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Valued Member
Posts: 47
Registered: ‎12-03-2016
0

Chase Options

So I REALLY want the Chase Sapphire card but I know I have too many inquiries: 10 over the past 12/18 months - 3-4 for mortgages (no longer in the market) 2-3 for the used vehicle purchased in 2016. My numbers as follows - Ex 735 Tu 759 Eq 721. No baddies, no Bkrups, no late or missed payment on anything. PIF every month in all cards. Lowest limit Chase Freedom $500 highest limits $3000 on a CapOne, Amex Delta. Here's what I'm thinking:

1. Straight app for the CSP and risk denial because of inquiries and add another hp
2. Request cli on my Chase Freedom Unlimited and risk denial because of inquiries and add another hp
3. Request product change from Freedom to CSP without hp but no movement on credit limit as all Freedom account circumstances just transfer to CSP...which means same puny limit
4. Sit in the garden until the end of 2018 and manage the hell out of my current cards and limits and then re-evaluate.
Valued Contributor
Posts: 2,455
Registered: ‎09-16-2011

Re: Chase Options

don't count any over 12 months old. Lenders don't. 

Also lenders are supposed to lump  AUTO and Home INQ's together so they count as a single one for each group. 

 

if your UTL is good, chase will probably give you a chance if you have been responsible with your cards.  Chase has been SP'ing since you got your card, they know you and will make the determination base on its internal score, not your FICO's.  If they deny you they will state it was because of FICO, but really its your internal score that matters once you are a customer. 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Valued Member
Posts: 47
Registered: ‎12-03-2016
0

Re: Chase Options

Thanks Jamesdwi, my util is less that 10%. One thing I forgot to take into account is Chase's 5/24 rule so apping I think is out. I'm pretty sure I have 5 accounts opened in the past 24 months. I'm leaning towards the product change.
Contributor
Posts: 88
Registered: ‎12-26-2016
0

Re: Chase Options

You cannot PC to a CSP unless your limit is 5k or greater. If you ask for a CLI on the FU and your new limit is >=5k, then it is possible, but not guaranteed.

 

I think after being with Chase for at least one year and perfect history otherwise, they will be willing to approve you for a CSP. 

 

^^Ditto to Chase Internal Risk score. My banker just blushes when I mention it, but doesn't deny that it means everything to them lol.


705 EX (3 INQ) / 705 TU (2 INQ) / 705 EQ (3 INQ) | AAoA: 8 months | CL: $5,250
Regular Contributor
Posts: 128
Registered: ‎04-29-2017

Re: Chase Options

I think based on your scores and other info if it weren't for 5/24 rule you think you are under you'd be approved for the CSP. The question is exactly how bad you want it because missing out on the at the very least the minimum $5k SL is a hard pill to swallow when talking about a PC from your Freedom. I mean unless they consider moving that CL up when doing a possible PC takes into effect; I dunno how that would work exactly.

FICO 08 Scores (4/29/17): TU 817, EQ 819, EX 825
FICO 08 Scores (5/30/17): TU 818, EQ 821, EX 823
Valued Member
Posts: 47
Registered: ‎12-03-2016
0

Re: Chase Options


sapphireminer wrote:

You cannot PC to a CSP unless your limit is 5k or greater. If you ask for a CLI on the FU and your new limit is >=5k, then it is possible, but not guaranteed.

 

I think after being with Chase for at least one year and perfect history otherwise, they will be willing to approve you for a CSP. 

 

^^Ditto to Chase Internal Risk score. My banker just blushes when I mention it, but doesn't deny that it means everything to them lol.


Thanks for the reply.  I thought the same thing...the CL for the CSP is $5000, but when I called to check, the CSR said I could do it.  Unless she didn't understand the question, but I specifically layed out what I wanted to do and she said no problem.  I didn't do it, but if there's no impact to my credit, then no harm no foul.

Valued Member
Posts: 47
Registered: ‎12-03-2016
0

Re: Chase Options


simplynoir wrote:

I think based on your scores and other info if it weren't for 5/24 rule you think you are under you'd be approved for the CSP. The question is exactly how bad you want it because missing out on the at the very least the minimum $5k SL is a hard pill to swallow when talking about a PC from your Freedom. I mean unless they consider moving that CL up when doing a possible PC takes into effect; I dunno how that would work exactly.


Thanks for the reply.  I thought the same thing...the CL for the CSP is $5000, but when I called to check, the CSR said I could do it.  Unless she didn't understand the question, but I specifically layed out what I wanted to do and she said no problem.  I didn't do it, but if there's no impact to my credit, then no harm no foul.

Contributor
Posts: 88
Registered: ‎12-26-2016
0

Re: Chase Options

What Smiley Surprised?! That is crazy! I am going to call and see if I can do that too.


705 EX (3 INQ) / 705 TU (2 INQ) / 705 EQ (3 INQ) | AAoA: 8 months | CL: $5,250
Valued Member
Posts: 47
Registered: ‎12-03-2016
0

Re: Chase Options


sapphireminer wrote:

What Smiley Surprised?! That is crazy! I am going to call and see if I can do that too.


Please let me know what they say.  The person I talked to said everything about the Freedom would move to the CSP.  I also specifically said the reason I wanted to make a move was due to the puny Freedom credit limit and she said directly that that would not change.  The only why it would change is if I apped for the CSP or requested a cli...which would result in a hp. And since I'm sitting on exactly 5 accounts in the past 24 months, I can't apply.,,auto denial.

Contributor
Posts: 88
Registered: ‎12-26-2016
0

Re: Chase Options

Nope, not eligible. Dang. I can only go back to a FU.


705 EX (3 INQ) / 705 TU (2 INQ) / 705 EQ (3 INQ) | AAoA: 8 months | CL: $5,250

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