topic Re: Chase Sapphire Reserve Approval Odds? in Credit Cards

Chase Sapphire Reserve Approval Odds?

RKintaudi — Tue, 21 Feb 2017 17:39:48 GMT

Hey all,,

I've been looking into the Chase Sapphire Reserve Card as I do quite a bit of travel in the early parts of the year and take two one-week long vacations each year. Currently, I have the Chase Sapphire Preferred, but with the spending on travel and dining that I do, getting the reserve makes sense. My details are below

AAoA: 2.7 years

Credit Cards: Listed in signature

Total Credit Line: $48,900

Utilization: 16.6%

Income: $55,000+

Auto Loan: MACU $7,724

Student Loan: $11,000

FICO EX: 722 | FICO EQ 733 | FICO TU 738

Additional Info: I may apply for one other travel card and end my "spree" of 2 cards for the year

What are my odds on getting the Chase Sapphire Reserve given my details? For what it's worth, I'm at exactly 5/24 per the Chase policy, so I would have to prefer in branch. In fact I prefer to apply in branch to lock in that bonus 100K ultimate rewards points.

Thanks to everyone for reading.

S.K.

Re: Chase Sapphire Reserve Approval Odds?

degs138 — Tue, 21 Feb 2017 18:13:42 GMT

I would get my utilization down under 10% before I app'd. I usually try to be under 10% when I app for Chase cards. Especially if I don't have a pre-approval.

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Tue, 21 Feb 2017 22:36:28 GMT

@degs138 wrote:
I would get my utilization down under 10% before I app'd. I usually try to be under 10% when I app for Chase cards. Especially if I don't have a pre-approval.

^^^This totally. I take it a step further and report 0% whenever I app, I usually only have $100-200 report to keep the fico love going and it reports as 0%. that aside I think you will probably get the card so enjoy it

Re: Chase Sapphire Reserve Approval Odds?

RKintaudi — Tue, 21 Feb 2017 22:41:36 GMT

Dang,

I don't think I'll be able to get under 10% before the promotion ends. Now to determine if it's worth the risk of getting the HP for a card I may be declined for.

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Tue, 21 Feb 2017 22:44:51 GMT

@RKintaudi wrote:
Dang,

I don't think I'll be able to get under 10% before the promotion ends. Now to determine if it's worth the risk of getting the HP for a card I may be declined for.

you have over 2 weeks, what do you owe to who and is the csp 0? how much would bring you under 10%

Re: Chase Sapphire Reserve Approval Odds?

Anonymous — Tue, 21 Feb 2017 22:46:18 GMT

Go to branch for pre-approval.

I don't see why you wouldn't get it. To this day I personally get Chase approvals with certain limits reporting as high as 50%, With overall being below 3%.

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Tue, 21 Feb 2017 22:48:15 GMT

@Anonymous wrote:
Go to branch for pre-approval.

I don't see why you wouldn't get it. To this day I personally get Chase approvals with certain limits reporting as high as 50%, With overall being below 3%.

its my understanding that an approval will not show for the csr. heck he has csp, that is gold in itself.

Re: Chase Sapphire Reserve Approval Odds?

RKintaudi — Tue, 21 Feb 2017 23:03:44 GMT

@Nixon: I went into the branch last weekend. Didn't qualify for a pre-approval due to me opting out of screening (though I don't recall when I did). In any case, my total utilization is 16.6%

@bourgogne The balances on my CSP and Chase Freedom cards are $0. The amount that will get me to below 10% is about $3.2k (I definitely don't think it's worth paying that much on my balances.)

The only cards that carry balances are my credit union cards (5.9k for my Goldenwest card and 2.36k for my Mountain America card).

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Tue, 21 Feb 2017 23:15:28 GMT

@RKintaudi wrote:
@Anonymous: I went into the branch last weekend. Didn't qualify for a pre-approval due to me opting out of screening (though I don't recall when I did). In any case, my total utilization is 16.6%

@bourgogne The balances on my CSP and Chase Freedom cards are $0. The amount that will get me to below 10% is about $3.2k (I definitely don't think it's worth paying that much on my balances.)

