topic Re: Chase Trifecta - Looking for guidance in Credit Card Applications

Chase Trifecta - Looking for guidance

jibc1978 — Fri, 03 Mar 2023 20:58:46 GMT

Hi!

I've have recently stumbled upon the concept of the Chase CC trifecta, i am not very versed on credit cards but looking at the various ways that the CFU and CFF work to feed into CSP (or CSR for that matter) in order to maximize value (and i hope i'm getting that right) i was looking to apply to one of them to get the ball rolling. My interests are to gather/use the reward points mainly for travel.

I have no financial history with Chase, not sure if that is going to make things more difficult, but i was wondering if i could get some guidance on which would be a good CC to start with? if approved, how long should i wait until applying for a second one? Are there better options?

Any other pointers will be truly appreciated!

Some info about myself:

FICO Score 8:

- EQ: 818

- TU: 814

- EX: 812

No late payments

1% Utilization

~10 years

1 Recent Inquiry (Personal Loan)

Not sure if this is sufficient information, do let me know if there is anything else you would want me to add.

Thank you for any guidance provided!

Re: Chase Trifecta - Looking for guidance

SweetCreditObsession — Fri, 03 Mar 2023 22:03:04 GMT

@jibc1978 wrote:
Hi!

I've have recently stumbled upon the concept of the Chase CC trifecta, i am not very versed on credit cards but looking at the various ways that the CFU and CFF work to feed into CSP (or CSR for that matter) in order to maximize value (and i hope i'm getting that right) i was looking to apply to one of them to get the ball rolling. My interests are to gather/use the reward points mainly for travel.

I have no financial history with Chase, not sure if that is going to make things more difficult, but i was wondering if i could get some guidance on which would be a good CC to start with? if approved, how long should i wait until applying for a second one? Are there better options?
Any other pointers will be truly appreciated!

Some info about myself:
FICO Score 8:
- EQ: 818
- TU: 814
- EX: 812
No late payments
1% Utilization
~10 years
1 Recent Inquiry (Personal Loan)

Not sure if this is sufficient information, do let me know if there is anything else you would want me to add.

Thank you for any guidance provided!

You won't need a financial history with Chase in order to get approved for a card.

Your scores are more than sufficient to qualify. If I were in your shoes, I'd apply for the card that matches my needs the most right now. If you know that you want a feeder for a future CSR or CSP - look at the CFU and CFF and see which one you'd be inclined to use the most.

I hope that helps and that more knowledgeable people chime in soon.

Best wishes!

Re: Chase Trifecta - Looking for guidance

CreditCuriosity — Fri, 03 Mar 2023 23:42:02 GMT

What at @SweetCreditObsession said. Plenty of other posts on this forum and other that can explain best use of chase cards and how to maximize the out card whether CSP/CSR. Much of it is subjective and takes planning etc. Unlike MR's the worse you can do is 1 cent per UR or more where-as MR's can be below 1 cents per MR or well above. URs are easier to work with for most.

Re: Chase Trifecta - Looking for guidance

jibc1978 — Sat, 04 Mar 2023 00:10:59 GMT

thank you! appreciate the feedback!

Re: Chase Trifecta - Looking for guidance

jibc1978 — Sat, 04 Mar 2023 02:16:35 GMT

Hi!

Just got approved for CSP with a $13,800 CL!

how long should i wait before applying for a CFU or CFF? 30 days? 3 months?

Thank you for any feedback you may have!

Re: Chase Trifecta - Looking for guidance

JoeRockhead — Sat, 04 Mar 2023 02:28:14 GMT

@jibc1978 wrote:
Hi!

Just got approved for CSP with a $13,800 CL!

how long should i wait before applying for a CFU or CFF? 30 days? 3 months?

Thank you for any feedback you may have!

Chase generally will only approve 2 cards of the same type (personal or business) within a 30 day period... so technically you could apply for your 2nd card any time... should you? Good question. Very nice SL and approval you got, congratulations!

Re: Chase Trifecta - Looking for guidance

SpaceCityCCuser — Sat, 04 Mar 2023 03:24:48 GMT

@jibc1978 wrote:
Hi!

Just got approved for CSP with a $13,800 CL!

how long should i wait before applying for a CFU or CFF? 30 days? 3 months?

Thank you for any feedback you may have!

Well last year I got the CFF (9700 SL) in Feb and the CSP (16600 SL) in April. The 80K sub for CSP during April last year made me move faster than I had planned to. I did already have a card with Chase that was opened in 2005. I think at least wait 30 days. Oh, and more importantly, Congrats on the CSP approval!!

Re: Chase Trifecta - Looking for guidance

SweetCreditObsession — Sat, 04 Mar 2023 05:08:47 GMT

@jibc1978 congratulations on getting approved with a great SL too! 🎊

Re: Chase Trifecta - Looking for guidance

SouthJamaica — Sat, 04 Mar 2023 05:47:30 GMT

@jibc1978 wrote:
Hi!

I've have recently stumbled upon the concept of the Chase CC trifecta, i am not very versed on credit cards but looking at the various ways that the CFU and CFF work to feed into CSP (or CSR for that matter) in order to maximize value (and i hope i'm getting that right) i was looking to apply to one of them to get the ball rolling. My interests are to gather/use the reward points mainly for travel.

I have no financial history with Chase, not sure if that is going to make things more difficult, but i was wondering if i could get some guidance on which would be a good CC to start with? if approved, how long should i wait until applying for a second one? Are there better options?
Any other pointers will be truly appreciated!

