topic Re: CSP in Credit Cards

CSP

Anonymous — Fri, 29 Jan 2016 03:36:49 GMT

I have had a CSP previously and looking into getting it again to go along with Freedom card. Freedom card has $30.3k limit and I also UMEP card with $5k limit. Will I have any chance at getting a decent limit with a CSP and will I be able to qualify for any sign up offers?

I had the CSP from May 2012 to June 2014.

Thanks in advance.

Re: CSP

myjourney — Fri, 29 Jan 2016 03:41:35 GMT

Yes you can get the bonus again (24 month rule)

Per Chase

50K

Bonus points

Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.*
Earn 5,000 bonus points after you add the first authorized user and make your first purchase in the first 3 months from account opening.*
This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.

Re: CSP

Anonymous — Fri, 29 Jan 2016 03:41:39 GMT

@Anonymous wrote:
I have had a CSP previously and looking into getting it again to go along with Freedom card. Freedom card has $30.3k limit and I also UMEP card with $5k limit. Will I have any chance at getting a decent limit with a CSP and will I be able to qualify for any sign up offers?

I had the CSP from May 2012 to June 2014.

Thanks in advance.

No way of telling what kind of limit you would get. Income, credit scores, and more all play a role.

You would be eligible for the CSP bonus as long as the last one you received was longer than 24 months ago and because you opened the card in 2012, I'd assume that it was.

Re: CSP

Anonymous — Fri, 29 Jan 2016 03:49:31 GMT

Thank you both!

Does Chase have any sort of cap on total CL one can have?

Re: CSP

myjourney — Fri, 29 Jan 2016 03:54:35 GMT

@Anonymous wrote:
Thank you both!

Does Chase have any sort of cap on total CL one can have?

Based on to many factors income history etc etc but no

Re: CSP

Anonymous — Fri, 29 Jan 2016 04:28:52 GMT

@myjourney wrote:
@Anonymous wrote:
Thank you both!

Does Chase have any sort of cap on total CL one can have?
Based on to many factors income history etc etc but no

Understandable. Thanks.

I will end up applying and see what comes.

Re: CSP

myjourney — Fri, 29 Jan 2016 04:39:07 GMT

@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
Thank you both!

Does Chase have any sort of cap on total CL one can have?
Based on to many factors income history etc etc but no
Understandable. Thanks.

I will end up applying and see what comes.

Something to note ...even if they gave you 10k if you want more transfer some from Freedom

A 30k doesn't do much good just to max out the 5% cats

@Anonymous in essence you could move 25k and still have more than enough for freedom cats each quarter @5k

Re: CSP

Anonymous — Fri, 29 Jan 2016 04:42:42 GMT

@myjourney wrote:
@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
Thank you both!

Does Chase have any sort of cap on total CL one can have?
Based on to many factors income history etc etc but no
Understandable. Thanks.

I will end up applying and see what comes.
Something to note ...even if they gave you 10k if you want more transfer some from Freedom
A 30k doesn't do much good just to max out the 5% cats
@Anonymous in essence you could move 25k and still have more than enough for freedom cats each quarter @5k

I agree. To be honest, I have been using AMEX Platinum for almost every single purchase except for gas of course (currently 5% back). I would be completely fine to move some of the CL from Freedom depending on what they approve me at with CSP.

Re: CSP

myjourney — Fri, 29 Jan 2016 04:43:34 GMT

@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
Thank you both!

Does Chase have any sort of cap on total CL one can have?
Based on to many factors income history etc etc but no
Understandable. Thanks.

I will end up applying and see what comes.
Something to note ...even if they gave you 10k if you want more transfer some from Freedom
A 30k doesn't do much good just to max out the 5% cats
@Anonymous in essence you could move 25k and still have more than enough for freedom cats each quarter @5k
I agree. To be honest, I have been using AMEX Platinum for almost every single purchase except for gas of course (currently 5% back). I would be completely fine to move some of the CL from Freedom depending on what they approve me at with CSP.

Good luck I'll be pulling for you

Re: CSP

Anonymous — Fri, 29 Jan 2016 05:15:25 GMT

myjourney wrote:

robesc1 wrote:

myjourney wrote:

robesc1 wrote:

myjourney wrote:

robesc1 wrote:

Thank you both!

Does Chase have any sort of cap on total CL one can have?

Based on to many factors income history etc etc but no

Understandable. Thanks.

I will end up applying and see what comes.

