topic Re: CSP application in Credit Card Applications

CSP application

madmann26 — Thu, 16 Apr 2015 15:26:20 GMT

I applied and called in and they are requesting proof of identification.

Is this good or bad?

Thanks,

Re: CSP application

CraigHwk — Thu, 16 Apr 2015 15:41:02 GMT

Probably neither at this moment. I app'd on Saturday and got the same result. Verification department wanted me to FAX in my ID. Did that on Monday and I am still waiting for a result. With my scores and recent accounts, I don't expect to get the card at all, so I don't believe going through ID verificaiton is some indication that you're in the clear. Although people are known to get approved as soon as Chase gets your ID into the system.

Re: CSP application

CreditCuriosity — Thu, 16 Apr 2015 15:48:51 GMT

It is good.. If you provide it and they get it and can read it then it is an approval.. Sometimes it takes longer for some then others.. I have had to go through verification on both of my approvals, but mine were just questions.. Some people they request DL/SS card etc.. You should be good to go. Provide it ASAP then patience is key if it is a physical fax to them, if it is just questions they will approve you right there.

Re: CSP application

ojefferyo — Thu, 16 Apr 2015 18:06:33 GMT

It could swing either way really, no way of telling.

Re: CSP application

Anonymous — Thu, 16 Apr 2015 18:09:21 GMT

@ojefferyo wrote:
It could swing either way really, no way of telling.

I agree.. Lately, verification does not equal approval.. It can go either way.

Re: CSP application

CreditCuriosity — Thu, 16 Apr 2015 22:27:09 GMT

Pre-quals are deffinetly acting werd I agreea and to some extent verification.. Things are changing a bit at chase it appears and their pockets are getting tighter from what I am seeing.

Re: CSP application

EdMan63 — Thu, 16 Apr 2015 22:29:44 GMT

Hopefully it's a good sign. Best of luck either way!!

Re: CSP application

Anonymous — Thu, 16 Apr 2015 22:46:22 GMT

I was in a similar situation.

Applied yesterday (Chase and Amex). Chase did not have instant approval, so I called in and they stated that they needed to verify my identity. I faxed in ID and a bill showing my name and address.

Called in again today to check on status, the recon rep told me the application was initially approved but then declined since they needed verification. Now it's just a waiting game until they get the verification done.

Re: CSP application

SecretAzure — Thu, 16 Apr 2015 23:32:58 GMT

@CreditCuriousity wrote:
Pre-quals are deffinetly acting werd I agreea and to some extent verification.. Things are changing a bit at chase it appears and their pockets are getting tighter from what I am seeing.

Agreed. How many of these have we seen in the past week? 4-5? And this is only a small percentage of the total population so it's pretty indicative of some changes.

Re: CSP application

CraigHwk — Fri, 17 Apr 2015 00:17:16 GMT

I don't understand why they need my ID after having a Freedom with them. Just seems odd. The suspense is terrible.

Re: CSP application

Anonymous — Fri, 17 Apr 2015 00:53:20 GMT

@CraigHwk wrote:
I don't understand why they need my ID after having a Freedom with them. Just seems odd. The suspense is terrible.

They've been weird like that lately. DW had a Freedom and applied for the CSP the other day. Required verification. When she called the rep asked her to verify her phone number ending in **** but deliberately alters the last digit. Weird, considering I used the autofill feature on my browser for the application. Anyway, DW verifies and points out the error and "Approved!". Just weird.

Re: CSP application

CraigHwk — Fri, 17 Apr 2015 23:28:16 GMT

So I called in today and they received my ID, but the FAX came through as a black box. Was sort of bummed that I'd have to start all over again, but they said I could go into a local branch and give them my ID there. So, I hopped in my car and went. Worked with the branch manager who was able to give them my information and he said I'd probably get a decision right then and there. I was still fairly sure I was going to be denied due to my scores and recent open accounts, but after a few questions, they approved me for 5k. So happy. Now I am in the garden indefinitely.

Any luck with your app, Madmann?

Re: CSP application

Anonymous — Sat, 18 Apr 2015 13:54:37 GMT

@CraigHwk wrote:
So I called in today and they received my ID, but the FAX came through as a black box. Was sort of bummed that I'd have to start all over again, but they said I could go into a local branch and give them my ID there. So, I hopped in my car and went. Worked with the branch manager who was able to give them my information and he said I'd probably get a decision right then and there. I was still fairly sure I was going to be denied due to my scores and recent open accounts, but after a few questions, they approved me for 5k. So happy. Now I am in the garden indefinitely.

Any luck with your app, Madmann?

congrats.

Re: CSP application

joedtx — Sat, 18 Apr 2015 18:04:36 GMT

@CreditCuriousity wrote:
It is good.. If you provide it and they get it and can read it then it is an approval.. Sometimes it takes longer for some then others.. I have had to go through verification on both of my approvals, but mine were just questions.. Some people they request DL/SS card etc.. You should be good to go. Provide it ASAP then patience is key if it is a physical fax to them, if it is just questions they will approve you right there.

These usually are held because the information they pulled for the PreQual which is based on the soft pull from the CB, sometimes the file detail doesn't match the information submitted therefore the application is suspended pending verification. People move or change jobs even sometimes the reported info is not entirely correct and the applicants submitted info isn't an exact match, unfortunately it is a computer applying the instant approval it probably cannot distinguish slight variances, thats why some never seem to get instant approvals despite having a great CS and profile.