topic Re: Advice on timing to apply for Chase Reserve Card in Credit Card Applications

Advice on timing to upgrade for Chase Reserve Card

Anonymous — Sun, 17 Nov 2019 14:52:40 GMT

Hey folks, need some feedback.

I have a 30D late in September. I’ve tried everything to remove it without success. But I’m current now. My scores are now 703 across the board. Besides that 30D late, my credit is flawless. I have no balances on $60K credit limit. Lots of mixed credit. I have 3 inquires in the past year.

I will be eligible to upgrade my Sapphire Preferred to Reserve on August 10th. What are my chances here? I’m hoping to get into the 730 range by then? Is that realistic? Or should I wait until September and make a year from the 30D late before I ask to upgrade. Is this 30D late an automatic denial for anything I apply for in the next 2 years??? Is 12 month enough of data points to see my payment history continue after the 30D late???

Re: Advice on timing to apply for Chase Reserve Card

OmarGB9 — Sat, 16 Nov 2019 18:30:32 GMT

I don't know that it's an automatic denial, but definitely a hinderance. 12 month wait period would be good, 24 month would be better, IMO. Especially with Chase.

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sat, 16 Nov 2019 18:37:35 GMT

I think that depends:

Do you already have a 10k cl with your sapphire?

I feel that if they haven't taken action on your 30d reporting, youre probably still ok for upgrade. That said, maybe let the 30d age a bit first.

Re: Advice on timing to apply for Chase Reserve Card

M_Smart007 — Sat, 16 Nov 2019 18:55:17 GMT

@Anonymous wrote:
Hey folks, need some feedback.

I have a 30D late in September. I’ve tried everything to remove it without success. But I’m current now. My scores are now 703 across the board. Besides that 30D late, my credit is flawless. I have no balances on $60K credit limit. Lots of mixed credit. I have 3 inquires in the past year.

I will be eligible to upgrade my Sapphire Preferred to Reserve on August 10th. What are my chances here? I’m hoping to get into the 730 range by then? Is that realistic? Or should I wait until September and make a year from the 30D late before I ask to upgrade. Is this 30D late an automatic denial for anything I apply for in the next 2 years??? Is 12 month enough of data points to see my payment history continue after the 30D late???

Thats hard to answer, most lenders will overlook (1) 30 day late (Li.fe Happens)

Chase is a little more scrutinizing that most. if everything else is solid? and you have a strong somewhat aged profile,

I think you have a shot. but The older that 30 day gets, the better off you are. Wish I had a clear answer for you.

I hate to tell you to "just apply" and then you get denied.

if it were Me, I would apply, and if they denied for that reason, I would call and Recon/Explain.

sometimes Chase will overturn a Denial "They are not the Big Bad Bear waiting to eat someone"

I have had a very good overall experience with them. Even opened a Checking & Savings a while back.

Wish you the best!

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sat, 16 Nov 2019 20:14:13 GMT

I have a $25,000 credit limit with the Preferred card.

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sat, 16 Nov 2019 20:15:30 GMT

Everything else on my credit is solid. When you call for an upgrade I have heard it’s a soft inquiry.

Re: Advice on timing to apply for Chase Reserve Card

Remedios — Sat, 16 Nov 2019 20:41:14 GMT

I'm confused, the title says "apply" but rest of your post is only addressing PC from CSP to CSR

If you're only looking to PC, you have nothing to worry about. Send them SM, that should take care of it.
Credit is not pulled for PC.

If you're really talking about application, dont. Way too soon.

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sat, 16 Nov 2019 20:49:44 GMT

I apologize. Yes I’m upgrading my preferred to the Reserved. I have to wait the 13 months first.

Re: Advice on timing to apply for Chase Reserve Card

M_Smart007 — Sat, 16 Nov 2019 21:10:53 GMT

@Anonymous wrote:
I apologize. Yes I’m upgrading my preferred to the Reserved. I have to wait the 13 months first.

Sorry I was 1/2 asleep and misunderstood what you were trying to do.

I thought you were trying to apply for a "NEW" card.

Glad Remedios figured it all out, She is very sharp!

Re: Advice on timing to apply for Chase Reserve Card

Remedios — Sat, 16 Nov 2019 21:11:29 GMT

PC is perfectly fine, dont worry about that late
Just shoot them a message and it will get done.

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sat, 16 Nov 2019 21:17:19 GMT

Lol no worries. When I got the preferred I had a 807 and now I have a 703. Big drop. Hoping to get to atleast 730 by August. It’s not an excellent credit score but everything else of my profile is solid.

Re: Advice on timing to apply for Chase Reserve Card

coldfusion — Sun, 17 Nov 2019 13:18:49 GMT

@M_Smart007 wrote:
@Anonymous wrote:
I apologize. Yes I’m upgrading my preferred to the Reserved. I have to wait the 13 months first.
Sorry I was 1/2 asleep and misunderstood what you were trying to do.
I thought you were trying to apply for a "NEW" card.

Glad Remedios figured it all out, She is very sharp!

If you already hold a Sapphire product, applications for a 2nd one are denied with no ability to recon.

Re: Advice on timing to apply for Chase Reserve Card

Remedios — Sun, 17 Nov 2019 13:29:11 GMT

They are not applying, they are attempting PC from CSP to CSR.

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sun, 17 Nov 2019 13:29:59 GMT

Wait what? It’s denied if you try to upgrade before 13 months, yes.

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sun, 17 Nov 2019 13:30:51 GMT

Correct. After the 13 months are up. That 9 months from now for me.

Re: Advice on timing to apply for Chase Reserve Card

coldfusion — Sun, 17 Nov 2019 13:41:54 GMT

@Remedios wrote:
They are not applying, they are attempting PC from CSP to CSR.

I know that. Not everybody understood that the other option really wasn't an option.

Re: Advice on timing to apply for Chase Reserve Card

Anonymous — Sun, 17 Nov 2019 13:50:37 GMT

Oh ok

Re: Advice on timing to upgrade for Chase Reserve Card

FinStar — Sun, 17 Nov 2019 14:56:57 GMT

@Anonymous wrote:
I apologize. Yes I’m upgrading my preferred to the Reserved. I have to wait the 13 months first.

@Anonymous, the title of the thread has been slightly updated to indicate the "upgrade" vs new application as it's evident your thread caused some confusion for a variety of members.

Re: Advice on timing to upgrade for Chase Reserve Card

Anonymous — Sun, 17 Nov 2019 15:25:21 GMT

Thank you