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Regular Contributor
Posts: 229
Registered: ‎02-20-2013
0

Apply CSP then Freedom?

If I apply for the CSP and get denied would I still have the option to app for the Freedom?
Chase Sapphire Preferred $17,800; Discover IT $15,000; PenFed Plat Rewards Signature $14,000; AMEX BCE $11,800; AMEX SPG $8,100; Citi Simplicity $10,000; Chase United MileagePlus Explorer $5,000; Chase Ink Classic $3,000; GE Lumber Liquidators $7000; GE Care Credit $2000
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Apply CSP then Freedom?

Yes u will still have the option. I don't think chase has a rule similar to Amex or citi in place
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).
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Apply CSP then Freedom?

However you might come off as desperate for credit with them....depending on number of inquiries and age of your accounts
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).
Regular Contributor
Posts: 229
Registered: ‎02-20-2013
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Re: Apply CSP then Freedom?

[ Edited ]
My INQ's are about 4 on each EQ and EX and all will be at least a year old in June. TU has 5, 2 from Dec/Jan.

My AAOA is 6 yrs, oldest revolving account is 17 yrs.

I plan on apping in June.
Chase Sapphire Preferred $17,800; Discover IT $15,000; PenFed Plat Rewards Signature $14,000; AMEX BCE $11,800; AMEX SPG $8,100; Citi Simplicity $10,000; Chase United MileagePlus Explorer $5,000; Chase Ink Classic $3,000; GE Lumber Liquidators $7000; GE Care Credit $2000
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Apply CSP then Freedom?

What's your util yet? Do you know your scores?

As long as you got no serious recent baddies, low util, you should be approved for both
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).
Regular Contributor
Posts: 229
Registered: ‎02-20-2013
0

Re: Apply CSP then Freedom?

No recent baddies. Last was 30 day late in June 08.

My scores are 725 EQ as of 3/14/13, 715 TU as of 3/6/13. These were when I had about 60 % UTL. Once everything reports I should have about 9% UTL and I estimate my scores will jump to 750's range.
Chase Sapphire Preferred $17,800; Discover IT $15,000; PenFed Plat Rewards Signature $14,000; AMEX BCE $11,800; AMEX SPG $8,100; Citi Simplicity $10,000; Chase United MileagePlus Explorer $5,000; Chase Ink Classic $3,000; GE Lumber Liquidators $7000; GE Care Credit $2000
Moderator
Posts: 27,206
Registered: ‎09-13-2012
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Re: Apply CSP then Freedom?

Regular Contributor
Posts: 229
Registered: ‎02-20-2013
0

Re: Apply CSP then Freedom?

My biggest concerns are "High Loan Balance to Original Balance" new mortgage from June '12 and overbalanced student loan due to deferment.
Chase Sapphire Preferred $17,800; Discover IT $15,000; PenFed Plat Rewards Signature $14,000; AMEX BCE $11,800; AMEX SPG $8,100; Citi Simplicity $10,000; Chase United MileagePlus Explorer $5,000; Chase Ink Classic $3,000; GE Lumber Liquidators $7000; GE Care Credit $2000
Moderator
Posts: 27,206
Registered: ‎09-13-2012
0

Re: Apply CSP then Freedom?

That can be explained on recon (if necessary) and most mortgages - if they are fairly new- are high loan to debt.
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