![]() ![]() ![]() With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. When you're ready to proceed with a Chase Freedom Unlimited or Freedom Flex app, I'd say you have decent chances, especially if you're willing to call recon.At Bankrate, we have a mission to demystify the credit cards industry - regardless or where you are in your journey - and make it one you can navigate with confidence. Given this, you may want to see if by using that method you can improve your scores within a couple months, then consider applying. This is a short-term effect, meaning you can fix it within a couple billing cycles. If one or more of your cards is reporting high utilization (statement is cut and your amount due is over 30% of the credit limit on that card) this could be negatively affecting your credit scores. Research the AZEO method (All Zero Except One).Ĭarrying a balance refers to having a statement cut and not paying it full before the due date, thus accruing interest fees. This would actually be worse for your credit score, as you want at least one card showing some use. (I refuse to carry a balance).Ġ% utilization suggests you aren't using your cards at all or you are paying them off before the statement cuts, so that each statement shows $0 due. I have 0% Utilization, and have kept it at 0% for 16 months. If you want a card recommendation, create a new post using the template linked in the sidebar, being sure to include estimated category spending. I've always wanted a Chase Credit Card, so I figured why not. So you know, "Chase Freedom" refers to a card that's no longer available to new applicants (a 5% rotating category Visa card). (Also, it doesn't necessarily have to be Chase, if you think of another/better card then those recommendations would be greatly appreciated). If I do get denied, do you also think the reconsideration line would work if I explain about the debt management program? Or should I wait a little while longer? Along with a few other Chase 3rd Party Cards being Very Good.
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