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Will I get approved for Chase Sapphire Preferred?

Valued Contributor

Will I get approved for Chase Sapphire Preferred?

CS: 740 +/- 5

 

Auto loan: 2500

 

Cards: Discover 0/1500

 

no lates or anything bad on credit report.

 

let me know if you need more info.

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 1 of 162
161 REPLIES
Moderator Emerita

Re: Will I get approved for Chase Sapphire Preferred?

Welcome to the forum!

How long have you had your Discover?
Message 2 of 162
Super Contributor

Re: Will I get approved for Chase Sapphire Preferred?


Luscher wrote:

CS: 740 +/- 5

 

Auto loan: 2500

 

Cards: Discover 0/1500

 

no lates or anything bad on credit report.

 

let me know if you need more info.


Are those Fico scores?

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 3 of 162
Valued Contributor

Re: Will I get approved for Chase Sapphire Preferred?

I got my auto lease and discover card around April 2011.....ALL payments on time. and yes that score is from this site

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 4 of 162
Frequent Contributor

Re: Will I get approved for Chase Sapphire Preferred?


Luscher wrote:

I got my auto lease and discover card around April 2011.....ALL payments on time


Are those the only 2 accounts you have? Do you have any banking relation (Checking/Savings) with Chase?

Message 5 of 162
Valued Contributor

Re: Will I get approved for Chase Sapphire Preferred?

Checking: Wells Fargo

 

Student loans: deffered.

 

nothing with chase as of yet

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 6 of 162
Super Contributor

Re: Will I get approved for Chase Sapphire Preferred?


Luscher wrote:

Checking: Wells Fargo

 

Student loans: deffered.

 

nothing with chase as of yet


Your profile looks good but IMHO Chase likes to see other 5K limits with at least 6 months of history 

Of course YMMV

Good luck should you app

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 7 of 162
Frequent Contributor

Re: Will I get approved for Chase Sapphire Preferred?


Luscher wrote:

Checking: Wells Fargo

 

Student loans: deffered.

 

nothing with chase as of yet


Honestly, I would say it is a decline. Chase Sapphire and Chase Sapphire Preferred cards are Visa Signature cards. This means that they require at least a $5,000 minimum credit line. If I were you I would apply for the Chase Freedom. You will almost be gauranteed approval for it but the credit line doesn't have to be $5,000. This will get you in with Chase and it will give you a great combo once you do get a CSP. Keep us posted if you decided to app!

Message 8 of 162
Valued Contributor

Re: Will I get approved for Chase Sapphire Preferred?

haha yes I know they all look for higher credit limits on other cards but unfortionatly I have Discover and they do not like to give high credit limits. Im still unsure if I will be approved? Does chase care more about credit score or income for this card?

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 9 of 162
Valued Contributor

Re: Will I get approved for Chase Sapphire Preferred?

The only problem with that is, I only want 2 cards so if I went for the freedom I would hav the discover and freedom and then of course I want the saphire so that would make it 3 after I got the saphire! tough choices

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 10 of 162