Chase Freedom Unlimited® applications could be denied because of a low credit score (below 700), not enough annual income, or too many recent credit inquiries. Other grounds for denial could be incomplete or inaccurate information on the application, or a pending bankruptcy on your credit report.
Chase Freedom Unlimited® is fairly hard to get, as it requires at least good credit for approval, meaning a minimum credit score of 700. ... Applicants for Chase Freedom Unlimited will also need an annual income that demonstrates an ability to make at least the card's minimum payment every month.
You'll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn't enough to qualify for any credit card. Issuers take into account your income, existing debts and other information.
Chase 5/24 - if you opened more than five credit card accounts within the past 24 months, you'll automatically be rejected. ... Chase 2/30 - if you have more than two applications within the past 30 days, Chase will not approve you.
For example, if your credit score went up significantly or you got a raise since you applied, you could argue that you are now more creditworthy. Alternatively, if you were denied because of incomplete or incorrect information on the application, you could ask for reconsideration after fixing that error.
The main difference is in the highlights of their rewards structures: The Freedom Flex card offers 5% cash back on rotating quarterly categories, while the Chase Freedom Unlimited offers a flat-rate 1.5% cash back on everything.
In general, Chase credit cards aren't the easiest to get since most require a good or excellent credit score for approval (700 or more). Most of those requirements are pretty standard, although some credit card companies offer cards to people with lower scores.
The easiest Chase credit card to get is the Chase Freedom® Student credit card because applicants can get approved with limited credit. This means the odds of approval are good even for people who are new to credit, making the Chase Freedom® Student credit card much easier to get than other Chase credit cards.
What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.
Yes, the Chase Freedom Flex℠ is hard to get because it requires at least a good credit score for approval. This means that applicants need a credit score of around 700+ to have decent odds of getting approved for Chase Freedom Flex.
Which Credit Bureau Does Chase Use Most? Chase primarily uses Experian as its credit bureau, but also uses TransUnion and Equifax for certain cards in certain states.
You can get pre-approved for all the Chase cards through Chase's pre-qualification application. You'll need to provide your name, address, and the last four numbers of your Social Security number. The pre-approval process is a good way to find out which Chase cards fit your qualifications.
Chase Freedom Unlimited – Credit score to get approved
Many people from online forums report approvals on the Chase Freedom Unlimited with a credit score of 675 and above. Generally speaking, the higher your score, the better chance you'll have for approval. But I've found approval reports in the low 600s in the past.
A credit card can be canceled without harming your credit score; just remember that paying down credit card balances first (not just the one you're canceling) is key. Closing a charge card won't affect your credit history (history is a factor in your overall credit score).
As with almost every question about credit reports and credit scores, the answer depends on your unique credit history and the scoring system your lender is using. "Too many" credit cards for someone else might not be too many for you. There is no specific number of credit cards considered right for all consumers.
The process involves applying for a credit card, getting approved, meeting a minimum spend within a set amount of time, earning a large welcome bonus, and canceling the card before the next annual fee is due. Once this is complete, the process is simply repeated again and again, hence the term churning.
Chase doesn't have any cards for consumers with bad credit scores. You need at least a good score to apply for a Chase credit card.
You'll need a good to excellent credit score (a FICO score of 670 or higher) to qualify for the Freedom Flex.
The American Express credit score requirement is 700 or above, depending on the card. That means people with good to excellent credit are eligible to be approved for an American Express credit card.
The difference between the two is how they earn in other categories. The Chase Freedom Flex℠ card offers 5% back on categories that rotate each quarter, up to $1,500 in spending. The Chase Freedom Unlimited® offers 1.5% back on every dollar spent — no matter the category — with no spending limit on rewards.
Yes, you can have both Chase Freedom Unlimited and Chase Freedom Flex. Having both the Freedom Unlimited and Freedom Flex cards can be a good idea, because their rewards programs work well together and neither card has an annual fee.
Yes, you can upgrade Chase Freedom to Chase Freedom Unlimited®. To upgrade, call customer service at (800) 945-2000, enter your account information, and ask to speak to a customer service representative when prompted. Tell the representative you'd like a product change from Chase Freedom to Chase Freedom Unlimited.
Here's why: The Chase Freedom Unlimited® offers a $500 minimum credit limit, but the limit is at least $5,000 if you're approved for the Visa Signature® version of the card. Beyond those minimum limits, this card offers plenty of opportunities to earn cash back.
Chase doesn't publicly disclose a maximum credit limit for the Chase Freedom Unlimited card. But some customers have said that they have received limits of $20,000 or higher. If you want a limit that high, you'll need spotless credit, a very high income to afford the payments and low existing debt.