topic Re: CSP Approval odds? in Credit Card Applications

CSP Approval odds?

ACN323 — Wed, 14 Jun 2023 15:14:34 GMT

Do I have a good chance at a CSP approval, or should I wait?

-Currently at 4/24 with cards.

-Not sure if car loans count towards 5/24 but we did take out a $34k loan (Subaru Outback) at 3% apr last March, currently down to $28k.

-Newest approval being Synch Adorama card 2/19/23 for $2k. Currently $930 balance on the card. 12 month 0% apr that I'm taking advantage of currently on a camera.

-Scores hovering around 740-753 on all 3 bureaus. 4 inq on EX. 2 on EQ 1 on TU.

-5% usage across my cards, which has gone down as I paid 50% of a balance on one of my other cards. (Hasn't reported yet).

-Avg age of accts 2yrs 1 month.

-No baddies of last month.

I DID however burn Chase in 2008 for like $300. Stupid, I know. I was 18 and making dumb financial choices. Never paid them. Hasn't been on my reports for a long time. But I know Chase has a long memory.

Any thoughts/info appreciated!

Re: CSP Approval odds?

Adkins — Wed, 14 Jun 2023 16:42:57 GMT

The car loan doesn't count towards 5/24. The only thing that's not in your favor is burning Chase back in 2008, since the bank does have a long internal memory. Even though that baddie fell off your credit report, Chase will remember. You're just going to have to apply and see what happens.

Re: CSP Approval odds?

ACN323 — Wed, 14 Jun 2023 17:34:38 GMT

@Adkins pulled the trigger and bam! Instantly approved for $8.4k at 25.24% apr!

Re: CSP Approval odds?

Priory_Man — Wed, 14 Jun 2023 17:39:11 GMT

Congrats on the new card. A good addition to any wallet.

Re: CSP Approval odds?

Mones — Wed, 14 Jun 2023 19:38:13 GMT

Congrats on the approval! I have similar scores but I may need to get some more age before getting approved for Chase's Visa Signature cards

Re: CSP Approval odds?

ACN323 — Wed, 14 Jun 2023 20:02:49 GMT

Thanks @Priory_Man!
@Mones hey you never know! I was immediately expecting a denial. Thank you!

Re: CSP Approval odds?

markhs777 — Thu, 15 Jun 2023 02:03:39 GMT

Very Nice! Even Chase realizes the difference between being 18 and 33 is usually huge when it comes to financial responsibility.

Re: CSP Approval odds?

kh_jenn — Thu, 15 Jun 2023 21:32:40 GMT

Congrats on your approval! This thread is locked to new replies now, but please feel free to continue your discussion in Credit Card Approvals.