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Regular Contributor
Posts: 107
Registered: ‎03-07-2013
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i reallyyyyy want chase sapphire preffered

few of my stats:

discover CL 1000- over 5 yrs old

jared and kay cards-1200 2yrs old

cap 1-1500 7 months

citi simplicity-1000 3 months old

chase southwest- 5000 3 months old

 

current util is 10%

no baddies

aaoa 1 yr 9 months (all the new cards brought it down)

11 inq (student loan shopping last year and car shopping in january)

63k a year

new car loan 2/2013 26k


TU score 680, EX score 696, EQ 672

 

when should i apply? any help???? thanks!!!!

Barclays TU: 760 MyFico EX: 746 EQ:?

Established Contributor
Posts: 554
Registered: ‎06-02-2012
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Re: i reallyyyyy want chase sapphire preffered


jaraico wrote:

few of my stats:

discover CL 1000- over 5 yrs old

jared and kay cards-1200 2yrs old

cap 1-1500 7 months

citi simplicity-1000 3 months old

chase southwest- 5000 3 months old

 

current util is 10%

no baddies

aaoa 1 yr 9 months (all the new cards brought it down)

11 inq (student loan shopping last year and car shopping in january)

63k a year

new car loan 2/2013 26k


TU score 680, EX score 696, EQ 672

 

when should i apply? any help???? thanks!!!!


given what you said... in about 6 months to a year

"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

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Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: i reallyyyyy want chase sapphire preffered

Usually, my advice would be wait 6 months to a year but the CSP seems to be more income sensitive.

 

Scores aren't great but you may still be on the borderline of what they'll approve.

 

I'd ask Discover for a CLI (no HP), see if that improved your score, then apply in a few months.

 


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Regular Contributor
Posts: 107
Registered: ‎03-07-2013
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Re: i reallyyyyy want chase sapphire preffered

i was thinking once im with chase for 6 months and average age of accounts reaches 2 years my experian will hit 700.

im in san diego and its been my experience chase likes to pull experian. once i get this card im gardening until i buy a house=]

 

thanks for quick reply

Barclays TU: 760 MyFico EX: 746 EQ:?

Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
0

Re: i reallyyyyy want chase sapphire preffered

If Discover will give you a CLI, with no hard pull, there's really no reason to wait beyond when the statement cuts.

 

Chase is fairly reasonable to deal with during reconsideration. If denied for too many inquiries all you have to do is tell them about recently getting a car and student loans.

 

I generally try to pay before statements cut. That might give you a few more points.

 


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: i reallyyyyy want chase sapphire preffered


jaraico wrote:

few of my stats:

discover CL 1000- over 5 yrs old

jared and kay cards-1200 2yrs old

cap 1-1500 7 months

citi simplicity-1000 3 months old

chase southwest- 5000 3 months old

 

current util is 10%

no baddies

aaoa 1 yr 9 months (all the new cards brought it down)

11 inq (student loan shopping last year and car shopping in january)

63k a year

new car loan 2/2013 26k


TU score 680, EX score 696, EQ 672

 

when should i apply? any help???? thanks!!!!


I would wait at least 6 more months and when your score is above 700.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
Posts: 371
Registered: ‎12-30-2012
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Re: i reallyyyyy want chase sapphire preffered

income sensitive? is $55k enough?


CSP-$8700, Amex BCE-17.2k, Chase Freedom-$5700
Discover It-$6600, USAA MC-$5900 Ink Bold- $18k
EQ-742 EX-702 TU-737
Valued Contributor
Posts: 1,292
Registered: ‎08-19-2012
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Re: i reallyyyyy want chase sapphire preffered


E150GT wrote:

income sensitive? is $55k enough?


Yes, that's what my income is and I got it with a 700 and an old paid CO from Chase (2005) as my only baddie

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
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Re: i reallyyyyy want chase sapphire preffered

Chase seems fairly open about liking income to be above $50K for their Signature and Preferred products.

 

Even with a good score and clean history, my Freedom isn't eligible for Signature upgrade. I'd qualify using household income but don't feel doing that should be necessary.

 


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Valued Contributor
Posts: 1,486
Registered: ‎08-30-2011
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Re: i reallyyyyy want chase sapphire preffered

[ Edited ]

jaraico wrote:

few of my stats:

discover CL 1000- over 5 yrs old

jared and kay cards-1200 2yrs old

cap 1-1500 7 months

citi simplicity-1000 3 months old

chase southwest- 5000 3 months old

 

current util is 10%

no baddies

aaoa 1 yr 9 months (all the new cards brought it down)

11 inq (student loan shopping last year and car shopping in january)

63k a year

new car loan 2/2013 26k


TU score 680, EX score 696, EQ 672

 

when should i apply? any help???? thanks!!!!


At minimum...at least 3 months, when that AAofA becomes one year, and that Chase SW is 6months old. 

 

But as others have said, better to wait 6-12 months.  Give everything a chance to age, those INQ will fall off/not negatively affect your score at 12 months down the road.   You also might get some auto-CLI from Discover and CITI that would help you out, or you could request a CLI on those 2 as long as it's a SP.  Don't take a HP for anything right now. 

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10.5K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 823 TU = 822 as of 07/15
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