Credit Card Offers From Chase
Author: Xstation
Posted: Thu Aug 25, 2005 8:40 pm
Post subject: Should I apply to this offer from Chase?
I received an offer from Chase for a "Chase Visa Platinum" card with 0% introductory APR on purchases and BFs until 12/1/2006 with 7.99% APR thereafter. Expiration date 6/6/2005
I have a couple of questions, my first question is what are my chances of getting approved, keeping in mined that I received my first credit card 8 months ago. (I have paid on time, my limit on the card is $400 with a currect balance of $125.) Plus my mom added me to her new card from bank of america which she got with a limit of 5K, 2 weeks ago.
My 2nd question is, I've read the cardholders reviews on this website about chase and most of them say Chase bumps up the APR to 20%-29% a couple of months after you opened an account with them, even if you pay on time and have excellent credit. Is this true?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: maddybeagle
Posted: Thu Aug 25, 2005 9:01 pm
Post subject: Credit Card Offers From Chase
I havent had a case of a cc up'ing the rate and only had a chase bt for a couple of months. They certainly have the option of raising the rate whenever they want including if you are late on another card, but I think they usually want to keep customers (havent had happen with any of my other cards).
On the applying for another card, my experience is they want to see a year or 2 of good credit card history. That was my experience in my early 20s building history.
Author: dmband
Posted: Thu Aug 25, 2005 9:04 pm
Post subject: Credit Card Offers From Chase
I got that offer in the mail too and I applied and was approved. My rating through equifax is 720's.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Xstation
Posted: Thu Aug 25, 2005 9:25 pm
Post subject: Credit Card Offers From Chase
here are some review that I'm talking about http://premiumcreditcard.cardratings.com/partners/links/cardholders/details.asp?idmin=141&tempid=124
I'm a little worried with those all those bad reviews, does anyone still think this is a good card? thanks
Author: JaneiR36
Posted: Fri Aug 26, 2005 6:50 am
Post subject:
With Chase, you won't know if it's a 'good' card until you apply for and receive it. I was really angry with them for a long time, but now I think I've gotten over it.
Basically this is just an 'offer' to get you to apply. What you will in fact receive, may or may not resemble the offer. Too often, Chase will send that offer in the mail, and after you apply (read the terms carefully), your promo period might in fact be for 3 months instead of 15 months as advertised.
If your credit is good, especially since your Mom effectively lent you her history by adding you to her card (just pray she doesn't have any skeletons in her credit closet....), your chances of getting the longest promotional rate should be higher.
Are you needing to transfer any balances? From what you've said, it seems you're a short term credit user and don't really have any debt yet. In which case, the APR might not even matter if you plan to pay in full each month.
Summary: with Chase, it's a gamble. You can't know what the terms of your card will be until you actually have the card and their letter describing those terms in your hand.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Aug 25, 2005 8:40 pm
Post subject: Should I apply to this offer from Chase?
I received an offer from Chase for a "Chase Visa Platinum" card with 0% introductory APR on purchases and BFs until 12/1/2006 with 7.99% APR thereafter. Expiration date 6/6/2005
I have a couple of questions, my first question is what are my chances of getting approved, keeping in mined that I received my first credit card 8 months ago. (I have paid on time, my limit on the card is $400 with a currect balance of $125.) Plus my mom added me to her new card from bank of america which she got with a limit of 5K, 2 weeks ago.
My 2nd question is, I've read the cardholders reviews on this website about chase and most of them say Chase bumps up the APR to 20%-29% a couple of months after you opened an account with them, even if you pay on time and have excellent credit. Is this true?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: maddybeagle
Posted: Thu Aug 25, 2005 9:01 pm
Post subject: Credit Card Offers From Chase
I havent had a case of a cc up'ing the rate and only had a chase bt for a couple of months. They certainly have the option of raising the rate whenever they want including if you are late on another card, but I think they usually want to keep customers (havent had happen with any of my other cards).
On the applying for another card, my experience is they want to see a year or 2 of good credit card history. That was my experience in my early 20s building history.
Author: dmband
Posted: Thu Aug 25, 2005 9:04 pm
Post subject: Credit Card Offers From Chase
I got that offer in the mail too and I applied and was approved. My rating through equifax is 720's.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Xstation
Posted: Thu Aug 25, 2005 9:25 pm
Post subject: Credit Card Offers From Chase
here are some review that I'm talking about http://premiumcreditcard.cardratings.com/partners/links/cardholders/details.asp?idmin=141&tempid=124
I'm a little worried with those all those bad reviews, does anyone still think this is a good card? thanks
Author: JaneiR36
Posted: Fri Aug 26, 2005 6:50 am
Post subject:
With Chase, you won't know if it's a 'good' card until you apply for and receive it. I was really angry with them for a long time, but now I think I've gotten over it.
Basically this is just an 'offer' to get you to apply. What you will in fact receive, may or may not resemble the offer. Too often, Chase will send that offer in the mail, and after you apply (read the terms carefully), your promo period might in fact be for 3 months instead of 15 months as advertised.
If your credit is good, especially since your Mom effectively lent you her history by adding you to her card (just pray she doesn't have any skeletons in her credit closet....), your chances of getting the longest promotional rate should be higher.
Are you needing to transfer any balances? From what you've said, it seems you're a short term credit user and don't really have any debt yet. In which case, the APR might not even matter if you plan to pay in full each month.
Summary: with Chase, it's a gamble. You can't know what the terms of your card will be until you actually have the card and their letter describing those terms in your hand.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 7:37 PM
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