topic Re: CSP Offer in Credit Card Applications

CSP Offer

Tito1183 — Thu, 23 May 2019 20:00:18 GMT

I’ve never had an offer with Chase, I had 2 slate cards charged off 10 years ago when I went through a kidney transplant and finances got tough. I log on today and I see an offer for the CSP, 60,000 points just asking for income and my phone number. Had a solid APR of 22.24% and I believe this is the green check mark everyone refers to, I've never seen it. I have a Chase FU that has a $500 limit and was declined for an increase upon a manual recon about a month ago, they made mention of the charge offs 10 years ago. Does this look like a solid offer or just marketing?

Re: CSP Offer

M_Smart007 — Thu, 23 May 2019 20:03:58 GMT

as @oldman87 quotes, I would go into a local Chase Branch and speak to a personal Banker,

I have a few chase cards over the years, and I would not do anything but in branch approval's and have the Banker help

with the process. and limit 1 app with chase. many threads on myFICO about people getting all Cards shut down, some report bank accounts closed to.

Re: CSP Offer

swpopham — Thu, 23 May 2019 20:35:02 GMT

I had the same type of offer took it, and got the 7-10 day message, waited 5 days, got an email to call them, called and did a 45 min phone interview got to the end of it. Then the lady said because of the amount of credit you have with chase I have to take my notes and send it to my boss who will review everything and let you know in 1-30 business days. Thank you for calling chase.. score was 785 experian according to the email I recieved from them.

Re: CSP Offer

Tito1183 — Thu, 23 May 2019 20:38:39 GMT

I’m over 5/24 as of yesterday, since I didn’t have any offers, so I applied for the Uber Visa. I may just hold off till March when I have a slot open up for it, don’t need it till May for a trip o Europe.

Re: CSP Offer

swpopham — Thu, 23 May 2019 20:46:29 GMT

@Tito1183 wrote:
I’m over 5/24 as of yesterday, since I didn’t have any offers, so I applied for the Uber Visa. I may just hold off till March when I have a slot open up for it, don’t need it till May for a trip o Europe.

If you are over and dont need it, id wait til jan 2020 and have your 0 balances reported and then take the plunge and see what happens. Set your self up for sucess especially if its only been a month since denial.

Chase 5/24 Rule

Tito1183 — Thu, 23 May 2019 20:52:15 GMT

If one is over 5/24 and closes accounts they no longer have use for because of lower limits that fall within the 5/24, does that bring them back below 5/24 once they report closed?

Re: Chase 5/24 Rule

pinkandgrey — Thu, 23 May 2019 21:01:59 GMT

Unfortunately no. Chase doesn’t care whether you KEEP your cards. It cares that you OPENED them.

Re: CSP Offer

Tito1183 — Thu, 23 May 2019 21:48:18 GMT

Couldn’t resist, as I didn’t want to lose the offer and it was well worth it! Instant approval for $17,500 while being 9/24. Time for a long stint in the garden now!

Re: CSP Offer

Anonymous — Thu, 23 May 2019 21:52:22 GMT

@M_Smart007 wrote:
as @oldman87 quotes, I would go into a local Chase Branch and speak to a personal Banker,
I have a few chase cards over the years, and I would not do anything but in branch approval's and have the Banker help
with the process. and limit 1 app with chase. many threads on myFICO about people getting all Cards shut down, some report bank accounts closed to.

So I too have a "pre-qualified" CSO offer. I've been a Chase banking customer for years. I don't have a green check mark on my offer though. Mine looks like what's in the picture below. Are you saying that I still should go into a branch for an in-branch approval?

Re: CSP Offer

Anonymous — Thu, 23 May 2019 21:55:05 GMT

@Tito1183 wrote:
Couldn’t resist, as I didn’t want to lose the offer and it was well worth it! Instant approval for $17,500 while being 9/24. Time for a long stint in the garden now!

Care to share any data points (scores, income, DTI, etc.)?

Re: CSP Offer

Tito1183 — Thu, 23 May 2019 22:00:19 GMT

They pulled EX and TU 691 and 687 respectively.

Income is about $115K

DTI - would have to calculate, don’t have off the top of my head.

Have a FU for $500 with them from when I started my rebuild, may look to transfer 5,000 of the $17,500 to this card now.

Re: CSP Offer

FinStar — Thu, 23 May 2019 22:01:54 GMT

This thread is locked and closed to new messages.

The new thread can be found here:

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/CSP-APPROVED-9-24/td-p/5622606