2013 Chase Pre-Approved Credit Card Offers

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darkguy2
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2013 Chase Pre-Approved Credit Card Offers

Postby darkguy2 » Tue Nov 19, 2013 8:26 am

So I got a pre-screened offer from Chase in the mail yesterday for the Freedom. It is the one card I have been wanting but did not think I could get it so I was waiting to build my history. From what I have read pre-screened is similar to pre-approved where they will accept you as long as you still match the criteria they saw when they gave you the offer. Is this true?

I am also wondering if I should take it now or wait till my next statement posts for my Discover it. My last statement had a high utilization on it since I purchased another gun to go shooting with. I should be under 20% on my next statement. Will this help me get a better limit if I am accepted? I have already maxed out my 5% cash for Discover for this quarter so it would be nice to get the Freedom and use it for the 5% this quarter. My income is also higher than it was when I got my Discover it.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)


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gijoe3181
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Postby gijoe3181 » Tue Nov 19, 2013 8:47 am

I would definitely wait for your payment to post. The reason is chase will look at your DTI(debt to income) ratio. A whole lot more especially if you're just starting out. And also you want to limit yourself on the amount of hard inquiries on your credit report. They will take a look at that as well, every time you apply for credit its a hard inquiry and that will affect your credit score. So I would wait just until your next billing cycle. And I know that discover it cards now offer your fico score for free and you will get it on your next statement. See what it looks like and then make your decision. Hope this helps.
"Don't think you don't deserve what you earn."

Amex Blue Cash
Discover
Chase United mileage plus
Capital One

takeshi
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Postby takeshi » Tue Nov 19, 2013 8:58 am

darkguy2 wrote:My last statement had a high utilization on it since I purchased another gun to go shooting with. I should be under 20% on my next statement. Will this help me get a better limit if I am accepted?

Probably. Definitely read up on credit scoring. Utilization plays a significant role.

darkguy2
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Postby darkguy2 » Tue Nov 19, 2013 9:08 am

I know that my score would go up with a lower percentage but since I was pre-screened with the higher amount I thought that it would not be a problem with getting the card. What I want to know is if it will increase my possible limit if I reduce it.

I also did not realize that I got a free FICO score now. Another reason I love Discover. Just wish they were accepted more places. It looks like I will wait for my next statement to post.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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gijoe3181
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Postby gijoe3181 » Tue Nov 19, 2013 9:45 am

It is a good possibility. That you would get a higher limit, and if you don't you can always give them a call and asked to increase your credit limit. That has worked for me in the past. I didn't realize it until yesterday when i called discover to find out if they will offer to all of their cards and it will happen in the next couple of months.
"Don't think you don't deserve what you earn."

Amex Blue Cash
Discover
Chase United mileage plus
Capital One

darkguy2
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Postby darkguy2 » Tue Nov 19, 2013 8:38 pm

I was thinking of trying to get my limit raised on my IT at the same time I apply for the Freedom. Should I try to get one online through their secure email or over the phone?
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

BonusPack
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Postby BonusPack » Tue Nov 19, 2013 9:22 pm

One thing I would also want to make sure is that you've been offered a good APR. I'm a 21 year old student with a part time job and I've been given good offers on APR from discover and Amex but for some reason I cant seem to get an offer less than 22.99 from chase. When you pay your balance off in full every month it doesn't matter as much but you still always want a good APR%

As for the payment I agree with everyone else that you should wait till your payment goes through. The better your situation looks the better your opportunity to get a better offer. Good luck!

darkguy2
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Postby darkguy2 » Tue Nov 19, 2013 9:39 pm

I am getting 17.99% from Discover. I do not plan on ever paying after the due date so the APR does not matter to me.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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gijoe3181
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Postby gijoe3181 » Tue Nov 19, 2013 9:40 pm

Let me ask how long have you had your discover card? If it has been more than a year you can ask, or sooner if you want but they always want to see at least one year of payment history. To see how you did, also it maybe wiser if you are going to apply for the Freedom card do that first, then ask for an increase and kind of bate them and say that Chase is giving me such amount of credit, can you match it.
"Don't think you don't deserve what you earn."

Amex Blue Cash
Discover
Chase United mileage plus
Capital One

darkguy2
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Postby darkguy2 » Wed Nov 20, 2013 10:33 am

It is coming up on 10 months. I am hoping that I will get a decent limit with Chase but I am somewhat worried that they will give me a $500 limit. They may have pre-approved me but that does not mean I will get a high limit. So I will wait for my next statement to see my score and also bring down my usage by a large amount.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)



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