Denied Chase Freedom - Not enough credit cards...

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rynmgdlno
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Denied Chase Freedom - Not enough credit cards...

Postby rynmgdlno » Mon Sep 15, 2014 4:35 pm

So applied yesterday online, got the "under review" message. I called the recon number today and after a secondary review was still denied due to not having enough credit cards, the whole reason I was applying for a new one....

My only current card is a USBank secured, but my payment history is 100% on student loans for 3 years and my scores are hovering in the high 600s (fluctuating between 650-690). Credit Karma "recommended" the Freedom and based on my credit said my chances of approval were good, whatever that's worth.

So should I increase the limit on my secured card, wait til I'm above 700 and reapply? Look for a different card to apply for? Open another secured?

I'm self employed and want to use a card(s) to cover some small bills every month (no more than 300) while keeping my utilization down/building my scores. And I want to eventually open a Chase Sapphire Preffered (Ill be traveling a lot) so I figured a Freedom would be the best step. Right now I'm using no more than 10-30% utilization and pay off every month.


popamode72
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Postby popamode72 » Mon Sep 15, 2014 6:23 pm

Never mind what I said about recon there though maybe you can still try that again and see if you get another rep to talk to that might be more helpful than the one you dealt with. Sometimes you just need the right person to talk to that will be understanding enough to make things happen in your favor. I would just look into trying again first before looking into other options.

Anyway, if that still doesn't work, you can always try again in a couple of months. I also suggest going through some other CC companies' websites and seeing if you're prequalified for any of their cards like Amex, Barclays, Discover, Citi, etc and going from there in case Chase still doesn't work out for you. They have a lot of good options you could look into, especially Discover if you're looking for a similar kind of card to the Freedom and how they also have rotating 5% cashback categories. Good luck.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

rynmgdlno
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Postby rynmgdlno » Mon Sep 15, 2014 6:41 pm

Thanks popamode, but unfortunately I was denied after calling the recon line. Ill look into some other cards.

rynmgdlno
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Postby rynmgdlno » Mon Sep 15, 2014 7:17 pm

Cool, I'll try calling again tomorrow and if that still doesn't work, I've found a couple pre qualified cards I can give a shot, namely the Capital One Platinum, QuicksilverOne rewards, and Barclaycard rewards. Looking into these now.

MemberSince99
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Postby MemberSince99 » Tue Sep 16, 2014 6:34 am

I once had to recon three different times to get a Freedom. As stated sometimes you just have to get the right person if you know what I mean.


Otherwise there are other lenders out there and if they don't want your business someone else will.

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Sep 16, 2014 2:10 pm

Credit Karma is useful as a way to get most of the information on your TU report. Take any recommendations they make about specific cards with a grain of salt.

They 'recommend' I get a Freedom, BCE, and It - all of which I already have!

Out of the two CO cards and the Barclaycard Rewards, I'd go with the Barclaycard. Unless you end up becoming a big fan of the Amex MR system, Barclaycard offers Sallie Mae and the Arrival cards - two popular rewards cards. Building a history with Barclaycard may make it easier to get one or both of those in the future.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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onion
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Postby onion » Tue Sep 16, 2014 5:28 pm

CarefulBuilder14 wrote:Credit Karma is useful as a way to get most of the information on your TU report. Take any recommendations they make about specific cards with a grain of salt.

They 'recommend' I get a Freedom, BCE, and It - all of which I already have!

Out of the two CO cards and the Barclaycard Rewards, I'd go with the Barclaycard. Unless you end up becoming a big fan of the Amex MR system, Barclaycard offers Sallie Mae and the Arrival cards - two popular rewards cards. Building a history with Barclaycard may make it easier to get one or both of those in the future.


