What are my chances of getting back with Chase?

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PowerMan572
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What are my chances of getting back with Chase?

Postby PowerMan572 » Sat Feb 15, 2014 12:40 am

I had a Chase charge off back in January of 2012. I called the collection company and paid the arranged amount.

I really want to get the Marriott black credit card. I applied for it and was denied because of my past experience with Chase. In all honesty, I forgot my charge off was with Chase otherwise I wouldn't have applied.

I called the reconsideration line twice and they both said they can't approve me because of the previous account with Chase. HOWEVER, I do have a Chase auto loan that was approved in June 2013. So I'm hoping by continuing to pay this on time and I pay about an extra $85/month, this will help recover my image with Chase. The 2nd lady I spoke to also said that because the the Marriott card is a Premium card with a minimum opening credit of $5k, that I didn't really have any cards with this high of a credit limit to justify giving it to me. (Understandable).

Well now that I have a Capital One with $5k limit, Amex with $2k limit and Barclaycard with $1,200 limit... what are my chances of getting a Chase card in say about a year? Funny that they approved me for an auto loan, but not a credit card.

I'm thinking in 1 year the Amex should have a limit of $5k and the Capital One is already at $5k.... I can call back and say "see, I do have other cards with that high of a credit limit." I just don't know how forgiving Chase is once you've had a charge off. When I called the reconsideration line, the lady said she can see that since the charge off my credit has been squeaky clean and I've been doing a good job.

Anyone else have similar experience with Chase?

One last question. Now that all 3 cards are opened, what is the standard time that these cards won't be considered new? I think the term is called "gardening?" LOL that is the funniest term to me.


daniel2304
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Postby daniel2304 » Sat Feb 15, 2014 7:46 am

Didn't you try 3X credit limit increase with Amex after 60 days? It should bump you to 6K
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

PowerMan572
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Postby PowerMan572 » Sat Feb 15, 2014 7:47 am

I just got my Amex in the mail yesterday :-)

MemberSince99
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Postby MemberSince99 » Sat Feb 15, 2014 8:08 am

I had two cards charge off with Chase for a significant (to me, to some on here it would just be pocket change I know) amount of money. The charge offs were not paid. As you can see in my signature I have two cards with them today. They don't easily forget or forgive, which is completely understandable but since you paid them, I would think once it falls off your report, you will probably be able to get back in but honestly there are no guarantees in life but death and taxes.

takeshi
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Postby takeshi » Sat Feb 15, 2014 11:14 pm

PowerMan572 wrote:Funny that they approved me for an auto loan, but not a credit card.

Not really. Underwriting criteria are different. Auto is secured. Card is not.

PowerMan572
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Postby PowerMan572 » Sat Feb 15, 2014 11:30 pm

MemberSince99 wrote:I had two cards charge off with Chase for a significant (to me, to some on here it would just be pocket change I know) amount of money. The charge offs were not paid. As you can see in my signature I have two cards with them today. They don't easily forget or forgive, which is completely understandable but since you paid them, I would think once it falls off your report, you will probably be able to get back in but honestly there are no guarantees in life but death and taxes.


How long did you have to wait to get your Chase cards after the charge off? I feel that by next year with these 3 new cards I got within the last week, I "should" be able to get a Chase card again.

MemberSince99
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Postby MemberSince99 » Sun Feb 16, 2014 12:38 am

I applied and got back in 10 years after the charge offs. It's truly a YMMV situation always with this kind of thing. Because you paid them my best guess is at some point you'll be able to get back in. I'm not sure it will be while it's reporting on your credit, but it's just impossible to guess, since if they have any hard and set in stone rules, no one seems to know or be willing to share what they are. Since it was only two years ago my feeling is that might be too soon, but again there is only one way to know for sure. If you apply and get a decline due to prior relationship, then you know you are on their blacklist at least for the time being.

PowerMan572
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Postby PowerMan572 » Sun Feb 16, 2014 4:00 am

Okay, and how long should i garden for? I just got all 3 cards within the same week. Do most people wait like 1-2 years?

MemberSince99
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Postby MemberSince99 » Sun Feb 16, 2014 8:09 am

However long you want to garden for. From what I've seen most people TALK about waiting 1 or 2 years, but very few actually do. Garden as long as it suits your needs/wants and situation. When it doesn't, then apply. Only you can determine if that should be and for how long.


If I followed the ramblings of the "Garden Cult" I'd very likely still have a Cap One card with a 500 limit and a 39 annual fee and that would be it for me.

SteveT
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Postby SteveT » Sun Apr 12, 2015 4:38 pm

Was the debt still owned by Chase or did they sell it to a jdb at the time you paid them.



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