I Think I Am Going To Apply For Freedom

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Dylan1982
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I Think I Am Going To Apply For Freedom

Postby Dylan1982 » Wed Feb 06, 2013 4:12 am

I have about 8k TY points that I have no use for. I like the quaterly catergories that chase has to offer and I really like the cash back.

Couple of questions. If I do a B/T transfer to the Freedom card, what will happen to my TY points? Also doing a B/T to the Freedom card, that won't get me any points or anyhting correct, only get points on new purchases in their sepcified catergories?
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)


Dylan1982
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Postby Dylan1982 » Wed Feb 06, 2013 4:30 am

Well I just applied for the Chase Freedom, and here is the message that I received.... Should I call the recon number??

Does anyone have the recon number fir Chase?

Thank you for applying. Your application requires further review before making a decision.

Here's what you can expect:

•Our goal is to notify you in writing within 10 days; however, in some circumstances it may take up to 30 days.
•If you are approved, you will receive your card and other important information in the mail.
•Please do not resubmit this application.



Thought's as to why? I have 100% ontime payments, my CU is 12% and my credit score form crdit karma is 676 (trans union) and credit sesame is 756 (experian)
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

Dylan1982
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Location: Chicago

Postby Dylan1982 » Wed Feb 06, 2013 4:58 am

I found the recon number for chase jsut doing a simple search here on the forum. Should I call them later today, or wait 24 hrs?
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)


Malt
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Postby Malt » Wed Feb 06, 2013 12:29 pm

go ahead and call now. I called immediately after I got a notice just like that and all I had to do was verify a couple questions they had. Approved at the end of the conversation.

Gamma
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Location: Los Angeles, CA

Postby Gamma » Wed Feb 06, 2013 12:35 pm

Dylan1982 wrote:I have about 8k TY points that I have no use for. I like the quaterly catergories that chase has to offer and I really like the cash back.

Couple of questions. If I do a B/T transfer to the Freedom card, what will happen to my TY points? Also doing a B/T to the Freedom card, that won't get me any points or anyhting correct, only get points on new purchases in their sepcified catergories?

Nothing will happen to your TY points and you will not get any points for transferring a balance from your Citi card to your Chase card. You only get points on new purchases.

Dylan1982
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Postby Dylan1982 » Wed Feb 06, 2013 1:05 pm

Just got off the phone with the recon dept. Very fast response, everyone spoke english well and had NO problems.

They just had ask me a couple of questions and verify my answers.

I got instant approved for $3,500 CL :( I was hoping for a larger amount b/c my GM Card is $7,700 and my TY card is $4,600.

I called and asked for CLI already LOL (another inquiry :( ) and I asked for a CL of $5000. My inquiry for the app went into pending status where a credit analysis will need to look at it.. Wish me luck!

All in all very happy, got worried about the initial response, then called the recon and got instant approved! :)
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

Dylan1982
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Location: Chicago

Postby Dylan1982 » Wed Feb 06, 2013 3:38 pm

So let me get this right.. With the Freedom card, you get 1% cash back on all purchases (excluding the bouns catergories each quarter).. So say I just $1,000 on regular purchases not the items in the bonus catergory, then I would get $10 back to me? And then the items in the bonus catergory I would get 5% back to me? So say I spend $500 in gas (that is current bonus) then I would get $25 back to me?

If this is the case, why the heck didn't I sign up for this a LONG time ago??

One more question, with the cash back, how do I redeem this? Will Chase mail me a check, or will I need a Chase checking acct with them?
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)


Sevenfeet
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Postby Sevenfeet » Wed Feb 06, 2013 4:25 pm

Yup, that's pretty much how it works. My wife and I are kicking ourselves too since we figure that we can save up to $1000 a year on stuff we're doing already.

CC Deville
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Postby CC Deville » Wed Feb 06, 2013 4:58 pm

Dylan1982 wrote:So let me get this right.. With the Freedom card, you get 1% cash back on all purchases (excluding the bouns catergories each quarter).. So say I just $1,000 on regular purchases not the items in the bonus catergory, then I would get $10 back to me? And then the items in the bonus catergory I would get 5% back to me? So say I spend $500 in gas (that is current bonus) then I would get $25 back to me?

If this is the case, why the heck didn't I sign up for this a LONG time ago??

One more question, with the cash back, how do I redeem this? Will Chase mail me a check, or will I need a Chase checking acct with them?


Yes, that is correct. The way Chase explains it is that you earn 1% on every purchase and then you get an extra 4% (1+4=5) on the rotating bonus catagories.

The way Chase works the "cash back" is actually something they call Ultimate Rewards points. So, after you've racked up 2,000 Ultimate Rewards points you go to the Ulitmate Rewards website and you can either redeem them for cash ($1 = 1 UR point) or you can get gift cards or use them for travel etc. I have always requested mine in the form of a check and they mailed it to my billing address.

And if Thank You points are not your thing, you could always ask to be PC'ed to Citibank's Dividend card. It isn't nearly as good as the other cashback cards out there but you never know if they will have a 5% catagory that will strike your fancy. *Just be sure to use up your Thank You points first as they will not convert to cash back.

Gamma
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Postby Gamma » Wed Feb 06, 2013 5:45 pm

CC Deville wrote:Yes, that is correct. The way Chase explains it is that you earn 1% on every purchase and then you get an extra 4% (1+4=5) on the rotating bonus catagories.

The way Chase works the "cash back" is actually something they call Ultimate Rewards points. So, after you've racked up 2,000 Ultimate Rewards points you go to the Ulitmate Rewards website and you can either redeem them for cash ($1 = 1 UR point) or you can get gift cards or use them for travel etc. I have always requested mine in the form of a check and they mailed it to my billing address.

And if Thank You points are not your thing, you could always ask to be PC'ed to Citibank's Dividend card. It isn't nearly as good as the other cashback cards out there but you never know if they will have a 5% catagory that will strike your fancy. *Just be sure to use up your Thank You points first as they will not convert to cash back.

He meant $0.01=1 UR point.



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