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Established Contributor
Shock
Posts: 610
Registered: ‎08-07-2013
0

CSP Odds

[ Edited ]

Sorry, another one of these threads I know..but I need the advice!

 

Inquiries: EX 7 EQ 8 TU 1

 

1 in the last 6 months on EX (2/2014)

 

Income. Will probably list 60k. Not sure how much this matters as my friend got a 12k CSP on 12k income. Though his internal score is probably very high.

 

All major derogs will be gone by February 2015. Only thing left will be 2 30 day lates and 1 60 day. Paid collection falling off this month (TU) and already off EX and EQ.

 

I want to get a high starting limit, and then reallocate it after a year to my Freedom, or Freedom and my Amazon, if I decide to keep it. Basically doing it for sign up bonus.

 

Thoughts?

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Epic Contributor
Creditaddict
Posts: 20,838
Registered: ‎10-23-2007
0

Re: CSP Odds


Shock wrote:

Sorry, another one of these threads I know..but I need the advice!

 

Inquiries: EX 7 EQ 8 TU 1

 

1 in the last 6 months on EX (2/2014)

 

Income. Will probably list 60k. Not sure how much this matters as my friend got a 12k CSP on 12k income. Though his internal score is probably very high.

 

All major derogs will be gone by February 2015. Only thing left will be 2 30 day lates and 1 60 day. Paid collection falling off this month (TU) and already off EX and EQ.

 

I want to get a high starting limit, and then reallocate it after a year to my Freedom, or Freedom and my Amazon, if I decide to keep it. Basically doing it for sign up bonus.

 

Thoughts?


80%+ since your current cardholder

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
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Established Contributor
Shock
Posts: 610
Registered: ‎08-07-2013
0

Re: CSP Odds


Creditaddict wrote:

80%+ since your current cardholder


You think it's that high? Is this percentage for instant approval or recon? My income is going to be a little exaggerated. Will this matter if I have to recon? 

 

I want to wait until my AMEX reports the updated CL and until the quarter is over. I'm going to be milking the 5% on restaurants where a good portion of my spends go!

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Senior Contributor
B335is
Posts: 4,138
Registered: ‎09-22-2012
0

Re: CSP Odds

I think you have a good chance. Chase takes existing relationship into account and in my experience their AF cards have been easier for approval than non-AF.
Senior Contributor
B335is
Posts: 4,138
Registered: ‎09-22-2012
0

Re: CSP Odds

What do you mean by exaggerated income?
Senior Contributor
yudeology101
Posts: 4,652
Registered: ‎06-21-2012
0

Re: CSP Odds


Shock wrote:

Sorry, another one of these threads I know..but I need the advice!

 

Inquiries: EX 7 EQ 8 TU 1

 

1 in the last 6 months on EX (2/2014)

 

Income. Will probably list 60k. Not sure how much this matters as my friend got a 12k CSP on 12k income. Though his internal score is probably very high.

 

All major derogs will be gone by February 2015. Only thing left will be 2 30 day lates and 1 60 day. Paid collection falling off this month (TU) and already off EX and EQ.

 

I want to get a high starting limit, and then reallocate it after a year to my Freedom, or Freedom and my Amazon, if I decide to keep it. Basically doing it for sign up bonus.

 

Thoughts?


Based on your profile, I, too, think that you have a pretty good chance.  However, what's your actual income?  Don't exaggerate about your income just to be approved for the card if your income is not $60k, because that's straight up lying.  It doesn't matter if your friend got approved for $12k w/ 12k income, that's your friend..not you. 

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +13more
Scores: EQ:671 (FICO 11) EX:686 (FICO N/C) TU:686 (FICO N/C) *8-5-14*
Overall UTIL: 14% *Gardening Since: 9/12/14*
------------------------------------------------------------
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Moderator
09Lexie
Posts: 25,865
Registered: ‎09-13-2012
0

Re: CSP Odds


Shock wrote:

Creditaddict wrote:

80%+ since your current cardholder


You think it's that high? Is this percentage for instant approval or recon? My income is going to be a little exaggerated. Will this matter if I have to recon? 

 

I want to wait until my AMEX reports the updated CL and until the quarter is over. I'm going to be milking the 5% on restaurants where a good portion of my spends go!


Do you mine elaborating?

Established Contributor
Shock
Posts: 610
Registered: ‎08-07-2013
0

Re: CSP Odds

As in...I will put 60k, but on my Freedom app, I put 40k

 


09Lexie wrote:

   Do you mine elaborating?




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Established Contributor
Shock
Posts: 610
Registered: ‎08-07-2013
0

Re: CSP Odds


B335is wrote:
I think you have a good chance. Chase takes existing relationship into account and in my experience their AF cards have been easier for approval than non-AF.

So you think I have a good chance, but it's going to be harder because the CSP has an annuel fee?

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Established Contributor
Shock
Posts: 610
Registered: ‎08-07-2013
0

Re: CSP Odds

Thank you for the responses. Do my scores and inquiries look okay?

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