topic Re: J P MORGAN SELECT approved in Credit Cards

J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 13:44:55 GMT

been craving for this card for months...this morning pulled the trigger APPROVED for 5K CL @ 13.24 apr.

this is my 3rd chase card.

Re: J P MORGAN SELECT approved

crunching_numbers — Wed, 23 May 2012 13:48:51 GMT

Congrats!

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 14:01:04 GMT

thanks.

Re: J P MORGAN SELECT approved

improvingmycredit — Wed, 23 May 2012 15:30:38 GMT

Congrats mokong! Man-I really want this card but I'm waiting it out for a few more months. The hidden TL is what is so appealing about this card. Let us know how it reports or in this case doesn't. I'm curious about the CS also.... is it a notch above or do you use the same concierge service with the other Chase cards? Thanks and again... CONGRATS!

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 15:54:26 GMT

Congrats! What made you want to get this card?

Re: J P MORGAN SELECT approved

Jake0215 — Wed, 23 May 2012 15:55:10 GMT

@improvingmycredit wrote:
Congrats mokong! Man-I really want this card but I'm waiting it out for a few more months. The hidden TL is what is so appealing about this card. Let us know how it reports or in this case doesn't. I'm curious about the CS also.... is it a notch above or do you use the same concierge service with the other Chase cards? Thanks and again... CONGRATS!

When you call the # on the back of the card it goes directly to the executive office, and directly to a person. I am pretty sure it's different than the # for the csp.

Re: J P MORGAN SELECT approved

improvingmycredit — Wed, 23 May 2012 15:58:44 GMT

@Jake0215 wrote:
@improvingmycredit wrote:
Congrats mokong! Man-I really want this card but I'm waiting it out for a few more months. The hidden TL is what is so appealing about this card. Let us know how it reports or in this case doesn't. I'm curious about the CS also.... is it a notch above or do you use the same concierge service with the other Chase cards? Thanks and again... CONGRATS!
When you call the # on the back of the card it goes directly to the executive office, and directly to a person. I am pretty sure it's different than the # for the csp.

The executive office! That's pretty sweet really! Just another great reason to get this card. HA! Thanks Jake0215!

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 17:01:14 GMT

I heard that CSP card holders should have no problem PC'ing from CSP to the select card. I wonder if this still is true. Also, do you think having the select card will make it easier to get the Palladium down the road?

Palladium is my ultimate goal.

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 17:05:44 GMT

Does anyone know what material the Select card is made of? I wonder if the card numbers are engraved on the back like the CSP's. Maybe the card is metal like the Palladium? Maybe there is a thin slice of metal between plastic like the CSP?

JPmorgan is salivating for the JP Morgan Select card!

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 17:15:03 GMT

@Anonymous wrote:
I heard that CSP card holders should have no problem PC'ing from CSP to the select card. I wonder if this still is true. Also, do you think having the select card will make it easier to get the Palladium down the road?

Palladium is my ultimate goal.

Your username is "JPmorgan," shouldn't you know these things?

CSP and Select are in the same "tier" so it makes sense, but I can't personally confirm.

I doubt having the Select will be any more helpful than having any other JPMC card. It all comes down to your income, credit worthiness, etc. An existing relationship might help if you're on the bubble and are in manual review though.

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 17:17:44 GMT

@Anonymous wrote:
Does anyone know what material the Select card is made of? I wonder if the card numbers are engraved on the back like the CSP's. Maybe the card is metal like the Palladium? Maybe there is a thin slice of metal between plastic like the CSP?

JPmorgan is salivating for the JP Morgan Select card!

It's a regular plastic credit card, with raised numbers on the front (no engraving); however, it is NOT brown like in the online picture, it's more like a glittery bronze. Pretty nice design in person.

When JPM Palladium users ask for extra plastic cards, it looks identical to the The JPM Select card btw.

Re: J P MORGAN SELECT approved

Jake0215 — Wed, 23 May 2012 17:18:29 GMT

@Anonymous wrote:
Does anyone know what material the Select card is made of? I wonder if the card numbers are engraved on the back like the CSP's. Maybe the card is metal like the Palladium? Maybe there is a thin slice of metal between plastic like the CSP?

JPmorgan is salivating for the JP Morgan Select card!

the answer is no to all your questions. The card is plastic, the numbers are on the front, and it prob won't help you get the palladium. Furthermore, I called to inquire about a possible line transfer to the palladium (eventually). I was told that as of a month or so ago the private banking division handles all applications and the requirement of being a private banking member was reinstated. Hopefully someone hears something different. The person I spoke to at the exec. Office said her dept handled the apps for the palladium until recently. She said if someone called wanting to apply she would transfer the, to private banking.

