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Frequent Contributor
Posts: 322
Registered: ‎08-19-2010
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Chase Sapphire Card - For excellent credit?

So for those who had good experiences with this card, I have some questions.

 

What makes this card so special in terms of the rewards? I mean compared to the Freedom or Citi Forward.

 

Also, knowing that this card starts at $5000 of CL ... does that make it hard to get? Do you have to have limits close to $5000 at the time of application to be approved for that limit?

 

How about AAoA ?


Established Contributor
Posts: 731
Registered: ‎02-15-2012
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Re: Chase Sapphire Card - For excellent credit?

The regular Sapphire isn't that special in terms of rewards.  If you mean the Sapphire Preferred, then the most special element of the rewards program is transferring to partner loyalty programs.  Points also go 25% farther when using them like cash towards travel.  There are also nice benefits, like no forex fees, dedicated US customer service team, concierge.

 

Yes, as cards go it is one of the tougher ones to get.  You will need a mix of good credit and income (the higher your credit score the less income you need and vice versa).  Having existing $5K or higher limits helps with approval, but is not a firm requirement.  My AAoA at time of approval was 2.2 years.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Frequent Contributor
Posts: 350
Registered: ‎07-13-2012
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Re: Chase Sapphire Card - For excellent credit?

that pretty much covers it. plus the 2x points on dining. the CSP you get 2x on travel such as airfare, cruises, taxis etc. plus the 7% points dividend.

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703
Established Member
Posts: 30
Registered: ‎01-15-2012
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Re: Chase Sapphire Card - For excellent credit?

The biggest benefit to me and many others is the generous sign on bonus and the extensive list of travel partners that trade for UR points at a 1:1 ratio (United, Hyatt, Southwest, etc etc). Mind you this is a benefit of the preferred version of the card only. The signup bonus + a little spend got me a free flight to Thailand for my honeymoon. This would not have been possible without the card.

 

Anyways, when I applied my score was in the 730-740 range. No negative marks ever, AAoA of about 1.5-2 years, ~50K income and one open credit card with a 6K limit. Hope this helps!

Discover More -- $7,000 l Chase Sapphire Preferred -- $8,500

FICO (EQ) -- 767
Contributor
Posts: 83
Registered: ‎06-13-2012
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Re: Chase Sapphire Card - For excellent credit?

The preferred card is metal like the United Club Card, so if you're into getting attention when paying for things this is for you. It's amazing how many people comment on it.

My two favorite things about this card:

1. The Ultimate Rewards Mall for this card. It routinely has some of the best bonus point shopping opportunities around.
2. Point transfer program on a 1:1 basis with 3 of my frequent flyer programs; United, British Airways, and Southwest.
TU 743 as of 5/12
EQ 715 as of 10/13
EX Plus 780 as of 7/12

Cards in wallet: Chase Sapphire Preferred ($25k) Chase Freedom (8k) NFCU Platinum ($24k) HHonors Reserve ($11k)
United MileagePlus Club ($17k)
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Posts: 7,225
Registered: ‎09-16-2011
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Re: Chase Sapphire Card - For excellent credit?

The regular sapphire rewards areny that great. Take a look at the amazon rewards, or the freedom.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
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Established Contributor
Posts: 797
Registered: ‎05-01-2012
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Re: Chase Sapphire Card - For excellent credit?

just got approved today on recon. They gave me a 5k CL. I have a 4 yr old Citibank Card with 8.5K CL and a 2 month old PSECU Visa with a 15K CL. They've pulled TU for me in the past. My TU file has 5 INQ. One is from Chase in July(applied and was denied for the Freedom on recon TU Fico was 648 and UTI was about 36%).i have a paid collection which is 6 months old, 3 lates (30 day from 2009 and 2 60 day from July 2010). My oldest account is 13 yrs. and my AAOA is 6 years. Uti is reporting at 4% and TU Fico is 679.


Starting Score: EX: 575 (PSECU 5/2/12) TU: 582 (3/6/12) EQ: 664 (4/27/12)
Current Score: EX: 699 (PSECU 06/04/14) 702 (my FICO 08/05/14) TU: 699 (08/01/14) EQ: 675 (07/08/14)
Goal Score: 720
20K PSECU 7/12 | 12K USAA 9/12 | 11K BOA 1-2-3 9/12 | 9K Citi HHonors 9/12 | 8.5K Citi AAdvantage 5/08 | 5K Chase Sapphire Pref. 9/12 | 3.8K Barclays USAir 7/12 | 6K Walmart Dis. 11/12 | 1K Amex SPG 11/12 | 2K Amex BCP 1/13
Frequent Contributor
Posts: 322
Registered: ‎08-19-2010
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Re: Chase Sapphire Card - For excellent credit?

Thanks for sharing. I guess I have to wait at least a year or maybe more to qualify for this card. I'm still sitting at $1,500 for most of my cards. 

 


rtw wrote:

just got approved today on recon. They gave me a 5k CL. I have a 4 yr old Citibank Card with 8.5K CL and a 2 month old PSECU Visa with a 15K CL. They've pulled TU for me in the past. My TU file has 5 INQ. One is from Chase in July(applied and was denied for the Freedom on recon TU Fico was 648 and UTI was about 36%).i have a paid collection which is 6 months old, 3 lates (30 day from 2009 and 2 60 day from July 2010). My oldest account is 13 yrs. and my AAOA is 6 years. Uti is reporting at 4% and TU Fico is 679.





Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
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Re: Chase Sapphire Card - For excellent credit?

they denied me due to too many new accounts (14)

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
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Posts: 797
Registered: ‎05-01-2012
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Re: Chase Sapphire Card - For excellent credit?

Altayar,

Maybe you should pick up a card from a credit union they seem to be pretty generous with limits.


Starting Score: EX: 575 (PSECU 5/2/12) TU: 582 (3/6/12) EQ: 664 (4/27/12)
Current Score: EX: 699 (PSECU 06/04/14) 702 (my FICO 08/05/14) TU: 699 (08/01/14) EQ: 675 (07/08/14)
Goal Score: 720
20K PSECU 7/12 | 12K USAA 9/12 | 11K BOA 1-2-3 9/12 | 9K Citi HHonors 9/12 | 8.5K Citi AAdvantage 5/08 | 5K Chase Sapphire Pref. 9/12 | 3.8K Barclays USAir 7/12 | 6K Walmart Dis. 11/12 | 1K Amex SPG 11/12 | 2K Amex BCP 1/13
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