topic Re: Chase Sapphire preferred in Credit Cards

Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 20:34:10 GMT

Any chance I would qualify right now for the chas sapphire preferred?

The scores in my signature are thr last ones I can see on my report. I am at 9 INQ equifax and 5 Transunion, nothing bad reported ever and about 43% util. I know my util is really high but I wanted to get the Hilton amex card but I'm at 4/24 ubless they count my car loan and then 5/24 and wanted to apply for this before I do the Hilton amex.

ETA: I will add that my longest account is 17years and my AAoA is 7years 7 months. if that helps. (i posted further down but wanted to add it here)

Re: Chase Sapphire preferred

myjourney — Tue, 21 Jun 2016 19:36:41 GMT

@Anonymous wrote:
Any chance I would qualify right now for the chas sapphire preferred?

The scores in my signature are thr last ones I can see on my report. I am at 9 INQ equifax and 5 Transunion, nothing bad reported ever and about 43% util. I know my util is really high but I wanted to get the Hilton amex card but I'm at 4/24 ubless they count my car loan and then 5/24 and wanted to apply for this before I do the Hilton amex.

I'm lost pls explain

How are you under 5/24 with those numbers and EX isn't even listed?

UTL is also rather high

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 20:23:16 GMT

Car loan inqs, one is a business card that doesn't show up in my report so therefore i didnt include it int he 4/25 total, cap one i applied for end of last year business and got denied, they pulled twoand a CLI. My only concern is the High Util. I app for Chase IHG in November and Hyatt 3 months ago and got approved so was hopeful i could do a go on the CSP soon. 3 of my inq will drop of in Sept not sure if I should wait till then but wanted to take advantage of the Amex high offer for Hilton, not sure if it will be available then.

Re: Chase Sapphire preferred

driftless — Tue, 21 Jun 2016 20:30:52 GMT

Did you check Chase's pre-qualified page?

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 20:32:51 GMT

I do all the time and nothing ever comes up, not even when I applied for the Hyatt and IHG.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 20:33:28 GMT

I will add that my longest account is 17years and my AAoA is 7years 7 months. if that helps.

Re: Chase Sapphire preferred

driftless — Tue, 21 Jun 2016 20:41:39 GMT

This may help:

Average Approved Score for Chase Sapphire Preferred ‡ 742

Typical Low‡: 665

Typical High‡: 807

source: CK

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 20:41:43 GMT

@driftless wrote:
This may help: Average Approved Score for Chase Sapphire Preferred ‡ 742 Typical Low‡: 665 Typical High‡: 807 source: CK

Thanks. I mean I feel I have a chance but just wanted to ask others that knew Chase a little better.

Re: Chase Sapphire preferred

driftless — Tue, 21 Jun 2016 21:02:31 GMT

Miado, I tend to read the Chase and Cap One threads because those are the two cc issuers that I use. Short of someone who works at Chase in lending posting I am not sure that you are going to get a clear answer as to whether you will be approved. Of course, if you can get your utlization down you will have higher scores and be in a better position.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:02:45 GMT

I think it is definitely possible for you to get the card, but I would recommend waiting until you get your util lower and scores a bit higher. I jumped the gun on my app and ended up getting the minimum limit which is lame for travel. One trip had me at 80% utilization. Had I waited one more measly month I think it would have been a different story. I ended up taking a HP to get a CLI.

Re: Chase Sapphire preferred

myjourney — Tue, 21 Jun 2016 22:06:38 GMT

Lower UTL

Wait for the HP's to fall off in Sept. and give it a shot

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:09:32 GMT

OK thanks. Definitely the drop offs might help but I should have Util a lot lower by January, so perhaps it might be best to wait till then. I just think if I wait I might have aped for another card by then and ruin it at 5/24 but perhaps I should put CSP on the back burner for abit and wait a couple more months to apply for anything.

