Chase Sapphire Preferred - Do I stand a chance?

[Anonymous]

Hello, newbie here! I'm wondering if I have any chance at all for qualifying for Chase Sapphire Preferred card.

I'm presently a student, working part time making ~$14k a year. I have a Visa card with a $3k limit. Always pay it in full every month, never missed a payment. I doubt this has any bearing, but I've also been a user on my parent's AA Advantage Visa with a $50k limit (the only reason I mention this is because it seemed to favorably affect my debt ratio and that it also has a clean history - no missed payments, paid in full every month, etc). My only inquiry in my history is the one from my personal Visa card. I checked my scores a few months ago and they were roughly 760 - 790. More than anything though I'm worried about the income part.

Should I apply? Or are the odds against me here.

Thanks!

[CreditPacMan]

You are right - your income could be an issue. Why not try the regular Sapphire? It seems to be easier to get from what I've read around here.

[hizzaah]

Did you check the pre-approval site? When is the last time you got a limit increase on your current Visa? What do you plan on using the card for?

[Anonymous]

whats your AAoA average age of accounts and length of history?

[bigblue7722]

you might have a good shot but the income is kinda hurting you. I would suggest looking at the freedom for now cause of no AF. The CSP has a 95 AF you just cant justify that with your income. But you should get the freedom anyways to max out your points. 

[longtime_lurker]

---

@Anonymous wrote:

Hello, newbie here! I'm wondering if I have any chance at all for qualifying for Chase Sapphire Preferred card.

I'm presently a student, working part time making ~$14k a year. I have a Visa card with a $3k limit. Always pay it in full every month, never missed a payment. I doubt this has any bearing, but I've also been a user on my parent's AA Advantage Visa with a $50k limit (the only reason I mention this is because it seemed to favorably affect my debt ratio and that it also has a clean history - no missed payments, paid in full every month, etc). My only inquiry in my history is the one from my personal Visa card. I checked my scores a few months ago and they were roughly 760 - 790. More than anything though I'm worried about the income part.

Should I apply? Or are the odds against me here.

Thanks!

---

14k income seems really low for Chase to approve you. Plus, would you really use the card? Or are you just trying to get the sign-up? I don't see 14k income being enough to support that card long term...just being honest. Sorry!

[Anonymous]

Whoops, actually I meant the regular Sapphire. Not the preferred. My bad there..

My Visa I've had for 4 years. Last time the limit was increased was ~6 mos ago, which means they'll probably up it again real soon.

I do a lot of traveling and I plan on putting my large school purchases on the card. The sign-up bonus is nice, but is not the primary reason for the card.

[Creditaddict]

I would apply for the CSP!!!

[MT936]

use the preapproval tool on their website

[Anonymous]

CSP showed up for me on the pre-qual site.