topic Re: Should I apply for Chase Sapphire preferred? in Credit Cards

Should I apply for Chase Sapphire preferred?

Anonymous — Tue, 04 Sep 2018 20:59:14 GMT

Chase sent me a offer for Chase Freedom Unlimited 3 months ago online when I checked my bank account, I applied for yet and was approved for 1500 CL as my first card. No previous credit history. I received my third statement today and I am thinking about applying for CSP because majority of my spendings are for dining out. What are the odds of my approval, if I apply? My reported utilization in the past 3 months was under always 30%. I spent about at least 2000 every month with the Chase Freedom Unlimited ( of course, i have to make multiple payments a month because my CL is kind of low). Any Suggests? I also wanted the normal Chase Freedom to finish my Chase trifecta.

Re: Should I apply for Chase Sapphire preferred?

Anonymous — Tue, 04 Sep 2018 21:29:07 GMT

I think CSP is too early for you...

Chase usually likes to see at least 1 year of credit history before approving you for a card so I'm surprised they already approved you for the CFU.

I think you should wait for at least 3 more months. Chase reps told me that usually after 6 months they review your account and see if you are eligible for any offers. If you see them softpull one of your reports after your 6th statement, you'll know they've reviewed your account.

I just got the CFU back in May and I'm waiting until December before applying for the CSP.

Good luck!

Re: Should I apply for Chase Sapphire preferred?

Anonymous — Tue, 04 Sep 2018 21:41:40 GMT

@Anonymous wrote:
Chase sent me a offer for Chase Freedom Unlimited 3 months ago online when I checked my bank account, I applied for yet and was approved for 1500 CL as my first card. No previous credit history. I received my third statement today and I am thinking about applying for CSP because majority of my spendings are for dining out. What are the odds of my approval, if I apply? My reported utilization in the past 3 months was under always 30%. I spent about at least 2000 every month with the Chase Freedom Unlimited ( of course, i have to make multiple payments a month because my CL is kind of low). Any Suggests? I also wanted the normal Chase Freedom to finish my Chase trifecta.

Are you planning on transferring points to partners with the CSP? If not, the CFU doesn't make much sense with the CSP.

Re: Should I apply for Chase Sapphire preferred?

Anonymous — Tue, 04 Sep 2018 22:04:23 GMT

@Anonymous wrote:
@Anonymous wrote:
Chase sent me a offer for Chase Freedom Unlimited 3 months ago online when I checked my bank account, I applied for yet and was approved for 1500 CL as my first card. No previous credit history. I received my third statement today and I am thinking about applying for CSP because majority of my spendings are for dining out. What are the odds of my approval, if I apply? My reported utilization in the past 3 months was under always 30%. I spent about at least 2000 every month with the Chase Freedom Unlimited ( of course, i have to make multiple payments a month because my CL is kind of low). Any Suggests? I also wanted the normal Chase Freedom to finish my Chase trifecta.
Are you planning on transferring points to partners with the CSP? If not, the CFU doesn't make much sense with the CSP.

What Lurker said. URs like MRs are better suited to transfer to travel partners. CSP is not the best dining card available, by far. GL

Re: Should I apply for Chase Sapphire preferred?

Anonymous — Wed, 05 Sep 2018 00:08:35 GMT

@Anonymous wrote:
I think CSP is too early for you...

Chase usually likes to see at least 1 year of credit history before approving you for a card so I'm surprised they already approved you for the CFU.

I think you should wait for at least 3 more months. Chase reps told me that usually after 6 months they review your account and see if you are eligible for any offers. If you see them softpull one of your reports after your 6th statement, you'll know they've reviewed your account.

I just got the CFU back in May and I'm waiting until December before applying for the CSP.

Good luck!

Thank you for your respsonse. I am also surprised that they approved me for chase freedom unlimited, maybe because i do bank with them for 2 years now? I do have 4 trips over the next 12 months planned.