Really want a chase sapphire preferred

[randeman]

Chase Sapphire is a signature card and carries a minimum $5K limit.  I have heard of signature cards having lower limits, but $5K is the standard.

[MissCredit9]

I'm wondering why you want this card so badly? The amount you would have to spend to collect the sign-up bonus is way more than someone with your income should be spending in 3 months. You will likely end up carrying a balance and there is no introductory 0% on this card so you are starting off at a loss. The restaurant and travel rewards dont surpass the yearly fee unless you spend big in those categories. What would you say your top three reasons for wanting this card are?

[parakleet]

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@gpfirestone wrote:

I guess I assumed they would be attempting to save some money...I forget some people like to spend every dime they earn.

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You can use your CC on things that aren't solely slated for "disposable income." For example - groceries, phone bill, utilities, gas, etc. I use my CC on most, if not all, on my fixed expenses such as the ones listed. And I use the CSP for a lot of those expenses. 

I also think OP's reasons for wanting the CSP shouldn't be derided - it's easy to judge other's reasoning. The issue is whether or not the OP would be able to get the CSP. 

[09Lexie]

I am pretty sure there's a member who has the CS with a $2200 CL.

[red259]

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@shane82388 wrote:

The CSP has a minumum credit limit of $5k?

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Yes. I was told this by the chase rep directly when I apply that all CSP have to be at least 5k. Not sure about CS, but honestly I do not know why someone would want that card anyway unless they had a CSP and didn't want to pay the annual fee anymore but still wanted to keep the account open for AAoA/CL util purposes. The CSP is valuable because you can transfer points to other travel partner programs. You can't do that with CS as far as I know. 

[Dustink]

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@shane82388 wrote:

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@Dustink wrote:

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@shane82388 wrote:

The CSP has a minumum credit limit of $5k?

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yes

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Ah never knew that. How about on the regular Chase Sapphire?

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No $5k minimum on the regular sapphire.

[Blackbeauty212]

speaking of the CSP and CS... Does anyone know if the CS approval is auto considered if not qulified for the CSP? Or are they 2 separate apps altogether? 

[red259]

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@Blackbeauty212 wrote:

speaking of the CSP and CS... Does anyone know if the CS approval is auto considered if not qulified for the CSP? Or are they 2 separate apps altogether? 

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No. Whether or not you can ask on recon to be considered for the CS if denied the CSP is a different issue, although when I tried to recon the CSP I was never given that option and was pretty much told for any other card I had to reapply.

[djc1puno]

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@Blackbeauty212 wrote:

speaking of the CSP and CS... Does anyone know if the CS approval is auto considered if not qulified for the CSP? Or are they 2 separate apps altogether? 

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two separate apps...not like apping for a store card where they try to qualify you for a higher card then if not approved try you for the lower card...with CS and CSP's, both would be separate apps

[CreditScholar]

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@parakleet wrote:

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@gpfirestone wrote:

I guess I assumed they would be attempting to save some money...I forget some people like to spend every dime they earn.

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You can use your CC on things that aren't solely slated for "disposable income." For example - groceries, phone bill, utilities, gas, etc. I use my CC on most, if not all, on my fixed expenses such as the ones listed. And I use the CSP for a lot of those expenses. 

I also think OP's reasons for wanting the CSP shouldn't be derided - it's easy to judge other's reasoning. The issue is whether or not the OP would be able to get the CSP. 

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There's a huge difference in disposable income depending on whether or not he's still living at home. If he has no rent, utilities, etc. then 25k could be mostly disposable. However if he isn't financially supported by someone else, then there probably won't be much left over (if anything).

Regardless, it still won't be enough for the CSP.