topic Re: CSP Odds? in Credit Card Approvals

CSP Odds? UPDATE: APPROVED!!!

SSA_2013 — Sat, 01 Jun 2013 01:22:01 GMT

After looking around at a few cards...I like the Chase Sapphire Preferred card. The issue is I'm not sure if I have a good shot at getting approved or if I should wait a bit. Any advice?

Credit Stats:

0 Negatives

7 Revolving Accounts (Highest Credit Line -$2,500. Total credit limits~$12,000. I could allocate some from a 2nd card to push it over $3,000-$4,000 but like the benefits of the 2 cards. Perhaps bumping up one card for a few months until I can request a CLI?)

Chase Freedom holder for 6 Months and a checking account holder for about 5-6 years.

Utilization is about 1%.

7 inquiries on EXP (3 are over a year old)

About 1 year and 6 months of total credit history. Average Age of Accounts( I believe around 1 year. Might be a little off)

Thanks in advance!

Re: CSP Odds?

mcf — Sat, 01 Jun 2013 00:25:39 GMT

Just my 2 cents.. they like relationships.. since you already have one, why wouldnt they approve you? what are your scores? If they are decent around above 700 id say your a shoe in.

Re: CSP Odds?

parakleet — Sat, 01 Jun 2013 00:26:23 GMT

Do you have any idea about your scores? Since you have a young-ish file, income will probably make a difference. Also, what's your limit on the freedom and the rest of your cards? It will be more helpful to know what type of cards you already have, their CL, in addition to the total CL.

Re: CSP Odds?

mcf — Sat, 01 Jun 2013 00:28:34 GMT

LOL im a bad influence ehhh? I say go ahead and do what makes you happy, what makes your wallet feel good! If not approved there is always a recon!

Re: CSP Odds?

myjourney — Sat, 01 Jun 2013 00:31:13 GMT

If scores are in the 695 range and you have a year of CC history I think you stand a 99% and I don't say that much

Good luck should you apply

Re: CSP Odds?

parakleet — Sat, 01 Jun 2013 00:33:39 GMT

Well, I shall defer to the majority - you shouldn't have any problems with no baddies and the year of CC history. Good luck!

Re: CSP Odds?

Creditaddict — Sat, 01 Jun 2013 00:35:10 GMT

Yup, I say APPLY!

Re: CSP Odds?

Anonymous — Sat, 01 Jun 2013 00:36:22 GMT

I would agree with other members that you have a good chance in getting approved.
Chase values existing relationship so even if you are rejected manual recon has high chance of approval.
Best of luck. Do let us know the outcome if you app.

Re: CSP Odds?

Anonymous — Sat, 01 Jun 2013 00:38:59 GMT

@myjourney wrote:
If scores are in the 695 range and you have a year of CC history I think you stand a 99% and I don't say that much
Good luck should you apply

LOL. That could apply to me...

But, OP best of luck!!!

Re: CSP Odds?

mcf — Sat, 01 Jun 2013 00:39:31 GMT

THE SUSPENSE IS KILLIN ME!!!! Did you apply?? lol.. Im living vicariously through you young apper!!

Re: CSP Odds?

myjourney — Sat, 01 Jun 2013 00:40:50 GMT

@Anonymous wrote:
@myjourney wrote:
If scores are in the 695 range and you have a year of CC history I think you stand a 99% and I don't say that much
Good luck should you apply
LOL. That could apply to me...

But, OP best of luck!!!

Back to the garden for you ROFLOL

Re: CSP Odds?

myjourney — Sat, 01 Jun 2013 00:41:24 GMT

@mcf wrote:
THE SUSPENSE IS KILLIN ME!!!! Did you apply?? lol.. Im living vicariously through you young apper!!

Lol

wooo saaaa

Re: CSP Odds?

SSA_2013 — Sat, 01 Jun 2013 00:49:40 GMT

My FICO Scores are over 700. My fear is that my Freedom limit is only $1,500 and I don't have a card with a $5,000 limit. I've seen many people denied over that but is $2,500 close enough?

Re: CSP Odds?

mcf — Sat, 01 Jun 2013 00:52:42 GMT

guess youll have to apply to find out. If i was in your shoes id try, thats just me.

Re: CSP Odds?

mcf — Sat, 01 Jun 2013 00:56:00 GMT

Btw im doing the good luck app dance for you!

Re: CSP Odds?

mcf — Sat, 01 Jun 2013 00:59:07 GMT

hurry my legs and arms are about to fall off!!

Re: CSP Odds?

Anonymous — Sat, 01 Jun 2013 01:01:54 GMT

DO IT!!! You can always recon and bring up your positive history w/ them!

Re: CSP Odds?

SSA_2013 — Sat, 01 Jun 2013 01:02:24 GMT

Well, I got a "further review is needed" message.

Re: CSP Odds?

myjourney — Sat, 01 Jun 2013 01:03:07 GMT

@SSA_2013 wrote:
My FICO Scores are over 700. My fear is that my Freedom limit is only $1,500 and I don't have a card with a $5,000 limit. I've seen many people denied over that but is $2,500 close enough?

Chase does like to see another 5.000 limit but I have also seen them grant people there first 5,000

YMMV

Re: CSP Odds?

myjourney — Sat, 01 Jun 2013 01:03:33 GMT

Call now