topic Re: Am I ready to apply for CSP? in Credit Card Applications

Am I ready to apply for CSP?

Anonymous — Wed, 06 Apr 2016 16:51:29 GMT

As you guys know I have been rebuilding / cleaning up my reports for a while, and think I may have finally reached a point where I'm in a good spot for CSP.

Last summer when I got started, my scores were mid 600's, had only some car loans, a PLOC, and a single credit card all through a CU.

As of today, reports are clean save for a 7 year old paid judgement that is due to fall off in Sept/Oct this fall. Barclays is showing my TU as 762, Citi shows EQ at 713, and I'm still waiting for an EX update but with 3 collections reporting it was at 718, so with those gone I'm pretty sure it's at least as high as TU. Not sure why EQ is so much lower.

The reason I'm asking if you guys think I should be good to apply now is that I want to buy my plane tickets next month for an international trip later this summer.

CSP and Freedom are showing for me on Chase's prequal now btw.

Thoughts or suggestions?

Re: Am I ready to apply for CSP?

Anonymous — Wed, 06 Apr 2016 17:00:24 GMT

@Anonymous wrote:
As you guys know I have been rebuilding / cleaning up my reports for a while, and think I may have finally reached a point where I'm in a good spot for CSP.

Last summer when I got started, my scores were mid 600's, had only some car loans, a PLOC, and a single credit card all through a CU.

As of today, reports are clean save for a 7 year old paid judgement that is due to fall off in Sept/Oct this fall. Barclays is showing my TU as 762, Citi shows EQ at 713, and I'm still waiting for an EX update but with 3 collections reporting it was at 718, so with those gone I'm pretty sure it's at least as high as TU. Not sure why EQ is so much lower.

The reason I'm asking if you guys think I should be good to apply now is that I want to buy my plane tickets next month for an international trip later this summer.

CSP and Freedom are showing for me on Chase's prequal now btw.

Thoughts or suggestions?

If you're showing as pre approved for the CSP, then your chances for approval are very good. As long as your utilization isn't exorbitant then I'd say go ahead and apply. Good luck and make sure to post your approval.

Re: Am I ready to apply for CSP?

Anonymous — Wed, 06 Apr 2016 17:10:32 GMT

@Anonymous wrote:
@Anonymous wrote:
As you guys know I have been rebuilding / cleaning up my reports for a while, and think I may have finally reached a point where I'm in a good spot for CSP.

Last summer when I got started, my scores were mid 600's, had only some car loans, a PLOC, and a single credit card all through a CU.

As of today, reports are clean save for a 7 year old paid judgement that is due to fall off in Sept/Oct this fall. Barclays is showing my TU as 762, Citi shows EQ at 713, and I'm still waiting for an EX update but with 3 collections reporting it was at 718, so with those gone I'm pretty sure it's at least as high as TU. Not sure why EQ is so much lower.

The reason I'm asking if you guys think I should be good to apply now is that I want to buy my plane tickets next month for an international trip later this summer.

CSP and Freedom are showing for me on Chase's prequal now btw.

Thoughts or suggestions?
If you're showing as pre approved for the CSP, then your chances for approval are very good. As long as your utilization isn't exorbitant then I'd say go ahead and apply. Good luck and make sure to post your approval.

Thanks Irish, good to hear! My utilization is reporting 1% across all reports so should be all set! Forgot to also mention INQs are EX 7 EQ 1 TU 5 so hopefully that's not too high.

Re: Am I ready to apply for CSP?

Anonymous — Wed, 06 Apr 2016 18:04:10 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
As you guys know I have been rebuilding / cleaning up my reports for a while, and think I may have finally reached a point where I'm in a good spot for CSP.

Last summer when I got started, my scores were mid 600's, had only some car loans, a PLOC, and a single credit card all through a CU.

As of today, reports are clean save for a 7 year old paid judgement that is due to fall off in Sept/Oct this fall. Barclays is showing my TU as 762, Citi shows EQ at 713, and I'm still waiting for an EX update but with 3 collections reporting it was at 718, so with those gone I'm pretty sure it's at least as high as TU. Not sure why EQ is so much lower.

The reason I'm asking if you guys think I should be good to apply now is that I want to buy my plane tickets next month for an international trip later this summer.

CSP and Freedom are showing for me on Chase's prequal now btw.

Thoughts or suggestions?
If you're showing as pre approved for the CSP, then your chances for approval are very good. As long as your utilization isn't exorbitant then I'd say go ahead and apply. Good luck and make sure to post your approval.
Thanks Irish, good to hear! My utilization is reporting 1% across all reports so should be all set! Forgot to also mention INQs are EX 7 EQ 1 TU 5 so hopefully that's not too high.

That's fine. Chase isn't really that inquiry sensitive if the rest of your credit file is clean. If you really want the card and can put it to good use, go ahead and apply.

Re: Am I ready to apply for CSP?

SecretAzure — Wed, 06 Apr 2016 19:21:51 GMT

Watch out for the 5/24 rule! It could bite you...

Re: Am I ready to apply for CSP?

Anonymous — Wed, 06 Apr 2016 20:04:18 GMT

You should be fine...Chase prequal is prett reliable I believe...the 5/24 thing is something to be aware of...some have beaten it/others haven't.

