topic Re: Chase Sapphire Cards in Credit Cards

Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 15:39:42 GMT

Good Morning all!

So one of the next cards I would like to get is a Chase Sapphire Card. I have been on a rebuild journey and am currently hitting the 700 mark with my scores, will let this sit until September when everything should be at 700, or worst case high 600's (680+).

I have been a Chase customer for over 7 years, never had problems with my bank accounts, and always have over a thousand in savings as well.

Does bank history factor in at all? What scores are needed for these travel cards?

I will most likely still have a couple 60 day lates from over a year and a half ago sitting on my report as goodwills have had no luck so far, but everything else is in order. What would be the odds by that point?

Thanks!

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 15:48:11 GMT

Odds are always a gamble. Your best bet is go to a branch and ask them what you're pre-approved for. If things are on the fence the banker can call on your behalf to get an approval.

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 15:52:28 GMT

Thanks, ya that is what I am reading as I dig around here.

Does anyone know if the requirements are much different between the Preferred and Reserve card?

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 15:56:35 GMT

Preferred is a min $2K limit

Reserve is a min $10K limit

Chase will look at your total profile and usually they like to see at least a year at the min limit being managed before giving you a card in the sapphire series. Though there have been people w/ 0 CC's and only an AU account approved for $15K+ on the CSR. It really depends on the mood the computer is in when you hit submit.

Re: Chase Sapphire Cards

Remedios — Wed, 19 Jun 2019 15:57:42 GMT

@Anonymous wrote:
Preferred is a min $2K limit
Reserve is a min $10K limit

Chase will look at your total profile and usually they like to see at least a year at the min limit being managed before giving you a card in the sapphire series. Though there have been people w/ 0 CC's and only an AU account approved for $15K+ on the CSR. It really depends on the mood the computer is in when you hit submit.

CSP is $5000.00 min, not $2000.00.

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 16:00:36 GMT

My bad.... I'm not sure what card I was thinking about that starts at $2000. Chalking that up to a glitch.

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 16:35:03 GMT

The Sapphire Preferred is a Visa Signature credit card that has a minimum starting limit of $5,000. The Sapphire Reserve is a Visa Infinite card with a minimum starting limit of $10,000. Considering you were declined for NFCU's Flagship card which also has a $5,000 minimum - and Navy is in many instances a much more lenient and forgiving lender than Chase - it would appear at first glance that the odds of getting one of the Sapphire cards are not in your favor.

The Chase Sapphire cards are the flagship cards of the Chase consumer credit lineup and consequently have tougher underwriting standards than the Freedom cards, for example. The Sapphire Reserve in particular is marketed as a fairly exclusive card although in reality its not really that exclusive - $450 annual fee not withstanding.

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 17:12:41 GMT

Ya I figured there was some exclusiveness to them.

I am sitting on it for 3-6 months and then I will probably do the in-bank chat to see if I can get a pre-approval for either of these.

Re: Chase Sapphire Cards

Remedios — Wed, 19 Jun 2019 17:18:55 GMT

@Anonymous wrote:
Ya I figured there was some exclusiveness to them.

I am sitting on it for 3-6 months and then I will probably do the in-bank chat to see if I can get a pre-approval for either of these.

It's not that they are exclusive, it's just that you have a few things going on...recent inq/accounts, recent derogs and your current cards are a bit on the low(ish) end at this time.

You're an existing Chase customer, sit tight for a while, try to raise limit on at least one card (does not have to be $5k), and check for in branch preapprovals in about 6 months.

I'd wait til those lates are two years old.

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 17:43:48 GMT

I'm not past begging...so hit up some family that had existing chase accounts and got myself added as an AU on an existing Chase card.

Now I will let that simmer for a few months and see if some offers come in

Taking the fishing approach to this and baiting that rod a bit.

Re: Chase Sapphire Cards

Remedios — Wed, 19 Jun 2019 19:31:27 GMT

@Anonymous wrote:
I'm not past begging...so hit up some family that had existing chase accounts and got myself added as an AU on an existing Chase card.

Now I will let that simmer for a few months and see if some offers come in

Taking the fishing approach to this and baiting that rod a bit.

Well, I dont think you did yourself any favors there

AU account is another additional new account. It doesn't matter when it was opened. If your CR is pulled, it will let the lender know when you were added. You're one account closer to 5/24, without getting any rewards yourself.

