topic Re: chase sapphire preferred odds in Credit Card Approvals

chase sapphire preferred odds

Anonymous — Thu, 10 Sep 2015 23:36:21 GMT

Hello. I was always reading posts but never commented. Finally made an account.

I'm currently a student but I work too. I have three credit cards,

Discover it 1,000 limit just got a increase without asking

Chase freedom 500 opened this year

Amex gold delta 9,000 got a credit limit increase less than a month ago, also opened this year.

I am very very interested in getting the sapphire preferred. What are my chances?

I usually make big purchase with my Amex card but u pay it in full. Recently,I was able to see my Amex fico score for free and it said it went from 688 to 650. My fico score provided by discover is a 690. I only use a fake score to check because I don't want my score to go down more...I also have three inquiries one being taken off next month.

The reason why I'm so eager to have this card is because I travel a lot. I was told I can use the bonus points from sapphire with delta as well...I don't know if that's even correct... but I've been afraid to apply to any more cards because I don't want my score to go down more.

Thank you!

(Also sorry if I put this in the wrong section or if a thread was already made.)

Re: chase sapphire preferred odds

kdm31091 — Thu, 10 Sep 2015 23:45:10 GMT

@Anonymous wrote:
Hello. I was always reading posts but never commented. Finally made an account.

I'm currently a student but I work too. I have three credit cards,
Discover it 1,000 limit just got a increase without asking
Chase freedom 500 opened this year
Amex gold delta 9,000 got a credit limit increase less than a month ago, also opened this year.

I am very very interested in getting the sapphire preferred. What are my chances?

I usually make big purchase with my Amex card but u pay it in full. Recently,I was able to see my Amex fico score for free and it said it went from 688 to 650. My fico score provided by discover is a 690. I only use a fake score to check because I don't want my score to go down more...I also have three inquiries one being taken off next month.

The reason why I'm so eager to have this card is because I travel a lot. I was told I can use the bonus points from sapphire with delta as well...I don't know if that's even correct... but I've been afraid to apply to any more cards because I don't want my score to go down more.

Thank you!

(Also sorry if I put this in the wrong section or if a thread was already made.)

With your score, limited history, and presumably fairly low income (you didn't mention though), it will be a long shot to get a CSP. Also, I know you said you travel a lot, but did you run the numbers? Can you justify a $95 AF with your travel? Remember, CSP, outside of the bonus, can be hard to justify for some as it only earns double points on travel and dining expenses. Any other spend is just 1x. Not to say that some people don't benefit from it, but my point is make sure you run the numbers.

In my opinion, approval will probably be a long shot/decline at this point. For CSP, Chase anecdotally wants to see some high limit cards being managed well for awhile as CSP minimum limit is 5k. You only have one card above that, and the other two are far below that.

Point is I'd let your cards age for another 6 months to a year before even trying and wasting the HP. You can also use the time to determine if CSP really makes sense (just because you travel some doesn't automatically mean it is justifiable).

Re: chase sapphire preferred odds

red259 — Thu, 10 Sep 2015 23:58:04 GMT

@Anonymous wrote:
Hello. I was always reading posts but never commented. Finally made an account.

I'm currently a student but I work too. I have three credit cards,
Discover it 1,000 limit just got a increase without asking
Chase freedom 500 opened this year
Amex gold delta 9,000 got a credit limit increase less than a month ago, also opened this year.

I am very very interested in getting the sapphire preferred. What are my chances?

I usually make big purchase with my Amex card but u pay it in full. Recently,I was able to see my Amex fico score for free and it said it went from 688 to 650. My fico score provided by discover is a 690. I only use a fake score to check because I don't want my score to go down more...I also have three inquiries one being taken off next month.

The reason why I'm so eager to have this card is because I travel a lot. I was told I can use the bonus points from sapphire with delta as well...I don't know if that's even correct... but I've been afraid to apply to any more cards because I don't want my score to go down more.

Thank you!

