Reply
Established Member
Topher227
Posts: 22
Registered: ‎03-22-2012

Chase Sapphire Preferred APPROVED!

Hey guys! 2nd post here, been a long time lurker here... 

 

I've had a Chase Slate card since 2007, and a Freedom card which I got last month (3k CL). I really like the Freedom card because of the 5% cash back benefit, as well as the bonus points you can get from their online store (12 points for $1 at Resturant.com?? count me in!!!). The slate card has very little use to me as there are no rewards.

 

I do some traveling from time to time and noticed that the Sapphire card had no foreign transaction fees.... So i called Chase CS and spoke with a representive (in india) who told me there was just no way I could be PC'd to a sapphire card. I asked to speak to a supervisor and spoke with a gentleman (who was in the US) and was extremely down to earth. He said there was no way he could PC it, but he highly recommended to me that I put in a second app. I said that I had just placed another app last month for the freedom card, but he strongly encouraged me to try anyway and that "All applications can be reconsidered manually by our credit team if they are declined". He also told me about the 40,000 bonus points and said, with a snicker... "If we keep handing out money like this, I wonder when they're going to start laying people off around here". He was genuine, and i liked that. Even if it was a sales pitch, he surely knew how to make it not sound like one.

 

So, I ended the call and app'd for the CSP on Thursday. I got the "30 days" message. The next day, I called and spoke with a woman who took a look at the app.... she said that all of my available credit lines were low and she wasn't too confident about an approval. I said I was willing to work with Chase in any way possible for an approval. She placed me on hold and came back saying that she could close my chase card and put the available credit ($1,500) towards the CSP -- it wouldn't be a guaranteed approval, but it would give me a very good chance. She also said there was a balance on the card ($300), and I would need to pay it in full first. After that call I went online and paid the entire balance. It posted on Saturday morning.

 

I called in Sat morning and spoke with a gentleman. After explaining the last few conversations to him he placed me on hold for about 30 seconds and came back telling me I was approved, with a $5k credit access line. After that call I tried the automated status line and it was in there too! 5K! I should be getting my card within a week...... I'm really excited!!!!!!!

 

I am very surprised I was approved with my credit scores, but i'm very happy with the outcome!! I am also very pleased with the quality of the customer service.....

 

Now, back to gardening! :smileywink:

April 2011 -- EQ: 593, EX: 603, TU: 619
April 2012 -- EQ: 699, EX: ???, TU: 714
May 2012 -- MyFico EQ: 743
July 2012 -- MyFico EQ: 760!!!
Wallet: Chase Sapphire Preferred: $5K CL, AMEX BCP: 1k CL, Chase Freedom: 3k CL, Sams Club Private Label: $5k CL, BofA 1-2-3: 5k CL
Sock Drawer: Cap1 Platinum, 1FBUSA
Established Contributor
mAndrew1980
Posts: 707
Registered: ‎08-26-2011

Re: Chase Sapphire Preferred APPROVED!

Yay! Congrats! That is such an awesome card. I wanted to App for it so badly but was scared I'd get denied. So I got the Chase United Mileage Plus but the Saphire is an amazing card.

Transunion: 713 FICO (5/13/2014) MyFico
Experian: 789 FICO (4/10/12) Lender Pull
Equifax: 695 FICO (1/10/14) MyFico

My cards: Chase United Mileage Plus 7000CL (3/12), CITI Simplicity 1800CL (9/12), Cap1 Platinum 1000CL (2/10), Cap1 Cash back 1500CL (11/11), Apple Barclay's 2500CL (11/11), Discover IT 6000CL (5/13)

My Primary Financial Goal is to put down my utl%.



Valued Member
0livetree
Posts: 40
Registered: ‎07-30-2007

Re: Chase Sapphire Preferred APPROVED!

Congrats! I love the CSP!

Date: 3/28/12*TU 692 FICO*EQ 681 FICO*EX 675 FICO Through lender*

Date: 08/31/2011 *TU 682 FICO * EQ 685 FICO * EX 658 FICO Through lender*
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Chase Sapphire Preferred APPROVED!


Topher227 wrote:

Hey guys! 2nd post here, been a long time lurker here... 

 

I've had a Chase Slate card since 2007, and a Freedom card which I got last month (3k CL). I really like the Freedom card because of the 5% cash back benefit, as well as the bonus points you can get from their online store (12 points for $1 at Resturant.com?? count me in!!!). The slate card has very little use to me as there are no rewards.