Re: Chase Sapphire preferred

driftless — Tue, 21 Jun 2016 22:18:49 GMT

I think that it is a good idea to wait. Chase has a reputation of being stingy with CLI's so starting out with a good SL is important. FWIW - I was looking at a chart showing CSP SL vs. FICO scores and 750 seems to be the dividing line between SL's above and below 10K.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:17:04 GMT

@driftless wrote:
I think that it is a good idea to wait. Chase has a reputation of being stingy with CLI's so starting out with a good SL is important. FWIW - I was looking at a chart one SL vs. FICO scores and 750 seems to be the dividing line between SL's above and below 10K.

I have a little work to do but i am positive that by end of year my scores will be that high, the only think holding me back is my Util, nothing else is bad. You are right I would like to get a higher line. My only high line is Citi and my Amex used to be the same but when the economy busted they cut my line in half (don't know why, no lates, no nothing and it wasn't maxed out) so it would be noce to try to get a higher line with the CSP.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:18:03 GMT

I wouldn't even think about a CSP app until you have 10% or lower util reporting, and keep EX and TU scores north of 710. Really higher than that would be better.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:21:18 GMT

@Anonymous wrote:
I wouldn't even think about a CSP app until you have 10% or lower util reporting, and keep EX and TU scores north of 710. Really higher than that would be better.

In that case (10%) i have to keep CSP on the back burner for more than a year!! LOL

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:33:19 GMT

@Anonymous wrote:
@Anonymous wrote:
I wouldn't even think about a CSP app until you have 10% or lower util reporting, and keep EX and TU scores north of 710. Really higher than that would be better.
In that case (10%) i have to keep CSP on the back burner for more than a year!! LOL

Trust me i feel your pain... The only cards really left on my "wish list" are 2 with Chase (normal Freedom and Ink Plus) which I won't be 5/24 eligible until May 2018, and an AMEX PRG.

As the saying goes though, the credit game is not a sprint; it is a marathon.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:38:00 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I wouldn't even think about a CSP app until you have 10% or lower util reporting, and keep EX and TU scores north of 710. Really higher than that would be better.
In that case (10%) i have to keep CSP on the back burner for more than a year!! LOL
Trust me i feel your pain... The only cards really left on my "wish list" are 2 with Chase (normal Freedom and Ink Plus) which I won't be 5/24 eligible until May 2018, and an AMEX PRG.

As the saying goes though, the credit game is not a sprint; it is a marathon.

Does the Ink Plus count 5/24 then? I know ive read it but can't remember.

Right now I have decided that I want both hilton cards (citi and amex version) and heck, ill take both citi versions but that is my highest limit card so right now i cant but was thinking og going and applying with Amex (i should get that) and while I was doing Amex I figured i'd throw in the delta card to try to get both cards with one pull.

Reason I want hilton: I just got diamond status match so was hoping to utilize that next year on a trip or two. Other than that have really no reason to get the cards and delta i figured why not if Im taking a HP might as wel try for double and can almost get me a free r/t ticket to Europe depending on what card I app for. (and if I get it)

I think I just want the CSP for the hype, I have determined that I MUST HAVE ONE (although in reality other than transferring to Hyatt I am not sure why lol) so perhaps I should wait this one out a bit longer LOL maybe Ill do an Ironman instead of a marathon.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:42:27 GMT

yeah sadly Chase included their business cards and most of their co-branded cards in the 5/24 rejection rule as of last month.

I got my Ink Plus app in a few days ahead of time, but they retroactively denied me for that reason only because my application had not finished being processed in time.

Sounds like you are going to go pretty crazy on the Hilton HH points! TBH you'll have an easier time getting both of those than CSP from my experience.

Re: Chase Sapphire preferred

Anonymous — Tue, 21 Jun 2016 22:46:08 GMT

OP if you have a banking relationship with Chase, it really helps too - I have my checking and savings with them, and I think this really helped me get the CSP.

In general though, lots of great points made in this thread. Get your utilization down, and I think you'll have a great chance at the CSP.