topic Re: Help Me Make a Plan for Next App (CSP) in Credit Card Applications

Help Me Make a Plan for Next App (CSP)

Anonymous — Sun, 29 Apr 2018 14:25:34 GMT

I have a thin file and I've been gardening for about 5 months. My goal is to be approved for a decent SL for a CSP.

How should I play this?

730 Ex, not certain on Tu and Eq but probably a few points higher (because I have 3 inqs on Ex but 0 on Tu and Eq)

I have looked into going the PRG route but I feel like Chase is the best fit, even though I could jump out of the garden with Amex today—but with chase I will have to play my cards right.

At a minimum, I think I need to wait until my newest card (Chase Amazon) hits 6 months.

No prequals, and I don't expect to be prequaled because I never get chase prequals. I have a decade long banking relationship and my first card was with chase for CFU

AAoA is only 9 months.

If I garden for:
A) 1 month my newest card is at 6 months and I can probably CLI my Amex BCE (currently 6k, potentially up to 18k) at that time
B) 3 months my AAoA hits 1 year
C) 10 months my oldest card (CFU) hits 2 years

My feeling is chase doesn't like me much, while amex would approve me for anything I want.

I do feel like I could apply to CSP today and get approved on recon, but probably with a 5k SL and I would prefer to get instantly approved for 10k+

Income is 80k

How should I play this? Of course, the longer I garden the better my chances, but it would be nice to have the CSP in my wallet tomorrow!

Re: Help Me Make a Plan for Next App (CSP)

simplynoir — Sun, 29 Apr 2018 14:38:41 GMT

@Anonymous wrote:
I have a thin file and I've been gardening for about 5 months. My goal is to be approved for a decent SL for a CSP.

How should I play this?

730 Ex, not certain on Tu and Eq but probably a few points higher (because I have 3 inqs on Ex but 0 on Tu and Eq)

I have looked into going the PRG route but I feel like Chase is the best fit, even though I could jump out of the garden with Amex today—but with chase I will have to play my cards right.

At a minimum, I think I need to wait until my newest card (Chase Amazon) hits 6 months.

No prequals, and I don't expect to be prequaled because I never get chase prequals. I have a decade long banking relationship and my first card was with chase for CFU

AAoA is only 9 months.

If I garden for:
A) 1 month my newest card is at 6 months and I can probably CLI my Amex BCE (currently 6k, potentially up to 18k) at that time
B) 3 months my AAoA hits 1 year
C) 10 months my oldest card (CFU) hits 2 years

My feeling is chase doesn't like me much, while amex would approve me for anything I want.

I do feel like I could apply to CSP today and get approved on recon, but probably with a 5k SL and I would prefer to get instantly approved for 10k+

Income is 80k

How should I play this? Of course, the longer I garden the better my chances, but it would be nice to have the CSP in my wallet tomorrow!

Depending on how soon you would like to have the CSP option B is your best bet. You ge the 1 yr AAoA that Chase likes and assuming you get the full request from your 3X CLI with AMEX you'll have a high limit that Chase would theotricially like to match to. And I know you said you've prequaled but considering your banking relationship are you getting no offers from the website or have you gone to a branch office to check with them? Seems weird you wouldn't get any.

Re: Help Me Make a Plan for Next App (CSP)

Anonymous — Sun, 29 Apr 2018 14:52:35 GMT

@simplynoir wrote:
@Anonymous wrote:
I have a thin file and I've been gardening for about 5 months. My goal is to be approved for a decent SL for a CSP.

How should I play this?

730 Ex, not certain on Tu and Eq but probably a few points higher (because I have 3 inqs on Ex but 0 on Tu and Eq)

I have looked into going the PRG route but I feel like Chase is the best fit, even though I could jump out of the garden with Amex today—but with chase I will have to play my cards right.

At a minimum, I think I need to wait until my newest card (Chase Amazon) hits 6 months.

No prequals, and I don't expect to be prequaled because I never get chase prequals. I have a decade long banking relationship and my first card was with chase for CFU

AAoA is only 9 months.

If I garden for:
A) 1 month my newest card is at 6 months and I can probably CLI my Amex BCE (currently 6k, potentially up to 18k) at that time
B) 3 months my AAoA hits 1 year
C) 10 months my oldest card (CFU) hits 2 years

My feeling is chase doesn't like me much, while amex would approve me for anything I want.

I do feel like I could apply to CSP today and get approved on recon, but probably with a 5k SL and I would prefer to get instantly approved for 10k+

Income is 80k

How should I play this? Of course, the longer I garden the better my chances, but it would be nice to have the CSP in my wallet tomorrow!

Depending on how soon you would like to have the CSP option B is your best bet. You ge the 1 yr AAoA that Chase likes and assuming you get the full request from your 3X CLI with AMEX you'll have a high limit that Chase would theotricially like to match to. And I know you said you've prequaled but considering your banking relationship are you getting no offers from the website or have you gone to a branch office to check with them? Seems weird you wouldn't get any.

I went into a branch a couple weeks ago and banker said no offers. She said I could be approved anyway, but she would prefer to wait to get the offer. I agree that waiting 3 months is a good bet because I get the 1 year AAoA plus a cli opportunity on my Amex. I just know that Chase is a mystery and they don't seem to like me much

Re: Help Me Make a Plan for Next App (CSP)

simplynoir — Sun, 29 Apr 2018 16:30:59 GMT

@Anonymous wrote:
@simplynoir wrote:
@Anonymous wrote:
I have a thin file and I've been gardening for about 5 months. My goal is to be approved for a decent SL for a CSP.

How should I play this?

