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New Visitor
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Registered: ‎07-08-2014
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Chase Sapphire

[ Edited ]

Hi, I'm a 20 year old college student and was wondering if you could help me figure out whether I have a possibility of being approved for the Chase Sapphire Preferred. I really want this card because I travel a lot and would love the rewards. Here's my information.

 

Credit Cards:

Citi Forward: $3000 CL, 1 Year

First National Bank Secured Credit: $4000 CL, 1 Year

Authorized User on American Express Platinum: No Limit, 4 Years

 

Credit Scores:

TransUnion: 725

Equifax: 714

Experian: 710

 

Income:

$19,400

 

Frequent Contributor
Posts: 489
Registered: ‎03-19-2013
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Re: Chase Sapphire

For cards like Amex and the csp I would think they want more years of history. Authorized user cards may not count.

Any other travel card you got your eye on?
Frequent Contributor
Posts: 489
Registered: ‎03-19-2013
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Re: Chase Sapphire

Let's wait for members with more experience to post some info.
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Valued Contributor
Posts: 1,257
Registered: ‎10-21-2013
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Re: Chase Sapphire


JoshNurse wrote:
For cards like Amex and the csp I would think they want more years of history. Authorized user cards may not count.

Any other travel card you got your eye on?

I got my Amex with an AAoA of like 16 months and my CSP with an AAoA of like 13 months (give or take +/- 1 or 2). My income is slightly higher, however (not by that much, though).

Current cards: MSUFCU Platinum, Amex PRG, Amex Surpass, Amex BCE, Citi Prestige, Citi Double Cash, Citi Premier, US Bank Cash +, Huntington Voice, AAviator, Sallie Mae, Discover IT, Chase Freedom TU:753 EQ Enhanced: 758
Regular Contributor
Posts: 221
Registered: ‎08-09-2013
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Re: Chase Sapphire

I'm going to say your chances aren't good at this moment simply because Chase wants to see experience with a $5k or higher CL before approving for the Sapphire cards that have a minimum CL of $5k. 

 

I would recommend going for a Freedom. You'll probably get a 3-4k CL, and then in 6 months you may get a CL on one of your cards to over $5k. At that time you will have history with Chase, and can possibly move some of your Freedom CL to the Sapphire to make being approved for it even easier.

 

I had my Chase Amazon for 6 months before they approved me for the Sapphire. My Discover and AMEX were at $6k at the time too.

      
NPSL...............$25,000............$5,000..............$24,000............$20,000...........$16,500...........$30,000...........$15,000...........$30,000
Current FICO Score Across All 3: 785+..... GOAL: 800+ Current Utilization: 1%....... Infiniti Financial Auto Loan at 2.4%
Super Contributor
Posts: 9,030
Registered: ‎06-19-2013
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Re: Chase Sapphire


robbulous wrote:

I'm going to say your chances aren't good at this moment simply because Chase wants to see experience with a $5k or higher CL before approving for the Sapphire cards that have a minimum CL of $5k. 

 

I would recommend going for a Freedom. You'll probably get a 3-4k CL, and then in 6 months you may get a CL on one of your cards to over $5k. At that time you will have history with Chase, and can possibly move some of your Freedom CL to the Sapphire to make being approved for it even easier.

 

I had my Chase Amazon for 6 months before they approved me for the Sapphire. My Discover and AMEX were at $6k at the time too.


To piggy back on this comment maybe try and go for an amex revolver probably in Jan would be optimal to maximize your msd, but you can probably try now if you want. Chase freedom is also a good idea so you can combo with CSP down the road .



EX Fico 774 3/3/15 Fako 806 CS/Credit.com 11/24/14
EQ SW bank enhanced 5/26/15 827 CK fako 807 5/11/15
TU Fico Barclay's/Walmart 7/6/15 799 Fako 808 Creditkarma 5/11/15
Super Contributor
Posts: 10,860
Registered: ‎04-22-2013
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Re: Chase Sapphire


mongstradamus wrote:

To piggy back on this comment maybe try and go for an amex revolver probably in Jan would be optimal to maximize your msd


Wouldn't this be the first Amex for the OP?  Waiting for Jan would push the MSD to 2015 for this and future cards.  For the first card get ASAP to optimize backdating for future cards.

Super Contributor
Posts: 9,030
Registered: ‎06-19-2013
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Re: Chase Sapphire


longtimelurker wrote:

mongstradamus wrote:

To piggy back on this comment maybe try and go for an amex revolver probably in Jan would be optimal to maximize your msd


Wouldn't this be the first Amex for the OP?  Waiting for Jan would push the MSD to 2015 for this and future cards.  For the first card get ASAP to optimize backdating for future cards.


I thought he said he had amex platinum for 4 years did I misread 



EX Fico 774 3/3/15 Fako 806 CS/Credit.com 11/24/14
EQ SW bank enhanced 5/26/15 827 CK fako 807 5/11/15
TU Fico Barclay's/Walmart 7/6/15 799 Fako 808 Creditkarma 5/11/15
Regular Contributor
Posts: 221
Registered: ‎08-09-2013
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Re: Chase Sapphire

He's an AU on a Platinum card. Most lenders can see they're not the main card holder.

      
NPSL...............$25,000............$5,000..............$24,000............$20,000...........$16,500...........$30,000...........$15,000...........$30,000
Current FICO Score Across All 3: 785+..... GOAL: 800+ Current Utilization: 1%....... Infiniti Financial Auto Loan at 2.4%
Super Contributor
Posts: 9,030
Registered: ‎06-19-2013
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Re: Chase Sapphire


robbulous wrote:

He's an AU on a Platinum card. Most lenders can see they're not the main card holder.


Oh I guess misunderstood how msd works apparently. My msd started as soon as I graduated high school my dad must have been co signer,thought was just au. 



EX Fico 774 3/3/15 Fako 806 CS/Credit.com 11/24/14
EQ SW bank enhanced 5/26/15 827 CK fako 807 5/11/15
TU Fico Barclay's/Walmart 7/6/15 799 Fako 808 Creditkarma 5/11/15
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