Bad history with Chase but I want a Freedom UPDATE

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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kdm31091
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Re: Bad history with Chase but I want a Freedom UPDATE

Postby kdm31091 » Fri Jan 29, 2016 7:47 am

They probably could have given you a decision much quicker than 8 days. It sounds like you waited it out instead of calling, which I understand, but I think some people get too caught up in that mentality sometimes. The bottom line is, there's zero concrete proof that calling and speaking to analyst right away yields you a different result vs sitting on pins and needles for 8 days waiting. The application is being reviewed either way. The difference is the speed. So I don't think waiting is always a necessity. I get it for people who applied for 500 cards and are hoping to fly under the radar by not calling, but again, we have no proof that it makes any difference. You either qualify or you don't.

I'm sorry to hear about the denial though. I would look into Discover It. Very similar card to Freedom for cash back and has a secured version you could start off with potentially.


Kevin86475391
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Re: Bad history with Chase but I want a Freedom UPDATE

Postby Kevin86475391 » Mon Feb 01, 2016 9:01 pm

Sorry to hear the Freedom didn't work out for you.

I tend to take a very slow approach to credit, but if it were me, I'd garden the Cap 1 card for at least a year (from today, not from when you first got it) without applying for anything new at all. I'm absolutely sure you could get something much sooner, but what's the rush? As you said you don't need the card for financial reasons and you already have a solid rewards card, so I'd just sit tight and let some of the inquiries age off and some history age up. That would generally be my advice anyway, but for someone with a thin file and newish credit, I think that approach is especially useful.

Elijahmex
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Re: Bad history with Chase but I want a Freedom UPDATE

Postby Elijahmex » Wed Feb 03, 2016 6:57 am

Kevin86475391 wrote:Sorry to hear the Freedom didn't work out for you.

I tend to take a very slow approach to credit, but if it were me, I'd garden the Cap 1 card for at least a year (from today, not from when you first got it) without applying for anything new at all. I'm absolutely sure you could get something much sooner, but what's the rush? As you said you don't need the card for financial reasons and you already have a solid rewards card, so I'd just sit tight and let some of the inquiries age off and some history age up. That would generally be my advice anyway, but for someone with a thin file and newish credit, I think that approach is especially useful.


What really annoys me more than anything is the amount of inquiries I have and 2 of them are bc of an idiot Macy's employee. I asked for a store card and specifically not a store credit card just a membership card like you get at best buy, TJMaxx, Costco, etc... and this lady did the exact opposite and ran a store credit card not once but TWICE! Both times denied and those two inquiries are on my report.

And tbh I kind of need a Visa card. My debit card and credit card are Mastercards. For example Costco does not accept MC and i don't usually walk around with 3-400$ cash on me & I shop there 2-3x a month.
It annoys me that I have to withdraw silly amounts to shop there bc i don't have a visa or Amex.

What do you mean by "garden your Cap1"?
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