Reply
Member
matopek
Posts: 9
Registered: ‎05-22-2013
0

Recon CSP

[ Edited ]

Just apped for the Chase Sapphire Preferred card for the benefits/points bonus. I got the "Application under review, check back in two weeks" message and tried the automated status line. No information on there either, so I called up the recon line for app status. Person on phone said application was denied (after putting me on hold for about a minute), and cited the reasons (Too many inquiries, 1 new card from Chase over a month ago, two other new cards, debt ratio because of student loan (although she said payments were deferred on that...implying that maybe that is fine)).

 

Card portfolio:

 

Chase Freedom- $2.5K Opened April 13

Amex Blue - $2K Opened April 13

Discover - $750 Opened Nov 12

Cap One - $500 Opened May 12

Barclays - $250 Opened April 13

BOA - $700 - Opened May 13

 

I know CSP requires line of $5K. I was thinking that I am due for an Amex 3x CLI in a few weeks, and may bump that up to 6K limit. Also got a recent auto CLI from Discover. Also, no bad things on report, spotless payment history.

 

Is it worth calling the recon line again for a second time? I kind of only called the first time to seek application status, and wrote down denial reasons. The person on the phone seemed rather rushed so I figured I'd wait to recon. I figured I already took the HP for this application.

Valued Member
drinkthekoolaid
Posts: 76
Registered: ‎06-05-2013
0

Re: Recon CSP

The CSP is one of their top tier cards, and the generally like to to see the 5 k limit before they grant the card. I have seen it where someone got approved without it but they had great income like 70,000+ and had a good amount of low limit cards. From your profile it seems they want you to build some payment history with Chase with that Freedom before they give you more credit on another card.. Let the accounts age, and then after you AMEX CLI reports you can try again but its a 50/50 shot. Always can recon again with a different rep since you did already take the HP and it can't hurt to try again! 

Chase Sapphire Preferred VISA SIGNATURE- $10,000~ AMEX Platinum -$NPSL ~ Citi Diamond Preferred $6,000
USAA MASTERCARD - $10,000 ~ Amex GOLD PR - $NPSL
Commerce Bank Visa $5,000 ~ AMEX BCE - $3,000
USAA Student VISA - $1,000 ~ Chase Freedom - $500
Frequent Contributor
JaeJae12
Posts: 331
Registered: ‎04-15-2013
0

Re: Recon CSP

I don't think they will approve because I was in the same place as you like 2 months ago, but I had no cards under 1000, since you got the chase freedom they will want to see you use it first... Just like me.... And also having a CL of 5k+ or similar is better

BCE- 30000 -BOA 123 7400 -Freedom- 28789- Citi Forward- 19900 -Citi DC- 23800-CSP 22.5k
Garden mode 3/25/14



Super Contributor
enharu
Posts: 6,913
Registered: ‎02-27-2013
0

Re: Recon CSP

Chase would prefer you already have a 5k limit though that isn't an absolute requirement. I would recommend you try again in 6-12 months.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Moderator
09Lexie
Posts: 25,558
Registered: ‎09-13-2012
0

Re: Recon CSP

[ Edited ]
Although I agree with the others about Chase I also think why not try again?. Chances are slim with the recent accts and relatively low CL's but its worth trying. In the future it's always best to app when your cr are optimal and coincide with that lenders standards for approval.

Good luck if you decide to recon.
Frequent Contributor
JaeJae12
Posts: 331
Registered: ‎04-15-2013
0

Re: Recon CSP

Off topic but I wish someone can make a post of there experience getting the CSP( as I want one too :smileysad:...)...

From denial towards finally getting it lol...( not through recon), like what did they to finally getting approved

BCE- 30000 -BOA 123 7400 -Freedom- 28789- Citi Forward- 19900 -Citi DC- 23800-CSP 22.5k
Garden mode 3/25/14



Super Contributor
enharu
Posts: 6,913
Registered: ‎02-27-2013
0

Re: Recon CSP

Jae, it really isn't hard to get the CSP. Manage your finances well, and let time do the rest. That's all there is to getting most of the credit cards out there. The only exceptions are those really hard to get cards such as the centurion, palladium, etc because there's a minimum asset / spend requirement.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Regular Contributor
Omnipotent
Posts: 156
Registered: ‎06-22-2013
0

Re: Recon CSP

Not so much the limits on your other cards but more like the history with your cards. I would have waited for that CLI on the Amex and then went for it after it reported. Think that would have done it
Established Contributor
kobe2012
Posts: 690
Registered: ‎03-16-2012
0

Re: Recon CSP


enharu wrote:
Jae, it really isn't hard to get the CSP. Manage your finances well, and let time do the rest. That's all there is to getting most of the credit cards out there. The only exceptions are those really hard to get cards such as the centurion, palladium, etc because there's a minimum asset / spend requirement.

I agree with enharu.... before I got my first chase card, I thought that CSP is only for people with really high income.... but after reading so much success stories on this forum, I think it's just another credit card that almost anyone of us can get.... with decent scores and ok income... and chase is also great on recons .... although I do not have this card, I do have two chase cards, freedom and slate that were both approved on recon, only 6 months apart between approvals... my  freedom card that went from $500 to $1000 to $5000 in 6 months...... (cli denied but reconned from 1k to 5k w/ no hp).... I'm thinkin twice now if I want this card, other than it's metal, I do not think i have a use for it since I do not travel much.... but maybe....


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Frequent Contributor
JaeJae12
Posts: 331
Registered: ‎04-15-2013
0

Re: Recon CSP

I'm in the garden waiting to reapply Lols( I want the card cus my Fam travels quite abit.. For vacations

BCE- 30000 -BOA 123 7400 -Freedom- 28789- Citi Forward- 19900 -Citi DC- 23800-CSP 22.5k
Garden mode 3/25/14




myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+