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Denied...I think (CSP)

New Contributor

Re: Denied...I think (CSP)

Not sure...maybe it's because of the old BK I have or because my current Chase card was maxed for a long time before I completely paid it off in June....

EX 758 | EQ 721 | TU 768
Goal: 760+ across the board by May 2015
Gold Delta SkyMiles AMEX $32.8K | Citi Thank You Preferred $7K | Discover It $8.2K | Chase $3K + a few store cards
Message 21 of 28
Valued Contributor

Re: Denied...I think (CSP)


tinom1234 wrote:

Not sure...maybe it's because of the old BK I have or because my current Chase card was maxed for a long time before I completely paid it off in June....


I'm no analyst, but I would also say it's because of the bankruptcy. I wouldn't apply for any other Chase cards, because if you get approved, you may have to close it later to obtain a high enough limit for the Chase Sapphire Preferred. I would say keep using and paying the Chase card you have now and when the bankruptcy is gone, apply again. You can try to increase the limits you have, but you definitely do not have to have a limit of 5000 before they will give it to you.

Message 22 of 28
New Contributor

Re: Denied...I think (CSP)


tinom1234 wrote:

Home2014 wrote:

I'm on pins and needles. GL!

 

I apped yesterday and got the same message. Gonna call around lunchtime EST.


 

Good luck!! Let us know!


Approved for $6K! 

 

I jumped in front of any reasons for denial by immediately going into why I wanted the card and stating, "I know I just applied for the United card for upcoming business travel, however, I'm interested in the CSP for everyday purchases in conjunction with my Freedom card...." The rep said, "yes, that's precisely the issue -- you just applied for the United card so there are too many recent inquiries and credit line." She put me on hold for about 5 minutes, came back to verify address and employment, then another long hold, then approval.

 

Chase Sapphire Preferred $10,000 | United Mileage Plus Visa $8000 | Bank of America Cash Rewards $5000 | Chase Freedom Visa $4800 | Citi AAdvantage Platinum World MC $3500 | PayPal Extras MC $3250 | Amazon Store $3000 | Quicksilver One MC $2500 | Walmart Discover $2000 | Merrick Bank Visa $1400 | First Premier Bank $300
Last App 01/10/2014... In the Garden until Fall 2014
Message 23 of 28
New Contributor

Re: Denied...I think (CSP)


navigatethis12 wrote:

tinom1234 wrote:

Not sure...maybe it's because of the old BK I have or because my current Chase card was maxed for a long time before I completely paid it off in June....


I'm no analyst, but I would also say it's because of the bankruptcy. I wouldn't apply for any other Chase cards, because if you get approved, you may have to close it later to obtain a high enough limit for the Chase Sapphire Preferred. I would say keep using and paying the Chase card you have now and when the bankruptcy is gone, apply again. You can try to increase the limits you have, but you definitely do not have to have a limit of 5000 before they will give it to you.


Thanks! Sounds like a solid plan to me. T minus 2 years, 2 months and the BK will be gone...

EX 758 | EQ 721 | TU 768
Goal: 760+ across the board by May 2015
Gold Delta SkyMiles AMEX $32.8K | Citi Thank You Preferred $7K | Discover It $8.2K | Chase $3K + a few store cards
Message 24 of 28
New Contributor

Re: Denied...I think (CSP)


Home2014 wrote:

tinom1234 wrote:

Home2014 wrote:

I'm on pins and needles. GL!

 

I apped yesterday and got the same message. Gonna call around lunchtime EST.


 

Good luck!! Let us know!


Approved for $6K! 

 

I jumped in front of any reasons for denial by immediately going into why I wanted the card and stating, "I know I just applied for the United card for upcoming business travel, however, I'm interested in the CSP for everyday purchases in conjunction with my Freedom card...." The rep said, "yes, that's precisely the issue -- you just applied for the United card so there are too many recent inquiries and credit line." She put me on hold for about 5 minutes, came back to verify address and employment, then another long hold, then approval.

 


Congrats!!!

EX 758 | EQ 721 | TU 768
Goal: 760+ across the board by May 2015
Gold Delta SkyMiles AMEX $32.8K | Citi Thank You Preferred $7K | Discover It $8.2K | Chase $3K + a few store cards
Message 25 of 28
New Contributor

Re: Denied...I think (CSP)

Thanks! You may wan't to recon again and push back a little if you didn't before. Chase gave me my first high limit of $8000 when others were sub $5000. Perhaps highlight your intention with the card. Just my 2 cents.

Chase Sapphire Preferred $10,000 | United Mileage Plus Visa $8000 | Bank of America Cash Rewards $5000 | Chase Freedom Visa $4800 | Citi AAdvantage Platinum World MC $3500 | PayPal Extras MC $3250 | Amazon Store $3000 | Quicksilver One MC $2500 | Walmart Discover $2000 | Merrick Bank Visa $1400 | First Premier Bank $300
Last App 01/10/2014... In the Garden until Fall 2014
Message 26 of 28
Established Contributor

Re: Denied...I think (CSP)

 


 

I wonder what factors chase takes when they decide for/against giving a CS/CSP to people with no 5K lines, since they definitely do occassionaly give them out to people with fairly low lines (i had 8600 across 5 cards, 3000 on my highest when i got approved for Sapphire)


 

I wonder the same thing.  When I was approved for the Sapphire, my highest CL was $3K and they gave me $5K, but wouldn't approve me for another card after that.

Message 27 of 28
Highlighted
Frequent Contributor

Re: Denied...I think (CSP)

Hmm I would recon once that Amex CL hits the credit report.

Just my opinion but the BK isn't why you were denied.
Message 28 of 28