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

Chase Sapphire Preferred Approval Odds

Anonymous — Sun, 20 Apr 2014 02:34:34 GMT

Hey everyone,

I've been a reader of this forum for a long time and the advice i've gotten has been incredibly helpful! I have my eyes on the CSP but am not sure if it is a good time to apply. I have the following:

Capital One Platinum: $500 since 7/11

Discover More: $2,500 since 11/12

Chase Freedom: $4,400 since 10/13 (started with $2,200, doubled in February)

AAoA: 1 year 11 months

Creditkarma Score: 754

Utilization: 7%

Never missed a payment

I really want the CSP because of the signup bonus and rewards structure. I'll also be traveling later this year so 0 forex would be great. It seems though that Chase wants to see a card with at least $5,000 CLI already there and they don't want to be the first to issue it. However, I've banked with Chase since 2011 - maybe that would help?

What do you guys think, is it too early to apply for the CSP? Maybe get a different card first with a higher limit?

Re: Chase Sapphire Preferred Approval Odds

johnpalley — Sun, 20 Apr 2014 02:25:15 GMT

im guessing people are gonna ask what your scores and utilization are

Re: Chase Sapphire Preferred Approval Odds

Anonymous — Sun, 20 Apr 2014 02:35:06 GMT

Yes.. how could I forget. Updated the first post!

Re: Chase Sapphire Preferred Approval Odds

noobody — Sun, 20 Apr 2014 02:43:05 GMT

90% instantly,
100% if you get 30day message and recon move some cl from freedom

Re: Chase Sapphire Preferred Approval Odds

Longroad — Sun, 20 Apr 2014 03:30:12 GMT

@Anonymous wrote:
Hey everyone,

I've been a reader of this forum for a long time and the advice i've gotten has been incredibly helpful! I have my eyes on the CSP but am not sure if it is a good time to apply. I have the following:

Capital One Platinum: $500 since 7/11
Discover More: $2,500 since 11/12
Chase Freedom: $4,400 since 10/13 (started with $2,200, doubled in February)

AAoA: 1 year 11 months
Creditkarma Score: 754
Utilization: 7%
Never missed a payment

I really want the CSP because of the signup bonus and rewards structure. I'll also be traveling later this year so 0 forex would be great. It seems though that Chase wants to see a card with at least $5,000 CLI already there and they don't want to be the first to issue it. However, I've banked with Chase since 2011 - maybe that would help?

What do you guys think, is it too early to apply for the CSP? Maybe get a different card first with a higher limit?

Chase SWA was my first $5K CL after rebuilding when my highest CL was $750. As a matter of fact they are still my only $5K CL and they have given me that twice. I think they look a lot at your performance with them. Plus they are great on recon. I would try it for sure.

Re: Chase Sapphire Preferred Approval Odds

Stralem — Sun, 20 Apr 2014 03:36:49 GMT

You have a 6 month-old Freedom card and low utilization. You're already in.

Seriously, once you have an account with Chase, it becomes more about your internal score than your FICO reports.

Just go ahead and apply.

Right now.

Re: Chase Sapphire Preferred Approval Odds

myjourney — Sun, 20 Apr 2014 03:36:56 GMT

@Anonymous wrote:
Hey everyone,

I've been a reader of this forum for a long time and the advice i've gotten has been incredibly helpful! I have my eyes on the CSP but am not sure if it is a good time to apply. I have the following:

Capital One Platinum: $500 since 7/11
Discover More: $2,500 since 11/12
Chase Freedom: $4,400 since 10/13 (started with $2,200, doubled in February)

AAoA: 1 year 11 months
Creditkarma Score: 754
Utilization: 7%
Never missed a payment

I really want the CSP because of the signup bonus and rewards structure. I'll also be traveling later this year so 0 forex would be great. It seems though that Chase wants to see a card with at least $5,000 CLI already there and they don't want to be the first to issue it. However, I've banked with Chase since 2011 - maybe that would help?

What do you guys think, is it too early to apply for the CSP? Maybe get a different card first with a higher limit?

