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CSP question

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SchickHydro
New Member

CSP question

I've heard that having other cards with a 5k+ limit will give you a better chance on getting the CSP. I just recently got the 3x CLI on my AMEX BCP, making it 6k. Should I wait until my statement has posted so that it is reported to the bureau that my limit has increased?

Message 1 of 17
16 REPLIES 16
improvingmycredit
Valued Contributor

Re: CSP question


@SchickHydro wrote:

I've heard that having other cards with a 5k+ limit will give you a better chance on getting the CSP. I just recently got the 3x CLI on my AMEX BCP, making it 6k. Should I wait until my statement has posted so that it is reported to the bureau that my limit has increased?


Hey SchickHydro!

Welcome to the forums!

Yes, you should wait till the new CL post.  The old limit of 2K will still be showing till the next statement cut and reporting there of.

Good Luck with your app!

 

After thought:  If you tell us a bit about your credit profile, we will have a better idea of your possible app results for the CSP.  Smiley Happy


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 2 of 17
SchickHydro
New Member

Re: CSP question

AAoA: 1 year 2 mos

Citi Platinum Select: $5800 limit

Chase Freedom: $500 limit

Discover: $2250 limit

AMEX BCP: $6000 limit

 

3 inquiries, utilization < 12%

 

$3500 in student loans

$30k income

Message 3 of 17
improvingmycredit
Valued Contributor

Re: CSP question


@SchickHydro wrote:

AAoA: 1 year 2 mos

Citi Platinum Select: $5800 limit

Chase Freedom: $500 limit

Discover: $2250 limit

AMEX BCP: $6000 limit

 

3 inquiries, utilization < 12%

 

$3500 in student loans

$30k income


Only real concern is your AAoA.  Everything else looks good.  Let the Amex report the new CL and give it a go.  I think you have a good chance.  How long have you had the Freedom?


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 4 of 17
SchickHydro
New Member

Re: CSP question

my statement on my AMEX ends the 13th so does this mean on the 13th, it'll be reported? I've had the freedom since April 2012. Begged them to let me in when they had the $350 cashback offer so they started me off with $500, and they've been stingy with a CLI and never thought it'd be worth a hard pull for a CLI.

Message 5 of 17
improvingmycredit
Valued Contributor

Re: CSP question


@SchickHydro wrote:

my statement on my AMEX ends the 13th so does this mean on the 13th, it'll be reported? I've had the freedom since April 2012. Begged them to let me in when they had the $350 cashback offer so they started me off with $500, and they've been stingy with a CLI and never thought it'd be worth a hard pull for a CLI.


Typically, Amex reports within 2 days of statement cut on all CRAs.  TU is sometimes a little slow on the uptake.  I'd wait a good week after to be sure.  That's good that you've had the Freedom for over a year.  I say go for it.  I think you will likely be approved with 5K limit.  Good Luck!


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 6 of 17
improvingmycredit
Valued Contributor

Re: CSP question

Just out of curiosity, what is your FICO score?  Sorry for the late question. 


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 7 of 17
SchickHydro
New Member

Re: CSP question

Thanks! if it shows as reported on my CK account will that mean it has? So I will definitely know when? 

Message 8 of 17
improvingmycredit
Valued Contributor

Re: CSP question


@SchickHydro wrote:

Thanks! if it shows as reported on my CK account will that mean it has? So I will definitely know when? 


Yes, if CK shows the new CL then it has reported likely to all CRAs.  CK pulls it's info from TU.


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSR 20.5K, TotalRewards 25K, QuickSilver 20K

Message 9 of 17
SchickHydro
New Member

Re: CSP question

thanks again for the quick response! 

Message 10 of 17
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