Hi guys! I’ve been learning a lot on /r/personalfinance. I got my first credit card. I’m 28, but I was surprised that my first application for a Chase Freedom Unlimited Card got accepted. I was expecting to get rejected and start with a secured card.
My credit limit is $1500.
Was I lucky? I’m not a college student anymore. Never had any loans, student debt thanks to financial aid. Nothing I’ve done for me to expect me to have a score (if any at all) that’ll get me accepted.
I had a linked debit card with my Dad at another bank that I’ve had since college. Then things happened (he took money from my account without asking, caused overdrafts, etc.) and in 2020 I changed to Chase where I’ve maintained a checking account. Currently around 15k. Just became frugal with my only “big” transaction being a transfer to my brokerage for my Roth IRA.
I don’t know if I was just lucky or if Chase saw that I maintained a high balance for over a year. Still just a little worried since I know many people got rejected by Chase for their first credit card. My parents weren’t the best at money. Back then, Mom didn’t understand credit cards and would spend a lot. My dad wasn’t any better. I have reason to believe they might’ve opened a card under my grandpa’s name (consensually, but still not responsible). I’m just afraid with their past history of not being good with money that they might’ve opened something under my name without me knowing?
I’m happy to get my first credit card with Chase! Is there a way to check my credit score to make sure my parent’s bad financial history didn’t affect me? (ex. Didn’t open a credit line under my name or something..)
I know there’s three companies (Equifax, etc.) that can check. From my understanding, I get one free check from each for a year. I’d rather not “waste” it incase I should wait for like the end of the year. What do you recommend the strategy is?
Was I lucky to get a Chase Credit Card as my first card? 28. I assumed I didn’t have a credit score or a “default score”. I don’t have anything like loans or debt that I can think of. Even at a credit limit of $1500, I feel very lucky.