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Chase Sapphire Preferred Approve

New Member

Chase Sapphire Preferred Approve

Hey guys,

 

I just graduated college and started working full time about a month ago making 55k/yr. I have a BOA credit card $3000 CL utilizing about 39% of it, have had it almost 2 years and have never missed a payment, always paying more than the minimum due each month. I also have 47k in student loan debt, lease a car, and have no rent/ mortgage. 

 

I love everything about the Chase Sapphire Preferred card... 2x points at restaurants/ bars, 3x points first Friday of each month, no foreign transaction fees, etc. It's the perfect card for my lifestyle. I want to know if you guys think I will get approved or your thoughts.

 

Thanks for your help!

 

- Jason

Message 1 of 13
12 REPLIES
Moderator Emerita

Re: Chase Sapphire Preferred Approve

Welcome to the forum! Do you happen to know your CS?
Message 2 of 13
New Member

Re: Chase Sapphire Preferred Approve

Thanks for quick response,

 

Yes - credit karma is stating I have a CS of 715. I can also get my utilization down to 1% or whatever percent they recommend before applying.

 

 

Message 3 of 13
Moderator Emerita

Re: Chase Sapphire Preferred Approve

Credit Karma is a FAKO. Although Chase will use an internal score its always wise to know what's on your cr before applying. Your chances will be much better with a lower util.
Message 4 of 13
Frequent Contributor

Re: Chase Sapphire Preferred Approve

Chase likes low util so getting util below 10% is important. Start with Chase freedom and 3 months after that apply for csp.


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
Message 5 of 13
Valued Member

Re: Chase Sapphire Preferred Approve

do you have any other chase cards? i am guessing no. i had a chase card (originally WAMU that became chase 2 years ago) and one of the new features they added is "check for pre-approval" and when I checked, it said i can get CSP. i do have some good history with Chase by that time - so I got that card. i am not sure if anyone without a chase card can check for these pre-approvals .. if they show you all three (Slate, freedom and CSP), then you are okay for CSP. if not, starting with Slate or Freedom is better - as suggested earlier here. just my 0.02 

 

good luck.



Starting Score:~ 600 all 3 in 2005 - Last App: TU- June 2013; EQFX - May 2014; EXP - Oct 2014;
Current Score: Dec 2014 - EXP: FNBO-778/900; PremierCreditManager-746/850; CreditSecure-746/850; IdentityGuard-729/850;
EQFX: DCU-723/830; CreditSecure-734/850;
TU: WM-734/850; TUonline-809/990; CKarma-749; Discover-745/850; CapOne-724/850; CSecure-769/850;
Goal Score: > 800 all 3

App-Free Target Date:> JAN 2014 (6 months)
Message 6 of 13
Established Contributor

Re: Chase Sapphire Preferred Approve

Getting your UTL lower will def help you out. What is your credit history like? How long have you been building credit? From what I heard, Chase also like to see a history of managing credit. Whats your AAoA like?

Bank of America Cash Rewards Visa Sig-15k
Chase Sapphire Reserve Visa Infinite-10k
Chase Freedom-4k
1st Financial Bank USA-11.4k
USAA Amex-7.5k
USAA Visa Sig-7k
Citi Thank you Preferred-4.8k
Citi Diamond-2k
Amex Gold-NPSL

FICO8-11/2017
EX: 737
EQ: 722
TU: 735
Message 7 of 13
Established Contributor

Re: Chase Sapphire Preferred Approve

Welcome to the forum btw!

Bank of America Cash Rewards Visa Sig-15k
Chase Sapphire Reserve Visa Infinite-10k
Chase Freedom-4k
1st Financial Bank USA-11.4k
USAA Amex-7.5k
USAA Visa Sig-7k
Citi Thank you Preferred-4.8k
Citi Diamond-2k
Amex Gold-NPSL

FICO8-11/2017
EX: 737
EQ: 722
TU: 735
Message 8 of 13
New Member

Re: Chase Sapphire Preferred Approve

Thanks!

 

I can definitely get my UTL down to 1 percent before I apply so that's good. I'm fairly new to credit having opened my first student loan account about 5 years ago and my first revolving credit card account 1 year and 10 months ago.

 

Credit Karma AAoA:

 

Average Account Age3Yrs 4Mos

Oldest Open Account4 Yrs 10 Mos

Newest Open Account1 Yr 10 Mos

Message 9 of 13
Frequent Contributor

Re: Chase Sapphire Preferred Approve

You have a very good chance of approval. You could consider discover also which I plan to apply by year end.


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
Message 10 of 13