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Hello All,
I have two questions in one.
Could some one please give a guess at my chances about getting approved for either a Chase Sapphire Preferred CC or a Platinum American Express Charge Card? Currently my credit score is 760, I currently have a Best Buy In-Store Credit Card ($1600 limit), and two Capital One Credit Cards ($1500 limit and $5000 limit) If you currently look at my credit card balance I have $300 on the one and that is all, I typically pay my balance off every month. I also have had a student loan of $15,000 which I have paid off in full. I have had one credit check in the past two years and I have had a credit card since 2010. This is all that is on my credit report. I don't know if they look at my income but I currently make about 40,000 a year, this might hold me back possibly if they take that into consideration.
Also, could someone please give me any suggestions on which one to get? I understand one is a Credit Card and one is a Charge Card. I know they are both good for traveling and I understand that the AMEX has a HUGE $450 yearly fee and the Chase has a $95 yearly fee but waived for the first year. I personally can easily justify either of the fees considering the travel I do. I am leaning towards the Chase because of the 1:1 points transfer because I have memberships with Priority Club, Delta and Hilton.
Thank you so much!
Jessica
Well...First of all, I PERSONALLY think that you have a pretty good chacne at getting approved for the CSP. For the platinum, i'm not sure since I don't really see a whole lot of people with the Platinum.
Thanks for you input!
i think you are definitely will get approved for the CSP. Even if you don't get an instant approval, you definitely will get approved later on.
Chase usually likes to match limits however, so chances are they will give you a CL around 5000. You can always call recon and ask for more and see how it goes.
Best of luck!
@enharu wrote:i think you are definitely will get approved for the CSP. Even if you don't get an instant approval, you definitely will get approved later on.
Chase usually likes to match limits however, so chances are they will give you a CL around 5000. You can always call recon and ask for more and see how it goes.
Best of luck!
Thank you for your input!
@09Lexie wrote:
I concur
Thank you!
@MuzickLover13 wrote:Hello All,
I have two questions in one.
Could some one please give a guess at my chances about getting approved for either a Chase Sapphire Preferred CC or a Platinum American Express Charge Card? Currently my credit score is 760, I currently have a Best Buy In-Store Credit Card ($1600 limit), and two Capital One Credit Cards ($1500 limit and $5000 limit) If you currently look at my credit card balance I have $300 on the one and that is all, I typically pay my balance off every month. I also have had a student loan of $15,000 which I have paid off in full. I have had one credit check in the past two years and I have had a credit card since 2010. This is all that is on my credit report. I don't know if they look at my income but I currently make about 40,000 a year, this might hold me back possibly if they take that into consideration.
Also, could someone please give me any suggestions on which one to get? I understand one is a Credit Card and one is a Charge Card. I know they are both good for traveling and I understand that the AMEX has a HUGE $450 yearly fee and the Chase has a $95 yearly fee but waived for the first year. I personally can easily justify either of the fees considering the travel I do. I am leaning towards the Chase because of the 1:1 points transfer because I have memberships with Priority Club, Delta and Hilton.
Thank you so much!
Jessica
Based on your information, I think you'd likely qualify for either one. IIRC, the underwriting for the AMEX Platinum is consistent across all the charge cards, as long as you can justify that hefty AF, I think you might be approved for it. But given the choice between the two, I think that the CSP is a better all around card, giving you a lot more flexibility. CSP is a flexible spending card, the Platinum is NPSL card to be paid in full when the bill arrives. That too should perhaps tip the scale in CSP's favour, in case there are times you might need to carry a balance for a month or two.
if that score is EX FICO you are golden (platinum? ) for both. I got the AmEX platinum with 686 EX FICO.