My profile was much worse than yours and scores in the mid 600s when I was approved for Freedom/CSP/Slate...only prequaled for Freedom and Slate.

Good luck!!

Re: Am I ready to apply for CSP?

Anonymous — Wed, 06 Apr 2016 23:33:54 GMT

Go for it!

Re: Am I ready to apply for CSP?

Anonymous — Wed, 06 Apr 2016 23:55:47 GMT

You're ready! Go ahead and apply! GOOD LUCK! You got this.

Re: Am I ready to apply for CSP?

SouthJamaica — Thu, 07 Apr 2016 02:37:10 GMT

@Anonymous wrote:
As you guys know I have been rebuilding / cleaning up my reports for a while, and think I may have finally reached a point where I'm in a good spot for CSP.

Last summer when I got started, my scores were mid 600's, had only some car loans, a PLOC, and a single credit card all through a CU.

As of today, reports are clean save for a 7 year old paid judgement that is due to fall off in Sept/Oct this fall. Barclays is showing my TU as 762, Citi shows EQ at 713, and I'm still waiting for an EX update but with 3 collections reporting it was at 718, so with those gone I'm pretty sure it's at least as high as TU. Not sure why EQ is so much lower.

The reason I'm asking if you guys think I should be good to apply now is that I want to buy my plane tickets next month for an international trip later this summer.

CSP and Freedom are showing for me on Chase's prequal now btw.

Thoughts or suggestions?

Sounds good

Re: Am I ready to apply for CSP?

Anonymous — Thu, 07 Apr 2016 03:16:47 GMT

AGH!!! I applied for CSP and Freedom Unlimited back to back to hopefully only get 1 HP.

Both are saying 30 days so please keep your fingers crossed for me everyone!

Re: Am I ready to apply for CSP?

Anonymous — Thu, 07 Apr 2016 03:22:48 GMT

AGH!!! I applied for CSP and Freedom Unlimited back to back to hopefully only get 1 HP.

From the FU app, I got an email saying 30 days, and when I called the application status phone number, it says 30 days as well so please cross your fingers for me everyone!

Re: Am I ready to apply for CSP?

Anonymous — Thu, 07 Apr 2016 03:39:16 GMT

Maybe 3rd post will stick... I applied for CSP and Freedom Unlimited back to back hoping for only 1 HP, but both said they will review and let me know in 30 days.

Immediately called the application status line and it also says 30 days, so please cross your fingers for me everyone! Ugh the Chase waiting game begins!

Re: Am I ready to apply for CSP?

Anonymous — Thu, 07 Apr 2016 07:40:35 GMT

@Anonymous wrote:
Maybe 3rd post will stick... I applied for CSP and Freedom Unlimited back to back hoping for only 1 HP, but both said they will review and let me know in 30 days.

Immediately called the application status line and it also says 30 days, so please cross your fingers for me everyone! Ugh the Chase waiting game begins!

Good luck!

Re: Am I ready to apply for CSP?

Anonymous — Thu, 07 Apr 2016 15:06:43 GMT

Should I call the back door and talk to an underwriter, or just wait it out?

I have seen general consensus for the 30 day message to just wait, and also seen quite a few people who called some back door number to talk to an underwriter and just had to verify a few things for approval.

Re: Am I ready to apply for CSP?

Anonymous — Thu, 07 Apr 2016 19:36:44 GMT

My score was much lower when I was approved for CSP. Got a 20k limit and approved for the freedom 3 months later with a same day CLI from 5K to 7500. You should definitely be approved.

Re: Am I ready to apply for CSP?

Anonymous — Thu, 07 Apr 2016 23:16:03 GMT

Only call the automated line to check! Don't talk to a live person!

Re: Am I ready to apply for CSP?

_NERD — Fri, 08 Apr 2016 06:24:09 GMT

I fly off the handle this past week talking high & mighty about having no desire to app for anything. Even have the gold sobriety spade to show I'm walking the walk, not just talking the talk. Then I see a post like this and I get to thinking, like "I can do this too".

Best of luck.

Re: Am I ready to apply for CSP?

Anonymous — Fri, 08 Apr 2016 13:27:01 GMT

Got a notice from CapitalOne credit tracker of a new inquiry, oddly it shows only 1 from Chase, while my LL tracker shows two separate inquiries from them (1 for CSP and another for FU) so they definitely pulled TransUnion which is good since it is 765 now.

Not sure if they pulled any others yet but the app status line still says 30 days so I'm really hopeful

Re: Am I ready to apply for CSP?

Anonymous — Fri, 08 Apr 2016 13:34:52 GMT

I beat the 5/24 yesterday and got the freedom. I would wait it out and only call if need be after you have a decision, but be confident. I think you will get the card. Good Luck.

Re: Am I ready to apply for CSP?

Anonymous — Wed, 13 Apr 2016 05:23:27 GMT

So... Good news but I'm not sure which. I applied for CSP and FU within about 60 seconds. Calling the automated status line tonight it said i am approved and my card will be here in a few days but how do i know which card? Or if one was approved and the other not?

Is it safe to choose the option to ask an agent at this point? If CSP was approved i would like them to expedite it.

Side note, got a letter from TU today that they deleted my only remaining baddie a few weeks ago (before my Chase apps) so when they double TU pulled me they got a perfectly clean 765+ file