topic Re: Chase Sapphire - Still Being Reviewed? in Credit Cards

Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Sun, 18 Nov 2012 04:57:57 GMT

Hey guys

So two days ago (when I thought I would be going on vacation in the near future) I applied for the Chase Sapphire card for the 10,000 sign-up bonus. Though I know the Chase Sapphire Preferred is the better deal, I really can't forsee me spending $3000 in the first 3 months, or willing myself to spend it on gift cards i'll "eventually" use. Plus I don't want to go through the whole rigamoro of downgrading/cancelling the card to avoid the annual fee. I already have a Chase Freedom with some UR points so that's the reason why I decided to go for the Sapphire. I've been wanting a real travel card anyways! Even if I get declined, I've secretly been wanting the Capital One VentureOne, so it's not the biggest deal in the world!

After applying, I received the "your application must be further reviewed..." and calling so far to check the automated status gives me the same thing, you're being reviewed, you'll get a response in approximately 2 weeks.

Anyone have any advice/input on whether or not I'll be approved? My signature has my cards so far. Here's also some additional info:

AAoA 1 year 7 months

Oldest Account 2 years 5 months

Utilization 4%

Likely pulled Experian, 4 credit inquiries, 2 recently from August

100% Payment History, no baddies

Also have a Student loan at about $14,500, deferred

Annual Income $116,400

Re: Chase Sapphire - Still Being Reviewed?

navigatethis12 — Sun, 18 Nov 2012 05:01:51 GMT

I reckon you will get it since your file and income are decent. Having a card with them for a year will also help you in getting the approval. In my experience, whenver the status line gives the "in two weeks" line, it means you will be approved. You could try ringing them to have the application processed in real time, but you should have nothing be concerned about.

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Sun, 18 Nov 2012 05:05:57 GMT

I've been reading the forums and seen this concensus, but still wasn't sure since a lot of the approvals were usually from people with much longer credit histories, though varying "baddies" (e.g. too many cards from Chase, previous late payments, large number of credit inquiries). Also have seen the few and far between with people with 800's getting denied, but I'm sure if they recon'd could've got it. So thanks!

Re: Chase Sapphire - Still Being Reviewed?

koalablue — Sun, 18 Nov 2012 05:38:47 GMT

Sounds like you'll be approved. If you don't hear anything in another two days or so, try one more call. I got a 7 to 10 day message, called after 3 or 4 days, and while the initial rep I spoke to didn't have an answer, she transferred me to a very nice guy who asked a few questions, then put me on hold, then said I was approved. Best of luck.

Re: Chase Sapphire - Still Being Reviewed?

trumpet-205 — Sun, 18 Nov 2012 06:40:13 GMT

You might have already maxed out Chase's internal limit. Chase considers the total amount of credit you have with them, not per account basis. You already have $7,000 Chase Freedom in your hand. It is possible that Chase does not feel comfortable extending any more credit to you.

Call the backdoor number. If needed offer to transfer a portion of CL from Freedom to Sapphire.

Saphhire is not a travel card (3% FTF and no bonus spending on travel). BofA Travel Rewards will be better than VentureOne, since former has EMV and better reward payout (3X if buying tickets through BofA, 1.5X otherwise).

Re: Chase Sapphire - Still Being Reviewed?

YahComb — Sun, 18 Nov 2012 13:09:54 GMT

When i got the two weeks message, i called the recon backdoor, they told me i needed to call verification.

You will probably get offers to upgrade to Csp with the first year af waived. Id consider building up points and then making the switch to try out csp for a year.

Re: Chase Sapphire - Still Being Reviewed?

toful — Sun, 18 Nov 2012 14:13:53 GMT

Adding on to the discussion, I just applied for the preferred and also got the two weeks message

Utilization: 3%

AAoA: 8 mo

Income: 57K

Oldest Account: 1 Yr 8 Mo

Paying Car loan since May 12

100% on time

5 inq, recent card on 10/1

Here's to both of us making it in!

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Sun, 18 Nov 2012 17:03:57 GMT

Best of luck, toful! Just called the auto app line again, still same message :( then again it is a Sunday!

Re: Chase Sapphire - Still Being Reviewed?

trumpet-205 — Sun, 18 Nov 2012 17:11:13 GMT

daybreakgonesXe wrote:
Best of luck, toful! Just called the auto app line again, still same message :( then again it is a Sunday!

Call the backdoor number. There is no point to call the status line. Chase usually denies people if you don't talk to its credit analyst.

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Sun, 18 Nov 2012 17:24:47 GMT

I was going to, but since I'm not going on vacation in the near future I don't mind one way or another if it gets approved or declined whilst in purgatory, especially since I wanted the Capital One VentureOne instead for no annual fee travel. Was just wondering what the chances were! I actually planned on gardening for a while until a majority of my inquiries drop off! Thank you though!

