topic Re: CSP “auto approval” declined in Credit Card Applications

CSP “auto approval” - I declined the offer

black_citi — Tue, 03 Mar 2020 03:07:47 GMT

Wasn't sure where to put this thread.

Got an email from Chase saying I was approved (not preapproved) for the CSP with 24.49% apr and a 8k credit line. All I had to do was agree to the terms and hit submit. The offers also showed when I logged into my account.

The itch was strong, especially since the CSP is my goal card. But I resisted the urge to scratch. The ointment helps.

2 reasons.

1. I want my scores to get above 720 so I can try for a 10k or above SL. The APR doesn't bother me since I PIF anyways.

2. Although I want to take advantage of that 60k bonus after 4k spend, I don't have $4000 worth of crap I need to buy right now. Not gonna put myself in debt for that.

They also auto approved me for the Southwest card with a 7k SL and a 25k auto loan with 5% interest for 60. I am looking for a vehicle but im not in a hurry for that one either since I want my scores to get above 740.

But I now understand the power of having good credit.

Im really happy to see I finally got approved for that card after 10 years of "no", but yea, I declined them.

Re: CSP “auto approval” declined

pinkandgrey — Mon, 02 Mar 2020 21:21:40 GMT

Your will power is strong. Sooner or later you're gonna get that card with a huge SL.

Re: CSP “auto approval” declined

Anonymous — Mon, 02 Mar 2020 21:45:42 GMT

I commend your will power to resist temptation! Congratulations on your offer though

Re: CSP “auto approval” - I declined the offer

coldfusion — Tue, 03 Mar 2020 01:04:44 GMT

Declining that card at this point in time was the right move given that the APR quoted is the highest offered for that card and the mediocre APR they offered you for the auto loan.

Keep your nose clean and they'll eventually come back to you with better offers.

Re: CSP “auto approval” - I declined the offer

blindambition — Tue, 03 Mar 2020 01:12:14 GMT

@coldfusion wrote:
Declining that card at this point in time was the right move given that the APR quoted is the highest offered for that card and the mediocre APR they offered you for the auto loan.

Keep your nose clean and they'll eventually come back to you with better offers.

This is good advice! You say you PIF, but that APR is final. Chase doesn't do APR reductions. Every so often a promo reduction might come around, but infrequent.

Re: CSP “auto approval” - I declined the offer

AllZero — Tue, 03 Mar 2020 01:12:31 GMT

Congratulations on your offer!

Re: CSP “auto approval” - I declined the offer

seattletravels — Tue, 03 Mar 2020 01:56:36 GMT

That's some will power!

Re: CSP “auto approval” - I declined the offer

Meanmchine — Tue, 03 Mar 2020 03:01:10 GMT

I wish Chase would give me pre-approvals

Nice work on getting those nice offers

Re: CSP “auto approval” - I declined the offer

coreysw12 — Tue, 03 Mar 2020 03:01:49 GMT

That offer is so tempting that I had to resist the urge to click on the screenshot you posted

I agree with you, and the others above, that it was probably the right move to wait this one out. You're on their radar for that card now, so it's likely that the offer will only get better the more your profile improves.

That said, I've been waiting a long time for a green checkmark for the Freedom, and if one popped up with a 12,000% APR and a $200 limit I'd probably still take it

Re: CSP “auto approval” - I declined the offer

Anonymous — Tue, 03 Mar 2020 03:20:57 GMT

Congrats on holding out!

Re: CSP “auto approval” - I declined the offer

Anonymous — Tue, 03 Mar 2020 03:30:24 GMT

I held off that offer too. I just couldn't use the card after I earned the SUB. The offer disappeared. Then I got an offer for CFU. I had that card and PC'd it to CF in 2018. Since then DC nerfed some benefits. So I could keep it for extended warranty. Or maybe next year Chase has other offerings that I can PC to. If I don't want to keep it, I can roll it into my CF card. I'll still have a Chase cash back card in the end.

Re: CSP “auto approval” - I declined the offer

jbsilva21 — Tue, 03 Mar 2020 04:06:20 GMT

Haha, nice on holding out. I'm working my way to the Hyatt card. Congratulations on the offer and the ability to decline it.

Re: CSP “auto approval” - I declined the offer

SarahJo — Tue, 03 Mar 2020 13:00:46 GMT

@black_citi wrote:
Wasn't sure where to put this thread.

Got an email from Chase saying I was approved (not preapproved) for the CSP with 24.49% apr and a 8k credit line. All I had to do was agree to the terms and hit submit. The offers also showed when I logged into my account.

The itch was strong, especially since the CSP is my goal card. But I resisted the urge to scratch. The ointment helps.

2 reasons.

1. I want my scores to get above 720 so I can try for a 10k or above SL. The APR doesn't bother me since I PIF anyways.

2. Although I want to take advantage of that 60k bonus after 4k spend, I don't have $4000 worth of crap I need to buy right now. Not gonna put myself in debt for that.

They also auto approved me for the Southwest card with a 7k SL and a 25k auto loan with 5% interest for 60. I am looking for a vehicle but im not in a hurry for that one either since I want my scores to get above 740.

But I now understand the power of having good credit.

Im really happy to see I finally got approved for that card after 10 years of "no", but yea, I declined them.

The force is strong with this one ;-). Great move, just because you can doesn't mean you should, and when you do pull the trigger it will be that much sweeter.

Make sure to troll the auto forum if you're gearing up for an auto loan, a lot of great information and DP's there!

Re: CSP “auto approval” - I declined the offer

GmbH — Tue, 03 Mar 2020 13:49:11 GMT

Yes, waiting a bit longer can yield nice benefits long term.

Re: CSP “auto approval” - I declined the offer

Anonymous — Tue, 03 Mar 2020 22:07:26 GMT

congrats on that approval!

i dont know if i would be able to resist that offer as it is also a goal card of mine.

Re: CSP “auto approval” - I declined the offer

black_citi — Wed, 04 Mar 2020 08:43:16 GMT

I wasn't expecting so much positive feedback. For some reason I was thinking I might be called a fool for not taking it and was contemplating whether I should make the post or not haha.

All the info I received is really helpful. Im going to wait til my credit improves and apply then. I'll definitely keep everyone posted.

Re: CSP “auto approval” - I declined the offer

seattletravels — Wed, 04 Mar 2020 13:15:33 GMT

Nah! Waiting until you have a stronger profile is always a smart thing to do!

Re: CSP “auto approval” - I declined the offer

Anonymous — Wed, 04 Mar 2020 13:52:13 GMT

Awesome job with the self-control!

Congrats on the offer, I know you're going to get that 740+ score soon!

Re: CSP “auto approval” - I declined the offer

Anonymous — Wed, 04 Mar 2020 16:59:20 GMT

@black_citi wrote:
I wasn't expecting so much positive feedback. For some reason I was thinking I might be called a fool for not taking it and was contemplating whether I should make the post or not haha.

All the info I received is really helpful. Im going to wait til my credit improves and apply then. I'll definitely keep everyone posted.

Definitely good approach. Wait until something comes up that you REALLY want. Then you are in great position because you haven't gone after all the dangling fruit that was in front of you.

Re: CSP “auto approval” - I declined the offer

nash2vic — Fri, 06 Mar 2020 21:37:12 GMT

How do you get that pre-approval window in Chase?

I have never received one for any kind of product.

Interesting...