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Should I apply for Chase Sapphire Preferred?

Established Member

Should I apply for Chase Sapphire Preferred?

Hello (first post),

 

 

I wanted to get your opinion on if I should apply for the Chase Sapphire Preferred.

 

 

Info:

 

Income: 15k + 36k cap gains +$ 5500 college scholarship (application specialist said I could add include this)

CS- Transunion: 739, EQX- 733

I'm also a Chase Private Client (Idk if that helps)

 

Credit Card Limits: Discover (authorized user) $2500, Capital One (authorized user) $750, Capital One (my first card) $1000. I don't know if authorized user goes towards Chase's "5/24" rule

Message 1 of 26
25 REPLIES
Valued Contributor

Re: Should I apply for Chase Sapphire Preferred?

With Chase it helps to have a banking relationship with them and the fact you're a CPC only aids that. My only concerns are 1) your scores and 2) your cards.

 

I'm assuming you got those scores from Credit Karma since it's only TU and EQ? I would make sure to get your FICO 08 scores first before anything else. Get at least a free EX score check from creditscore.com to at least have an idea where you stand or CreditCheckTotal for a free trial to get all 3 scores (makes sure to cancel before trial ends). With the cards Chase likes to see customers have experience with higher limits since CSP is a 5k minimum.

 

Having said all that I think your CPC status with Chase will probably override all that IMO. It probably wouldn't hurt to go to a local branch if you can to find out. If you're over 21 check them for preapproved offers as well along with the website.

FICO 08 Scores (Dec-17): TU 786, EQ 780, EX 781

Message 2 of 26
Senior Contributor

Re: Should I apply for Chase Sapphire Preferred?

I would say you will be declined. You only have 1 card you own. AU on the rest.

Maybe, just maybe try the Freedom.
NFCU Platinum $7300- AMEX BCP $9000- PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- Care Credit $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20500- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 1/12/18** EX- 751(15) TU- 761(14) EQ- 732(15) UTI 9%- Clean Files
Message 3 of 26
Senior Contributor

Re: Should I apply for Chase Sapphire Preferred?

BTW, a moderator will most likely move this to the credit card forum. This is the approval forum. You have not applied or been approved.

NFCU Platinum $7300- AMEX BCP $9000- PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- Care Credit $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20500- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 1/12/18** EX- 751(15) TU- 761(14) EQ- 732(15) UTI 9%- Clean Files
Message 4 of 26
Valued Contributor

Re: Should I apply for Chase Sapphire Preferred?

Go for it!

 

Image result for bank of america cash rewards
Message 5 of 26
Established Member

Re: Should I apply for Chase Sapphire Preferred?

Would it be easier to get Chase Freedom or Chase Freedom Unlimited?

Message 6 of 26
Frequent Contributor

Re: Should I apply for Chase Sapphire Preferred?

Yes a freedom or freedom unlimited would be easier to get.
Message 7 of 26
Valued Contributor

Re: Should I apply for Chase Sapphire Preferred?

Sign up for Chase Credit Journey. It's free. They give you a useless fako credit score monthly but they also do pre-qualified offers on there which appear to be pretty strong for people who apply through them when and if they pop up.

Also try Chase's website which has a pre-qualification form. Try it.
Message 8 of 26
New Contributor

Re: Should I apply for Chase Sapphire Preferred?

I'm going to say declined and a inhad several reps tell me that AU count towards the 5/24
8/16/2017~~ EQ:689 TU: 676 EX:706
09/17/2017~~EQ:692 TU: 679 EX:706
Message 9 of 26
Established Contributor

Re: Should I apply for Chase Sapphire Preferred?

having $ means zero in getting plastic.  does your cpc show a pre-qual?  as soon as you get the screen that is when you jump imo

Message 10 of 26