topic Re: CSP or Freedom???? in Credit Card Applications

CSP or Freedom????

Anonymous — Tue, 16 Oct 2018 13:22:22 GMT

Hi guys! So I've had my CFU for 3 months now, coming up to 4 months. I also bank with chase. I went to the pre qualified section and I have green check marks for the CSR, CSP, Freedom, and slate. What should I apply for?

Average spending on CFU is 3k/month. Never carried a balance.

Aaoa: 4 months
Income: 132k
Cards: capone (300 SL), CFU (500)

I dont have a fico yet. Thank you in advance for the help

Re: CSP or Freedom????

Anonymous — Tue, 16 Oct 2018 13:46:42 GMT

Also APR for all the cards are at 24.74. Its only asking for my income.

Re: CSP or Freedom????

sjt — Tue, 16 Oct 2018 13:54:11 GMT

I would select the card based on your needs and the value you would get out of them.

Re: CSP or Freedom????

Anonymous — Tue, 16 Oct 2018 14:00:24 GMT

How about the approval odds on the CSP and freedom?

Re: CSP or Freedom????

kilroy8 — Tue, 16 Oct 2018 14:00:28 GMT

Are they offering SUB's? The spend on the CSP SUB is quite high, $4K in 3 months, the Freedom is much less than that.

If they aren't offering SUB, I wouldn't take any offer until they do.

Re: CSP or Freedom????

kilroy8 — Tue, 16 Oct 2018 14:02:15 GMT

The CSP has a minimum $5K limit required. You don't have anything approaching that yet, so it could be a big stretch to get that card.

Re: CSP or Freedom????

Anonymous — Tue, 16 Oct 2018 18:38:36 GMT

@kilroy8 wrote:
The CSP has a minimum $5K limit required. You don't have anything approaching that yet, so it could be a big stretch to get that card.

That's true but if the income reported is passing through their bank they are much more cooperative than with people that don't bank with them. They love people bringing "new money" in their bank as most banks would.

Re: CSP or Freedom????

xaximus — Tue, 16 Oct 2018 19:33:12 GMT

With your current crop of cards, I would suggest the Freedom over anything for now. It looks like the income is there, not sure of the AAoA but since no Fico Score is generated (yet), I'm guessing it'll be relatively short AAoA. I would add the Freedom and grow from there. I would give it atleast a few months to a year to grow your AAoA.

Re: CSP or Freedom????

Anonymous — Tue, 16 Oct 2018 20:46:36 GMT

I would wait until FICO generates and go for Freedom, much better chance at better APR and higher CL.

Re: CSP or Freedom????

Anonymous — Tue, 16 Oct 2018 21:22:20 GMT

I think you have good odds at getting the freedom. For CSP I'd wait 3 months more minimum. If you can max the freedom's quarterly categories you can earn 30k + 15k = 45k UR vs CSP's bonus of 50k UR, so it's pretty close. If I were in your shoes I'd probably try for the freedom now, then in 3-4 months I'd apply for CSP.

Re: CSP or Freedom????

Anonymous — Tue, 16 Oct 2018 21:28:17 GMT

I’d go for the Freedom before the CSP. No annual fee, 5% categories, no nonsense kind of card. It’ll work well with your CFU. Give yourself some time and history.

Re: CSP or Freedom????

MrPSS — Wed, 17 Oct 2018 02:01:35 GMT

Hey, congrats on your CFU and additional pre approvals! I've been a long time Chase customer and am going to recommend that you go with the CSP. Reason being is those Chase green check marks are solid. You have a single APR offered, it's on the high side, but not max and you have the CSR offer. That card is not offered to everyone, even when the CSP is offered.

I just got the CSP back in Aug 2018 and also have had the CFU as my first Chase card and I will tell you that you will be VERY happy with the CSP. It's an awesome looking card, you'll earn max UR points with both the CFU and CSP and it will open doors for you with other banks down the line. I'm about to hit my SUB already less than 2 months. It will now be fun to rack up the points with both cards!

Good luck and be sure to share the approval with us over in the approvals board!!

Re: CSP or Freedom????

Anonymous — Wed, 17 Oct 2018 15:22:30 GMT

I guess i'll settle with the freedom for now. Thank you guys for the help. I'll update once I pull the trigger on this.

Re: CSP or Freedom????

MrPSS — Wed, 17 Oct 2018 16:06:39 GMT

Don't settle! You have history with Chase. Even if you have to recon, they can't really say that history is too short because 1) you are past 90 days with your CFU and 2) you're banking history with them extends beyond this.