Something to note ...even if they gave you 10k if you want more transfer some from Freedom

A 30k doesn't do much good just to max out the 5% cats

So in essence you could move 25k and still have more than enough for freedom cats each quarter @5k

Good luck I'll be pulling for you

Got the 7-10d message...."we need a little bit more time to review your application...." blah blah blah....

Re: CSP

myjourney — Fri, 29 Jan 2016 05:19:05 GMT

@Anonymous wrote:

@myjourney wrote:
@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
Thank you both!

Does Chase have any sort of cap on total CL one can have?
Based on to many factors income history etc etc but no
Understandable. Thanks.

I will end up applying and see what comes.
Something to note ...even if they gave you 10k if you want more transfer some from Freedom
A 30k doesn't do much good just to max out the 5% cats
@Anonymous in essence you could move 25k and still have more than enough for freedom cats each quarter @5k
I agree. To be honest, I have been using AMEX Platinum for almost every single purchase except for gas of course (currently 5% back). I would be completely fine to move some of the CL from Freedom depending on what they approve me at with CSP.
Good luck I'll be pulling for you

Got the 7-10d message...."we need a little bit more time to review your application...." blah blah blah....

wait it out

Re: CSP

red259 — Fri, 29 Jan 2016 05:20:38 GMT

@myjourney wrote:
@Anonymous wrote:

@myjourney wrote:
@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
@myjourney wrote:
@Anonymous wrote:
Thank you both!

Does Chase have any sort of cap on total CL one can have?
Based on to many factors income history etc etc but no
Understandable. Thanks.

I will end up applying and see what comes.
Something to note ...even if they gave you 10k if you want more transfer some from Freedom
A 30k doesn't do much good just to max out the 5% cats
@Anonymous in essence you could move 25k and still have more than enough for freedom cats each quarter @5k
I agree. To be honest, I have been using AMEX Platinum for almost every single purchase except for gas of course (currently 5% back). I would be completely fine to move some of the CL from Freedom depending on what they approve me at with CSP.
Good luck I'll be pulling for you

Got the 7-10d message...."we need a little bit more time to review your application...." blah blah blah....

wait it out

Man, its soo stressful watching that little wheel spin.

Re: CSP

Anonymous — Fri, 29 Jan 2016 13:04:07 GMT

Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions? I called 888/609-7805.

I've opened over the past 2 years:

AMEX platinum

AMEX Costco

Citi simplicity

Bestbuy MasterCard

Just had to get AMEX green card I believe from my employer

I bought a truck in November

Credit score 740-750, definitely a few inquiries nothing insane though

I have a mortgage that would also show from within last 2 years, divorced but my name hasn't come off of it yet.

Re: CSP

Anonymous — Fri, 29 Jan 2016 16:41:24 GMT

@Anonymous wrote:
Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions? I called 888/609-7805.

I've opened over the past 2 years:
AMEX platinum
AMEX Costco
Citi simplicity
Bestbuy MasterCard
Just had to get AMEX green card I believe from my employer
I bought a truck in November
Credit score 740-750, definitely a few inquiries nothing insane though
I have a mortgage that would also show from within last 2 years, divorced but my name hasn't come off of it yet.

Yet another victim of 5/24. If only that sticky request post was actually listened to.

Re: CSP

Anonymous — Fri, 29 Jan 2016 16:41:45 GMT

@Anonymous wrote:
@Anonymous wrote:
Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions? I called 888/609-7805.

I've opened over the past 2 years:
AMEX platinum
AMEX Costco
Citi simplicity
Bestbuy MasterCard
Just had to get AMEX green card I believe from my employer
I bought a truck in November
Credit score 740-750, definitely a few inquiries nothing insane though
I have a mortgage that would also show from within last 2 years, divorced but my name hasn't come off of it yet.
Yet another victim of 5/24. If only that sticky request post was actually listened to.

Sorry, evidently I missed this.....I'll look for whatever post you are referring to.

Re: CSP

Anonymous — Fri, 29 Jan 2016 16:42:07 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions? I called 888/609-7805.

I've opened over the past 2 years:
AMEX platinum
AMEX Costco
Citi simplicity
Bestbuy MasterCard
Just had to get AMEX green card I believe from my employer
I bought a truck in November
Credit score 740-750, definitely a few inquiries nothing insane though
I have a mortgage that would also show from within last 2 years, divorced but my name hasn't come off of it yet.
Yet another victim of 5/24. If only that sticky request post was actually listened to.
Sorry, evidently I missed this.....I'll look for whatever post you are referring to.

