topic Re: Chase Sapphire Preferred Approval ... in Credit Card Approvals

Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 19:07:12 GMT

... I received the "we'll get back to you" response from their website when I applied a few days ago, but just received the "you've been approved" email. Interestingly, I have opened 9 new credit cards in the last 2 months. After I applied for the CSP, I read that Chase will not approve you if you have 5 or more new cards in the past 24 months ... apparently, that is not true.

Anyway, happy day ... this will be my new go to card as I got it just for the points after reading The Points Guy's write-up.

Re: Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 19:05:02 GMT

Congrats!! I believe the card rule applies to the number of cards from Chase. It's a great card, best of luck with it.

Re: Chase Sapphire Preferred Approval ...

CreditCuriosity — Fri, 20 Nov 2015 19:08:07 GMT

The reason you got away with it most likely those 9 new accounts in the last two months have yet to report. Hence Chase hasn't seen them yet so it hasn't violated the 5x24 rule. Just my guess on it.

Congrats on your approval.

Re: Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 19:10:57 GMT

Congrats

Re: Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 19:22:12 GMT

Congrats!

Re: Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 19:41:16 GMT

congrats!!!

1. are all your accounts reporting to the CRAs? Since it's been 2 months, they may not be reporting.

2. How many accounts in total do you have in the last 24 months?

I was denied for this card 6 months ago based on "too many accounts in the last 24 months"

i'm thinking about going for it especially now that it's a 50k bonus but i dont want to waste the hard pull.

Re: Chase Sapphire Preferred Approval ...

alextercero — Fri, 20 Nov 2015 20:01:14 GMT

Congrats

Re: Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 20:20:46 GMT

This card is definitely on my radar. Congrats!!

Re: Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 20:26:32 GMT

Congrats! Welcome to the CSP family

Re: Chase Sapphire Preferred Approval ...

dstew201 — Fri, 20 Nov 2015 21:08:50 GMT

Congrats!!!! Did you have a prequal or cold app???

Re: Chase Sapphire Preferred Approval ...

tr24 — Fri, 20 Nov 2015 22:33:42 GMT

Any updates OP? Can you answer some of the questions answered? Thanks

Re: Chase Sapphire Preferred Approval ...

Anonymous — Fri, 20 Nov 2015 23:16:27 GMT

Congratulations!

Re: Chase Sapphire Preferred Approval ...

Anonymous — Sat, 21 Nov 2015 00:24:18 GMT

"The reason you got away with it most likely those 9 new accounts in the last two months have yet to report. Hence Chase hasn't seen them yet so it hasn't violated the 5x24 rule. Just my guess on it." and "are all your accounts reporting to the CRAs? Since it's been 2 months, they may not be reporting."

All but one are showing up on my credit reports already ...

"How many accounts in total do you have in the last 24 months?"

9 ... but I cancelled my AMEX Gold right after I received it because they pissed me off.

"Did you have a prequal or cold app???"

Cold app by clicking link at the Points Guy's website ... I don't know if that helps or hurts

FYI ... scores between 690 and 715. Two months ago they were in the mid to high 500s with no credit cards at all ... but I spend so much each month, I figured that I might as well get some points or miles for it ;-)

Chase Sapphire Preferred will be my go to card, Amazon Store Prime card is my most lucrative because it gives me 5% off everything I buy at Amazon (about $2k per month spending)

Re: Chase Sapphire Preferred Approval ...

tr24 — Sat, 21 Nov 2015 00:28:49 GMT

Thanks for the info. I really want to apply for it, I too have around 8 accounts in the last 24 months. Not sure if I should give it a go. FICO around 740.

Btw, how do you guys add pictures of the cards you have to your signature?

Re: Chase Sapphire Preferred Approval ...

Anonymous — Sat, 21 Nov 2015 00:38:26 GMT

CONGRATS!

CSP is my 2017 want. Pretty sweet rewards structure w UR.

Re: Chase Sapphire Preferred Approval ...

Anonymous — Sat, 21 Nov 2015 17:23:30 GMT

@tr24 wrote:
Btw, how do you guys add pictures of the cards you have to your signature?

I went the the "Gardening" thread, copied the code and then put in my own links ;-)

Re: Chase Sapphire Preferred Approval ...

FICOFocused2000 — Sun, 29 Nov 2015 10:21:34 GMT

CONGRATS! I just applied online after reading all of the fantastic benefits assoicated with the card! Instantly approved. I also applied for the AA Advantage Card and was instantly apporved also! Just looking to rack up miles and get free travel!

Discover IT, SW Rapid Rewards, Quicksilver, 2 CAP ONE, Macy's, Old Navy, CSP, AA Advantage

Utilzation 10% (not including the new CSP and AA Advantage)

Total Credit= $40k

TU=701; EX=664; EQ=670

Re: Chase Sapphire Preferred Approval ...

Anonymous — Sun, 29 Nov 2015 10:28:20 GMT

@Anonymous wrote:
"The reason you got away with it most likely those 9 new accounts in the last two months have yet to report. Hence Chase hasn't seen them yet so it hasn't violated the 5x24 rule. Just my guess on it." and "are all your accounts reporting to the CRAs? Since it's been 2 months, they may not be reporting."

All but one are showing up on my credit reports already ...

"How many accounts in total do you have in the last 24 months?"

9 ... but I cancelled my AMEX Gold right after I received it because they pissed me off.

"Did you have a prequal or cold app???"

Cold app by clicking link at the Points Guy's website ... I don't know if that helps or hurts

FYI ... scores between 690 and 715. Two months ago they were in the mid to high 500s with no credit cards at all ... but I spend so much each month, I figured that I might as well get some points or miles for it ;-)

Chase Sapphire Preferred will be my go to card, Amazon Store Prime card is my most lucrative because it gives me 5% off everything I buy at Amazon (about $2k per month spending)

Congrats! And thank you for the data points regarding your new accounts and Chase. Maybe their rule is changing?

Re: Chase Sapphire Preferred Approval ...

Tryingtogetbetter — Sun, 29 Nov 2015 22:20:54 GMT

Congrats! I just got approved for the CSP this week as well with about 7 new accounts in the last 24 months. From what I've been told on here they look for 5 new Chase cards in the previous 24 months not just 5 cards overall.

Re: Chase Sapphire Preferred Approval ...

Anonymous — Sun, 29 Nov 2015 22:56:59 GMT

But i also think they are a relationship bank. If you have savings or checkings with them they might be more willing to overlook the rule.