"We will notify you within 10 days" vs. instant approval?

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time4change
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"We will notify you within 10 days" vs. instant approval?

Postby time4change » Fri May 25, 2012 2:21 am

Hi everyone this is my first post here so happy I've found this forum! I've just applied for the Chase Freedom card the message showed up that they'll notify me within 10 days.

From what I've been reading here that means denial. I have no open lines of credit or any type of credit cards.

Is there anything I can do before they send out the actual letter telling me that I'm not approved? It's been a very long time since I've owned a credit card or used any credit could this be a factor?

I have called the automated line and it says my application is being processed. I am self-employed and make around 14 grand a year because of the turn in our economy.

Any advice as to what I can do is greatly appreciated!


MemberSince99
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Postby MemberSince99 » Fri May 25, 2012 3:17 pm

time4change wrote:Hi everyone this is my first post here so happy I've found this forum! I've just applied for the Chase Freedom card the message showed up that they'll notify me within 10 days.

From what I've been reading here that means denial. I have no open lines of credit or any type of credit cards.

Is there anything I can do before they send out the actual letter telling me that I'm not approved? It's been a very long time since I've owned a credit card or used any credit could this be a factor?

I have called the automated line and it says my application is being processed. I am self-employed and make around 14 grand a year because of the turn in our economy.

Any advice as to what I can do is greatly appreciated!


I would guess based on what you said it is a denial. I would also guess it will be hard to get this card with no history.

You can call them and ask what the status is and for them to consider you with a low (say 500) limit, but with no history I just don't see them giving it to you.

I would suggest that with no history, you try Capitol one, for "average" credit with the 39 dollar annual fee, or department store cards and gas station cards which can be easier to get. You may also look into a credit union or get a secured card to start. Get something like this going and use it responsibly for 6 months, then add another easy card until you have a couple of them. Use them well for a year, and I would bet getting a Freedom will then be in your future.

Hope this helps you and good luck!

time4change
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Postby time4change » Fri May 25, 2012 3:44 pm

Thanks for your response!

MemberSince99
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Postby MemberSince99 » Fri May 25, 2012 6:46 pm

By the way welcome to the forum!

time4change
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Postby time4change » Fri May 25, 2012 8:18 pm

MemberSince99 wrote:By the way welcome to the forum!


Thank you!

irvine801
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Postby irvine801 » Fri May 25, 2012 9:19 pm

Google the recon number. Membersince99 is right, and I heard recon usually works well with Chase. Good luck by the way.
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

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Postby ivotedale » Fri May 25, 2012 9:39 pm

I had the same thing happen when I applied for the Freedom last fall- wasn't instant approval.

The next day after applying, I called the "check application status" number (or whatever it's called, not the recon line), and immediately mentioned I was approved for a limit of $1,000 (I'm newer to credit).

If you can I would give the status application number a call to see if you're in (anyone know it?). I didn't get an immediate e-mail or confirmation I was approved otherwise, but was good to hear the news; I almost didn't believe it, so I dialed the number twice and the message held true!

Good luck!
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF

agp
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Postby agp » Fri May 25, 2012 9:45 pm

Chase Freedom is a tough card to get. However, I have never gotten any instant approval, and no denial either, with any of my cards, so you might get lucky and get approved, you never know. With that said, I would suggest to open your first credit card with a smaller bank or credit union, because they are more likely to approve you.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

time4change
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Postby time4change » Fri May 25, 2012 10:06 pm

Thank you I called the recon number and it turns out I was denied.

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Postby MemberSince99 » Sat May 26, 2012 9:47 am

time4change wrote:Thank you I called the recon number and it turns out I was denied.


I'm sorry you were denied. I was expecting it though. Chase is a prime lender, and they truly won't lend to everyone, they want to see an established, good payment history.

So a local credit union or something like Cap One or a secured card are going to be your best bet to start. All of us had to do this, and none of us just went right to prime card approvals. But if you give it time and effort you will get there. Use the sting of the denial as motivation to build your history right and get the Freedom that you want!



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