No reason to be sorry. Almost two months ago, I asked for a sticky post because there were several people a week doing exactly this. Applying for a card they had zero chance of getting due to the 5/24 rule. It fell on deaf ears.

Here's the link from 2 months ago: http://ficoforums.myfico.com/t5/Credit-Card-Applications/PSA-Thinking-about-apping-for-new-Chase-CSP-and-Freedom-Bonuses/m-p/4355491

Re: CSP

Anonymous — Fri, 29 Jan 2016 16:42:29 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions? I called 888/609-7805.

I've opened over the past 2 years:
AMEX platinum
AMEX Costco
Citi simplicity
Bestbuy MasterCard
Just had to get AMEX green card I believe from my employer
I bought a truck in November
Credit score 740-750, definitely a few inquiries nothing insane though
I have a mortgage that would also show from within last 2 years, divorced but my name hasn't come off of it yet.
Yet another victim of 5/24. If only that sticky request post was actually listened to.
Sorry, evidently I missed this.....I'll look for whatever post you are referring to.
No reason to be sorry. Almost two months ago, I asked for a sticky post because there were several people a week doing exactly this. Applying for a card they had zero chance of getting due to the 5/24 rule. It fell on deaf ears.

Just read it. I don't think that I have more than 5 cards that have been opened within that timeframe. Unless the Green Card is already reporting as opened....

Re: CSP

Anonymous — Fri, 29 Jan 2016 16:43:01 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions? I called 888/609-7805.

I've opened over the past 2 years:
AMEX platinum
AMEX Costco
Citi simplicity
Bestbuy MasterCard
Just had to get AMEX green card I believe from my employer
I bought a truck in November
Credit score 740-750, definitely a few inquiries nothing insane though
I have a mortgage that would also show from within last 2 years, divorced but my name hasn't come off of it yet.
Yet another victim of 5/24. If only that sticky request post was actually listened to.
Sorry, evidently I missed this.....I'll look for whatever post you are referring to.
No reason to be sorry. Almost two months ago, I asked for a sticky post because there were several people a week doing exactly this. Applying for a card they had zero chance of getting due to the 5/24 rule. It fell on deaf ears.
Just read it. I don't think that I have more than 5 cards that have been opened within that timeframe. Unless the Green Card is already reporting as opened....

When was the last time you checked Credit Karma? If you pull it now, you'll know your whole story.

Re: CSP

takeshi74 — Fri, 29 Jan 2016 13:34:57 GMT

@Anonymous wrote:
Freedom card has $30.3k limit and I also UMEP card with $5k limit. Will I have any chance at getting a decent limit with a CSP

No way for us to know. It's not just a matter of your existing limits. You entire credit profile and income will determine the limits that you qualify for with any creditor.

@Anonymous wrote:
Does Chase have any sort of cap on total CL one can have?

Your credit profile and income will determine your internal limit. Every creditor is only going to be willing to extend a certain amount to a given credit profile. We don't know such specifics for any creditor. We can try to use aggregated anecdotal evidence but there are pitfalls in doing so.

@Anonymous wrote:
Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions?

As stated above, it's the 5/24 thing. You'll have to wait to apply until you're out of it. While there isn't a sticky it is a very common discussion topic so don't overlook existing threads as resources.

Re: CSP

Anonymous — Fri, 29 Jan 2016 16:43:34 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Denied due to "according to EQ, too many cards opened in last 2 years". Extremely shocked. Any suggestions? I called 888/609-7805.

I've opened over the past 2 years:
AMEX platinum
AMEX Costco
Citi simplicity
Bestbuy MasterCard
Just had to get AMEX green card I believe from my employer
I bought a truck in November
Credit score 740-750, definitely a few inquiries nothing insane though
I have a mortgage that would also show from within last 2 years, divorced but my name hasn't come off of it yet.
Yet another victim of 5/24. If only that sticky request post was actually listened to.
Sorry, evidently I missed this.....I'll look for whatever post you are referring to.
No reason to be sorry. Almost two months ago, I asked for a sticky post because there were several people a week doing exactly this. Applying for a card they had zero chance of getting due to the 5/24 rule. It fell on deaf ears.
Just read it. I don't think that I have more than 5 cards that have been opened within that timeframe. Unless the Green Card is already reporting as opened....
When was the last time you checked Credit Karma? If you pull it now, you'll know your whole story.

Could you elaborate on what you mean? I just signed in but can't locate an area that says specifically "recently opened accounts"....