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Established Contributor
Posts: 586
Registered: ‎02-22-2011
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What are my chances of getting approved for the Chase Sapphire Preferred Card?

Hello all,

 

I was wondering if anyone out there knew the qualifications for getting approved for the Chase Sapphire Preferred Card. I'm 22 and have been building credit since I was 18. I told myself that i'd only have 5 credit cards. Currently I have 4 and I want my 5th one to be the CSP. I currently have the following cards w/balances.

 

AMEX Green: NPSL

Wells Fargo: 3,600 ($591.00)

Citi Preferred: 2,200 (1,971.00)

1st Financial Bank USA: 4,900 ($2,773.00)

 

I'm working on paying off everything, but I just was wondering if I even had a chance where I stand right now. I'm almost finished paying my WF card, and then i'm moving on to the next.

 

677-TU

669-EQ

?-EX

 

also, does anyone know how I can find my fico score for Experian???

 

 

CL-5kNPSLCL-3.6kCL-4kCL-7.5kCL-7kCL 7.9kCL-4.2k
GARDENING SINCE 07/13/13
Valued Contributor
Posts: 2,110
Registered: ‎12-29-2011
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

[ Edited ]

Slim chance. Your scores are low and your UTIL is way too high. I'd wait until you got rid of at least 2 balances or got your UTL down to 20% or less. Excessive credit obligations are too high for CSP. You're nearly maxed out with Citi. I'd wait.

The truth is out there...
FICO scores: 764 (EQ) 732 (EX) 757 (TU) 9/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Mastercard (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Valued Contributor
Posts: 1,142
Registered: ‎05-17-2010
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?


zeusta20 wrote:

 

also, does anyone know how I can find my fico score for Experian???

 

 


The only place that issues EX FICO is PSECU, but unless you live in PA or have a reletive who is already a member, the membership loophole is closed.  You can also check Credit Sesame...it seems close to your FICO if you have no negatives on your report.  

Contributor
Posts: 116
Registered: ‎02-17-2011
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

Your utilization is way to high. Mine was at 44% in October when I apped for freedom and was denied. I got it down to 23% in November and decided to try for the csp and approved. I also had a banace from another card I wanted to transfer do I applied for the slate and also approved lol. My Walmart fico was a 690 and chase sent me a vantage score and it was 707. When I was denied for the freedom I tried to recon and they wouldn't even do it for a 500 limit.
NFCU cash rewards 10,000 -Chase Sapphire Preferred 6,900-Chase Slate 6,000- Amazon 10,000 - Walmart 10,000- lowes 12,000 - Kay jewelers 7,500 - Amex Zync NPSL - CarCare One 500
Established Contributor
Posts: 760
Registered: ‎02-11-2012
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

+1 to the fact you have way too much debt! Your utilization is way to high, red flags waving everywhere. You need to get it under 20%. What other baddies or paid accounts/history do you have? Generally speaking Chase will not extend credit if you have charge offs, judgements or collections either.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Established Contributor
Posts: 586
Registered: ‎02-22-2011
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

Thanks for the info! I really appreciate it.

CL-5kNPSLCL-3.6kCL-4kCL-7.5kCL-7kCL 7.9kCL-4.2k
GARDENING SINCE 07/13/13
Established Contributor
Posts: 586
Registered: ‎02-22-2011
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

Thanks! Yea, I kinda figured much, but I wasn't sure. I've NEVER ever been late on a payment or had any type of charge offs. So the only thing hurting me at the moment is my utilization. I don't have any other debt except for my credit cards at the moment. My Citi card is only close to being maxed out because they were offering me 0% for 18 months, and I did a balance transfer and did as much as I could.

 

Thanks for the input though. Everything helps.

CL-5kNPSLCL-3.6kCL-4kCL-7.5kCL-7kCL 7.9kCL-4.2k
GARDENING SINCE 07/13/13
Regular Contributor
Posts: 237
Registered: ‎06-27-2011
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

I didn't get approved with less than 10% util and a 753 TU. Althought I have a lot of inqs so.

 

But I wouldn't waste the HP with your util.


Starting: 563 | Current: 753 (Walmart TU 11/12) | Goal: 800 | Garden since: 01/15/2013

Frequent Contributor
Posts: 288
Registered: ‎02-06-2012
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Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

Definitely wait, its a tough card to acquire

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: What are my chances of getting approved for the Chase Sapphire Preferred Card?

utility is way too high besides that it looks fine =p


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
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