The only cards that carry balances are my credit union cards (5.9k for my Goldenwest card and 2.36k for my Mountain America card).

you seem conservative which is fine. only you know if its worth paying down your cards or something is worth a hp. all I can say is you might want to research what 104K in ur's will bring you. I apped for a csp 2 weeks ago for half that # of ur's and it was totally worth it to me but then I am a pt hound lol. good luck

Re: Chase Sapphire Reserve Approval Odds?

noobody — Tue, 21 Feb 2017 23:28:40 GMT

Exact 5/24 means you most likely been declined.
Other profile looks fine, chase exposure looks ok also.

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Tue, 21 Feb 2017 23:44:05 GMT

@noobody wrote:
Exact 5/24 means you most likely been declined.
Other profile looks fine, chase exposure looks ok also.

@Anonymous, I have heard of nobody that has been declined @ the branch. true its sucks not to have a pre-approval but that in no way means a denial unless something new happened in the past week that I did not hear about. I have been telling everyone i know to get his thing

Re: Chase Sapphire Reserve Approval Odds?

RKintaudi — Tue, 21 Feb 2017 23:59:36 GMT

I know what you mean bourg, I'm just now getting into the travel rewards and Chase UR is by far the best rewards program I've come across so far. With the CSP and Freedom bonuses I was able to discount my Disneyworld vacation last year by quite a bit.

This time, I'm doing what I can to rack up at least 600,000 UR points for a trip to Paris. So getting the CSR card would definitely put some wind in those sails.

It would suck if I get declined in branch due to the 5/24 rule. If it comes down to it, I'll have to plead my case as to why that rule should be override (if that is the only thing to hold me back).

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Wed, 22 Feb 2017 00:07:07 GMT

@RKintaudi wrote:
I know what you mean bourg, I'm just now getting into the travel rewards and Chase UR is by far the best rewards program I've come across so far. With the CSP and Freedom bonuses I was able to discount my Disneyworld vacation last year by quite a bit.

This time, I'm doing what I can to rack up at least 600,000 UR points for a trip to Paris. So getting the CSR card would definitely put some wind in those sails.

It would suck if I get declined in branch due to the 5/24 rule. If it comes down to it, I'll have to plead my case as to why that rule should be override (if that is the only thing to hold me back).

OK, I'll bite - how on earth are you going to get together 600K points? totally serious. lol. I go to paris every year as I have a place on rue cler to stay and I still fly economy on the A380, flown all 3 classes and I just cannot justify blowing out all my miles on better booze and hot towels but I digress. it's a single hp, 2 worst case. sometimes you have to just pull the trigger and I think based on what I am reading this is one of those times. life is not a dress rehearsal

Re: Chase Sapphire Reserve Approval Odds?

red259 — Wed, 22 Feb 2017 00:33:32 GMT

@bourgogne wrote:
@noobody wrote:
Exact 5/24 means you most likely been declined.
Other profile looks fine, chase exposure looks ok also.
@Anonymous, I have heard of nobody that has been declined @ the branch. true its sucks not to have a pre-approval but that in no way means a denial unless something new happened in the past week that I did not hear about. I have been telling everyone i know to get his thing

Many people have been declined at the branch. 5/24 applies there as well. If OP is actually 5/24 than chance of approval are not that great to say the least. If some of those five cards are business cards, AUs or store cards then maybe it will be worth it.

Re: Chase Sapphire Reserve Approval Odds?

RKintaudi — Wed, 22 Feb 2017 00:38:14 GMT

My plan for 600,000 UR points? Spend and pray is my plan, haha.

In all seriousness, I'm hoping that I can get this CSR out of the way so I get 100,000 out of the 600,000 needed. I already have 100,000 stashed away, so that would make it 200,000. For the remaining 400,000 I'll have to get very creative with my spending.

At this rate I can rack up about 100K points per year just through my regular spending, so in two years, I'll be at 400,000. If anything I'll have to get my fiancee into the travel rewards game and get her on the CSR and Freedom Unlimited Cards to have any real shot at 600,000.

Since that vacation to Paris would most likely be our honeymoon, I'm assuming flying economy would not fly (pun intended) with my fiancee

Any tips on how to rack up more points would be greatly appreciated

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Wed, 22 Feb 2017 00:41:40 GMT

@red259 wrote:
@bourgogne wrote:
@noobody wrote:
Exact 5/24 means you most likely been declined.
Other profile looks fine, chase exposure looks ok also.
@Anonymous, I have heard of nobody that has been declined @ the branch. true its sucks not to have a pre-approval but that in no way means a denial unless something new happened in the past week that I did not hear about. I have been telling everyone i know to get his thing
Many people have been declined at the branch. 5/24 applies there as well. If OP is actually 5/24 than chance of approval are not that great to say the least. If some of those five cards are business cards, AUs or store cards then maybe it will be worth it.