Re: Chase Sapphire - Still Being Reviewed?

toful — Sun, 18 Nov 2012 21:00:25 GMT

Have you checked your Chase account? I just did and even though I haven't gotten an approval, a Chase Sapphire credit card account is showing up when I login. Does this mean I was approved?! I sure hope so :D

Re: Chase Sapphire - Still Being Reviewed?

toful — Sun, 18 Nov 2012 21:06:47 GMT

I called the status line to check and I was approved for $5K. Best of luck to you! You definitely have a more credit worthy history than me, you should definitely be getting it!

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Sun, 18 Nov 2012 21:25:18 GMT

Congrats toful! No luck yet :( just called and logged into my Chase account, nada! Will keep checking!

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Mon, 19 Nov 2012 19:53:36 GMT

Still waiting and seeing! To all the people who have done the sit and wait method: how long did you wait? Did you receive a denial, or receive any paperwork that you had to send in? What did this paperwork consist of? Or did it just take a really long time for them to say "approved"! I also think it doesn't help that I'm not currently at my home address and landline, and won't be until late tuesday night/early wednesday morning!

Yes, I know I could call in to get a response and expedite the process. Yes, I know it'll save me a lot of worrying. I just don't mind one way or another how it goes, and besides, I'd like to see what the "wait and see" method entails! Likely can write a thread/blog on how that works, since there are tons of recon ones already!

Re: Chase Sapphire - Still Being Reviewed?

trumpet-205 — Mon, 19 Nov 2012 23:37:10 GMT

Well, after reading your post I decided to app Chase Sapphire to replace my Citi Forward. Although Citi Forward is a better card in every way (better reward and constant 0% offer), I want to consolidate some of my CCs to Chase.

I got the 5-7 days messages and called in using the backdoor number. Approved once analyst reviewed my application for $5,000.

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Tue, 20 Nov 2012 00:18:23 GMT

That's great! I'm really interested to see what happens to people who call in to check status and answer simple questions vs. denial then recon vs. sit and waits! Let's see what happens!

Congrats on your new card :3

Re: Chase Sapphire - Still Being Reviewed?

distantarray — Tue, 20 Nov 2012 02:37:05 GMT

Something doesn't add up, your planning a trip soon, and it's the holiday season.... I make half of what you make a year and can EASILY spend $3,000 in 3 months.... That's only $250 a week, with a annual income over 100k just gas, groceries, and eating out a couple times week would more than hit 3k in 3months for the bonus?? also the Freedom points you have saved transferred over will get 25% more points off the CSP. It's a no brainer imo that you should opt for the CSP instead.

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Tue, 20 Nov 2012 06:22:27 GMT

@distantarray ehh yeah i guess you're right...i guess i'm not thinking straight...i'm usually a frugal person but with groceries gas and of course the holidays and other stuff etc. i can work my way to $3,000 in 3 months :P i'm also not planning on going on vaca as I believed I would, but since the points don't expire I could always use them toward conference travel for Jan 2014 or last minute plans!

too late now! regular sapphire is already in the works. i think once my inqs age in EX i may give CSP it a whirl! thanks for your input :)

Re: Chase Sapphire - Still Being Reviewed?

distantarray — Tue, 20 Nov 2012 06:29:29 GMT

daybreakgonesXe wrote:
@distantarray ehh yeah i guess you're right...i guess i'm not thinking straight...i'm usually a frugal person but with groceries gas and of course the holidays and other stuff etc. i can work my way to $3,000 in 3 months :P i'm also not planning on going on vaca as I believed I would, but since the points don't expire I could always use them toward conference travel for Jan 2014 or last minute plans!

too late now! regular sapphire is already in the works. i think once my inqs age in EX i may give CSP it a whirl! thanks for your input :)

not too late to pc it once approved :p

Re: Chase Sapphire - Still Being Reviewed?

daybreakgonesXe — Tue, 20 Nov 2012 06:30:39 GMT

distantarray wrote:
daybreakgonesXe wrote:
@distantarray ehh yeah i guess you're right...i guess i'm not thinking straight...i'm usually a frugal person but with groceries gas and of course the holidays and other stuff etc. i can work my way to $3,000 in 3 months :P i'm also not planning on going on vaca as I believed I would, but since the points don't expire I could always use them toward conference travel for Jan 2014 or last minute plans!

too late now! regular sapphire is already in the works. i think once my inqs age in EX i may give CSP it a whirl! thanks for your input :)
not too late to pc it once approved :p

Very true! Hopefully they'll give me the sweet sign up bonus too :P