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Established Member
saggy1
Posts: 50
Registered: ‎07-26-2012
0

Chase Sapphire - Denied

I got denied for the sapphire preferred. Got the the letter in the mail today. Also got my new amex gold in the mail today lol. I applied and got approved for the Discover IT card yesterday, so I am doing ok I guess.

 

They denied me for having:

 

Too few credit cards open

Credit limit too low on that card ($1000)

One delinquent account

 

The DQ was probably my bofa visa. In 08 I lost my job had my card pretty much maxed and missed a few payments. Well I still have the card and have everything paid off. Matter of fact I just got a cli to $3000. So bofa obviously thinks ok of me now. So the CL being too low should not be a problem anymore? I also have the Discover and two amex charge cards now.

 

Do you think I have a chance for a recon? I want this card for my primary visa as my current one has no benefits.

 

THX

 

 

Frequent Contributor
iMacDrew
Posts: 350
Registered: ‎07-13-2012
0

Re: Chase Sapphire - Denied

to be able to get the card you have to qualify for a 5,000 minimum cl. since its a visa signature. 3000 is still 2,000 lower than their minimum..

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703
Regular Contributor
cmthomas06
Posts: 174
Registered: ‎06-21-2012
0

Re: Chase Sapphire - Denied


iMacDrew wrote:

to be able to get the card you have to qualify for a 5,000 minimum cl. since its a visa signature. 3000 is still 2,000 lower than their minimum..


I was wondering about applying for the CSP as well (next year that is). Whats the income needed to get a $5000 limit? Mine are all pretty much $1000-$2000. 

 

Ex 752 (Amex) Tu 758 (Walmart) Eq 703
Goal: 750+ on all
Current Cards: Cap1 Cash Back; Chase Freedom; Chase Amazon; Citi Thank You; Citi Forward; Discover iT; Amex Zync; GE WalMart; BoA 3-2-1
Community Leader
Valued Contributor
improvingmycredit
Posts: 1,402
Registered: ‎07-12-2011
0

Re: Chase Sapphire - Denied

Hey Saggy1!  Chase pretty much requires experience with CL of 5K before they'll offer their Sig products.  Garden and try building current limits to 5K or get with a CU that will put you over the threshold over the next year.  Good luck!


Starting Score: 642
Current Score: EQ 773, EX 780, TU 777 (All FICO)
Goal Score: 800+

Cards: NFCU Flagship 50K, DC 30K, BCP 28.6K, Arrival+ 25K, Citi DP 22.8K, CSP 20.5K, TotalRewards 20.5K, QuickSilver 20K

Valued Contributor
trumpet-205
Posts: 2,494
Registered: ‎11-11-2010
0

Re: Chase Sapphire - Denied


cmthomas06 wrote:

iMacDrew wrote:

to be able to get the card you have to qualify for a 5,000 minimum cl. since its a visa signature. 3000 is still 2,000 lower than their minimum..


I was wondering about applying for the CSP as well (next year that is). Whats the income needed to get a $5000 limit? Mine are all pretty much $1000-$2000. 

 


Income is not too big of a problem. Chase would love to see you have some experience with $5K CL before issuing CSP.

 

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
Crashem
Posts: 3,096
Registered: ‎01-26-2012
0

Re: Chase Sapphire - Denied


trumpet-205 wrote:

cmthomas06 wrote:

iMacDrew wrote:

to be able to get the card you have to qualify for a 5,000 minimum cl. since its a visa signature. 3000 is still 2,000 lower than their minimum..


I was wondering about applying for the CSP as well (next year that is). Whats the income needed to get a $5000 limit? Mine are all pretty much $1000-$2000. 

 


Income is not too big of a problem. Chase would love to see you have some experience with $5K CL before issuing CSP.

 


+1.  Chase doesn't want to be the first to grant you 5k limit.  However if you have a few cards close to 5k limit, they might be first to cross that threshold.

               LIMITS IN CARD DESCRIPTIONS
Contributor
praise123
Posts: 108
Registered: ‎06-24-2012
0

Re: Chase Sapphire - Denied

Not necessarily true. I had a BofA secured card in March for $500, then I got a credit one unsecured in June for 1,000. Then I got an offer in the mail for the Chase Marriott Visa and was approved for $5,000. I had baddies in the past not on credit cards but student loan and 30 day late on car. I was curious about why Chase gave me $5,000 so I called and was told because of my combined income of $160,000 me and my husband salary together even though he didn't apply
Regular Contributor
jm00ser
Posts: 156
Registered: ‎07-11-2012
0

Re: Chase Sapphire - Denied

I agree with the above posters regarding Chase not wanting to be the first creditor to grant you a large CL. I started at 3800 with Freedom a year or so back, and was satisfied being that my income is about 43k and I had a rash of INQ thanks to a rash and uneducated car buying experience... :smileyvery-happy:

 

Needless to say, in this 1 year period, I managed to CLI my Citi up to 7.7k, get my scores up, and was approved for 10.7k by Chase for SW RR Premier. I know its not the CSP, but I would suppose that CL worthiness works the same. Same income at time of app as well.

In full gardening/ debt annihilation mode! (4/15/13)
Notre Dame FCU Visa 0/2k (8/04); CapOne Best Buy 800/1.5k (7\06)
Citi Thank You World MC 4800/9.7k (1/11); Amex Zync NPSL (9/11)
Chase Freedom Visa 1600/3.8k (9/11); Chase Southwest RR Premier Visa Signature 4300/10.7k (6/12); Discover It 0/3k (7/12)
EQ: 751 (4/1/13) EX: 742 (4/8/13) TU: 732 (4/8/13)
Regular Contributor
cmthomas06
Posts: 174
Registered: ‎06-21-2012
0

Re: Chase Sapphire - Denied


trumpet-205 wrote:

cmthomas06 wrote:

iMacDrew wrote:

to be able to get the card you have to qualify for a 5,000 minimum cl. since its a visa signature. 3000 is still 2,000 lower than their minimum..


I was wondering about applying for the CSP as well (next year that is). Whats the income needed to get a $5000 limit? Mine are all pretty much $1000-$2000. 

 


Income is not too big of a problem. Chase would love to see you have some experience with $5K CL before issuing CSP.

 


+1 

I agree that I need to prove myself with large limits first. I was just wondering because I am currently a college student making ~16,000 a year. I dont expect to get that high; however, when I graduate it should be feasible. 

Ex 752 (Amex) Tu 758 (Walmart) Eq 703
Goal: 750+ on all
Current Cards: Cap1 Cash Back; Chase Freedom; Chase Amazon; Citi Thank You; Citi Forward; Discover iT; Amex Zync; GE WalMart; BoA 3-2-1
New Member
seoul12
Posts: 3
Registered: ‎07-13-2012
0

Re: Chase Sapphire - Denied

Hi I don't have a good credit score. My biggest CL is with Macy's $1000. Cap One at $750.

 

I have been denied for the Paypal MC and another Cap 1 application recently.

 

Still today I got approved for the regular Chase Sapphire with $5k limit. I am so happy!

Last week I got an Amex gold charge card. I realize that is easier to get. I was FR'd

during the Amex application process. I complied. I have a spending limit of $6k.

 

Just thought I'd share. I am new here and really enjoy this forum. I am rebuilding credit.


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