Some info about myself:
FICO Score 8:
- EQ: 818
- TU: 814
- EX: 812
No late payments
1% Utilization
~10 years
1 Recent Inquiry (Personal Loan)

Not sure if this is sufficient information, do let me know if there is anything else you would want me to add.

Thank you for any guidance provided!

The best card to start out with would be one of the Freedom cards.

Re: Chase Trifecta - Looking for guidance

SouthJamaica — Sat, 04 Mar 2023 05:49:25 GMT

@jibc1978 wrote:
Hi!

Just got approved for CSP with a $13,800 CL!

how long should i wait before applying for a CFU or CFF? 30 days? 3 months?

Thank you for any feedback you may have!

Congratulations. I would say 3 months, but I'm not one of the Chase aficionados.

Re: Chase Trifecta - Looking for guidance

jojo79 — Sat, 04 Mar 2023 17:05:14 GMT

@jibc1978 wrote:
Hi!

Just got approved for CSP with a $13,800 CL!

how long should i wait before applying for a CFU or CFF? 30 days? 3 months?

Thank you for any feedback you may have!

Congrats on the CSP approval!
When I got into the Chase family; I applied and was approved for both CSP and CFU on the same day, but this was years ago (2014). I think I was so nervous as I was just getting my credit back on track, I think I had two windows open with both apps lol

Re: Chase Trifecta - Looking for guidance

coldfusion — Sat, 04 Mar 2023 19:59:34 GMT

@jibc1978 wrote:
Hi!

Just got approved for CSP with a $13,800 CL!

how long should i wait before applying for a CFU or CFF? 30 days? 3 months?

Thank you for any feedback you may have!

Since you were approved yesterday technically you can apply today with at least some chance of approval. You might want to wait 3 months.

Re: Chase Trifecta - Looking for guidance

jibc1978 — Mon, 06 Mar 2023 03:21:05 GMT

thank you all for the replies!

what should the course of action be? i have my eyes set on CFU (concensus would be to apply in 3 months, wondering if i could get approved in a month hehe) and then CFF further down the road.

Is completing the trifecta the best play here? aim is to maximize points to use for travel.

CSP puts me at 1/24 so i have room to grow, as always any ideas would be greatly appreciated!

Re: Chase Trifecta - Looking for guidance

Beefy1212 — Mon, 06 Mar 2023 12:24:44 GMT

@jibc1978 wrote:
thank you all for the replies!

what should the course of action be? i have my eyes set on CFU (concensus would be to apply in 3 months, wondering if i could get approved in a month hehe) and then CFF further down the road.

Is completing the trifecta the best play here? aim is to maximize points to use for travel.

CSP puts me at 1/24 so i have room to grow, as always any ideas would be greatly appreciated!

If it were me I would go for the freedom flex next, cfu gives you 3x dinning and drug stores 1.5 base earning csp already gives 3x dinning and so does the freedom which also gives 3x drugstores, what freedom gives is 5x rotators this quarter is grocery and so is the sub making a 9x return(base + 4% + sub). since you want to wait 30 days (I personally wouldn't) I would bank on next quarters 5x bonus giving you more points than the .5x difference on the base rate. The CFU to me is least important card for the trifecta.

As I mentioned above I would at least try for the Freedom now and try to max as many points as you can from grocery now. Historically Amazon, gas, and paypal, restaurants are also quarterly bonuses. If you were to spend 500 at grocery stores this month even if you had to buy a few giftcards to do it you would get 49% equivalent cashback and 61.25% when redeemed for travel. How much non category spending at 1.5x vs 1x would you have to make to catch up to that? The Freedom is just a superior card.

The only reason I would wait on a freedom card with your profile is if you were worried about not making the 3k sub requirement.

Re: Chase Trifecta - Looking for guidance

jibc1978 — Mon, 06 Mar 2023 18:41:30 GMT

@Beefy1212 thanks for the feedback! everything you commented makes sense, as an aside, the reason to wait the 90+ days is that i read that Chase doesnt like velocity and i'm trying not to get the second CC app shutdown eventully because of this. am i being too careful?

Re: Chase Trifecta - Looking for guidance

Beefy1212 — Mon, 06 Mar 2023 20:58:32 GMT

@jibc1978 wrote:
@Beefy1212 thanks for the feedback! everything you commented makes sense, as an aside, the reason to wait the 90+ days is that i read that Chase doesnt like velocity and i'm trying not to get the second CC app shutdown eventully because of this. am i being too careful?

I would say based on the credit profile info you shared and the sl they gave you on the CSP and others commenting 2 cards but not 3 within 30 days is okay I personally would risk it. Even if they say no and recon also says no 2 inquiries vs 1 90 days from now on a 1/24 profile won't matter much if at all. I am a risk taker I would roll the dice, but it is not my app and not my profile. You need to decide your own level of risk. But for me stacking 40% cb with 9% cb is worth shooting your shot.

Carpe Diem "seize the day"

Re: Chase Trifecta - Looking for guidance

jibc1978 — Tue, 07 Mar 2023 20:04:48 GMT

So it wasn't as straight forward as with the CSP (had to make a couple of phone calls to clear some stuff out) but got approved for a CFF with a $8,800 SL

thank you all for the guidance! now i go tend the fields for a while

Re: Chase Trifecta - Looking for guidance

Kh-Phil — Tue, 07 Mar 2023 22:07:57 GMT

Congrats on your approval! I am going to lock this thread now, but you can continue the discussion in the Approvals board if you wish.