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Valued Member
lmashimaru
Posts: 40
Registered: ‎01-05-2014
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Chase PC from Slate to CSP questions.

Greetings everyone!

 

This post for my girlfriend who is considering a CSP.

 

She currently has 700-750 across all 3 reports, a medical graduate student, and has 2 credit cards currently.

I would say her loans give her 30k of income.

Her two credit cards currently are a Chase Slate, and a 1st financial bank. The Slate has a $2,900 CL with $2,500 on the card. The 1st Financial has a $10,000 balance and a 0 balance. Shes interested in getting a CSP. Would it be best for her to request a product change or simply apply for a CSP? Also what are her chances of getting a PC or a new CSP?

 

Thanks!

Experian - 749 Equifax - 765 Transunion - 756 [ FAKO EnhancedITP Pulled 06/07/2014 ]
Cards:
Chase [Sapphire Preferred - $5000] :: [Freedom - $ 2000] :: [Slate - $500] :: [Amazon Visa - $1000]
Barclays [Arrival + - $900]
In the Garden for a long time now that I've gotten the cards i want.
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AyalaZero
Posts: 58
Registered: ‎01-15-2008
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Re: Chase PC from Slate to CSP questions.

Good morning!!  Her scores are a definate plus.  Chase like to keep people in their loop, if she's had the Slate for over 6 months, I'd say her odds of approval are great!  Good luck!

Starting Scores: Low 500's 2/27/08
Current Scores:Transunion: 686 11/08/13 Experian: 659 12/02/13 Equifax: 703 12/03/13
Goal Score: 770 Across the board!!
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Senior Contributor
KennyRS
Posts: 5,012
Registered: ‎01-15-2009
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Re: Chase PC from Slate to CSP questions.

App, IMO.. especially if she has that much on the card. (If those are the only options.)

The PC from Slate to CSP may not even be an option, so an application would probably be better especially because she's probably young, as well. (Might as well get the TLs while young and keep them throughout your life. )
Starting Score: EQ04: 748 (1/31/14) - TU08: 755 (1/06/14)
Current Score:EX08:781(9/14) - EQ04:763(8/29) - EQ08:789(9/23) - TU08:799(9/05)
Goal Score: 800+
Contributor
w003ptr
Posts: 247
Registered: ‎12-01-2013
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Re: Chase PC from Slate to CSP questions.

A bunch of people on these boards bashed me not too long ago for putting loans as income on CC applications.  Tread lightly.

Last App 12/8/13 - BoA Better Balance Rewards

Wallet: Discover IT $4500, Chase Freedom $3k, Citi Forward $3000, AmEx BCE $2k

Sock Drawer: Citi Diamond Preferred $10500, BoA BBR $7500, Citi Platinum Select $2200, AmEx Clear $2k, J.Crew $1850, US Bank Platinum $500

12/2013: TU = 763, EX = 791, EQ = ??
Super Contributor
longtimelurker
Posts: 6,672
Registered: ‎04-22-2013
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Re: Chase PC from Slate to CSP questions.


KennyS2006 wrote:
App, IMO.. especially if she has that much on the card. (If those are the only options.)

The PC from Slate to CSP may not even be an option, so an application would probably be better especially because she's probably young, as well. (Might as well get the TLs while young and keep them throughout your life. )

And of course apping will allow her to get the bonus (40K UL) which wouldn't be the case with PC.   Also, if she was able to PC, what would she do with the balance, don't the CSP has a 0% offer for transfers.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi Double Cash, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 848 (Sep)
Established Member
minhasandrew
Posts: 14
Registered: ‎01-12-2014
0

Re: Chase PC from Slate to CSP questions.

[ Edited ]

The CSP also has an income requirement somewhere between 25k and 35k.  I tried to get the exact number from the phone banker but he wasn't disclosing the exact number. Oh and Chase doesn't do product changes to the sapphire preferred so she would have to apply through the sapphire app directly. 

Chase Freedom 1K, Chase Sapphire (non preferred) 5K, Chase Sapphire Preferred 5K, AMEX Gold Premier NPSL, AMEX Blue Cash 2600, Capital One Journey 1K.
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Senior Contributor
KennyRS
Posts: 5,012
Registered: ‎01-15-2009
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Re: Chase PC from Slate to CSP questions.


longtimelurker wrote:

KennyS2006 wrote:
App, IMO.. especially if she has that much on the card. (If those are the only options.)

The PC from Slate to CSP may not even be an option, so an application would probably be better especially because she's probably young, as well. (Might as well get the TLs while young and keep them throughout your life. )

And of course apping will allow her to get the bonus (40K UL) which wouldn't be the case with PC.   Also, if she was able to PC, what would she do with the balance, don't the CSP has a 0% offer for transfers.


Mine didn't, I don't think. I think it's just a flat 15.24% no matter what. 

 

I agree with you regarding the sign up bonus, as well. 

Starting Score: EQ04: 748 (1/31/14) - TU08: 755 (1/06/14)
Current Score:EX08:781(9/14) - EQ04:763(8/29) - EQ08:789(9/23) - TU08:799(9/05)
Goal Score: 800+
Regular Contributor
manwoot
Posts: 247
Registered: ‎02-16-2013
0

Re: Chase PC from Slate to CSP questions.

As previously stated, loans are debt, not income.
AMEX True Earnings (11.5k) || Discover IT (9k) || Chase Sapphire Preferred (6k) || Chase Freedom (5k) || Citi ThankYou Preferred (4.9k) || GE CareCredit (4.9k) || Sallie Mae (4k) || Citi Diamond Preferred (3.4k) || Best Buy (2k) || AMEX Blue Cash Everyday (2k) || Target REDcard (1k)
Established Member
minhasandrew
Posts: 14
Registered: ‎01-12-2014
0

Re: Chase PC from Slate to CSP questions.

 

KennyS2006 wrote:

longtimelurker wrote:

KennyS2006 wrote:
App, IMO.. especially if she has that much on the card. (If those are the only options.)

The PC from Slate to CSP may not even be an option, so an application would probably be better especially because she's probably young, as well. (Might as well get the TLs while young and keep them throughout your life. )

And of course apping will allow her to get the bonus (40K UL) which wouldn't be the case with PC.   Also, if she was able to PC, what would she do with the balance, don't the CSP has a 0% offer for transfers.


Mine didn't, I don't think. I think it's just a flat 15.24% no matter what. 

 

I agree with you regarding the sign up bonus, as well. 


The csp doesnt have any offers for balance transfers or purchase apr. In reality the card isn't for people with shallow pockets.  (not saying I have deep pockets) 

Chase Freedom 1K, Chase Sapphire (non preferred) 5K, Chase Sapphire Preferred 5K, AMEX Gold Premier NPSL, AMEX Blue Cash 2600, Capital One Journey 1K.
Super Contributor
longtimelurker
Posts: 6,672
Registered: ‎04-22-2013
0

Re: Chase PC from Slate to CSP questions.


minhasandrew wrote:

 



The csp doesnt have any offers for balance transfers or purchase apr. In reality the card isn't for people with shallow pockets.  (not saying I have deep pockets) 


If you don't mind opening and closing/PCing a year later, it is for anyone who can meet the minimum spend requirements, just for the bonus.   Certainly don't do this on a whole bunch of cards, particularly from one issuer, but this is really worth it.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi Double Cash, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 848 (Sep)

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