'have been' covers a wide range. I would expand on what I said that if the profile supports it one can bypass 5/24 at the branch. I was over 5/24 for my csr as well as a csp and ink, instant on all 3. I know 6 people that have gotten the csr in the same manner after the pre-approval vaporized last month, nobody was declined, all instant but one

Re: Chase Sapphire Reserve Approval Odds?

RKintaudi — Wed, 22 Feb 2017 00:41:40 GMT

@red259 wrote:
@bourgogne wrote:
@noobody wrote:
Exact 5/24 means you most likely been declined.
Other profile looks fine, chase exposure looks ok also.
@Anonymous, I have heard of nobody that has been declined @ the branch. true its sucks not to have a pre-approval but that in no way means a denial unless something new happened in the past week that I did not hear about. I have been telling everyone i know to get his thing
Many people have been declined at the branch. 5/24 applies there as well. If OP is actually 5/24 than chance of approval are not that great to say the least. If some of those five cards are business cards, AUs or store cards then maybe it will be worth it.

They're all bank/credit union credit cards :/

Re: Chase Sapphire Reserve Approval Odds?

bourgogne — Wed, 22 Feb 2017 00:48:43 GMT

@RKintaudi wrote:
My plan for 600,000 UR points? Spend and pray is my plan, haha.

In all seriousness, I'm hoping that I can get this CSR out of the way so I get 100,000 out of the 600,000 needed. I already have 100,000 stashed away, so that would make it 200,000. For the remaining 400,000 I'll have to get very creative with my spending.

At this rate I can rack up about 100K points per year just through my regular spending, so in two years, I'll be at 400,000. If anything I'll have to get my fiancee into the travel rewards game and get her on the CSR and Freedom Unlimited Cards to have any real shot at 600,000.

Since that vacation to Paris would most likely be our honeymoon, I'm assuming flying economy would not fly (pun intended) with my fiancee

Any tips on how to rack up more points would be greatly appreciated

ha, I thought you had all the answers lol. well one way to get 55K in two years is to downgrade your csp to a no-af cs and app for another csp in 2 years. of course there will be someting else out by then so you might be able to app for both. you know all this theory about branch this or that is just that - theory. you, a banker, a hp and pressing the enter key will be the only true answer to the question. 2 movies to get you in the mood, both 180 apart. midnight in paris and elle which you can see in some theaters now. go get the card and report back already. PARIS!

Re: Chase Sapphire Reserve Approval Odds?

red259 — Wed, 22 Feb 2017 00:52:32 GMT

@RKintaudi wrote:
@red259 wrote:
@bourgogne wrote:
@noobody wrote:
Exact 5/24 means you most likely been declined.
Other profile looks fine, chase exposure looks ok also.
@Anonymous, I have heard of nobody that has been declined @ the branch. true its sucks not to have a pre-approval but that in no way means a denial unless something new happened in the past week that I did not hear about. I have been telling everyone i know to get his thing
Many people have been declined at the branch. 5/24 applies there as well. If OP is actually 5/24 than chance of approval are not that great to say the least. If some of those five cards are business cards, AUs or store cards then maybe it will be worth it.
They're all bank/credit union credit cards :/

Yea its most likely to be a decline to be honest. I mean you could always take a shot and hope for the best especially if you are trying to get the 100k signup. The inq will drop off eventually but if you are worried about inqs at all then maybe you are better off passing. When I apped for mine I knew there was a risk of denial but for me I'd rather have taken the inq and know I tried than let the 100k go. Then again I have most the cards I want so inqs aren't that important to me.

Re: Chase Sapphire Reserve Approval Odds?

RKintaudi — Wed, 22 Feb 2017 01:09:54 GMT

@Bourg, yeah, I'm still researching ways to fill in the gaps, haha, I'm not even close to having all the answer.

But yeah, I gotta go for it. I'll apply at the close of this billing cycle and will report back on whether I'm approved.

I'll have to keep that in mind, downgrading to a regular chase sapphire and re-applying for sapphire preferred in a couple of years.