topic Re: CSP Approval Odds in Credit Card Approvals

CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 00:05:26 GMT

Hi everyone,

just curious to to see what you all thought about my odds for a CSP Approval.

My current FICOs are 770 EQ with 4 inquiries, 771 TU with 8 inquiries, and 750 EX with 13 inquiries. My AAoA is a little over 6 years, no my oldest card is 29 years thanks to AMEX backdating. My income is a little over 100K and Util is at around 5%.

I'm just worried about my recent inquiries and new accounts. Since November, I have opened up a BCP, Chase Freedom, Chase Amazon, Sallie Mae, Cap One QS, Chase Ritz, I also have a discover that was opened in June 14, and a AMEX PRG and Platinum that were just opened and not reported yet. I do not have any current balances on the Chase Amazon or Freedom, but I have a balance of about $550 out of 9K on the Ritz. What do you guys think? I don't want to waste another EX HP.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 00:07:01 GMT

Have you tried the Chase prequal site to see if CSP pops up?

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 00:13:20 GMT

I did and nothing came up. The freedom came up for me in the past.

Re: CSP Approval Odds

CreditCuriosity — Mon, 09 Feb 2015 00:14:57 GMT

@Anonymous wrote:
Hi everyone,

just curious to to see what you all thought about my odds for a CSP Approval.

My current FICOs are 770 EQ with 4 inquiries, 771 TU with 8 inquiries, and 750 EX with 13 inquiries. My AAoA is a little over 6 years, no my oldest card is 29 years thanks to AMEX backdating. My income is a little over 100K and Util is at around 5%.

I'm just worried about my recent inquiries and new accounts. Since November, I have opened up a BCP, Chase Freedom, Chase Amazon, Sallie Mae, Cap One QS, Chase Ritz, I also have a discover that was opened in June 14, and a AMEX PRG and Platinum that were just opened and not reported yet. I do not have any current balances on the Chase Amazon or Freedom, but I have a balance of about $550 out of 9K on the Ritz. What do you guys think? I don't want to waste another EX HP.

I think you will be fine... Only thing I would be slightly worried about is all the new chase cards in such a short time, this would make 4 in 4 months... Depending on your limits of your other ones, Chase might feel over exposed.. Your scores are strong enough for sure.. I don't think Inquires would stop you 6 new cards is just a bit scary is all to avoid AA.. How much in new credit? I think you would be ok though.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 00:15:38 GMT

You have a good chance but you might have to reallocate some credit limits if you are close to their internal limit for you.

Re: CSP Approval Odds

CreditCuriosity — Mon, 09 Feb 2015 00:17:11 GMT

@Anonymous wrote:
I did and nothing came up. The freedom came up for me in the past.

Did you recently take an offer from them? If you read the writting on their pre-qual site it says either opted out OR you recently accepted an offer.

That could be the reason no pre-quals are showing up.. They recently changed that portion of the site i believe

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 00:17:50 GMT

Chase has my highest limit actually at 9k, so that's a good point that they might feel like they are giving me too much. I guess if I do get denied there is always the venture....

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 00:18:41 GMT

I took the Chase freedom prequal offer in early December so that could be why nothing is showing up on prequal

Re: CSP Approval Odds

CreditCuriosity — Mon, 09 Feb 2015 00:21:12 GMT

Also a side note, also make sure you don't close the cards after the bonus is met and transfer limits. That is just my opinion as well. I do think you would be ok though and most likely would be approved...Just tread carefully on bonuses as stated if that is what you are after and continue to put purchases on the other cards after the spend has been met.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 03:25:53 GMT

Thanks for the support everyone. I just applied and got the 7 to 10 message. I'm assuming it's because they have already given me my most credit so far. Looks like I'll be calling tomorrow, but I'm expecting denial.

Re: CSP Approval Odds

CreditCuriosity — Mon, 09 Feb 2015 04:10:46 GMT

Best of luck on the recon! Let us know the outcome please.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 04:47:13 GMT

@Anonymous wrote:
Thanks for the support everyone. I just applied and got the 7 to 10 message. I'm assuming it's because they have already given me my most credit so far. Looks like I'll be calling tomorrow, but I'm expecting denial.

Not necessarily. Every time I apply I get that message. Check the application status on the phone and then call in the morning.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 04:49:26 GMT

@Anonymous wrote:
@Anonymous wrote:
Thanks for the support everyone. I just applied and got the 7 to 10 message. I'm assuming it's because they have already given me my most credit so far. Looks like I'll be calling tomorrow, but I'm expecting denial.
Not necessarily. Every time I apply I get that message. Check the application status on the phone and then call in the morning.

Isn't that mostly because they still think you owe them money?

Re: CSP Approval Odds

CreditCuriosity — Mon, 09 Feb 2015 04:58:29 GMT

@Anonymous wrote:
@Anonymous wrote:
Thanks for the support everyone. I just applied and got the 7 to 10 message. I'm assuming it's because they have already given me my most credit so far. Looks like I'll be calling tomorrow, but I'm expecting denial.
Not necessarily. Every time I apply I get that message. Check the application status on the phone and then call in the morning.

Well I get the 30 day message which is recon.. So really depends on the email I am guessing.. 30 days are verification usually.. Or if phone system say two weeks it is verification, if phone says 7-10 days, usually not good. Obviously I could be wrong as well, but this is how i remember it.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 05:09:33 GMT

This happened twice to me before when applying for the Freedom. First time was a denial and than denial by recon(had high until) and second time was a denial and then approval by recon. Chase is odd for me though. I applied for the ritz a week after the second Freedom recon and was instantly approved for 9k.

I tried calling the automated app status number and after entering my SS number the system just kept saying the same options over and over.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 05:12:34 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Thanks for the support everyone. I just applied and got the 7 to 10 message. I'm assuming it's because they have already given me my most credit so far. Looks like I'll be calling tomorrow, but I'm expecting denial.
Not necessarily. Every time I apply I get that message. Check the application status on the phone and then call in the morning.
Isn't that mostly because they still think you owe them money?

That's true. Hopefully my continued good use of my current cards wil eventually lead them to give me instant approvals.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 15:27:41 GMT

Hey Everyone,

Just wanted to update that I called the credit analysts this morning. They sent me right over to the Fraud department. I had to answer the typical address verification questions, and then I was instantly approved for 8K! My second highest CL to date. I'm glad I didn't have to recon and try to BS why I had so many new acconts and inquries. This forum really is such a great resource. Thank you for all your help!

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 15:30:32 GMT

@Anonymous wrote:
Hey Everyone,

Just wanted to update that I called the credit analysts this morning. They sent me right over to the Fraud department. I had to answer the typical address verification questions, and then I was instantly approved for 8K! My second highest CL to date. I'm glad I didn't have to recon and try to BS why I had so many new acconts and inquries. This forum really is such a great resource. Thank you for all your help!

Congrats!

Re: CSP Approval Odds

CreditCuriosity — Mon, 09 Feb 2015 15:51:23 GMT

Congrats.

Re: CSP Approval Odds

Anonymous — Mon, 09 Feb 2015 15:55:51 GMT

@Anonymous wrote:
Hey Everyone,

Just wanted to update that I called the credit analysts this morning. They sent me right over to the Fraud department. I had to answer the typical address verification questions, and then I was instantly approved for 8K! My second highest CL to date. I'm glad I didn't have to recon and try to BS why I had so many new acconts and inquries. This forum really is such a great resource. Thank you for all your help!

@Anonymous,

That is a nice limit...