topic Re: CSP Temptation in Credit Card Applications

CSP Temptation

Anonymous — Fri, 05 Apr 2019 12:04:59 GMT

Floating around the approval board, noticed a bit of a wave of CSP/CSR approvals and it's getting me antsy. It's a goal card for me, and I'm trying to garden a bit before trying for it. All these approvals makes me want to go for it. Especially with some of the thinner files getting approved.

Current situation is FICOs 730+ AoOA is 2.5 years, AAoA is 7 months. 2% uti on one card (already PIF, waiting on report), all others 0. I also opened a Chase checking account, only offer they gave me though was if I opened a checking AND savings and a high deposit, so no SUB for me.

Anyway, what would you say my chances are if I wait til the end of May, should bring AAoA to 9mo and currently 4/24. All info in sig is current. That CSP is tempting me...

Re: CSP Temptation

Priory_Man — Fri, 05 Apr 2019 12:20:30 GMT

Hold out for as long as you can, the ageing of your youngest account should help you out a fair bit.
Who knows by the time the end of May rolls around you might have the green check mark for the CSP sitting there waiting for you.

Re: CSP Temptation

Anonymous — Fri, 05 Apr 2019 12:23:01 GMT

@Priory_Man wrote:
Hold out for as long as you can, the ageing of your youngest account should help you out a fair bit.
Who knows by the time the end of May rolls around you might have the green check mark for the CSP sitting there waiting for you.

That's what I'm hoping for, gonna be traveling in June and hope to have it before then.

Re: CSP Temptation

CreditInspired — Fri, 05 Apr 2019 12:44:34 GMT

@Anonymous wrote:
Floating around the approval board, noticed a bit of a wave of CSP/CSR approvals and it's getting me antsy. It's a goal card for me, and I'm trying to garden a bit before trying for it. All these approvals makes me want to go for it. Especially with some of the thinner files getting approved.

Current situation is FICOs 730+ AoOA is 2.5 years, AAoA is 7 months. 2% uti on one card (already PIF, waiting on report), all others 0. I also opened a Chase checking account, only offer they gave me though was if I opened a checking AND savings and a high deposit, so no SUB for me.

Anyway, what would you say my chances are if I wait til the end of May, should bring AAoA to 9mo and currently 4/24. All info in sig is current. That CSP is tempting me...

I suggest staying in the garden at a minimum til your AoYA age 12-18 months. If it were me, I’d wait for 24 months. This way at least the SL would possibly be higher.

Re: CSP Temptation

Reazon — Fri, 05 Apr 2019 17:20:35 GMT

I'm positive you would approve now, but if you wait it might be a larger SL, I couldn't wait. Lol
Good luck

Re: CSP Temptation

calyx — Fri, 05 Apr 2019 21:01:22 GMT

I got approved with a 17k starting line with less than what you have, so it could go either way for you. Gardening longer is almost always the right answer, so if you can hold on, do it.

Re: CSP Temptation

sjt — Sun, 07 Apr 2019 13:48:00 GMT

@Anonymous wrote:
Floating around the approval board, noticed a bit of a wave of CSP/CSR approvals and it's getting me antsy. It's a goal card for me, and I'm trying to garden a bit before trying for it. All these approvals makes me want to go for it. Especially with some of the thinner files getting approved.

Current situation is FICOs 730+ AoOA is 2.5 years, AAoA is 7 months. 2% uti on one card (already PIF, waiting on report), all others 0. I also opened a Chase checking account, only offer they gave me though was if I opened a checking AND savings and a high deposit, so no SUB for me.

Anyway, what would you say my chances are if I wait til the end of May, should bring AAoA to 9mo and currently 4/24. All info in sig is current. That CSP is tempting me...

I would hold out until you get a pre-qual or branch pre-approval offer.

Re: CSP Temptation

Anonymous — Sun, 07 Apr 2019 21:06:19 GMT

@sjt wrote:
@Anonymous wrote:
Floating around the approval board, noticed a bit of a wave of CSP/CSR approvals and it's getting me antsy. It's a goal card for me, and I'm trying to garden a bit before trying for it. All these approvals makes me want to go for it. Especially with some of the thinner files getting approved.

Current situation is FICOs 730+ AoOA is 2.5 years, AAoA is 7 months. 2% uti on one card (already PIF, waiting on report), all others 0. I also opened a Chase checking account, only offer they gave me though was if I opened a checking AND savings and a high deposit, so no SUB for me.

Anyway, what would you say my chances are if I wait til the end of May, should bring AAoA to 9mo and currently 4/24. All info in sig is current. That CSP is tempting me...
I would hold out until you get a pre-qual or branch pre-approval offer.

I'm hoping one pops up in my account. Don't feel like checking at a branch, closest one is almost 2 hours away. ;p

Re: CSP Temptation

Remedios — Mon, 08 Apr 2019 12:07:42 GMT

@Anonymous wrote:
Floating around the approval board, noticed a bit of a wave of CSP/CSR approvals and it's getting me antsy. It's a goal card for me, and I'm trying to garden a bit before trying for it. All these approvals makes me want to go for it. Especially with some of the thinner files getting approved.

Current situation is FICOs 730+ AoOA is 2.5 years, AAoA is 7 months. 2% uti on one card (already PIF, waiting on report), all others 0. I also opened a Chase checking account, only offer they gave me though was if I opened a checking AND savings and a high deposit, so no SUB for me.