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 17:20:53 GMT

@Anonymous wrote:
Does anyone know what material the Select card is made of? I wonder if the card numbers are engraved on the back like the CSP's. Maybe the card is metal like the Palladium? Maybe there is a thin slice of metal between plastic like the CSP?

JPmorgan is salivating for the JP Morgan Select card!

It's a regular card, nothing like the CSP. It's plastic, raised numbers, etc. It's the same as if you have a Palladium and requested a plastic version.

Re: J P MORGAN SELECT approved

Jake0215 — Wed, 23 May 2012 17:27:28 GMT

The more I use this card the more I like it. We had our first child a few months ago and the bills from her hospital stay and his ped appts are starting to roll in. Stupid insurance. Anyway, in total itscgoing to be around 2k, not the end of the world, but it's nice to know that if I choose to revolve some of that balance over two or three months I can worry free. That perk alone is worth the 95 annual fee. if you're on the fence about this card, it gets a ringing endorsement from me.

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 17:34:01 GMT

@Jake0215 wrote:
The more I use this card the more I like it. We had our first child a few months ago and the bills from her hospital stay and his ped appts are starting to roll in. Stupid insurance. Anyway, in total itscgoing to be around 2k, not the end of the world, but it's nice to know that if I choose to revolve some of that balance over two or three months I can worry free. That perk alone is worth the 95 annual fee. if you're on the fence about this card, it gets a ringing endorsement from me.

Are you referring to the hidden TL benefit?

Re: J P MORGAN SELECT approved

Jake0215 — Wed, 23 May 2012 17:34:38 GMT

@Anonymous wrote:
@Jake0215 wrote:
The more I use this card the more I like it. We had our first child a few months ago and the bills from her hospital stay and his ped appts are starting to roll in. Stupid insurance. Anyway, in total itscgoing to be around 2k, not the end of the world, but it's nice to know that if I choose to revolve some of that balance over two or three months I can worry free. That perk alone is worth the 95 annual fee. if you're on the fence about this card, it gets a ringing endorsement from me.

Are you referring to the hidden TL benefit?

Yes :-)

Re: J P MORGAN SELECT approved

Anonymous — Wed, 23 May 2012 17:52:48 GMT

@Jake0215 wrote:
@Anonymous wrote:
@Jake0215 wrote:
The more I use this card the more I like it. We had our first child a few months ago and the bills from her hospital stay and his ped appts are starting to roll in. Stupid insurance. Anyway, in total itscgoing to be around 2k, not the end of the world, but it's nice to know that if I choose to revolve some of that balance over two or three months I can worry free. That perk alone is worth the 95 annual fee. if you're on the fence about this card, it gets a ringing endorsement from me.

Are you referring to the hidden TL benefit?
Yes :-)

Does carrying a balance on a card when it does report to CRAs cause lasting damage to your credit score? I was under the impression that the only ding would be to your utilization ratio, and that it immediately goes away when you're back to reporting a zero balance.

Re: J P MORGAN SELECT approved

improvingmycredit — Wed, 23 May 2012 18:05:29 GMT

Your statement is true regarding the short term affect of carrying a balance with regards to FICO. Once the balance goes back to 0 then no harm no foul. The allure of this card is you can carry a balance and not get any ding at all to utility. For me that means vacations- travel ect... With no effect to my utility that I can pay off over time of my choosing. . Typically- I don't carry balances even for travel, but it's a nice option to have. Plus the no foreign exchange fees. Nice! I'm getting this card! Ha!

Re: J P MORGAN SELECT approved

Anonymous — Fri, 25 Jan 2013 00:13:10 GMT

^ Gotcha. So the advantages of JPM Select over CSP are:

Hidden TL
EMV chip & signature
Primary rental car CDW
No late or over limit fees
25k points bonus after $100k yearly spend

And the disavantages are:

Weaker rewards (2x airfare, hotel, and car rentals vs. 2x on ALL travel and food with CSP)
No 7% annual points dividend
No AF waive first year
No sign-up bonus (currently 40k points with CSP)
Plain plastic credit card

Am I missing anything?

Re: J P MORGAN SELECT approved

improvingmycredit — Wed, 23 May 2012 18:51:32 GMT

When compared like that, doesn't seem like a great choice... huh?

If the choices for you are the CSP vs the Select for a rewards card only, then the CSP may be a better fit. But beauty is in the eyes of the beholder so to speak and for me, don't need another rewards card. There are definitely better rewards cards out there. I think for most, it's the hidden tradeline. The fact that there are 2X rewards for airfare/hotel/car rentals is just icing on the cake. I'd get the Select even if there were no rewards. Weird huh?