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Applying for CSP? Which AU accounts to remove from CR?

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sashimimon
Established Member

Applying for CSP? Which AU accounts to remove from CR?

DH wants to apply for the CSP and wants to clean up his report before doing so because he is still an AU for 3 of his parents accounts. Here's what his report looks like:

 

  • Barclays (opened 10/20/2009) $3691/$15228 (AU)
  • Chase (opened 10/18/2000) $6504/$9000 (AU)
  • Chase (opened 12/16/2007) $18658/$31000 (AU)
  • Chase Amazon Visa (opened 4/8/2012) $281/$1500
  • Kay Jewelers (Opened 5/20/2013) $2796.74/$5100

No lates no baddies.

 

What do his odds of approval look like? I was thinking about removing both the Chase AU accounts because of the high utilities. But his Kay card is brand new and has a high utility Smiley Sad. Should he still go for it?

TU: 767 (11/04/2013) | EQ: 714 (5/13/2013) | EX: 717 (11/09/13) |

Discover $12k | Chase Freedom $5k | Citi TY Preferred $4.8k | Bofa Cash Rewards $3.9k | Cap1 Quicksilver $2k | Walmart $2k | Macys $700
Message 1 of 5
4 REPLIES 4
ezdoesit
Valued Contributor

Re: Applying for CSP? Which AU accounts to remove from CR?


@sashimimon wrote:

DH wants to apply for the CSP and wants to clean up his report before doing so because he is still an AU for 3 of his parents accounts. Here's what his report looks like:

 

  • Barclays (opened 10/20/2009) $3691/$15228 (AU)
  • Chase (opened 10/18/2000) $6504/$9000 (AU)
  • Chase (opened 12/16/2007) $18658/$31000 (AU)
  • Chase Amazon Visa (opened 4/8/2012) $281/$1500
  • Kay Jewelers (Opened 5/20/2013) $2796.74/$5100

No lates no baddies.

 

What do his odds of approval look like? I was thinking about removing both the Chase AU accounts because of the high utilities. But his Kay card is brand new and has a high utility Smiley Sad. Should he still go for it?


IMO I don't think his chances are good no matter what he does.  Chase does not factor au when approving  their cards.  Honestly looking at the au accounts his parents are not helping his credit score but help his AAOA.  He also does not have any accounts of his own with a 5k limit. 

 

Does he have a banking relationship with them?

 

He should just see if he can get a cli on his amazon to over 5k.  Then wait 6 months.

Message 2 of 5
09Lexie
Moderator Emerita

Re: Applying for CSP? Which AU accounts to remove from CR?

Although having a$5k limit is not required it makes approval easier. That being said, the util is a huge issue. Even removing the AU accounts you still have to deal with Kay's . Perhaps after he pays Kay's down, he'll get a CLI. Definitely remove him from the $9000 and $31000 cc. Depending on how much he gets his Kay's cc down will determine if he should stay on Barclays.
Message 3 of 5
sashimimon
Established Member

Re: Applying for CSP? Which AU accounts to remove from CR?

Thanks for the input. I don't know why we didn't think about getting a CLI on his Amazon! Should he ask for an increase to 5k or is that too unrealistic? Does chase usually counter offer? He always PIF if that counts for anything.

 

*edit: and he's only been banking with them for 4 months

TU: 767 (11/04/2013) | EQ: 714 (5/13/2013) | EX: 717 (11/09/13) |

Discover $12k | Chase Freedom $5k | Citi TY Preferred $4.8k | Bofa Cash Rewards $3.9k | Cap1 Quicksilver $2k | Walmart $2k | Macys $700
Message 4 of 5
09Lexie
Moderator Emerita

Re: Applying for CSP? Which AU accounts to remove from CR?

It might be a HP, I would work on Kay's first. If you app for CSP and have to recon, let them know you are willing to move some of your CL from Amazon
Message 5 of 5
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