topic Re: CSP approval with 611 EQ score!? in Credit Cards

CSP approval with 611 EQ score!?

Anonymous — Fri, 11 Mar 2016 04:19:06 GMT

Hi, everyone.

So I applied for the Chase Sapphire Preferred and was given the 7-10 day message via the phone status line. I waited a few days and decided to call the backdoor number to check on the status of the app, the representative told me that the app was denied due to too many recent inquiries. I asked her to reconsider and after putting me on hold for about 2 mins she came back on the line and said that she found enough positives on my credit report to push the recon through but that she'd have to pass me to another representative to confirm some info with me before they could approve it. Anyway, I was ultimately approved for $5k starting line.

Yesterday I received the denial letter that they sent prior to the recon approval and it states that my credit score they pulled through Equifax is 611! But according to myfico my scores are 690 across the board. Does anyone know why or how they got 611? It just seems so far off.

Re: CSP approval with 611 EQ score!?

Creditplz — Fri, 11 Mar 2016 04:21:35 GMT

I've always read that they score you based on their Internal Scoring methods, can't tell you this is true or not, but just some food for thought.

Re: CSP approval with 611 EQ score!?

Anonymous — Fri, 11 Mar 2016 04:34:33 GMT

@Creditplz wrote:
I've always read that they score you based on their Internal Scoring methods, can't tell you this is true or not, but just some food for thought.

Ok, that could be it. My Freedom is at 40% utilization so that would make sense.

Re: CSP approval with 611 EQ score!?

myjourney — Sat, 12 Mar 2016 23:28:19 GMT

@Creditplz wrote:
I've always read that they score you based on their Internal Scoring methods, can't tell you this is true or not, but just some food for thought.

Correct bravo

Although Chase pulls a Fico score that score is feed into their own algorithm to come up with an internal score

I don't know of any lender that just relies on scores along but a healthy profile will prevail every time

Congrats OP on a successful recon

Re: CSP approval with 611 EQ score!?

Anonymous — Sat, 12 Mar 2016 23:30:41 GMT

They call it a CARS score, but even at that getting approved with a 611 is amazing!

Re: CSP approval with 611 EQ score!?

Anonymous — Sat, 12 Mar 2016 23:37:47 GMT

This gives me hope that I'll be able to get in with a Freedom + Unlimited in a couple of months. Their prequals still come up with nothing

Re: CSP approval with 611 EQ score!?

Anonymous — Sun, 13 Mar 2016 08:27:37 GMT

@myjourney wrote:
@Creditplz wrote:
I've always read that they score you based on their Internal Scoring methods, can't tell you this is true or not, but just some food for thought.
@Creditplz wrote:
I've always read that they score you based on their Internal Scoring methods, can't tell you this is true or not, but just some food for thought.
Correct bravo

Although Chase pulls a Fico score that score is feed into their own algorithm to come up with an internal score
I don't know of any lender that just relies on scores along but a healthy profile will prevail every time

Congrats OP on a successful recon

Thank you!

Re: CSP approval with 611 EQ score!?

Anonymous — Sun, 13 Mar 2016 08:31:48 GMT

@Anonymous wrote:
They call it a CARS score, but even at that getting approved with a 611 is amazing!

Righ?! And when I logged in to my account I noticed that they also gave me an automatic credit line increase on my Freedom card so that was a nice surprise.

Re: CSP approval with 611 EQ score!?

Loquat — Sun, 13 Mar 2016 08:56:36 GMT

@Anonymous wrote:

Righ?! And when I logged in to my account I noticed that they also gave me an automatic credit line increase on my Freedom card so that was a nice surprise.

Score and score! Congrats on the approval and the CLI!

Re: CSP approval with 611 EQ score!?

Anonymous — Sun, 13 Mar 2016 18:03:00 GMT

congrats!! you're making me overly antsy to apply but I need to wait a few more months

Re: CSP approval with 611 EQ score!?

TURNERHOOVER — Sun, 13 Mar 2016 19:00:34 GMT

@Anonymous wrote:
This gives me hope that I'll be able to get in with a Freedom + Unlimited in a couple of months. Their prequals still come up with nothing

I have Freedom and Ritz. Never recieved a prequal online ever (Mailer for freedom). If you believe your profile supports a chase product then why not go for it,

Re: CSP approval with 611 EQ score!?

Anonymous — Sun, 13 Mar 2016 19:06:24 GMT

@TURNERHOOVER wrote:
@Anonymous wrote:
This gives me hope that I'll be able to get in with a Freedom + Unlimited in a couple of months. Their prequals still come up with nothing
I have Freedom and Ritz. Never recieved a prequal online ever (Mailer for freedom). If you believe your profile supports a chase product then why not go for it,

Had a PIF charge off with them in 2008. Only $450, but I'm afraid they'll still hold it against me. Waiting a couple of months to CLI my new QS and have it report before giving Chase a shot. 1 inquiry on all three bureaus and only three cards total (1 within the last 24 months).

Checking/Savings with them for 3 years now, too. Still on their blacklist, though. Asked a relationship banker if there were any offers last month and she came back with nothing.

Re: CSP approval with 611 EQ score!?

iyanlafixmycredit — Thu, 21 Apr 2016 21:26:42 GMT

Thats awesome you got approved for the CSP. question how many days did you wait before calling the backdoor number? I just applied for CSP and got the we need to review your application further message as well.

Re: CSP approval with 611 EQ score!?

Anonymous — Thu, 21 Apr 2016 22:11:06 GMT

WooHoo..Another CSP!

I've gotten through to about $1400 on mine so far. I over utilized my Freedom to about $700 and my United at about $1200.00 so far. Paying it all off tomorrow - PAY DAY!

I wanna hit my bonus before 90 days, so I can put some of these cards on vacay. Chase has been keeping me busy and I'm CC'd out! NO MORE!

Re: CSP approval with 611 EQ score!?

degs138 — Thu, 21 Apr 2016 22:15:27 GMT

You got in with high utilization, consider yourself lucky.

Re: CSP approval with 611 EQ score!?

Anonymous — Fri, 22 Apr 2016 07:35:11 GMT

I'm jealous, that's my goal card. I'm 650-700+ but was declined due to the 5/24 rule. Sad face.