Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


Sign in to follow this  

Dreaded 10-Day Wait for Chase Freedom App

The last post in this topic was posted 2449 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts

Hi, guys,

So my CRs are all newly clean, and I decided to pull the trigger and apply for Chase Freedom today. My file is thin – one Cap1 secured w/$351 limit reporting since November; 1 DCU Visa with $7500 limit reporting since last month; one DCU car loan, also new; and my Chase auto loan that was just paid off. One inquiry on my EX in the last year. That’s it. No negatives on my file. I just had two awful public records removed and I'm happy about that. I checked my FICO EX before the app and it was 738 so I felt good about my chances. I app and get the dreaded 10-day wait message. Is that a likely denial? Should I wait until I hear from them to try reconning? I called their application status number right after and the woman I talked with told me they had up to 30 days to respond to me so I decided not to push. I’m a little disappointed ‘cause I thought this would be a great card to help me rebuild and relatively easy to get, but I guess that’s not the case. Any advice? Thanks.

Edited by seetheworld1

Share this post


Link to post
Share on other sites

Hi, guys,

So my CRs are all newly clean, and I decided to pull the trigger and apply for Chase Freedom today. My file is thin – one Cap1 secured w/$351 limit reporting since November; 1 DCU Visa with $7500 limit reporting since last month; one DCU car loan, also new; and my Chase auto loan that was just paid off. One inquiry on my EX in the last year. That’s it. No negatives on my file. I just had two awful public records removed and I'm happy about that. I checked my FICO EX before the app and it was 738 so I felt good about my chances. I app and get the dreaded 10-day wait message. Is that a likely denial? Should I wait until I hear from them to try reconning? I called their application status number right after and the woman I talked with told me they had up to 30 days to respond to me so I decided not to push. I’m a little disappointed ‘cause I thought this would be a great card to help me rebuild and relatively easy to get, but I guess that’s not the case. Any advice? Thanks.

 

Your credit card specific FICO is probably lower than the generic EX FICO because your CC history is quite short. The auto loan experience is much longer. CC issuers have concerns with rapid increases in CC available credit and your last CC is very new and increased your CC credit 20x. Your file won't have any info on how you have handled the larger amount and they may want to see at least a couple months balance/payment history on it. Could be useful to talk to an underwriter.

Share this post


Link to post
Share on other sites

UPDATE: Oh wow. I just called Recon and was prepared to beg and plead but before I could the underwriter said my card was approved with a $7,000 limit and I'll get it and the welcome kit in 5 to 7 days! Yes! I'm so happy. I'm going to settle now and garden my Freedom and DCU Visa for a long time. No more apps for me until much later this year. I'd love a travel rewards card since I do a fair bit of traveling, but the ones I have my eye on (Barclay World Arrival or Capital One Venture) would probably decline me with such thin history. Thanks guys! :yahoo:

Share this post


Link to post
Share on other sites

UPDATE: Oh wow. I just called Recon and was prepared to beg and plead but before I could the underwriter said my card was approved with a $7,000 limit and I'll get it and the welcome kit in 5 to 7 days! Yes! I'm so happy. I'm going to settle now and garden my Freedom and DCU Visa for a long time. No more apps for me until much later this year. I'd love a travel rewards card since I do a fair bit of traveling, but the ones I have my eye on (Barclay World Arrival or Capital One Venture) would probably decline me with such thin history. Thanks guys! :yahoo:

 

Congratulations! Did the underwriter ask you any questions or just tell you that you had been approved?

Share this post


Link to post
Share on other sites

 

UPDATE: Oh wow. I just called Recon and was prepared to beg and plead but before I could the underwriter said my card was approved with a $7,000 limit and I'll get it and the welcome kit in 5 to 7 days! Yes! I'm so happy. I'm going to settle now and garden my Freedom and DCU Visa for a long time. No more apps for me until much later this year. I'd love a travel rewards card since I do a fair bit of traveling, but the ones I have my eye on (Barclay World Arrival or Capital One Venture) would probably decline me with such thin history. Thanks guys! :yahoo:

 

Congratulations! Did the underwriter ask you any questions or just tell you that you had been approved?