730 Ex, not certain on Tu and Eq but probably a few points higher (because I have 3 inqs on Ex but 0 on Tu and Eq)

I have looked into going the PRG route but I feel like Chase is the best fit, even though I could jump out of the garden with Amex today—but with chase I will have to play my cards right.

At a minimum, I think I need to wait until my newest card (Chase Amazon) hits 6 months.

No prequals, and I don't expect to be prequaled because I never get chase prequals. I have a decade long banking relationship and my first card was with chase for CFU

AAoA is only 9 months.

If I garden for:
A) 1 month my newest card is at 6 months and I can probably CLI my Amex BCE (currently 6k, potentially up to 18k) at that time
B) 3 months my AAoA hits 1 year
C) 10 months my oldest card (CFU) hits 2 years

My feeling is chase doesn't like me much, while amex would approve me for anything I want.

I do feel like I could apply to CSP today and get approved on recon, but probably with a 5k SL and I would prefer to get instantly approved for 10k+

Income is 80k

How should I play this? Of course, the longer I garden the better my chances, but it would be nice to have the CSP in my wallet tomorrow!

Depending on how soon you would like to have the CSP option B is your best bet. You ge the 1 yr AAoA that Chase likes and assuming you get the full request from your 3X CLI with AMEX you'll have a high limit that Chase would theotricially like to match to. And I know you said you've prequaled but considering your banking relationship are you getting no offers from the website or have you gone to a branch office to check with them? Seems weird you wouldn't get any.

I went into a branch a couple weeks ago and banker said no offers. She said I could be approved anyway, but she would prefer to wait to get the offer. I agree that waiting 3 months is a good bet because I get the 1 year AAoA plus a cli opportunity on my Amex. I just know that Chase is a mystery and they don't seem to like me much

I don't think the lack of offers should deter you from applying. There are plenty of datapoints of people who don't get anything on the prequalification page still getting nice approvals.

Re: Help Me Make a Plan for Next App (CSP)

Anonymous — Sun, 29 Apr 2018 18:25:09 GMT

Your biggest scoring bump is going to come from Amazon (AoYA), along with the inquiry you took for the app, hitting the 1 year mark. Option 4 is to wait 7 months with 1 year+ on AAoA and 2 cycles to work on your Amex CLIs. Chase requires HP for future CLI requests so it's best to start with a good SL, I believe option 4 gives you the best chance, you certain have the income to support it.

Re: Help Me Make a Plan for Next App (CSP)

Anonymous — Sun, 29 Apr 2018 19:57:59 GMT

@Anonymous wrote:
Your biggest scoring bump is going to come from Amazon (AoYA), along with the inquiry you took for the app, hitting the 1 year mark. Option 4 is to wait 7 months with 1 year+ on AAoA and 2 cycles to work on your Amex CLIs. Chase requires HP for future CLI requests so it's best to start with a good SL, I believe option 4 gives you the best chance, you certain have the income to support it.

That's an interesting idea.

7 months takes me to AAoA of 1.4 years and AoOA of 1.75 years. If Amex gives me something like 10-18k CLI, I'll have 5-6 months of payment history on a 5 figure credit line.

With no inqs or new accounts my FICO probably climbs to 750 maybe higher

Could I app the CSR at that point??

Re: Help Me Make a Plan for Next App (CSP)

simplynoir — Sun, 29 Apr 2018 20:22:04 GMT

@Anonymous wrote:
@Anonymous wrote:
Your biggest scoring bump is going to come from Amazon (AoYA), along with the inquiry you took for the app, hitting the 1 year mark. Option 4 is to wait 7 months with 1 year+ on AAoA and 2 cycles to work on your Amex CLIs. Chase requires HP for future CLI requests so it's best to start with a good SL, I believe option 4 gives you the best chance, you certain have the income to support it.
That's an interesting idea.

7 months takes me to AAoA of 1.4 years and AoOA of 1.75 years. If Amex gives me something like 10-18k CLI, I'll have 5-6 months of payment history on a 5 figure credit line.

With no inqs or new accounts my FICO probably climbs to 750 maybe higher

Could I app the CSR at that point??

Yes, because by that time assuming the full 3X CLI you'll show experience with a $10k+ credit card that the CSR will be and Chase like prior handling of large lines before approving CSR cards. That to go along with the increased AAoA and income I think you'll sit solid for that if you choose to.

Re: Help Me Make a Plan for Next App (CSP)

Anonymous — Sun, 29 Apr 2018 20:44:32 GMT

@simplynoir wrote:
@Anonymous wrote:
@Anonymous wrote:
Your biggest scoring bump is going to come from Amazon (AoYA), along with the inquiry you took for the app, hitting the 1 year mark. Option 4 is to wait 7 months with 1 year+ on AAoA and 2 cycles to work on your Amex CLIs. Chase requires HP for future CLI requests so it's best to start with a good SL, I believe option 4 gives you the best chance, you certain have the income to support it.
That's an interesting idea.

7 months takes me to AAoA of 1.4 years and AoOA of 1.75 years. If Amex gives me something like 10-18k CLI, I'll have 5-6 months of payment history on a 5 figure credit line.

With no inqs or new accounts my FICO probably climbs to 750 maybe higher

Could I app the CSR at that point??

Yes, because by that time assuming the full 3X CLI you'll show experience with a $10k+ credit card that the CSR will be and Chase like prior handling of large lines before approving CSR cards. That to go along with the increased AAoA and income I think you'll sit solid for that if you choose to.

Seems like I have a good shot at CSP after 3 months, or, if I decide to garden for 7 months I could come away with CSR