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Frequent Contributor
Jayb5635
Posts: 282
Registered: ‎08-02-2012

Chase Sapphire Preferred...app or no

Hey guys so here's my question...I've been working steadily 2 repair my credit over the past yr...I had a cap one n household bank card both w/300 cl's...recently closed the hhb card since it carried an AF...last August with my fico scores hovering near 700 I finally decided 2 app 4 some prime cards...got approved 4 the Amex zync(npsl), chase freedom(1500), n barclay rewards mc(1500)...since then I've put the cards thru good use and always PIF...I should also mention I'm an AU on my gf's Amex blue(15k) n prg(npsl)...anyways I've been looking at the csp As the last card I want 2 add 2 my wallet...what do guys think are the odds I get approved ???  Cuz last I checked my score was 716 but I'm still waiting 4 the zero balances 2 report on the zync n freedom since that'll drop my utilization below 10% overall...I also have a couple student loans totaling 2500 that I don't have 2 pay as yet...AAoA is 3 yrs, oldest account opened 11 yrs ago...no other baddies...apologies 4 being so long winded lol



In my wallet: Amex Platinum NPSL, Amex Everyday Preferred $2000, Amex Blue Cash Everyday $1000, Chase Freedom $1500, Chase Sapphire Preferred $5000, Barclaycard Arrival $3700, Cap One Quicksilver 2000, Citi Forward 3800, Discover IT 2250
Blogger
HiLine
Posts: 2,723
Registered: ‎10-19-2012

Re: Chase Sapphire Preferred...app or no

Could you please re-paragraph your post? I'm having trouble following what you posted...

Valued Contributor
Epcot
Posts: 2,760
Registered: ‎10-10-2012

Re: Chase Sapphire Preferred...app or no

How many inquiries do you have? Definitely wait until your util goes down by having your new balances report.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 780 EX 770 TU 774
App free since 4/11/13
Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012

Re: Chase Sapphire Preferred...app or no

[ Edited ]

I think you might be borderline.  Your scores are "hovering near 700" so depending on what side of 700 they are on, this could make or break you.

 

 

For the CSP and the regular CS (no annual fee), you have to be able to qualify or at least a 5k CL.  Being an AU on your GF's 15k card helps, but really i think it still comes back to your scores.  And I think you are too borderline, that is to say, I don't think you would qualify.

 

But I don't have experince with chase and i don't know what scores they look for.

Senior Contributor
Open123
Posts: 3,849
Registered: ‎02-23-2011

Re: Chase Sapphire Preferred...app or no

For borderline approvals, I'm from the school of thought where it's better to app, recon, and be denied; rather than wondering "what if" I would have qualified.

Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012

Re: Chase Sapphire Preferred...app or no

CSP required 5k credit line right ???


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Frequent Contributor
Jayb5635
Posts: 282
Registered: ‎08-02-2012

Re: Chase Sapphire Preferred...app or no

sorry about that...currently, I have:

amex zync-NPSL

chase freedom-1500 cl

barclay rewards mc-1500 cl

authorized user on girlfriends:

amex blue-15k cl

amex PRG-NPSL

above cards obtained 8/12

also have a cap one platinum-300 cl

-always PIF

-utilization currently 11%

-fico score 716 last I checked

-AAoA 3 yrs

-no baddies on report

just want to know thoughts on whether I should apply for the sapphire preferred

hope I made it more clear...sorry again, typing on my iPad

 



In my wallet: Amex Platinum NPSL, Amex Everyday Preferred $2000, Amex Blue Cash Everyday $1000, Chase Freedom $1500, Chase Sapphire Preferred $5000, Barclaycard Arrival $3700, Cap One Quicksilver 2000, Citi Forward 3800, Discover IT 2250
Frequent Contributor
Jayb5635
Posts: 282
Registered: ‎08-02-2012

Re: Chase Sapphire Preferred...app or no

3 inquiries from when I applied 4 these cards back in 8/12



In my wallet: Amex Platinum NPSL, Amex Everyday Preferred $2000, Amex Blue Cash Everyday $1000, Chase Freedom $1500, Chase Sapphire Preferred $5000, Barclaycard Arrival $3700, Cap One Quicksilver 2000, Citi Forward 3800, Discover IT 2250
Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012

Re: Chase Sapphire Preferred...app or no


Open123 wrote:

For borderline approvals, I'm from the school of thought where it's better to app, recon, and be denied; rather than wondering "what if" I would have qualified.


lol I agree.  But i don't have the guts to do it lol!

Frequent Contributor
mikka1
Posts: 269
Registered: ‎12-28-2011

Re: Chase Sapphire Preferred...app or no


Open123 wrote:

For borderline approvals, I'm from the school of thought where it's better to app, recon, and be denied; rather than wondering "what if" I would have qualified.


I regret that this is not Facebook and there's no "Like" button below messages as I definitely like this approach and fully support it :-)

In my wallet now: Amex PRG NPSL, Amex BCE $15k $17k (thanks to recent CLI), Chase Freedom 11k, CSP $6k, Chase United ME $5k, Citi Dividend $5.6k, Discover It $4.5k and a handful of other cards...
TU Dec 2013 - 752Sep 2013 - 764 - new all time maximum

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