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CSP Application Odds

New Member

CSP Application Odds

Hi guys,

 

My situation is a little bit awkward rn. My CSP (12k limit) was closed by Chase less than a month due to "short credit history" and "cannot be reopened"

My credit scores are 757 TU and  754 Equifax, four year credit depth but 1 year 11 months for average account age. Good payment history and credit card utilization but lack of number of accounts/loans etc.

I applied two AMEX in May and August and my CSP was closed in June so I am wondering what is the chance of me getting approved by CSP again?

Thanks

 

----------------------Update----------------------

I think I got blacklisted by Chase (yeah I only had that CSP for less than a month). I applied to CSP last night and got rejection when I called reconsideeration department. The guy told me the reason of denial is "previous unsatisfactory relationship with the bank". I guess big corp can do what ever they want to costumers. I am gonna stick to AMEX then. 

In June, I was traveling in Washingtong and Oregon and made regular purchases for food, gas etc. I did try to pay for a visa fee (foreigen currency) and a relatively large purchase. I got declined on both attempts so I called Chase, they just asked me random credit questions for like an hour then told me that my card would be under financial review. I got pretty mad and argued with the assistant (the guy I kept talking to was probably the third or fourth person I got connected to). I just don't know it was pure credit problem or that assistant got personal and he wrote **bleep**ty notes about me (I was aggressive but I didn't say anything inappropriate).

 

10 REPLIES
Senior Contributor

Re: CSP Application Odds


aaronchen wrote:

Hi guys,

 

My situation is a little bit awkward rn. My CSP (12k limit) was closed by Chase less than a month due to "short credit history" and "cannot be reopened"

My credit scores are 757 TU and  754 Equifax, four year credit depth but 1 year 11 months for average account length. Good payment history and credit card utilization but lack of number of accounts/loans etc.

I applied two AMEX in May and August and my CSP was closed in June so I am wondering what is the chance of me getting approved by CSP again?

Thanks


They closed your account in less than a month after approving you? For the reason of a short credit history?

 

Why would you want to go back to them? I would'nt. That would piss me off.

Your call.

 

To answer your question, I would wait a year from the time they closed your accout.

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 11/18/17** EX- 762(13) TU- 765(12) EQ- 731(14) UTI 8%- Clean Files
New Member

Re: CSP Application Odds

I apply to CSP a few weeks after I got my SSN (international student) although I have a BOA cash reward for almost four years and AMEX for 2 years. I guess just by the time they "fraud reviewed" me, they don't find all the accounts across the Bureau.

I called reconsideration to ask them to check my TU report (it was up to date) but I guess they pulled other agencies again.

Yeah it did piss me off.

Senior Contributor

Re: CSP Application Odds

I don't understand why your account would be closed for "short credit history" when it was opened under the same terms a month earlier, theoretically with 1 month less credit history.  Seems like a BS reason to me.

Valued Contributor

Re: CSP Application Odds

This is a common complaint with Chase in the past year or two, and it seems to target internationals in the few data points I've read.

 

Did you max out your card a bunch the month it was open and make a lot of huge payments?

 

This is the only thread that is an allowed link that has a similar story to yours: http://ficoforums.myfico.com/t5/Credit-Card-Applications/Chase-closed-all-my-cards-when-can-I-reappl...

FICO8FICO8Visit:
03/1710/17My 11
Rules to
Credit
Rebuilding
550EX
570TU
559EQ
710EX
699TU
734EQ
New Member

Re: CSP Application Odds

Nah I spend less than 1k in total a month on multiple cards and  I even like pay before the statement comes out lmao. Actually I applied to CSP again last night and got immediate rejection after I called them. I will update my situation in the post.

Valued Contributor

Re: CSP Application Odds

When your SSN is newer than your oldest accounts it definitely can raise some red flags.

 

Chase likes to see at least one year of solid credit history and since your SSN is new and the other cards are old, who knows how they measure it!

 

I'd say focus elsewhere for 1-2 years, maybe get another card or two from prime banks that are useful for you and then see if Chase lets you back in.

FICO8FICO8Visit:
03/1710/17My 11
Rules to
Credit
Rebuilding
550EX
570TU
559EQ
710EX
699TU
734EQ
New Member

Re: CSP Application Odds

yeah most likely. I shouldn't have applied to CSP that soon, that was on me.

Thanks!

Senior Contributor

Re: CSP Application Odds


aaronchen wrote:

yeah most likely. I shouldn't have applied to CSP that soon, that was on me.

Thanks!


I suggested waiting a year... I was being polite, I didn't want to say you will be declined.

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 11/18/17** EX- 762(13) TU- 765(12) EQ- 731(14) UTI 8%- Clean Files
New Member

Re: CSP Application Odds

Oh not all. I meant I shouldn't apply to CSP right after I got my SSN. Probably should start with freedom