Recent Chase Freedom mail offer

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PlyrStar93
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Recent Chase Freedom mail offer

Postby PlyrStar93 » Wed Jun 11, 2014 7:51 pm

So I just received this when I came back home today, the offer of a card which I have been hesitating for.
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While they give me $100 back after making $500 purchases, their official site gives $200 back after making same purchases.

This is just hilarious, don't know why they send offer even worse than what is on their website. Also I just can't get why they give me such a racked up interest (18.99%) when I have other accounts with lower ones. Any ideas?

By the way, the only thing that motivates me to apply for this card is the potential of getting Visa Signature. Just can't be sure if I can get one.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
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Gamma
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Postby Gamma » Wed Jun 11, 2014 10:02 pm

If you do apply, apply in the website and throw that one away. Might get better interest rate offer as well.

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PlyrStar93
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Postby PlyrStar93 » Wed Jun 11, 2014 10:54 pm

Gamma wrote:If you do apply, apply in the website and throw that one away. Might get better interest rate offer as well.

I would rather apply on their site. I wonder if I am able to negotiate credit limit if I apply online, though.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

takeshi
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Postby takeshi » Thu Jun 12, 2014 9:04 am

PlyrStar93 wrote:This is just hilarious, don't know why they send offer even worse than what is on their website.

There are various offers out there for any creditor and the creditor has no idea what other offers you've run across. It's up to you to ensure that you're getting the best offer available to you.

PlyrStar93 wrote:Also I just can't get why they give me such a racked up interest (18.99%) when I have other accounts with lower ones. Any ideas?

Other Chase accounts? If so, your credit isn't as good as when you applied for those. If other creditors then that's completely irrelevant as criteria vary from creditor to creditor.

PlyrStar93 wrote:By the way, the only thing that motivates me to apply for this card is the potential of getting Visa Signature.

There are plenty of Visa Signatures out there. Don't just respond to offers. Apply for one that is useful to you.

PlyrStar93 wrote:I would rather apply on their site. I wonder if I am able to negotiate credit limit if I apply online, though.

No but you can recon.

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PlyrStar93
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Postby PlyrStar93 » Thu Jun 12, 2014 9:33 am

takeshi wrote:There are various offers out there for any creditor and the creditor has no idea what other offers you've run across. It's up to you to ensure that you're getting the best offer available to you.

I will and have to apply from the official site if I decide to. Got to travel recently and have to come back next month so I have plenty of time to deal with it.

takeshi wrote:Other Chase accounts? If so, your credit isn't as good as when you applied for those. If other creditors then that's completely irrelevant as criteria vary from creditor to creditor.

I only have their checking and savings account, no loans/credits from them. BTW checked Citi pre-approval they give 22.99% interest.
My other accounts are from Citi, AMEX and Discover. Oldest is Citi 10/2012, but opened AMEX on Feb this year and Discover last month. I guess it's either too many accounts opened recently or a short history, maybe both. I don't have any negative records on credit report, always pay in full and never miss payments, and TransUnion FICO is 729 as of 5/29/2014 (a drop from 740 on 5/16, I know what I am doing).
I guess this is like criteria vary between lenders, but I really don't have a very long history nor multiple types of credits.

takeshi wrote:There are plenty of Visa Signatures out there. Don't just respond to offers. Apply for one that is useful to you.

I agree and I am not going to respond to this particular offer (I don't need to respond to a $100 offer when official site has $200). Already have Discover it and 5% category look similar, if not completely same.

If I recon for limit, hopefully they could send a Signature card.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

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PlyrStar93
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Postby PlyrStar93 » Fri Jun 13, 2014 7:12 pm

Alright applied online through the official $200 one and received 30-day pending message. They did not let me call any number.
Called them and they said they cannot approve application due to not being able to verify my social security number. They know I am a current customer of their bank but after "security check" they can't see my social security number on record (which is indeed true as I got my social # after opening checking and savings). On tomorrow before doing anything else I will have to go to a branch and update my information.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

benhollberg
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Postby benhollberg » Tue Jun 24, 2014 9:49 am

I received another Freedom invitation in the mail today with the $100 bonus, I was thinking the same thing. It's $200 on the website so why would I even think about this mail offer. They also sent another Slate application, which I have absolutely no interest in.
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