topic Re: CFP Application in Credit Card Applications

CSP Application

Anonymous — Sat, 27 Jul 2019 14:12:01 GMT

My DW decided to apply for the chase sapphire preferred as I am over the 5/24 rule by quite a few.

She applied and it went to manual review
30 day message on automated line
When we called and the lady said no hold ups let me review the info etc
A few minutes later she came back and asked my wife some questions like old address, mothers birth month etc

She then said we need to send in proof of name change as credit report hasn’t update yet.

She said we would receive a letter in the mail for what we need to send but we are gonna go to branch tomorrow to fax things in.

Would the CSR asked for this info if there wasn’t a good chance of approval?

I called the auto line again and it’s 7-10 days however I think that’s because they need her info still

Also her scores are 760+ for all 3 no baddies almost 3 years of history.

100k income

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 01:50:11 GMT

99% of the time if they ask for docs it's an approval. Even after several calls and docs and 6 weeks it resulted in an approval.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 01:53:04 GMT

Yeah she was like did you last name change and did you move recently which both was yes,
Luckily she has our marriage license and new drivers license

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 01:57:45 GMT

Funny little things like that will make it difficult until the new info reports to the CRAs when you update existing lenders.

Small hurdle to overcome for an approval though.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 01:58:40 GMT

Yeah since I can’t get approved due to their rule I will be an authorized user on the account.
I would be under 5/24 soon however you can only get the bonus every 4 years? I think

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 16:30:41 GMT

Yup, 48 months is Sapphire products only. CS, CSP, CSR

You can always pick one up and forego the SUB if it's useful and worthwhile for your spend + perks.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 18:22:55 GMT

Is it 48 months per house hold or just 48 months per Sapphire community.

I know
My wife can’t get the bonus for another 48 months if approved but does that apply to me if I don’t have any chase cards?

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 18:34:41 GMT

Per Person.

household is a bit vague because you could have non-related people living at the same address and when the lease is up they could move apart.

So, if you've had the CSP/CSR then it would be 48 months from that date in which you collected the bonus. Even being an AU on hers won't count against you being able to get it once the timer expires for you. The AU would count against your 5/24 numbers though.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 18:58:47 GMT

5/24 wont matter for me since it was 5 cards all within a month so they will all fall off around the same time.

Sounds good I plan on getting the reserve as I am travellling for work quite a bit and want to reap the rewards and sub.

I thought for some reason it was 48 months per "household" so me and my wife couldnt get it.

Thanks for the info

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 19:20:34 GMT

Yeah, if you can really put the spend on it then I'd make a trip to a branch and see if you have a pre-approval for it. CSR doesn't popup when you look for it under pre-approvals, only at a branch. If it's showing at the branch there's a good chance you can get it if you have existing lines at or around 10K and over a year of history on them.

Looking at your signature here you'd be a prime candidate for an approval.

IIRC there was one guy that only had AU accounts reporting and a mid 7's score that got 15K out of them on a CSR.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 19:33:40 GMT

I am at over 5/24 for another year or two.

However I have that history with the cards etc.

Discover at 22k, NFCU at 25k, Penfed at 10k, Savor at 15k etc.

I plan to be an AU on the Preffered until I am under 5/24 then apply for the CSR in branch at that time.

I think if I tried no I would be SOL

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 19:39:28 GMT

If being an AU helps meet the spend requirement then do that and then take a trip to the branch for a pre-approval even if you're over 5/24.

The branch is how you get around 5/24 issues.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 19:42:15 GMT

Sounds good.

We will meet that spend in about 1.5 months at most.

For the branch I just signed up for a checking account with them.

Should I wait before I ask for a pre approval in branch or just wait a while and check like every couple months

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 19:47:48 GMT

I am thinking of asking to see if there are any when we drop off documents for DW

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 20:18:19 GMT

@Anonymous wrote:
I am thinking of asking to see if there are any when we drop off documents for DW

Bingo.... perfect excuse to ask since you're already there.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 20:48:40 GMT

No go on offers.

Asked in bank and teller said she couldnt tell me but a banked could help.

He put in my info from DL etc and said no offers popped up.

Looks like ill be an AU for while now.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 20:52:15 GMT

Not a big deal since CSP earns pretty well when you have 2 people working on it. Give it a bit and check again when you're in branch. Could be a month, could be 6 months. Hard to say since the in branch system works a bit different than the JFY offers you see when you sign in. Those tend to follow 5/24 optimizing criteria moreso. The in branch looks more at profitability of a customer.

Re: CFP Application

Anonymous — Fri, 19 Jul 2019 20:53:36 GMT

Sounds good. Ill get added as an AU and then give it another 6 months and check again.

CSP Application Update

Anonymous — Wed, 24 Jul 2019 14:24:18 GMT

Hopefully good news.

DW applied last week for a CSP on Thursday the 18th,

It went to we need more to review so I had her call the backdoor number.

We had just gotten married and moved so her info was different from the CRA's

They asked her questions then said they would send her something in the mail for more info.

Status had changed from 30 days to the 7-10 day message.

We got the letter on Monday and it said the needed to verify her name so we sent in

DL,SSN, Marriage certificate etc.

This morning I called in and it has switched back to the we will let you know in 30 days.

Hopefully this week or early next we will know if she was approved or not.

Data Points

All fico 8 760+

2+ year AAoA

One 5k Card and one 25k Card

No baddies.

100k+ income

Re: CSP Application Update

Anonymous — Wed, 24 Jul 2019 14:30:04 GMT

It's normal to flip flop between messages when there's a pending action. 30-day / 7-10 / 30 day / 2-weeks.....

Safe to say it's an approval.... just doing due diligence to make sure ID matches everything submitted on the app. Banks don't waste time jumping thorugh hoops to verify info for a denial unless somehting substantially doesn't match with the info provided.