9/17/2023 0 Comments Chase credit journey![]() ![]() This means that if you have the Chase Slate you can check your FICO score and your Vantage score at the same time and easily compare the differences between the two models.Īnd this card also provides you with a free FICO score so it’s an option to consider for checking your FICO score for free. Your score will be updated on a weekly basis but you can check it as often as possible. Also, checking your credit score will not result in a hard pull so it won’t impact your credit score at all. ![]() The VantageScore Model is pretty similar to the FICO model but it has some key differences. Here are the 3.0 factors according to Credit Karma: It uses the same FICO range of 300 to 850 for the score and stresses many of the same factors as FICO - it just gives them different weight and has some slightly different criteria for calculating them. Research and obtain professional advice regarding all credit decisions before attempting to duplicate any of the techniques described on this website.So as you can see there is a lot of overlap between the two models. Articles here are of an opinion and general nature and should not be relied upon for individual circumstances. The owner of this site is not an investment advisor, financial planner, nor a legal or tax professional. AskSebby Disclaimer: Content on AskSebby represents one individual’s experiences and viewpoints, and your experience may differ. Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. This site does not include all credit card companies or all available credit card offers. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). AskSebby is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as. I usually recommend going for the Chase Trifecta, which consists of the Chase Freedom Flex, Chase Freedom Unlimited, and the Chase Sapphire Reserve® or the Chase Sapphire Preferred® Card.Īdvertiser Disclosure: Some of the card links and other products that appear on this website are from companies which AskSebby will earn an affiliate commission or referral bonus. Wait another 3-6 months to apply again ( Phase 1 or Phase 2) Phase 3: Chase Freedom Unlimited / Chase Sapphire Preferred / Chase Sapphire Reserve / Other Chase CardsĪfter you build a relationship with Chase via the Chase Freedom Flex or Chase Freedom Unlimited card, wait 3-9 months before applying for another Chase card. The Chase Slate card can be product changed to a Chase Freedom card after a few months.Ī) if approved = move to Phase 1 or Phase 3 b) if r ejected = get 700+ score by getting a secured card or dramatically increase your credit score and have a credit history of at least 6-12 months. When you apply for the Chase Freedom and Chase Slate online on the same day, it should only be 1 inquiry. If you get rejected for the Chase Freedom card, then try applying for the Chase Slate card on the same day to combine hard inquiries. If you don't automatically get rejected for a Chase Freedom card, then call the backdoor number and talk to a credit analyst to explain your financial situation.Ī) if approved = move to Phase 3 b) if rejected = move to Phase 2 Phase 2: Apply for the Slate card There are a few scenarios: a) if approved for the Chase Freedom Unlimited or Chase Freedom Flex= move to Phase 3 b) if no answer = move to Phase 1.5 c) if rejected = move to Phase 2 61f5bc813abf69ea2dacd65f 61f5c19225301a3bde298ba6 Phase 1.5: Call the backdoor number and talk to a credit analyst Save up the Ultimate Reward points to redeem for travel when you get a premium credit card. The Chase Freedom cards are entry-level cards that earns 5% cash back on travel purchased through Chase Ultimate Rewards and 3% on drugstore purchases and dining at restaurants. Phase 1: Apply for the Chase Freedom Unlimited® or Chase Freedom Flex℠ If you're just starting out on your credit journey, then I recommend building a relationship with Chase as soon as possible to start earning points.īelow is a general roadmap of how to get approved for your first Chase credit card. It's no secret that JPMorgan Chase has some of the best credit cards out there for travel. ![]()
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