topic Re: CSP application - "Recommended for Approval"...??? in Credit Cards

CSP application - "Recommended for Approval"...???

krismac — Wed, 06 Feb 2013 16:52:12 GMT

Hello, everyone! New member, long time lurker - I've been reading a lot of threads in regadds to people applying for the card. Here's my situation, I had an old Amazon Chase CC, paid it off and closed it as advised by the nice l talked to last night when I called the recon number. She informed me that my pending application was denied because of a balanthe that was on my old Amazon card from Chase - and that they flagged my app for the CSP because my old account for the Aamazon CC was under my old last name (before I got married). I told the lady that I got married last year, and have had my last name legally changed. She advised me pay of off the remaining balance on the old Amazon CC acrypto close it, and to call again after the payment has posted.

The payment posted this morning, so I decided, what the heck, why not. Called the recon number and a nice man answered the phone - I pretty much explained to him what the lady from the other night had told me. He asked for my info, verified my last name, had to assure him that my old CC account was under my old last name. He verified my address, employer, and my gross income. I was on hold for a few minutes and he told me that resubmitted my app with a 5k CL, and recommended it for approval. What has me a little worried is that he did say that it will take two weeks for the final answer and will get a letter in the mail for an approval or declined answer.

Has anyone ever encountered this when applying for the CSP CC??? Should I call the recon line again later today or tomorrow and ask for my app status instead of waiting 2 weeks to find out?

Here's my credit info:

MyFico score: 751

Oldest account: 7 years, no late payments at all

Discover card

Amex Delta

Amex BCE

Cap1 - planning on closing this since it only has 700 in it and have not used for a while now.

Don't know how important - but I am about to pay off my car loan a the end of this month.

Any input helps

Re: CSP application - "Recommended for Approval"...???

SnackTrader — Wed, 06 Feb 2013 17:29:54 GMT

You can ask, but since it was "recommended for approval" there probably isn't a whole lot that phone call will do. You just need to play the waiting game now because the recommendation probably needs additional approvals.

Good luck!

Re: CSP application - "Recommended for Approval"...???

krismac — Wed, 06 Feb 2013 17:37:40 GMT

Thanks, SnackTrader! I'm just anxious I guess - not really knowing if its approved or not, even with an approval recommendation.

Re: CSP application - "Recommended for Approval"...???

SnackTrader — Wed, 06 Feb 2013 17:48:37 GMT

It must be tough. You might not hear from them immediately, but you just have to hope that the person you talked to took all the correct steps.

I would call back next week if you don't hear by then. And in the meantime you can check the automated application status line that Chase has to see if that says "pending" or "denied". I forget where the number is - maybe it's on the stickies here?

Re: CSP application - "Recommended for Approval"...???

Anonymous — Wed, 06 Feb 2013 18:23:29 GMT

@SnackTrader wrote:
It must be tough. You might not hear from them immediately, but you just have to hope that the person you talked to took all the correct steps.

I would call back next week if you don't hear by then. And in the meantime you can check the automated application status line that Chase has to see if that says "pending" or "denied". I forget where the number is - maybe it's on the stickies here?

I got the same "recommend for approval" about a month ago, mine was at night and I called in the next day around noon and was told I was approved. I would definitly call back this afternoon and just tell them you want to check the status. They might need more info from you before they can approve and you won't want to wait for a letter in the mail just to find out they need more info.

Re: CSP application - "Recommended for Approval"...???

krismac — Wed, 06 Feb 2013 19:05:29 GMT

I called back - recon analyst number and the analyst on the line said that the application is still fairly new and there's nothing he could do to approve it - but he did say that the "recommended for approval" is on the application. He said ta call them back in a week...but I'll probably give them a call this Friday. I got a little deflated when he said that theremaws nothing he could do since the app is fairly new.

Re: CSP application - "Recommended for Approval"...???

krismac — Wed, 06 Feb 2013 19:06:22 GMT

The analyst said that it is pending verification - and can take up to two weeks.

Re: CSP application - "Recommended for Approval"...???

SnackTrader — Wed, 06 Feb 2013 19:39:39 GMT

So like I said, you can try, but the phone call probably won't do too much.

Thankfully, you are still recommended for approval. Give it time.

Re: CSP application - "Recommended for Approval"...???

Anonymous — Wed, 06 Feb 2013 19:40:20 GMT

I would call back every day, after mine was "recommended for approval" I called back in the next morning and was told it was pending, called back in that afternoon and was asked a bunch of verification questions and then was told it was approved.

Re: CSP application - "Recommended for Approval"...???

youngandcreditwrthy — Wed, 06 Feb 2013 20:14:16 GMT

I'm pretty sure they have to verify it for you lol... There's a number you can call.. I'm not sure what it is, but I think it ends in 7830.

Re: CSP application - "Recommended for Approval"...???

krismac — Wed, 06 Feb 2013 22:13:18 GMT

The recon analys that I talked to said that it is "pending verification," / "verification process." He said that there's nothing he can do, but to call in a week to check. He might as well have said that my app was denied. Im wondering now what it is that they saw on my report. I have a EQ of 751, and TU of 743, avg. credit length of 7 yrs and 4 months, no negatives or late payments, with 3 inquiries in the past year.

Re: CSP application - "Recommended for Approval"...???

Anonymous — Wed, 06 Feb 2013 22:16:40 GMT

Chillax... you're probably approved.

Call in a couple days.. until then go watch some cute kittens on Youtube

Re: CSP application - "Recommended for Approval"...???

krismac — Wed, 06 Feb 2013 22:21:30 GMT

I like kittens...but had a bad experience with one growing up...got scratched by one...lol.

Re: CSP application - "Recommended for Approval"...???

Anonymous — Wed, 06 Feb 2013 22:30:51 GMT

do you have a high income? maybe they are trying to verify you're income... have you moved in the last couple of years? maybe they're just trying to verify you are who you say you are...

Re: CSP application - "Recommended for Approval"...???

krismac — Wed, 06 Feb 2013 23:10:06 GMT

@ ryanbush - the recon analyst I talked to this morning that recommended me for approval with a 5K CL did ask me to verify my income - he wanted my gross income before taxes, so I told him that and explained to him that the income I had entered on the app was my income after taxes, he also verified my address, last name, and my mother's maiden name.

Re: CSP application - "Recommended for Approval"...???

Anonymous — Wed, 06 Feb 2013 23:58:38 GMT

@krismac wrote:
I like kittens...but had a bad experience with one growing up...got scratched by one...lol.

Puppies?

Hampsters?

Goldfish?

Re: CSP application - "Recommended for Approval"...???

Anonymous — Thu, 07 Feb 2013 00:51:14 GMT

I meant they may try to verify through a third party source that the information you submitted to them is correct.

Re: CSP application - "Recommended for Approval"...???

Anonymous — Thu, 07 Feb 2013 01:43:55 GMT

@Anonymous wrote:
I meant they may try to verify through a third party source that the information you submitted to them is correct.

I don't think Chase verifies income.

Re: CSP application - "Recommended for Approval"...???

Anonymous — Thu, 07 Feb 2013 01:49:46 GMT

@Anonymous wrote:
@Anonymous wrote:
I meant they may try to verify through a third party source that the information you submitted to them is correct.
I don't think Chase verifies income.

thx, I didn't mean to insinuate that's what they were doing... just giving ideas as to what they mean by pending verification

Re: CSP application - "Recommended for Approval"...???

krismac — Thu, 07 Feb 2013 02:38:41 GMT

They don't verify income? Huh, I wonder why the analyst asked for mine then...but was honest and told him I entered my income after taxes on the app, but he asked for my income before taxes.