They recommend the Freedom for me all the time and I've been denied the damn thing twice lol.
FICO TU - 728 - 8/14
FICO EX - 716 - 7/14
FICO EQ - 740 - 7/14

Bank of America Cash Rewards - $2,400
Best Buy - $3,000
American Express Blue Cash Everyday - $8,000
American Express Everyday - $10,000
Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)
American Express Platinum - NPSL
Barclaycard Arrival+ - $3,000
Capital One Yamacard - $11,000

popamode72
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Postby popamode72 » Tue Sep 16, 2014 5:56 pm

onion wrote:They recommend the Freedom for me all the time and I've been denied the damn thing twice lol.


I was fooled into apping for the Freedom once because of CK too. Trying to get my SW card changed into one now that I've been in with them for about a month so I won't have to waste a HP later on. Called the EO on Friday and I should be hearing back from them by Wednesday.

Edit: Called the EO again. Haven't called me back yet but a woman I talked to explained why it wouldn't be likely for them to change a cobranded card to the Freedom and made it perfectly understandable as to why but she also said that if I wanted get the Freedom without actually having to apply for it, I could look into applying for the Chase Slate and PCing into the Freedom in the long term. Someone on Credit Pulls said that they were able to get it converted after getting approved through the backdoor number.

She even called it their most basic card to have and also called it a starter card. Probably not doing that if I do try again for that card in the future but that's just something she wanted me to keep in mind as well as applying for the Freedom in a branch for the offers.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Sep 16, 2014 7:50 pm

popamode72 wrote:I was fooled into apping for the Freedom once because of CK too. Trying to get my SW card changed into one now that I've been in with them for about a month so I won't have to waste a HP later on. Called the EO on Friday and I should be hearing back from them by Wednesday.

Edit: Called the EO again. Haven't called me back yet but a woman I talked to explained why it wouldn't be likely for them to change a cobranded card to the Freedom and made it perfectly understandable as to why but she also said that if I wanted get the Freedom without actually having to apply for it, I could look into applying for the Chase Slate and PCing into the Freedom in the long term. Someone on Credit Pulls said that they were able to get it converted after getting approved through the backdoor number.

She even called it their most basic card to have and also called it a starter card. Probably not doing that if I do try again for that card in the future but that's just something she wanted me to keep in mind as well as applying for the Freedom in a branch for the offers.


PCing the Slate into a Freedom is definitely a widely tested strategy. From reading a few other threads, it sounds like the Chase CSRs are happy to do it unless a Slate account has been designated "not eligible for a product change" by the Chase computer system. It doesn't sound like something easily fixed with a dozen calls over the course of a week. It sounds like with enough time and no new baddies, the Chase computer's restriction will relax, and a Slate can be PCed into a Freedom.

PCing a Southwest into a Freedom is definitely a more unusual move. I don't know how valid the 'cobranded' explanation is, but even if you can get around that obstacle, they may have rules about minimum periods for holding a card before you can PC. They have already gotten their annual fee, though, so that shouldn't bother them.

Also, you're in your 13th month of credit history, and have 11 cards open right now. How many different cards do you want to manage? If you try to add Arrival+, Freedom, Sallie Mae or BofA Cash Rewards...and then drop Southwest...that still puts you at 13 cards. 13 would be a fair number for a road warrior, but it is hard to imagine needing that many in college.

Possible factors that Chase / other lenders might consider but not mention is the number of cards you have total, as well as a few low-limit cards. I'd consider gardening for several months and then closing anything that you didn't use once every month or that had a special future purpose like a travel card. Arrival+ and Freedom are general-use cards, and you do already have a fair number of those.

Although you might close Amex Everyday, Amazon store, and QuickSilver once you have Sallie/BofA and Arrival+, so that would bring you down to 10.

Your AAoA will grow more slowly once you close cards, but it might be best to do some 'weeding'.