Welcome to ythe forum

1) Chase in most cases does not factor banking relations into CC approvals

2) The fact that you've had the Freddom 6 months is good and may offset the 5k line but I would wait 2 more months or close to when you travel to app just to be safe

Re: Chase Sapphire Preferred Approval Odds

johnpalley — Sun, 20 Apr 2014 04:40:38 GMT

guys i dont wanna take over this thread but could someone tell me real quick if its possible to switch from a freedom to a saphire without starting a new account?

Re: Chase Sapphire Preferred Approval Odds

myjourney — Sun, 20 Apr 2014 04:43:48 GMT

@johnpalley wrote:
guys i dont wanna take over this thread but could someone tell me real quick if its possible to switch from a freedom to a saphire without starting a new account?

PC wise no

You can go from SPP to Freedom but not VS verse IIRC

Re: Chase Sapphire Preferred Approval Odds

noobody — Sun, 20 Apr 2014 04:49:34 GMT

45k UR points worth any HP+ new TL if it is necessary!

Re: Chase Sapphire Preferred Approval Odds

johnpalley — Sun, 20 Apr 2014 04:51:51 GMT

@myjourney wrote:
@johnpalley wrote:
guys i dont wanna take over this thread but could someone tell me real quick if its possible to switch from a freedom to a saphire without starting a new account?
PC wise no
You can go from SPP to Freedom but not VS verse IIRC

got it thanks! one more question. i dont have an account with chase, if i apply for a saphire and get declined will i automatically be offered a freedom or slate if i qualify?

Re: Chase Sapphire Preferred Approval Odds

noobody — Sun, 20 Apr 2014 04:51:18 GMT

Re: Chase Sapphire Preferred Approval Odds

johnpalley — Sun, 20 Apr 2014 04:55:14 GMT

@noobody wrote:
No

damn! thanks. i wanna apply with chase but dont know if i should go right for the saphire. i dont want 2 new accounts you know. that would suck if i got denied and had to re apply for the freedom

Re: Chase Sapphire Preferred Approval Odds

Anonymous — Tue, 22 Apr 2014 23:48:26 GMT

Hey guys, just wanted to let you know I applied for the card and received a message that they needed to verify some information. Called the number and was approved for 10k!! Thanks for encouraging me to apply!

Re: Chase Sapphire Preferred Approval Odds

gdale6 — Wed, 23 Apr 2014 00:37:13 GMT

@Anonymous wrote:
Hey guys, just wanted to let you know I applied for the card and received a message that they needed to verify some information. Called the number and was approved for 10k!! Thanks for encouraging me to apply!

Re: Chase Sapphire Preferred Approval Odds

coldnmn — Wed, 23 Apr 2014 00:42:39 GMT

@Anonymous wrote:
Hey guys, just wanted to let you know I applied for the card and received a message that they needed to verify some information. Called the number and was approved for 10k!! Thanks for encouraging me to apply!

Congrats! Thanks for sharing.

Re: Chase Sapphire Preferred Approval Odds

hockey16z — Wed, 23 Apr 2014 00:51:07 GMT

You should be accepted. I've had a checking account with chase for about 5 years and a freedom card for about 7-8 months when I applied. Currently $34k/year income (student) and got instant approval for $6.8k CSP. So if your income is alright, you should be approved.

Love this card, just saying.

Re: Chase Sapphire Preferred Approval Odds

-Wade- — Wed, 23 Apr 2014 00:51:31 GMT

@Anonymous wrote:
Hey guys, just wanted to let you know I applied for the card and received a message that they needed to verify some information. Called the number and was approved for 10k!! Thanks for encouraging me to apply!

Congrats on your approval

Re: Chase Sapphire Preferred Approval Odds

BigBS — Wed, 23 Apr 2014 02:56:38 GMT

Congrats on the approval!

Re: Chase Sapphire Preferred Approval Odds

alvon123 — Wed, 23 Apr 2014 11:11:06 GMT

@Anonymous wrote:
Hey guys, just wanted to let you know I applied for the card and received a message that they needed to verify some information. Called the number and was approved for 10k!! Thanks for encouraging me to apply!

congrats