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New Member
DougieFresh1
Posts: 9
Registered: ‎07-10-2013

Would I get approved for Sapphire Preferred?

I am wanting to apply for the Chase Sapphire Preferred but my concern is that I have too many chase credit cards.. 

 

I have:

Chase Slate - $1100 

Chase Freedom - $6500

 

What are the chances of getting approved for a new CC? Also would it be possible to upgrade the chase slate to the sapphire?

 

-July 8, 2013 Scores-
Equifax: 732 - Experian: 750 - Transunion: 748
-Equifax Fico-
729
-Primary Cards-
AMEX Blue Cash Preferred: $18,000 - Discover: $3,000 - Chase Slate: $1,100 - Chase Freedom: $6,500
Moderator
09Lexie
Posts: 24,095
Registered: ‎09-13-2012

Re: Would I get approved for Sapphire Preferred?

[ Edited ]
Welcome to the forum!

No, you cannot PC the Slate to the CSP. How long have you had the Chase cc's?

Edit: I do recall some being able to PC their Freedom to CSP.
Valued Contributor
daybreakgonesXe
Posts: 1,621
Registered: ‎11-17-2012

Re: Would I get approved for Sapphire Preferred?


DougieFresh1 wrote:

I am wanting to apply for the Chase Sapphire Preferred but my concern is that I have too many chase credit cards.. 

 

I have:

Chase Slate - $1100 

Chase Freedom - $6500

 

What are the chances of getting approved for a new CC? Also would it be possible to upgrade the chase slate to the sapphire?

 


Considering your scores and credit lines, you should be a shoe-in for the CSP...i would recommend apping for it instead of PCing your slate, just because of the bonus offer!

 

In case that you do get denied for having "sufficient credit" with Chase (usually based on the amount borrowed across all cards, and not necessarily how many you have), definitely recon and offer to move some credit from the slate and freedom over to the CSP...so say they could give you $3000, making your maximum exposure $10,600 altogether through Chase. You could move $1500 from the Freedom, and $500 from the Slate, keeping your exposure at $10,600, yet allowing you to open the CSP AND receive the bonus points, effectively making your new credit lines: Slate - $600 Freedom - $5000 CSP - $5000.

 

Best of luck!

Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $7k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k

EQ FICO 737 TU FICO 746 Credit Karma (TU) 777 Transrisk 807/990 Credit Sesame (EX) 762 Credit.com (EX) 763 VantageScore 3.0 751
Frequent Contributor
Laugh
Posts: 254
Registered: ‎12-29-2012

Re: Would I get approved for Sapphire Preferred?

Assuming that you have at least 6 months of the freedom and slate under your belt, you are ready to goooo!

 

Don't upgrade! You'll lose the bonus. 

 

You can apply for the CSP. Once you're approved, you can move the chase slate limit to the CSP if you don't need the slate anymore.

Cards: CSP 5k, Chase Freedom 5k, United Explorer 2k, BCP 7.5k, Sallie Mae 3.9k, Discover 5k, Walmart Discover 6k, BOFA Better Rewards 3.8k
New Member
DougieFresh1
Posts: 9
Registered: ‎07-10-2013

Re: Would I get approved for Sapphire Preferred?

I've had the Chase Slate card for about 5 years. It was my first CC ever and became the slate. 

I have had my Chase freedom card for almost 2 1/2 years.

 

 

-July 8, 2013 Scores-
Equifax: 732 - Experian: 750 - Transunion: 748
-Equifax Fico-
729
-Primary Cards-
AMEX Blue Cash Preferred: $18,000 - Discover: $3,000 - Chase Slate: $1,100 - Chase Freedom: $6,500
Moderator
09Lexie
Posts: 24,095
Registered: ‎09-13-2012

Re: Would I get approved for Sapphire Preferred?

I'd say you are an approval waiting to happen! Good luck!
Established Contributor
KIPPIE12
Posts: 619
Registered: ‎05-09-2009

Re: Would I get approved for Sapphire Preferred?

+1

Current Score: EQ: 781 TU: 798 EX: 802 (Fico) 8/13
Goal Scores: 760 Across all 3-Finally


Citi TY Premier 36k| Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| CapOne 15K|Chase Freedom VS 19.3k|Citi Dividend WMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Sams Discover 10k|Chase IHG Select Visa 26k|Macys 5k

New Member
DougieFresh1
Posts: 9
Registered: ‎07-10-2013

Re: Would I get approved for Sapphire Preferred?

Nice.. good to hear!

 

I'm hoping I don't get a low credit line. Would like to have this be me primary card and something close to where my AMEX limit is.

 

Also is it better to go to the bank or apply online? And once I get the preferred, if for any reason would like to downgrade, possible?

 

 

-July 8, 2013 Scores-
Equifax: 732 - Experian: 750 - Transunion: 748
-Equifax Fico-
729
-Primary Cards-
AMEX Blue Cash Preferred: $18,000 - Discover: $3,000 - Chase Slate: $1,100 - Chase Freedom: $6,500
Senior Contributor
youngandcreditwrthy
Posts: 6,137
Registered: ‎08-16-2012

Re: Would I get approved for Sapphire Preferred?

I think a good question is in regards to how you've been using your Chade cards.
Are they maxxed out?
Pif ?

Will Chase approve you for an additional card, even if your current card is maxxed out?
I'm asking bc I want CSP, but my Freedom is maxxed out due to 0%; no missed payments and I usually pay 5-10% of my $4509 balance.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
New Member
DougieFresh1
Posts: 9
Registered: ‎07-10-2013

Re: Would I get approved for Sapphire Preferred?

99% of the time I pay off my card monthly. Specifically with my Chase cards I'm probably only spending 1k/month. On my amex about 5k/mo . But everything normally paid off by the end of the month. 

 

Float between 0-2% utilization

 

-July 8, 2013 Scores-
Equifax: 732 - Experian: 750 - Transunion: 748
-Equifax Fico-
729
-Primary Cards-
AMEX Blue Cash Preferred: $18,000 - Discover: $3,000 - Chase Slate: $1,100 - Chase Freedom: $6,500

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