AU account will not make getting your own Chase card any easier

The limit on that account is going to be irrelevant to your situation because you're not responsible payments on that account.

If the utilization on that account goes up, it will affect you also.

Do you share the address with the primary account holder?

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 19:50:38 GMT

Ya, I share the address with the account and already help aid in paying house hold wages (it is for my disabled mom) So I know the utilization on the account is fine.

Additionally this will get me:

1. Payment History improvements

2. AAoA improvement

3. Credit Limit increase (will have a card in that $5000+ range)

I still have several 5/24 slots so I am fine in that regard.

Figured there was little way this would be a set back, and if it is I will get it removed.

Re: Chase Sapphire Cards

SoCalifornia — Wed, 19 Jun 2019 22:24:03 GMT

Not really knowing much information reflecting your reports and history, my best advice is to;
1) Continue mingling here on the forum and heeding advice from a wealth of knowledge.
2) Garden for 6 more months, paying down any utility to less than 8%.
3) Hop on to Chase.com, sign in often, be aware of slick offers popping up around the site.
4) Keep your credit-nose clean.

Some say that the balance of your checking account does little to nothing, but my personal 10year experience with Chase says otherwise. They seem to play a lot nicer with me when my account is above 5K. YMMV 🤷🏽‍♂️

Re: Chase Sapphire Cards

Anonymous — Wed, 19 Jun 2019 21:26:40 GMT

Thanks!

Re: Chase Sapphire Cards

bourgogne — Wed, 19 Jun 2019 23:01:37 GMT

how much did the au account inflate your real fico score? if you dont have decent income and a score 720+ generally you are looking at a low sl from chase

Re: Chase Sapphire Cards

Anonymous — Thu, 20 Jun 2019 19:31:15 GMT

It hasn't reflected yet, but will let you know.

Re: Chase Sapphire Cards

jdbkiang — Thu, 20 Jun 2019 22:47:35 GMT

I’ve seen AU accounts help people that otherwise wouldn’t be qualified get approved for Chase cards specifically. However, without info about what other cards you have, it’ll be difficult to know your odds.

Re: Chase Sapphire Cards

Anonymous — Wed, 26 Jun 2019 20:40:41 GMT

Hello, I do not know what state you are in but I am located in GA and I applied for the Sapphire yesterday (6/25/19). They pulled Experian and TransUnion. I don't know yet if they used my FICO 8 score or the FICO 8 Bankcard score. I will let you know as soon as I get the card as they put a letter in there showing the score they used. I am currently at 708 (EX) and 712 (TU) for FICO 8 and 752 (EX) 707 (TU) for the Bankcard FICO 8 Score. Utilization currently is at 11% for my remaining accounts. I have had my Chase Freedom with them for 10 years no problems. They approved me for 13,900. I will update once I know what model they used. 8 or Bankcard enhanced.

Re: Chase Sapphire Cards

addicted_to_credit — Thu, 27 Jun 2019 04:57:07 GMT

I apped 6/9-6/10 for the CSP, Chase approved me for the sapphire preferred a few days later - tuesday ish maybe for an 18,700 SL @22.24%(i think) and offered to expidite the card. My scores at that time were low 680's on EX & EQ. Im not sure how i got that high (to me) of an SL with a bank I've had no prior relationship with... I have recently read somewhere on here Chase does some factoring in of AU accounts and if thats the case I'm an AU on my GF's Southwest card it has a 5400 limit and currently we've ran almost 20k through it in about 4 months (the reason I think I got approved more and more after the Chase factoring in AU's comments I've seen here). I do have a collection due to fall off next month and it is on both the reports Chase pulled. If you do app and get approved, a word of caution, do not get trigger happy - I've read a ton on here about it Chase apparently has no issues closing the door on you if they dont like they see after they approve you (they'll preform SP's to see what you've been up to, Ive had 2 SP's since I apped for the CSP and I'm sweating a little but so far account is still open!).

Re: Chase Sapphire Cards

Anonymous — Fri, 05 Jul 2019 15:59:02 GMT

@bourgogne wrote:
how much did the au account inflate your real fico score? if you dont have decent income and a score 720+ generally you are looking at a low sl from chase

The AU account reported and raise my score by 24 points!

Just updating as I said I would