 

All he asked me was to verify my ID -- SSN and name and address. That was it. Unreal!

Share this post


Link to post
Share on other sites

Yay! :clapping::clapping: Congratulations!

 

Got my Chase Freedom approved last month for $6k (Visa Signature Card). Got the 7-10 day message as well but didn't call. Just waited and finally got an email I was approved. Whole process took 20 days from App to when I received the card. Really made my day since this is my highest limit card to date.

Share this post


Link to post
Share on other sites

Yay! :clapping::clapping: Congratulations!

 

Got my Chase Freedom approved last month for $6k (Visa Signature Card). Got the 7-10 day message as well but didn't call. Just waited and finally got an email I was approved. Whole process took 20 days from App to when I received the card. Really made my day since this is my highest limit card to date.

Thanks Sparky! Can I ask you about the card? I've heard that Visa Signature cards sometimes don't have their limit reported to the CRs. Is that true? Do you know if your limit is reported to the bureaus?

Share this post


Link to post
Share on other sites

UPDATE: Oh wow. I just called Recon and was prepared to beg and plead but before I could the underwriter said my card was approved with a $7,000 limit and I'll get it and the welcome kit in 5 to 7 days! Yes! I'm so happy. I'm going to settle now and garden my Freedom and DCU Visa for a long time. No more apps for me until much later this year. I'd love a travel rewards card since I do a fair bit of traveling, but the ones I have my eye on (Barclay World Arrival or Capital One Venture) would probably decline me with such thin history. Thanks guys! :yahoo:

 

:)

Share this post


Link to post
Share on other sites

UPDATE: Oh wow. I just called Recon and was prepared to beg and plead but before I could the underwriter said my card was approved with a $7,000 limit and I'll get it and the welcome kit in 5 to 7 days! Yes! I'm so happy. I'm going to settle now and garden my Freedom and DCU Visa for a long time. No more apps for me until much later this year. I'd love a travel rewards card since I do a fair bit of traveling, but the ones I have my eye on (Barclay World Arrival or Capital One Venture) would probably decline me with such thin history. Thanks guys! :yahoo:

Congrats! Wonder if you could get it bumped to $10k through recon?

Share this post


Link to post
Share on other sites

Chase doesn't recon initial lines. you have to request a CLI with another HP and then you can call and speak to a UW about it.

Share this post


Link to post
Share on other sites

UPDATE: Oh wow. I just called Recon and was prepared to beg and plead but before I could the underwriter said my card was approved with a $7,000 limit and I'll get it and the welcome kit in 5 to 7 days! Yes! I'm so happy. I'm going to settle now and garden my Freedom and DCU Visa for a long time. No more apps for me until much later this year. I'd love a travel rewards card since I do a fair bit of traveling, but the ones I have my eye on (Barclay World Arrival or Capital One Venture) would probably decline me with such thin history. Thanks guys! :yahoo:

Congrats!!

Share this post


Link to post
Share on other sites

 

Yay! :clapping::clapping: Congratulations!

 

Got my Chase Freedom approved last month for $6k (Visa Signature Card). Got the 7-10 day message as well but didn't call. Just waited and finally got an email I was approved. Whole process took 20 days from App to when I received the card. Really made my day since this is my highest limit card to date.

Thanks Sparky! Can I ask you about the card? I've heard that Visa Signature cards sometimes don't have their limit reported to the CRs. Is that true? Do you know if your limit is reported to the bureaus?

 

Yes, my $6k limit is posted on all 3 CRA's. I also noticed something yesterday. I PIF my balance 2 days ago (1 week before the statement cuts). Today, the "high balance" posted even though my statement hasn't cut (which isn't a problem for me) but I was surprised how quickly they report this info to the CRA's.

 

Furthermore, for EX, the Account Type field shows "Flexible Spending Credit Card". My other CC's report as "credit card" that aren't siggy Visa's.