(Also sorry if I put this in the wrong section or if a thread was already made.)

Delta is not a transfer partner of Chase, so you will not be able to transfer your points over to delta directly. I'd wait a bit for a few reasons. You just got 9k on your amex and I think it will help if you have a couple of months with that limit showing in your payment history before you apply. Your score will come up with time and I think its a bit low for the CSP at the moment. I'd wait until you have both of the following: at least one year of credit history showing on one of your credit cards and about 4 to 6 months of payment history showing with your 9k limit. Because of the chase policy about having too many new accounts in the past two years you will likely want to make the CSP your next app and it will go nicely with your freedom. I'd also wait for a higher signup offer to come out. With most offers you don't have to pay the AF during the first year, so you can try it for a year and then cancel or downgrade if it doesn't fit your needs long term. You will be able to get it eventually if you maintain your credit. I think it will just take a little more time to get there is all.

Re: chase sapphire preferred odds

icyhot — Fri, 11 Sep 2015 00:07:13 GMT

Check the Chase prequals, see if anything comes, wait 6 months and see if you can get more increases with no HPs, then app

Re: chase sapphire preferred odds

myjourney — Fri, 11 Sep 2015 01:18:56 GMT

@Anonymous wrote:
Hello. I was always reading posts but never commented. Finally made an account.

I'm currently a student but I work too.
You need a decent income for CSP

I have three credit cards,
Discover it 1,000 limit just got a increase without asking
Chase freedom 500 opened this year When did you open this CC?
Amex gold delta 9,000 got a credit limit increase less than a month ago, also opened this year.

I am very very interested in getting the sapphire preferred. What are my chances?

I usually make big purchase with my Amex card but u pay it in full. Recently,I was able to see

my Amex fico score for free and it said it went from 688 to 650.
This is a true Fico score and most likely the score Chase will pull and being so low they'll probably double pull so expect a EQ pull as well

My fico score provided by discover is a 690.
I only use a fake score to check because I don't want my score to go down more...
I think you should know that scores are not affected by you checking them they're only affected when they're HP'ed = Hard pulled
I also have three inquiries one being taken off next month.

The reason why I'm so eager to have this card is because I travel a lot.
Can you make the spend for bonus without going into debt because there is no grace period on CSP?

I was told I can use the bonus points from sapphire with delta as well......
advice....don't take any more advice from who told you this ....Lol .....No to Delta bad info given

...I don't know if that's even correct... but I've been afraid to apply to any more cards because I don't want my score to go down more.

Thank you!

(Also sorry if I put this in the wrong section or if a thread was already made.)

Welcome to the forum

Based on what I currently see before you answer some of the questions asked my advice would be garden and grow the cards you have for 6 months along with your scores

Re: chase sapphire preferred odds

Anonymous — Fri, 11 Sep 2015 01:43:31 GMT

Thanks for everybody's reply, it's helped me a lot! Although I am a student, my income is 55k, and I make about 1-2 airplane trips a month, that's why csp caught my interest, but I guess I must to some more researching.

I opened the chase freedom back in April.

Also, you said that I can check my scores as long as it's not a HP, how do I do this? I have been using creditkarma, I know it's a fako score, but I was using it to track my spending and my utilization ( even though I pay it in full)

Also, I tend to make regular 'big' purchases, so I felt that it would be an advantage to get the card and use it and get the bonus points on top of that.

I guess it was wrong to believe that delta partners with csp's points, haha

Thanks for the help, so it's better if I wait, yes ?

(Sorry if I soud so noob LOL so new to cc's and still so much to learn...)

Re: chase sapphire preferred odds

Anonymous — Fri, 11 Sep 2015 01:45:38 GMT

@Anonymous wrote:
Hello. I was always reading posts but never commented. Finally made an account.

I'm currently a student but I work too. I have three credit cards,
Discover it 1,000 limit just got a increase without asking
Chase freedom 500 opened this year
Amex gold delta 9,000 got a credit limit increase less than a month ago, also opened this year.

