Credit Cards

[zeusta20]

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???

[maiden_girl]

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.

[visorboy1974]

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zeusta20 wrote:

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

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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.  

[ricefed]

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.

[bettercreditguy1]

+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.

[zeusta20]

Thanks for the info! I really appreciate it.

[zeusta20]

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.

[CotySinz]

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.

[AF_23]

Definitely wait, its a tough card to acquire

[distantarray]

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