CSP Odds? UPDATE: APPROVED!!!

SSA_2013 · ‎05-31-2013

After looking around at a few cards...I like the Chase Sapphire Preferred card. The issue is I'm not sure if I have a good shot at getting approved or if I should wait a bit. Any advice?

Credit Stats:

0 Negatives

7 Revolving Accounts (Highest Credit Line -$2,500. Total credit limits~$12,000. I could allocate some from a 2nd card to push it over $3,000-$4,000 but like the benefits of the 2 cards. Perhaps bumping up one card for a few months until I can request a CLI?)

Chase Freedom holder for 6 Months and a checking account holder for about 5-6 years.

Utilization is about 1%.

7 inquiries on EXP (3 are over a year old)

About 1 year and 6 months of total credit history. Average Age of Accounts( I believe around 1 year. Might be a little off)

Thanks in advance!

mcf · ‎05-31-2013

Just my 2 cents.. they like relationships.. since you already have one, why wouldnt they approve you? what are your scores? If they are decent around above 700 id say your a shoe in.

Starting Score:567Walmart TU 701, Credit Sesame 722, credit secure 701 credit karma 694Last Score: 689 TU/Walmart CK 645 Goal Score:800 CLUB
Last HP:2/2015 Util:9% CL:82KTake the myFICO Fitness Challenge

parakleet · ‎05-31-2013

Do you have any idea about your scores? Since you have a young-ish file, income will probably make a difference. Also, what's your limit on the freedom and the rest of your cards? It will be more helpful to know what type of cards you already have, their CL, in addition to the total CL.

Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+

mcf · ‎05-31-2013

LOL im a bad influence ehhh? I say go ahead and do what makes you happy, what makes your wallet feel good! If not approved there is always a recon!

Starting Score:567Walmart TU 701, Credit Sesame 722, credit secure 701 credit karma 694Last Score: 689 TU/Walmart CK 645 Goal Score:800 CLUB
Last HP:2/2015 Util:9% CL:82KTake the myFICO Fitness Challenge

myjourney · ‎05-31-2013

If scores are in the 695 range and you have a year of CC history I think you stand a 99% and I don't say that much

Good luck should you apply

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

parakleet · ‎05-31-2013

Well, I shall defer to the majority - you shouldn't have any problems with no baddies and the year of CC history. Good luck!

Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+

Creditaddict · ‎05-31-2013

Yup, I say APPLY!

NewtoCredit80 · ‎05-31-2013

I would agree with other members that you have a good chance in getting approved.
Chase values existing relationship so even if you are rejected manual recon has high chance of approval.
Best of luck. Do let us know the outcome if you app.

PNC Secured 2000 (Dec12), Chase Amazon 2000 (Apr13), CapOne Newcomer 2500 (May13), Citi dividend 3000 (May13), Discover IT 1000 (Jul13), Amex BCP 6000 (Jul13), Chase Southwest 10000 (Jul13), Chase Marriott 12000 (Oct 13), BofA Travel Rewards 5000 (Dec13)

- In garden till Dec 2014

flyingace · ‎05-31-2013

@myjourney wrote:
If scores are in the 695 range and you have a year of CC history I think you stand a 99% and I don't say that much
Good luck should you apply

LOL. That could apply to me...

But, OP best of luck!!!

mcf · ‎05-31-2013

THE SUSPENSE IS KILLIN ME!!!! Did you apply?? lol.. Im living vicariously through you young apper!!

Starting Score:567Walmart TU 701, Credit Sesame 722, credit secure 701 credit karma 694Last Score: 689 TU/Walmart CK 645 Goal Score:800 CLUB
Last HP:2/2015 Util:9% CL:82KTake the myFICO Fitness Challenge