Hi guys, question regarding CSP!

[oztsvi]

Hi guys!

I'm new to the community of MYOPIC, but I read your posts all the time and you guys are doing a great job helping people!

I have a question regarding CSP.

I have a credit history of 17 months, 5 cc

amex gold:npsl

amex green:npsl

cap onene card with $1500

cap one:second card with $750

discover it:$2000 

my 3 credit scores are all a little over 700

my utilization is 16%

my longest account is with capital one i have the amex for about 4 months both of them , and i just got my discover it.

On my equifax report i think i have 3 inquires , i understand that chase pulls from there i live in SO CALIFORNIA.

never missed a payment.

last time i tried applying for the CSP , i got denied i called recon twice they said i didn't have enough history.

i applied back in january of this year and back then i only had one card with capital one.

my question is like that: i want to try and apply again, should i wait for a few more months or i can just go ahead and apply right away?

btw i do have a bank account with chase.

thanks for your help, Oz.

[enharu]

How much are you depositing with chase approx?

Try to get a CLI from discover. Chase likes to see that you have a CL of >5k before approving for the csp. Not necessary, but it will help your chances quite a bit.

[LS2982]

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@oztsvi wrote:

Hi guys!

I'm new to the community of MYOPIC, but I read your posts all the time and you guys are doing a great job helping people!

I have a question regarding CSP.

I have a credit history of 17 months, 5 cc

amex gold:npsl

amex green:npsl

cap onene card with $1500

cap one:second card with $750

discover it:$2000 

my 3 credit scores are all a little over 700

my utilization is 16%

my longest account is with capital one i have the amex for about 4 months both of them , and i just got my discover it.

On my equifax report i think i have 3 inquires , i understand that chase pulls from there i live in SO CALIFORNIA.

never missed a payment.

last time i tried applying for the CSP , i got denied i called recon twice they said i didn't have enough history.

i applied back in january of this year and back then i only had one card with capital one.

my question is like that: i want to try and apply again, should i wait for a few more months or i can just go ahead and apply right away?

btw i do have a bank account with chase.

thanks for your help, Oz.

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Welcome to the forums!!!!

IMO I would garden at least until January. Give yourself plenty of time to get positvie history on your new accounts.

[oztsvi]

well i deposit money in my account at least twice a week , amex easly allow me to spend at least $8000 on each card.

i got my discover it last week, i don't think they will give me more credit right away.

[oztsvi]

thank you for the welcome,  January sounds good to me!

[LS2982]

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@oztsvi wrote:

well i deposit money in my account at least twice a week , amex easly allow me to spend at least $8000 on each card.

i got my discover it last week, i don't think they will give me more credit right away.

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Youe new accounts are going to be a deal breaker or borderline approval (multiple HP's) best to try it 1/14.

[enharu]

Like LS said, best to try it later then. Hopefully discover will give you a CLI before end of the year as well. You can also apply for freedom now just to get your foot into the door.

Having large amounts of deposits (I.E 5 figure range) helps too.

[FinStar]

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@LS2982 wrote:

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@oztsvi wrote:

Hi guys!

I'm new to the community of MYOPIC, but I read your posts all the time and you guys are doing a great job helping people!

I have a question regarding CSP.

I have a credit history of 17 months, 5 cc

amex gold:npsl

amex green:npsl

cap onene card with $1500

cap one:second card with $750

discover it:$2000 

my 3 credit scores are all a little over 700

my utilization is 16%

my longest account is with capital one i have the amex for about 4 months both of them , and i just got my discover it.

On my equifax report i think i have 3 inquires , i understand that chase pulls from there i live in SO CALIFORNIA.

never missed a payment.

last time i tried applying for the CSP , i got denied i called recon twice they said i didn't have enough history.

i applied back in january of this year and back then i only had one card with capital one.

my question is like that: i want to try and apply again, should i wait for a few more months or i can just go ahead and apply right away?

btw i do have a bank account with chase.

thanks for your help, Oz.

---

Welcome to the forums!!!!

IMO I would garden at least until January. Give yourself plenty of time to get positvie history on your new accounts.

---

+1

I would heed the above advice from LS and others.  The CSP is one of their premium products and Chase typically wants established history/a thicker file to leverage your approval chances.  Although it is optimal, but not always the case, your experience in having a TL of 5K (or above) to show usage and history will certainly pave the way.  Another item to keep in mind is whether the CSP currently fits your spending habits to offset the $95 AF... do you travel quite often, dine out frequently?  Otherwise, the non-AF version is an alternative, albeit with a lesser reward structure.

[oztsvi]

very interesting points guys , thanks!

[oztsvi]

Will I get approved for a freedom?