I am very very interested in getting the sapphire preferred. What are my chances?

I usually make big purchase with my Amex card but u pay it in full. Recently,I was able to see my Amex fico score for free and it said it went from 688 to 650. My fico score provided by discover is a 690. I only use a fake score to check because I don't want my score to go down more...I also have three inquiries one being taken off next month.

The reason why I'm so eager to have this card is because I travel a lot. I was told I can use the bonus points from sapphire with delta as well...I don't know if that's even correct... but I've been afraid to apply to any more cards because I don't want my score to go down more.

Thank you!

(Also sorry if I put this in the wrong section or if a thread was already made.)

A little doubtful to be honest as you have low experience with higher limits.

Re: chase sapphire preferred odds

red259 — Fri, 11 Sep 2015 01:46:25 GMT

@Anonymous wrote:
Thanks for everybody's reply, it's helped me a lot! Although I am a student, my income is 55k, and I make about 1-2 airplane trips a month, that's why csp caught my interest, but I guess I must to some more researching.

I opened the chase freedom back in April.
Also, you said that I can check my scores as long as it's not a HP, how do I do this? I have been using creditkarma, I know it's a fako score, but I was using it to track my spending and my utilization ( even though I pay it in full)

Also, I tend to make regular 'big' purchases, so I felt that it would be an advantage to get the card and use it and get the bonus points on top of that.

I guess it was wrong to believe that delta partners with csp's points, haha

Thanks for the help, so it's better if I wait, yes ?

(Sorry if I soud so noob LOL so new to cc's and still so much to learn...)

Are you primarily flying delta? Do you bank with Chase?

Re: chase sapphire preferred odds

Anonymous — Fri, 11 Sep 2015 01:50:17 GMT

I fly delta half the time, other times I fly with Korean Air, Asiana Airlines, or United Airlines. ( I travel to Korea a lot)

I have a college debit card with chase, have had it for about three years now.

Re: chase sapphire preferred odds

myjourney — Fri, 11 Sep 2015 01:59:11 GMT

@Anonymous wrote:
Thanks for everybody's reply, it's helped me a lot! Although I am a student, my income is 55k,Good enough for CSP then
and I make about 1-2 airplane trips a month, that's why csp caught my interest, but I guess I must to some more researching.Yes and allow a little more time CSP will be there

I opened the chase freedom back in April.With a history of 5 months with Chase I think you should grow it a few more months IMHO

Also, you said that I can check my scores as long as it's not a HP, how do I do this? The score Amex is giving you is a real Fico EX score same score Chase will pull
You have to 2 free Fico scores currently Discover and Amex both real Fico scores Discover TU score

I have been using creditkarma, I know it's a fako score, but I was using it to track my spending and my utilization ( even though I pay it in full) Good use of CK services along with being able to monitor CR's other than that its a joke
Same for Quizzle and Credit sesame and credit com

Also, I tend to make regular 'big' purchases, so I felt that it would be an advantage to get the card and use it and get the bonus points on top of that.Good thinking however scores and history are limited currently ....credit takes time and breaks between new apps....my approach has always been every 6 months app for new card which gives your scores time to recovery from the last round of apps

I guess it was wrong to believe that delta partners with csp's points, haha....Lol

Thanks for the help, so it's better if I wait, yes ? Yes yes yes when Amex score hits about 680 range then consider CSP

(Sorry if I soud so noob LOL so new to cc's and still so much to learn...) It's ok to be a newbie we all were at one time so welcome to the club and the forum ..

Re: chase sapphire preferred odds

Anonymous — Fri, 11 Sep 2015 02:01:53 GMT

thank you thank you thank youuu!

see you around

Re: chase sapphire preferred odds

red259 — Fri, 11 Sep 2015 02:08:33 GMT

@Anonymous wrote:
I fly delta half the time, other times I fly with Korean Air, Asiana Airlines, or United Airlines. ( I travel to Korea a lot)

I have a college debit card with chase, have had it for about three years now.