I would not add the Slate right now. I would garden and decide which general-purpose cards to keep. If you really see a great use for the Freedom (even with the rewards being trimmed) you can app for it then. The Discover is just so close to the Freedom, though, and you already have a lot of cards for your length of history. Using your Discover might get an auto CLI after 6 months or a year. Getting a higher limit on what is currently your lowest-limit everyday card might be helpful in the future.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

popamode72
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Postby popamode72 » Tue Sep 16, 2014 8:49 pm

CarefulBuilder14 wrote:PCing the Slate into a Freedom is definitely a widely tested strategy. From reading a few other threads, it sounds like the Chase CSRs are happy to do it unless a Slate account has been designated "not eligible for a product change" by the Chase computer system. It doesn't sound like something easily fixed with a dozen calls over the course of a week. It sounds like with enough time and no new baddies, the Chase computer's restriction will relax, and a Slate can be PCed into a Freedom.

PCing a Southwest into a Freedom is definitely a more unusual move. I don't know how valid the 'cobranded' explanation is, but even if you can get around that obstacle, they may have rules about minimum periods for holding a card before you can PC. They have already gotten their annual fee, though, so that shouldn't bother them.

Also, you're in your 13th month of credit history, and have 11 cards open right now. How many different cards do you want to manage? If you try to add Arrival+, Freedom, Sallie Mae or BofA Cash Rewards...and then drop Southwest...that still puts you at 13 cards. 13 would be a fair number for a road warrior, but it is hard to imagine needing that many in college.

Possible factors that Chase / other lenders might consider but not mention is the number of cards you have total, as well as a few low-limit cards. I'd consider gardening for several months and then closing anything that you didn't use once every month or that had a special future purpose like a travel card. Arrival+ and Freedom are general-use cards, and you do already have a fair number of those.

Although you might close Amex Everyday, Amazon store, and QuickSilver once you have Sallie/BofA and Arrival+, so that would bring you down to 10.

Your AAoA will grow more slowly once you close cards, but it might be best to do some 'weeding'.

I would not add the Slate right now. I would garden and decide which general-purpose cards to keep. If you really see a great use for the Freedom (even with the rewards being trimmed) you can app for it then. The Discover is just so close to the Freedom, though, and you already have a lot of cards for your length of history. Using your Discover might get an auto CLI after 6 months or a year. Getting a higher limit on what is currently your lowest-limit everyday card might be helpful in the future.


Understood and that was the intention of me closing several cards I didn't need anymore a little while back but ended up getting ones that were way better by comparison. My goal was to get it down to under 10 cards (ideally 6-8 would be the number that I'd want to keep track of) but for now that didn't really end up being that way. Probably won't close my CapOne card because it's currently my second oldest card that I have right now and the limit on it is greater than what I have with Citi right now.

Also I tend to be pretty obsessed with keeping utilization low and having a lot of available credit available and also being able to have something with a variety of lenders so when one lender decides to screw me over, I have alternatives readily available for use, and trust me, I honestly had no idea that I'd go from just $1K in total credit starting out to what I have now or thought it was even possible myself in just a year

Lots of trial and error to get to this point and discovering forums like this after my FICO score started generating and there are still some mistakes I regret making, liking going on an app spree earlier this year and not knowing that much about AAoA for example and caring more about quantity than quality back then. I mean it was an incredible feeling to be able to have my first few instant approvals after six months of building my credit up and I think the Freedom card was something I had wanted for a very long time but you're completely right about the Discover It being a lot like the Freedom anyway.

And also, I'm really only mainly interested in the Sallie Mae Mastercard right now, and that would definitely replace my Wells Fargo card if I were able to get it later on though I also didn't think about how it could potentially replace some of my other cards too. Bank of America and horror stories about their customer service are really turning me off from them more and more and I just don't think they sound like they're worth my time trying to deal with.

Realistically, I don't think I can close my Delta card just yet because it has my second highest credit limit on there and I have to wait until I can consolidate the limit of that over to the ED card and that was the card I had wanted the most from Amex to begin with. The Delta one was mainly to get my foot in the door with them and to take advantage of the sign up offer.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)



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