CSP question

[Anonymous]

Hello,

A friend of mine had more than 10k in his chase account so he got freedom approved without much credit history. Will this work for CSP too?

Thanks 

[Anonymous]

These cards have different underwriting criteria.  How long has he/she had the Freedom card and how many new accounts has he/she opened in the last two years? Keep in mind the starting limit for the CSP is $5,000.  The Freedom card doesn't..

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@Anonymous wrote:

Hello,

A friend of mine had more than 10k in his chase account so he got freedom approved without much credit history. Will this work for CSP too?

Thanks 

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If he has less than a year's worth of credit revolver history showing it can be a tough sell to get the CSP. Having an account with Chase may help, but that does not guarantee approval by any means. 

[Anonymous]

In those circumstances, Freedom accounts tend to have very low SLs. Chase might risk a few hundred on a checking/savings customer with no history, but $5k+ is another matter.

[Anonymous]

I think it works for CSP too. Did your friend apply at a branch and get a special consideration?

[Anonymous]

I am sure this would help a little, but yes, I would imagine this product would be a little different.

Do you have any scores for yourself yet? This would give us a better idea of your approval rate.

I applied and was approved after having just over 12 months history.

But I also know they look strongly at income with the CSP, that is also why I might of been approved.