Korean air is a transfer partner of Chase as well as United. For Asiana I believe you can use united miles, but from what I recall you can also take Amex MRs from the PRG or Plat/everyday and transfer to aeroplan then redeem for an asiana reward. The 3x on airfare for the PRG is pretty nice. Since you likely spend a decent amount on airfrae the PRG may be worth a look now. Given your delta line and the fact its a charge card you probably have a good chance at it. Then I would garden and make the CSP the following app when everything lines up.

Re: chase sapphire preferred odds

myjourney — Fri, 11 Sep 2015 02:04:12 GMT

@Anonymous wrote:
thank you thank you thank youuu!

see you around

Re: chase sapphire preferred odds

TheConductor — Fri, 11 Sep 2015 21:37:05 GMT

The 500 limit you got on the Freedom is a pretty good indicator of where you are starting from with Chase. That's normally supposed to be the minimum limit available on the Freedom, although in rare cases some have gotten approved at $400 on recon.

In addition, Chase will often do a modest-sized auto-CLI somewhere around the 90-day mark, so I look on the lack of one on your Freedom as another indicator that they are waiting to see more history from you.

It should not require anything more than a little patience, though. My first Chase card was one of the aforementioned $400-at-recon Freedoms, and a little over a year later I had an $1100 CLI on the Freedom and was able to get a CSP at $12200.

Just wait it out a while longer until your EX score recovers, and take solace in knowing that as soon as you have that CSP your Freedom points will suddenly become a lot more valuable!

Re: chase sapphire preferred odds

Anonymous — Tue, 15 Sep 2015 03:50:33 GMT

Oooops.... I saw this now... haha

I actually got frustrated and applied for the csp, but instead of gettting a 7-10 day wait, I got a 30 day pending. I called the automated service number, and got the same message again, 30 day wait. I called the backdoor numbers provided in this forum about 8 times within the past two days, and they have said the same thing. Please wait 30 days, but the last time I talked to a credit analyst, she said that I would get a notice in two weeks, and that it was still pending. I guess my obsession over credit cards and scores took over the best of me lol. I just wish they would give me a response already so I could call the recon line... haha

Re: chase sapphire preferred odds

Discover2016 — Tue, 15 Sep 2015 04:06:16 GMT

When I got approved for my CSP my biggest CL on my CR was 1.7K, so chase will approve a 5K CSP without large limits on your CR.

Re: chase sapphire preferred odds

Anonymous — Tue, 15 Sep 2015 04:22:04 GMT

@Anonymous wrote:
I fly delta half the time, other times I fly with Korean Air, Asiana Airlines, or United Airlines. ( I travel to Korea a lot)

I have a college debit card with chase, have had it for about three years now.

KE and United are both transfer partners with Chase.

As for your original question, I think it's doubtful. If Chase just gave you 500 on Freedom in April, doesn't look like they want to extend much credit to you for now.

Keep in mind, Chase has the 5/24 rule now, so if you want to go for the CSP you need to wait on new cards.

Re: chase sapphire preferred odds

Anonymous — Tue, 15 Sep 2015 16:03:54 GMT

I would allow your current accounts to age a little more and work on getting your current CLs higher. When you are ready to apply you can get a nice SL. Best of luck!!!

Re: chase sapphire preferred odds

Anonymous — Sat, 19 Sep 2015 00:13:07 GMT

Hello, just wanted to give an update. I've been checking the automated number to check the status of my application, and it got approved! YESSSSSS...

My limit is 5k. I will probably not apply for credit cards for a couple years, since I got the card I wanted most... now time to keep track of my cards...

Re: chase sapphire preferred odds

Anonymous — Sat, 19 Sep 2015 00:32:29 GMT

Congrats I figured it would be an approval. Was in a similar situation with Chase last year, same result. Enjoy your card!