Anyway, what would you say my chances are if I wait til the end of May, should bring AAoA to 9mo and currently 4/24. All info in sig is current. That CSP is tempting me...

How long ago did you get freedom unlimited?

Re: CSP Temptation

Anonymous — Mon, 08 Apr 2019 12:11:28 GMT

@Remedios wrote:
@Anonymous wrote:
Floating around the approval board, noticed a bit of a wave of CSP/CSR approvals and it's getting me antsy. It's a goal card for me, and I'm trying to garden a bit before trying for it. All these approvals makes me want to go for it. Especially with some of the thinner files getting approved.

Current situation is FICOs 730+ AoOA is 2.5 years, AAoA is 7 months. 2% uti on one card (already PIF, waiting on report), all others 0. I also opened a Chase checking account, only offer they gave me though was if I opened a checking AND savings and a high deposit, so no SUB for me.

Anyway, what would you say my chances are if I wait til the end of May, should bring AAoA to 9mo and currently 4/24. All info in sig is current. That CSP is tempting me...

How long ago did you get freedom unlimited?

That's one of my biggest concerns, I know Chase doesn't like throwing them out back to back. My CFU opened on Feb 1.

Re: CSP Temptation

Remedios — Mon, 08 Apr 2019 12:14:44 GMT

@Anonymous wrote:
@Remedios wrote:
@Anonymous wrote:
Floating around the approval board, noticed a bit of a wave of CSP/CSR approvals and it's getting me antsy. It's a goal card for me, and I'm trying to garden a bit before trying for it. All these approvals makes me want to go for it. Especially with some of the thinner files getting approved.

Current situation is FICOs 730+ AoOA is 2.5 years, AAoA is 7 months. 2% uti on one card (already PIF, waiting on report), all others 0. I also opened a Chase checking account, only offer they gave me though was if I opened a checking AND savings and a high deposit, so no SUB for me.

Anyway, what would you say my chances are if I wait til the end of May, should bring AAoA to 9mo and currently 4/24. All info in sig is current. That CSP is tempting me...

How long ago did you get freedom unlimited?
That's one of my biggest concerns, I know Chase doesn't like throwing them out back to back. My CFU opened on Feb 1.

My advice would be to wait. It does not mean they would not approve it now, but if you do apply, you will get the 30 day thingy and from there it could go either way.

I'd wait at minimum 3 months. If you cant wait, the only way to find out is to apply.

Re: CSP Temptation

Anonymous — Mon, 08 Apr 2019 12:22:06 GMT

I planned to wait until late May to mid June. It'll be over 3 months. Hoping they toss me an offer, don't want to simply cold app. Not a big loss if they deny me, I just wanted it for my trip, my PPCBMC has no FTF so the CSP isn't a huge requirement. The lack of contactless on the CBMC is a bit of a pain, of all my cards, only the CFU is contactless and it has a FTF. I generally use contactless when I can, hopefully they accept Google Pay.

Re: CSP Temptation

Remedios — Mon, 08 Apr 2019 13:04:33 GMT

If you wait till June, I dont think cold app will be an issue.

See if you can get CLI on that paypal to get it close to $5k.

Re: CSP Temptation

Anonymous — Mon, 08 Apr 2019 13:07:12 GMT

The luv button showed up on my PayPal card. I'm waiting another month before I poke it.

Re: CSP Temptation

Anonymous — Wed, 17 Apr 2019 16:37:18 GMT

Uh oh. The temptation is back and worse. I just made a post with a DP concerning my Chase checking account and suddenly a slate prequal showing up. Now a few hours later, my prequal slate has upgraded to the CSP with a fixed apr. I'm going to let it sit and marinate another month, see if it graduates from prequal to pre-approved.

Re: CSP Temptation

sjt — Wed, 17 Apr 2019 17:41:36 GMT

@Anonymous wrote:
Uh oh. The temptation is back and worse. I just made a post with a DP concerning my Chase checking account and suddenly a slate prequal showing up. Now a few hours later, my prequal slate has upgraded to the CSP with a fixed apr. I'm going to let it sit and marinate another month, see if it graduates from prequal to pre-approved.

What is the set APR rate they offered?

Re: CSP Temptation

Anonymous — Wed, 17 Apr 2019 17:44:03 GMT

@sjt wrote:
@Anonymous wrote:
Uh oh. The temptation is back and worse. I just made a post with a DP concerning my Chase checking account and suddenly a slate prequal showing up. Now a few hours later, my prequal slate has upgraded to the CSP with a fixed apr. I'm going to let it sit and marinate another month, see if it graduates from prequal to pre-approved.
What is the set APR rate they offered?

Pretty much suck, 25.24% which I think is the highest apr on the CSP. However, I always PIF anyway, so apr doesn't matter.

Re: CSP Temptation

sjt — Wed, 17 Apr 2019 17:51:29 GMT

Congrats of the pre-qual, but I would wait until the APR is lower, even though you PIF.

Also, let one of your credit cards report a small balance. If they all report a 0 balance your score will decrease.

Re: CSP Temptation

Anonymous — Wed, 17 Apr 2019 17:55:45 GMT

I'm aware, currently doing AZEO, my PPCBMC is my reporting card, since they seem to like random reporting anyway and hard to zero unless you simply don't use it. Currently at 5% uti on it and 2% overall uti.

Re: CSP Temptation

Omw800 — Thu, 18 Apr 2019 12:48:12 GMT

I’m hopeful you’ll be approved. The only thing I could see making a difference is the SL if you wait. What’s the spending limit on your other card ?