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CSP Approved!

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withaspark
Contributor
‎05-04-2013 09:37 AM
‎05-04-2013 09:37 AM

Re: CSP Approved!

@shanac wrote:
I'm confused. Is the CSP a NPSL card or a card that has a limit? Just read the following on creditcardforum:

NO PRE-SET LIMIT– There's no preset limit, giving you ultimate flexibility with your spending.

NPSL (no pre-set limit) means that if you should charge more than your revolving limit, transactions will be approved/denied on a case-by-case basis. However, even if they approve charges that allow your balance to exceed your limit, you will not be allowed to carry a balance greater than your limit...hence why it is frequently more eloquently referred to as your revolving limit for NPSL cards. You get assigned a limit...it's just a limit they they may let you exceed as long as you pay it back during your grace period.

Message 11 of 17
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withaspark
Contributor
‎05-04-2013 09:38 AM
‎05-04-2013 09:38 AM

Re: CSP Approved!

Congratulations, OP!...be prepared for everyone to comment on it...

Message 12 of 17
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jamesdwi
Valued Contributor
‎05-04-2013 09:48 AM
‎05-04-2013 09:48 AM

Re: CSP Approved!

The card has a limit, but since its a signature card you are allowed to go over the limit, but any amount over the limit is due on your next statement plus the normal minimum payment.

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k
Message 13 of 17
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shanac
Frequent Contributor
‎05-04-2013 11:18 AM
‎05-04-2013 11:18 AM

Re: CSP Approved!

Thanks for the explanations!

iPhone. iTypos. iApologize

Current Score: EQ FICO 764 TU FICO 776 EX FICO 753
Goal Score: 800
Message 14 of 17
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09Lexie
Moderator Emerita
‎05-04-2013 11:20 AM
‎05-04-2013 11:20 AM

Re: CSP Approved!

Congrats!

Closing Credit Cards

The Definitive Amex 3X CLI Guide

Frequently Requested Threads
Message 15 of 17
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kevinjjc
Valued Contributor
‎05-04-2013 11:49 AM
‎05-04-2013 11:49 AM

Re: CSP Approved!

Big congrats! Once your new 5k CSP reports (or maybe wait 6 months or so), consider app'ing for a Discover It card. You can get $50 with a referral.

Message 16 of 17
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enharu
Super Contributor
‎05-04-2013 02:18 PM
‎05-04-2013 02:18 PM

Re: CSP Approved!

Grats!
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Message 17 of 17
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