topic Re: Applying For A JPM Select in Credit Cards

Applying For A JPM Select......APPROVED

Anonymous — Tue, 25 Sep 2012 21:14:12 GMT

I recenlty got the CSP. I want this one as well for the hidden trade line and chip. I have apped quite a bit in the last 4 months. Proabaly 9 HQ's. The CSP is my highest tradeline at 5k. I should be ok for the JPM right?

Would it be best to wait until January to apply for this? Mt CSP and freedom accounts are no more than 1.5 months old.

Re: Applying For A JPM Select

Anonymous — Fri, 21 Sep 2012 21:52:10 GMT

How much of a limit did they give you on your Freedom card? That would be a lot of new (Chase) accounts pretty quickly, I wouldn't be surprised if they had to move some of your Freeom's limit over to approve you. Of course, your credit score and income will come into play with that.

Re: Applying For A JPM Select

Anonymous — Fri, 21 Sep 2012 22:18:35 GMT

Limit on Freedom is only 500 limit on the csp is 5k.

Re: Applying For A JPM Select

n777ua — Fri, 21 Sep 2012 22:22:45 GMT

I don't see an approval in your future based on your recent INQ's and 500 Freedom CL.

Re: Applying For A JPM Select

Anonymous — Fri, 21 Sep 2012 22:24:16 GMT

I would have to agree really. Getting approved for the csp really threw me off though.

Re: Applying For A JPM Select

Anonymous — Fri, 21 Sep 2012 23:23:22 GMT

@n777ua wrote:
I don't see an approval in your future based on your recent INQ's and 500 Freedom CL.

Yeah, I reckon the $500 limit on Freedom means you're pretty much topped out for exposure from Chase right now. I'd recommend using your new Chase cards regularly for the next 12 months or so, then applying for the JP Morgan Select.

Re: Applying For A JPM Select

Anonymous — Fri, 21 Sep 2012 23:29:55 GMT

Weird thing is I apped for the freedom first got the $500 limit. Then apped for the csp and got a 5k limit. Kinda strange.

Maybe I could give it a shot in January, just use my csp and freedom wisely. I am sure weirder things have happened. If I get denied then I will try it again in the summer.....

Thanks for the help!

Re: Applying For A JPM Select

LS2982 — Fri, 21 Sep 2012 23:38:23 GMT

Yea I agree with other posters you should give it 12 months them try for it if your still interested.

Re: Applying For A JPM Select

trumpet-205 — Fri, 21 Sep 2012 23:58:32 GMT

Chase do keep total CL you have with them in mind. So if you already have $5,500 CL from them getting Select is going to be difficult.

Re: Applying For A JPM Select

Anonymous — Sat, 22 Sep 2012 00:33:59 GMT

You can try and PC the CSP but you will lose the appeal and points benefits that card offers. Also, it may not be hidden if you PC. You might have hit their risk ceiling considering the toy limit on the Freedom, but then again, what do I know?!

I tied one on and applied on a whim and was approved...

Re: Applying For A JPM Select

CreditScholar — Sat, 22 Sep 2012 02:02:20 GMT

@Anonymous wrote:
@n777ua wrote:
I don't see an approval in your future based on your recent INQ's and 500 Freedom CL.
Yeah, I reckon the $500 limit on Freedom means you're pretty much topped out for exposure from Chase right now. I'd recommend using your new Chase cards regularly for the next 12 months or so, then applying for the JP Morgan Select.

Re: Applying For A JPM Select

thom02099 — Sat, 22 Sep 2012 11:57:00 GMT

@Anonymous wrote:
I recenlty got the CSP. I want this one as well for the hidden trade line and chip. I have apped quite a bit in the last 4 months. Proabaly 9 HQ's. The CSP is my highest tradeline at 5k. I should be ok for the JPM right?

Would it be best to wait until January to apply for this? Mt CSP and freedom accounts are no more than 1.5 months old.

Wait til January...or later. Check your score at that time then consider the app. Got my Sapphire Preferred last September, CLI doubled in May '12. Decided to go for the JPM Select for the hidden TL and chip, got approval for $5k immediately. Called to see about matching CL to my Sapphire, they said they would match my CSP initial CL and that I could request a CLI in 6 months. YMMV.

