Reply
New Contributor
CopperHD
Posts: 85
Registered: ‎05-02-2012

Re: CSP?

Normally I would say to wait as well but my recent dealings with Chase have been very successful.  I was approved for the SWRR Visa signature from Chase last month and Drapped for the CSP last week and was approved to my surprise for an even higher limit than my Southwest card.  My thoughts are the worst they can say is no right now and then you can better understand why there was a denial and apply in the future, then again tend to not worry about inquiries as much as I should.

Current Scores EQ (697) Tu (740) EX (705) Amex pull
Current Cards- Amex PRG(NPSL), Amex Zync (NPSL), Amex Hilton Honors Surpass ($3000), Chase Sapphire Preferred ($12,000), Citi Simplicity ($10,900), Southwest Visa Signature ($10,500), Discover It ($4250), FNBO Amex ($4,000), First National Credit Card ($2000), Capital One Platinum ($2500 and $1750), Lowes ($6000) , Walmart Discover ($6000).
Established Member
ACcash
Posts: 20
Registered: ‎08-17-2013

Re: CSP?

@CoppherHD   Thanks for sharing your experience. Would you mind talking a little bit more about your background?

 

Moderator
09Lexie
Posts: 24,516
Registered: ‎09-13-2012

Re: CSP?

Welcome to the forum! Chase tends to want to see history with higher CL's before approving their signature cards. Each profile is different and Chase uses an internal scoring method not FICO.

Others have suggested that you wait until your new cards have history. Which is excellent advice. If you decide to app and are declined would you be willing to move your CL from the UA? When they issued your UA was it a signature?
Established Member
ACcash
Posts: 20
Registered: ‎08-17-2013

Re: CSP?

Hi 09Lexie, thanks for the advice.

 

1) Yes. Putting util away, 8k is more than enough for me. I typically pay bills in full every month and my monthly income is just over 2k.

2) Yes. I was a little bit superised that Chase approved me at that time . Maybe that's because I am a frequent UA flyer (once every month)...

Moderator
09Lexie
Posts: 24,516
Registered: ‎09-13-2012

Re: CSP?

If you are going to app, I'd suggest doing it in a branch. The spend requirement is lower.

Good luck!
Frequent Contributor
OptimalCS
Posts: 405
Registered: ‎07-31-2010

Re: CSP?

It's better to wait to avoid being approved with a low limit.

CARDS.jpg

Valued Member
drinkthekoolaid
Posts: 76
Registered: ‎06-05-2013

Re: CSP?

The lowest you could be approved for is $5000 and based on the other cards you have already gotten, minus the other Chase card I would say that's a good limit for you to start with and Chase is good about CLI after usage (with hard pull though). I know I said wait earlier, but Chase has a good recon process (though not 100$ guaranteed success) and you could always move credit lines over. Depends on how bad you want the card!? Even if you were declined they would tell you the reason and in 6 months you could hopefully fix the issues they had by then and re-app just as planned before! Its a win, win if you don't mind possibly burning two inquires!? 

Chase Sapphire Preferred VISA SIGNATURE- $10,000~ AMEX Platinum -$NPSL ~ Citi Diamond Preferred $6,000
USAA MASTERCARD - $10,000 ~ Amex GOLD PR - $NPSL
Commerce Bank Visa $5,000 ~ AMEX BCE - $3,000
USAA Student VISA - $1,000 ~ Chase Freedom - $500
Established Member
ACcash
Posts: 20
Registered: ‎08-17-2013

Re: CSP?

I see the idea of using inqueries anyway to have a shot and to get explainations in the worst case. Thanks!

 

I really don't mind getting the lowest limit 5k, even with the cost of lowering my 8k limit on my Chase UA card. For a grad student, 5k * 2 is already good enough. I do want this card, since I fly UA once a month NY <-> CA and CSP will boost my miles!

 

However, I just realize that the AMEX SPG card I've got this month requires ~5k spending in 6 months to get the initial bonus. With CSP that means ~8k spending within the next 6 months -- it's not bad but I don't want to push myself to spend money on nothing.

Moderator
09Lexie
Posts: 24,516
Registered: ‎09-13-2012

Re: CSP?

In that case, I guess you'll be waiting. In the end, that's probably a good idea.
Valued Member
gsxrgt
Posts: 48
Registered: ‎05-25-2009

Re: CSP?

I'd wait until you meet the spend requirement on the SPG to make sure you can get both. Grats on getting that btw, it's my next card I'm wanting. Chase giving you the 8K limit is a good sign and they generally work on a max limit per customer not so much per individual card so I would think worst case you'd have to split the limit from your UA card.

Freedom 10K, CSP 11K, Citi Thank You Preferred 12K, Discover IT 10.7K, Amex BCP 15K, Amex PRG, Citi Simplicity 2.7K Penfed Platinum Rewards 11K

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+