- Centurion Member
- Posts: 1077
- Joined: Thu Aug 04, 2011 7:07 pm
- Location: Phoenix
You need a serious reality check....just because you do not have BAD credit doesn't mean you have good credit; it sounds like you don't have any credit at all. A Chase card, any Chase card, is considered prime and they will want to see at least a few years of credit history before you will be approved. Unfortunately, Chase does not have secured cards to allow you a foot in the door. The Chase hotel cards are almost always Visa Signature and Chase requires a minimum credit line of $5,000 to qualify. For this, Chase will want a beefier credit file and typically they will want to see another creditor on your bureau that has given you a larger credit line. Do you bank with Chase? If so, perhaps you should make an appointment with a banker at your branch to see what your options are. They may be able to open a Slate card with a low limit but I cannot guarantee this. Back in 2006 Chase gave my brother a $200 credit line Visa card when he opened a checking and savings account. That was 6 years ago but most banks these days try to cross sell different banking products and they may overlook your thin file to keep you as a customer.
I would suggest a Capital One card or opening a secured card from Bank of America. Either way, I do not believe you will have a shot at any Chase hotel cards before this time next year, let alone in June of 2013. If you handle these cards correctly and keep the balances low you will see all sorts of doors open up for you. It seems like it takes forever but really in 2-3 years you can build a solid credit profile.
Don't worry so much about rewards at this point; there is plenty of time for that in the near future. Right now just concentrate on building your credit profile. Having said that, the Bank of America secured Visa card can be had with their 3-2-1 Cash Rewards program that earns cash back on gas (3%); groceries (2%) and 1% on everything else. Not bad for a secured card.