Re: Applying For A JPM Select

Jlu — Sat, 22 Sep 2012 14:31:20 GMT

idk guys, I'd almost say go for it. My only reservation is the $500 Freedom CL. Which came first the Freedom or the CSP? If Freedom came first I'd say go for it. If CSP came first I'd take the advice of everyone here.

But what do I know? I got approved for $9k JPM Select this morning with < 700 FICO.

Re: Applying For A JPM Select

Revelate — Sat, 22 Sep 2012 15:05:11 GMT

JPM / CSP at least used to roughly share underwriting criteria.

Not sure now but OP your initial CSP approval was a little surprising even with the apparent changes to Chase UW. If you're looking like you need an EMV chip soon then I'd take the flier and suck up the possible denial, but the hidden trade line is not where you want to be when rebuilding in my opinion.

Unless you have non-trivial spending overseas, there are better cards to either carry a balance on, and frankly make yourself prettier to every lender not just Chase. I would certainly recommend wrapping your arms around more than just Chase when it comes to credit cards, even if they are a very good lender to have in your pocket.

Re: Applying For A JPM Select

Anonymous — Sun, 23 Sep 2012 18:49:48 GMT

The freedom came first. The csp was not a slam dunk. I had to recon twice. What got me in is I had run just about 3k through my amex gold card and pif. They saw that and I was able to convince them the a 5k limit was no problem.....

I think at minimum it would be wise to wait until at least Jan to app to let these new accounts season a bit. Unless you guys convince me otherwise!

Re: Applying For A JPM Select

Jlu — Tue, 25 Sep 2012 18:01:46 GMT

Got my card today. It was expedited at no charge. It is by far the thickest plastic card I have ever seen. It is easily 2x thicker than my Chase Freedom. It is a brushed copper look on the front that shines (not glitters) in the light. It makes it look like it could be metal. The back is a solid brown non-reflective color with a stately looking JP Morgan logo in brushed silver letters in the bottom left.

It came with a brochure, very elegant I might add. It explains and breaks down all the features and benefits of the card very nicely. It is similar to the Palladium brochure with the fancy pictures and elegant typeface font.

Palladium Brochure: http://cdn.nerdwallet.com/blog/PalladiumRewardsBrochure.pdf

It says I can spend up to 3x my hard limit of $9,000 so $27,000. This is probably one of the best cards I can ask for if I travel overseas.

Also it is worth mentioning that when you call the number on the back of the card it goes directly to an Executive Office where an english-speaking person picks up the phone in a really nice tone and asks me how they can help me have an excellent day.

Re: Applying For A JPM Select

Anonymous — Tue, 25 Sep 2012 18:07:51 GMT

OP, I would definitely wait a year or so - use your current Chase cards as much as you can and of course PIF. If you had to recon twice just for the CSP, you're going to have a real tough time getting the JPM Select card. If you had a $10k CL on the CSP it would be a different story because you could split that CL to reach the $5k standard minimum on the CSP and JPM Select.

@Jlu wrote:
It says I can spend up to 3x my hard limit of $9,000 so $27,000.

It says in your JPM Select brochure that you can spend 3x your stated CL? I was recently told by a VP of card services that it is 2x for JPM Select, 3x for Palladium.

Re: Applying For A JPM Select

Jlu — Tue, 25 Sep 2012 18:20:57 GMT

^Just checked again, you're right it is 2x! Hah! Oh well I guess I'll have to settle for a Kia instead of a Honda

Re: Applying For A JPM Select

Anonymous — Tue, 25 Sep 2012 21:16:35 GMT

Well against my better judgment I applied last night and was instantly approved for 5k....I was just as shocked as you guys will be reading this. Both the freedom and the csp were reporting a $0 balance as I had just paid both accounts in full earlier in the day. Maybe that helped? idk....

They pulled to TU my score is right around 740

Anyways I am done aping now! time to graden till Jan when I am going fo the bcp!

Re: Applying For A JPM Select

Anonymous — Tue, 25 Sep 2012 21:17:31 GMT

Wow. Haha, congrats!