Edited by SparkyinCA

Share this post


Link to post
Share on other sites

The last post in this topic was posted 2449 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Similar Content

    • By MJPEREZ77
      Hi CBers,
       
      I have a question for you. DW app'd for the SYNC Home Design CC w/ EX frozen, after numerous calls to finally get to the correct UW department, and getting the right UW, we had them pull TU and she was approved (and on the 2nd call got a CLI, gotta luv SYNC!!! ). So we wanted to each get the Barclay's US Airways CC, she app'd and was Declined. NOW NORMALLY, I'd have her recon. BUT, as she has many new accts in the last 90 days, I am weary of having her call and have an UW look at her file as I have read that Barclay's is very new acct "sensitive". I remember a comment left for me once by someone on here, something about a farm animal getting slaughtered, lol. So I am thinking of letting this one go as to not bring any unwanted attention to her that might result in AA or a CLD. Am I thinking logically? Thanks again for your input!
       
      Have a great rest of your week!!!
    • By lethargic
      Just called the Chase recon line regarding my Sapphire Preferred application.
       
      Called up and spoke to a really nice gentleman for about 15 minutes. I had a security freeze on Experian and I gave him the pin to lift that.
       
      He asked me a few questions about my BK in 2010. He asked about my mortgage and income. Then put me on hold for about five minutes and came back saying that he had to send it up the ladder for further review because of the BK. He said in 7-10 business days I would either get my card in the mail or an explanation for the decline.
       
      I asked him what his thoughts were and he said he was satisfied and he had been doing it for a long time and he had was good at reading credit... but yet it was forwarded for further review.
       
      Anybody get this message before? I really need to stop applying for cards!
    • By MJPEREZ77
      Hi, wondering if anyone has a Current B of A Recon phone #. I have tried the ones here and have had NO LUCK! DW just got denied for a Better Balance Rewards Card after a $9k CLI on Plat Plus. Hoping to take advantage of the this, since it was a Pre Qual Offer.
       
      Thanks
    • By BradS
      I'm very new to posting to this forum but have been using it for reference over the last month and wanted to share my recon story.
       
      I already had a Barclay's Reward Mastercard that I've had for over 7 months now and recently hit the CLI button. When asked how much I wanted, I was rather conservative and only asked for $250 which was granted after about an hour. So then I thought, perhaps I could have asked for more? So after reading on here about people calling the recon line to ask for more, I took a chance. After going over my account and answering a few questions, they granted me another $250!
       
      So I decided to apply for the Barclays Apple Visa card. After submitting I got the denial message and told me that I would get a letter within 7-10 days stating why. I submitted that application on Friday right before 5pm. I decided to call the recon line to see if I could get it overturned but by then it was already after 5 and they were closed. So I gave them a call today and talked to a very nice lady about reconsidering the application. She looked at my history with them and asked about my recent new inquiries which are all because I'm still rebuilding my credit history after completing BK13 a few years back. She also asked about my limited credit history gap which was because of the BK. I answered all her questions and she said since I have a good history with them and have been managing all my accounts well, that she would approve my application. I was stoked!
       
      This couldn't have been possible without the help and information that y'all provide on this forum. I can't thank y'all enough!
    • By Art_Vandelay
      My last CLI spree around September 22-24 resulted in CLI's on 4 or 5 cards but got the 7-10 day notice from CHASE. After I got the letter I recon'ed it.
       
      They totally screwed me up by doing this.
       
      Got a secure message from them early today saying "Per your request" we have decreased your Credit Limit
       
      Got on the phone with them and had to tell my story to 3 different CSR's and literally waited on the phone with them for over 45 minutes just to get my Credit Limit back to what it WAS because they screwed up.
       
      Telling them I NEVER requested a CLD and that THEY made the mistake on their end.
       
      But what really angers me is that they pulled another Hard Inq just to get my CL back to the original limit.
      Totally unprofessional.
       
      Only good thing is that I had EX frozen so they couldn't screw me with an EX pull.
      I won't be asking for a CLI from these guys for a LONG time.
       
      FUNNY Thing is that I just got 2 pre-approvals for a Slate and a Sapphire card from them in the mail yesterday. WTH Should have just applied and then moved the limits around.



  • Member Statistics

    • Total Members
      179,459
    • Most Online
      2,046

    Newest Member
    charlychass
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines