topic Re: Chase Sapphire -> "Reccomended for Approval" in Credit Card Approvals

Chase Sapphire -> "Reccomended for Approval"

Steve6451 — Thu, 07 May 2015 16:00:49 GMT

Applied for CSP, and had to call in because of an FA on my file. After sorting that out with the people on the recon line, the anaylst went over my file with me and told me "reccomended for approval". I had a Chase CO about 8 years ago, after some trouble getting back on my feet when I got out of the military. He asked me about that, and some collections on my file (working on getting those sorted - a bogus one from my HOA, and a library book!).

29% overall util, but my card with the biggest limit (7500) is about 40% or so - they asked me why I carried a balance on it: I'm working on paying down my cards in order of lowest interest. I've knocked off 2 and that's the lowest, and last, so its next.

I was pretty surprised to get back in with Chase. I checked the status line a few hours later - and got the 2 week message. That's in line with approvals, from what I saw,

but this afternoon it changed to 7-10 days.

Does that mean they changed their mind and denied it? I noticed they pulled EX, TU (twice due the fraud alert needed a phone number update), and EQ! I'm kind of annoyed about that - 4 inqs, if it ends up being a denial.

Re: Chase Sapphire -> "Reccomended for Approval"

Anonymous — Thu, 07 May 2015 16:07:40 GMT

It does not neccessarily mean they are going to deny it. When you called and spoke to Chase, was it a CSR or Analyst? If it was an analyst, they are pretty good about approvals, especially when they stated to you "Recommended Approval". They could just be looking over everything or, yes, there is a possibility of them overturning the approval. I would not worry too much about it yet.

Re: Chase Sapphire -> "Reccomended for Approval"

CreditCuriosity — Thu, 07 May 2015 16:17:08 GMT

If he recommened you for approval, those from what I have seen have turned out always for the postive.. Wish you all the best of luck on your CSP and getting back in with chase!

Re: Chase Sapphire -> "Reccomended for Approval"

Steve6451 — Thu, 07 May 2015 16:24:51 GMT

Blargh, I couldn't wait, and called the recon line - the "Senior Lender" decided to deny in final review. The change to 7-10 was the death knell of my application.

Insufficient reestablishment or something like that. They are mostly blaming the collection for the HOA combined with the borderline utilization on that one card. I've fought like crazy to get this collection removed - even sent the CRA e-mails from the HOA admiting it should've never been handed over to the CA (I paid the HOA in full months before it was even handed over to the CA). But the CA verified it on my last dispute. Chase wouldn't factor that into their decision, which I guess I understand in that I'm sure they get all kinds of excuses.

I figured I'd give it a shot, really wanted the CSP card, and my FICO's were 700 (although maybe a little less with all their INQ's!) so I thought the collection wouldn't be a big deal.

Re: Chase Sapphire -> "Reccomended for Approval"

CreditCuriosity — Thu, 07 May 2015 17:03:46 GMT

Sorry to hear.. Usually when recommended for approval it is a go, this is one of the first if not the first I have heard of a no go ... Sorry once again.

I honestly think it was the CO with chase from awhile ago that probably hurt you the mostbut the SR. UW stated it was the other stuff so they didn't look like the bad people.

Maybe in another 6 months if you can get your CB figured out you will get it? Best of luck and sorry to hear again

Re: Chase Sapphire -> "Reccomended for Approval"

pip3man — Thu, 07 May 2015 16:54:55 GMT

Yeah in most cases, myself included - the 2weeks notice is a usually a good indicator but once it goes into 7-10days then it's 50/50. For my Marriott app I was getting the two weeks notice until it changed to the 7-10days and I was forced to call in only to find out they declined the app due to verification issues. Thankfully they just needed proof of address and I was eventually approved. Ur situation kinda reminds me of my friend, was late on a BP card and even tho the analyst said he was gonna recommend the app for approval to a Snr Analyst, it eventually got declined. Just keep up with the rebuilding effort and try again

Re: Chase Sapphire -> "Reccomended for Approval"

Steve6451 — Thu, 07 May 2015 17:24:38 GMT

@CreditCuriousity wrote:
Maybe in another 6 months if you can get your CB figured out you will get it? Best of luck and sorry to hear again

Thanks! Do I need to wait 6 months? I'm putting all my energy and free cash into getting debt-free, so if I get there and get this stupid collection removed, I was hoping I could try again sooner.

Re: Chase Sapphire -> "Reccomended for Approval"

CreditCuriosity — Thu, 07 May 2015 18:28:44 GMT

@Steve6451 wrote:
@CreditCuriousity wrote:
Maybe in another 6 months if you can get your CB figured out you will get it? Best of luck and sorry to hear again
Thanks! Do I need to wait 6 months? I'm putting all my energy and free cash into getting debt-free, so if I get there and get this stupid collection removed, I was hoping I could try again sooner.

Deffinetly can try sooner... As long as you don't mind taking another HP or two.

Re: Chase Sapphire -> "Reccomended for Approval"

RSCo — Thu, 07 May 2015 19:03:41 GMT

@Steve6451 wrote:
Applied for CSP, and had to call in because of an FA on my file. After sorting that out with the people on the recon line, the anaylst went over my file with me and told me "reccomended for approval". I had a Chase CO about 8 years ago, after some trouble getting back on my feet when I got out of the military. He asked me about that, and some collections on my file (working on getting those sorted - a bogus one from my HOA, and a library book!).

29% overall util, but my card with the biggest limit (7500) is about 40% or so - they asked me why I carried a balance on it: I'm working on paying down my cards in order of lowest interest. I've knocked off 2 and that's the lowest, and last, so its next.

I was pretty surprised to get back in with Chase. I checked the status line a few hours later - and got the 2 week message. That's in line with approvals, from what I saw,
but this afternoon it changed to 7-10 days.

Does that mean they changed their mind and denied it? I noticed they pulled EX, TU (twice due the fraud alert needed a phone number update), and EQ! I'm kind of annoyed about that - 4 inqs, if it ends up being a denial.

Good luck to you... And thank you for your Military Service.. That alone should get you approved IMO..

Re: Chase Sapphire -> "Reccomended for Approval"

RSCo — Thu, 07 May 2015 19:10:44 GMT

@Steve6451 wrote:
Blargh, I couldn't wait, and called the recon line - the "Senior Lender" decided to deny in final review. The change to 7-10 was the death knell of my application.

Insufficient reestablishment or something like that. They are mostly blaming the collection for the HOA combined with the borderline utilization on that one card. I've fought like crazy to get this collection removed - even sent the CRA e-mails from the HOA admiting it should've never been handed over to the CA (I paid the HOA in full months before it was even handed over to the CA). But the CA verified it on my last dispute. Chase wouldn't factor that into their decision, which I guess I understand in that I'm sure they get all kinds of excuses.

I figured I'd give it a shot, really wanted the CSP card, and my FICO's were 700 (although maybe a little less with all their INQ's!) so I thought the collection wouldn't be a big deal.

I've heard recent stories about the CA's simply "affirming" a debt without really getting the proper proof that the debt is valid.. One way to work this would be to request from them, the Credit Agency, that you want a complete copy of the "proof" that they claim affirms the debt you are disputing. I've heard cases where they then remove the entry on your report because they can't provide the verified paperwork they claim they have.. Good Luck..

Re: Chase Sapphire -> "Reccomended for Approval"

Anonymous — Thu, 07 May 2015 23:19:16 GMT

Sorry to hear that, good luck next time.

Re: Chase Sapphire -> "Reccomended for Approval"

Steve6451 — Fri, 04 Dec 2015 04:16:30 GMT

@Steve6451 wrote:
Blargh, I couldn't wait, and called the recon line - the "Senior Lender" decided to deny in final review. The change to 7-10 was the death knell of my application.

Insufficient reestablishment or something like that. They are mostly blaming the collection for the HOA combined with the borderline utilization on that one card. I've fought like crazy to get this collection removed - even sent the CRA e-mails from the HOA admiting it should've never been handed over to the CA (I paid the HOA in full months before it was even handed over to the CA). But the CA verified it on my last dispute. Chase wouldn't factor that into their decision, which I guess I understand in that I'm sure they get all kinds of excuses.

I figured I'd give it a shot, really wanted the CSP card, and my FICO's were 700 (although maybe a little less with all their INQ's!) so I thought the collection wouldn't be a big deal.

Just following up to my post from a few months ago, I ended up re-applying last week and got the reccomended for approval again from the credit analyst. FICO scores up to 790ish, the +90 points due to the bogus HOA collection being removed. They were happy to look past my bad history from my youth again, although I was still wondering if it would all fall apart at the last second like last time.

I got the e-mail notification from UPS tonight they shipped the card. Yay!

Re: Chase Sapphire -> "Reccomended for Approval"

Anonymous — Fri, 04 Dec 2015 05:02:41 GMT

Congratulations!

Re: Chase Sapphire -> "Reccomended for Approval"

bodyboy1 — Fri, 04 Dec 2015 07:19:04 GMT

@Steve6451 wrote:
@Steve6451 wrote:
Blargh, I couldn't wait, and called the recon line - the "Senior Lender" decided to deny in final review. The change to 7-10 was the death knell of my application.

Insufficient reestablishment or something like that. They are mostly blaming the collection for the HOA combined with the borderline utilization on that one card. I've fought like crazy to get this collection removed - even sent the CRA e-mails from the HOA admiting it should've never been handed over to the CA (I paid the HOA in full months before it was even handed over to the CA). But the CA verified it on my last dispute. Chase wouldn't factor that into their decision, which I guess I understand in that I'm sure they get all kinds of excuses.

I figured I'd give it a shot, really wanted the CSP card, and my FICO's were 700 (although maybe a little less with all their INQ's!) so I thought the collection wouldn't be a big deal.

Just following up to my post from a few months ago, I ended up re-applying last week and got the reccomended for approval again from the credit analyst. FICO scores up to 790ish, the +90 points due to the bogus HOA collection being removed. They were happy to look past my bad history from my youth again, although I was still wondering if it would all fall apart at the last second like last time.

I got the e-mail notification from UPS tonight they shipped the card. Yay!

>Yay!!! Much Congrats!!! i know how much you Wanted that CSP > Question.. Are you in with Capital One>?

Re: Chase Sapphire -> "Reccomended for Approval"

Anonymous — Fri, 04 Dec 2015 10:15:17 GMT

Congrats on working past the challenges of your youth Congrats!

Re: Chase Sapphire -> "Reccomended for Approval"

lg8302ch — Fri, 04 Dec 2015 10:28:25 GMT

super... congrats on the good work and to your "dreamcard"

Re: Chase Sapphire -> "Reccomended for Approval"

Anonymous — Fri, 04 Dec 2015 11:28:07 GMT

Congrats!

Re: Chase Sapphire -> "Reccomended for Approval"

CreditCuriosity — Fri, 04 Dec 2015 11:53:45 GMT

Congrats awesome card! enjoy it!

Re: Chase Sapphire -> "Reccomended for Approval"

Scupra — Fri, 04 Dec 2015 18:04:05 GMT

Always great to see stories like this! Gives me hope of obtaining a CSP someday

Re: Chase Sapphire -> "Reccomended for Approval"

Anonymous — Fri, 04 Dec 2015 18:08:53 GMT

Congrats!!!!