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Regular Contributor
altayar
Posts: 248
Registered: ‎08-19-2010
0

CSP ... odds of approval?

So I've been wanting to get this card for a long time. I currently have 7 CC's open (most I opened this year). My current utilization is %41.

My credit score is in mid 600's I think. What are the odds of me being approved for the CSP? I should mention that I have 2 CC's with Chase right now.

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: CSP ... odds of approval?

[ Edited ]

altayar wrote:

So I've been wanting to get this card for a long time. I currently have 7 CC's open (most I opened this year). My current utilization is %41.

My credit score is in mid 600's I think. What are the odds of me being approved for the CSP? I should mention that I have 2 CC's with Chase right now.


at 41% and bunch of inquiries this year I'd say 10% chance of success if that. generally CSP is reserved for 700+ scores. There are few people who claim they got it with scores much lower on whogavemecredit.com , but since those are primarily FAKO scores we don't know how reliable those numbers are.

 

Using Fico scores on creditboards credit pull database only two people recieved the card under 700 and they had 12+ year history with Chase or had a  698 with income of 150k+ a year.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
YahComb
Posts: 599
Registered: ‎03-10-2012
0

Re: CSP ... odds of approval?

utilization and new accounts are probably your biggest issue. as long as your income is fairly decent (ie you dont need to be making way over 50k) and you have a score close to 700, low utilization, and a clean report(including not too many new inqs and accounts) you stand a pretty good shot. decent sized credit lines also help(because of the 5K minimum credit limit). Pre-existing banking relationship may or may not be much of a big help.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Valued Contributor
rootpooty
Posts: 1,772
Registered: ‎10-28-2011
0

Re: CSP ... odds of approval?


distantarray wrote:

altayar wrote:

So I've been wanting to get this card for a long time. I currently have 7 CC's open (most I opened this year). My current utilization is %41.

My credit score is in mid 600's I think. What are the odds of me being approved for the CSP? I should mention that I have 2 CC's with Chase right now.


at 41% and bunch of inquiries this year I'd say 10% chance of success if that. generally CSP is reserved for 700+ scores. There are few people who claim they got it with scores much lower on whogavemecredit.com , but since those are primarily FAKO scores we don't know how reliable those numbers are.

 

Using Fico scores on creditboards credit pull database only two people recieved the card under 700 and they had 12+ year history with Chase or had a  698 with income of 150k+ a year.


agreed

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On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club

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