 

I do some traveling from time to time and noticed that the Sapphire card had no foreign transaction fees.... So i called Chase CS and spoke with a representive (in india) who told me there was just no way I could be PC'd to a sapphire card. I asked to speak to a supervisor and spoke with a gentleman (who was in the US) and was extremely down to earth. He said there was no way he could PC it, but he highly recommended to me that I put in a second app. I said that I had just placed another app last month for the freedom card, but he strongly encouraged me to try anyway and that "All applications can be reconsidered manually by our credit team if they are declined". He also told me about the 40,000 bonus points and said, with a snicker... "If we keep handing out money like this, I wonder when they're going to start laying people off around here". He was genuine, and i liked that. Even if it was a sales pitch, he surely knew how to make it not sound like one.

 

So, I ended the call and app'd for the CSP on Thursday. I got the "30 days" message. The next day, I called and spoke with a woman who took a look at the app.... she said that all of my available credit lines were low and she wasn't too confident about an approval. I said I was willing to work with Chase in any way possible for an approval. She placed me on hold and came back saying that she could close my chase card and put the available credit ($1,500) towards the CSP -- it wouldn't be a guaranteed approval, but it would give me a very good chance. She also said there was a balance on the card ($300), and I would need to pay it in full first. After that call I went online and paid the entire balance. It posted on Saturday morning.

 

I called in Sat morning and spoke with a gentleman. After explaining the last few conversations to him he placed me on hold for about 30 seconds and came back telling me I was approved, with a $5k credit access line. After that call I tried the automated status line and it was in there too! 5K! I should be getting my card within a week...... I'm really excited!!!!!!!

 

I am very surprised I was approved with my credit scores, but i'm very happy with the outcome!! I am also very pleased with the quality of the customer service.....

 

Now, back to gardening! :smileywink:


CONGRATS!!!!!

 

HAPPY DANCE!!!!

 





Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Contributor
Eschaton
Posts: 103
Registered: ‎02-08-2012

Re: Chase Sapphire Preferred APPROVED!

Very good to hear!

 

Sounds like a lot of effort on your part to make it happen, glad to hear it was a success :smileyhappy: 

 

Congratulations!

Capital One Journey (12/2010) | Chase Freedom (03/2012) | American Express Zync (03/2012)

Gardening since 03/2012
Experian score: 728
Frequent Contributor
snowangel
Posts: 291
Registered: ‎07-29-2011

Re: Chase Sapphire Preferred APPROVED!

Congrats.  That's the next card on my list but I'm holding off for awhile.  Too many inqs and new accounts for them to approve me.  



EQ: 662 | TU: 682 | EX Plus: 764
SL baddies fall off between Jan '13 - Oct '14
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

Re: Chase Sapphire Preferred APPROVED!

Congrats! That 30-day message had me on pins and needles. I thought for sure it was a denial, but they surprised me, too. (Just got Freedom.)

 

So, did you close your Slate and move the $1500 to your CSP? Or did they just approve your CSP outright? I wonder if it's just up to the person you talk to on the phone. Maybe the first woman was a little more conservative and the guy wasn't? Or maybe making the $300 payment made a difference. In any case, congrats and enjoy your card! :smileyhappy:

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Established Member
Topher227
Posts: 22
Registered: ‎03-22-2012

Re: Chase Sapphire Preferred APPROVED!

Thank you for your kind words everyone!!

 

Eschaton, one thing i've learned from reading this board would be "If you don't suceed the first time.... try again!"...... it worked in my situation, and I hope that any newcomers know to do the same!

April 2011 -- EQ: 593, EX: 603, TU: 619
April 2012 -- EQ: 699, EX: ???, TU: 714
May 2012 -- MyFico EQ: 743
July 2012 -- MyFico EQ: 760!!!
Wallet: Chase Sapphire Preferred: $5K CL, AMEX BCP: 1k CL, Chase Freedom: 3k CL, Sams Club Private Label: $5k CL, BofA 1-2-3: 5k CL
Sock Drawer: Cap1 Platinum, 1FBUSA
Established Member
Topher227
Posts: 22
Registered: ‎03-22-2012

Re: Chase Sapphire Preferred APPROVED!

They closed the slate account completely and used that credit line towards the CSP from what they told me.... Maybe the PIF payment helped too, but as always im sure YMMV

April 2011 -- EQ: 593, EX: 603, TU: 619
April 2012 -- EQ: 699, EX: ???, TU: 714
May 2012 -- MyFico EQ: 743
July 2012 -- MyFico EQ: 760!!!
Wallet: Chase Sapphire Preferred: $5K CL, AMEX BCP: 1k CL, Chase Freedom: 3k CL, Sams Club Private Label: $5k CL, BofA 1-2-3: 5k CL
Sock Drawer: Cap1 Platinum, 1FBUSA
Senior Contributor
Open123
Posts: 3,968
Registered: ‎02-23-2011

Re: Chase Sapphire Preferred APPROVED!

Congrats!

 

In my view, the CSP is one of the top 3 overall credit cards available.  After a few weeks and learning more of the card, I've decided the card is a keeper.  The annual fee is well worth it, in my view.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+