topic Re: CSP again.... in Credit Cards

CSP again....

oztsvi — Thu, 23 May 2013 22:07:16 GMT

got instantly approved for chase freedom two weeks ago for 3k.

i know i said i will wait but i really want to give it a shot and apply for CSP.

any thoughts?

Re: CSP again....

09Lexie — Thu, 23 May 2013 22:19:58 GMT

From your last post, Chase told you that you didn't have enough history. What's changed since then? A few months maybe but I think they want6 mos with the CL.

Re: CSP again....

LS2982 — Thu, 23 May 2013 22:24:38 GMT

@09Lexie wrote:
From your last post, Chase told you that you didn't have enough history. What's changed since then? A few months maybe but I think they want6 mos with the CL.

I agree, give It 6 more months. Patience grasshopper!!

Re: CSP again....

oztsvi — Thu, 23 May 2013 22:25:21 GMT

well last time i applied for the freedom back in nov 12, i got decliend now i got approved for 3k.

i got the same answer back then for CSP and it was over 6 months ago

back then i only had one card with a 1,500 limit , now i have 5 which two of them are charge cards from amex (gold and green) for 4 months.

discover it 2k limit discover 3k limit.

i think my chances are better, i mean the only thing i got to lose is another inq worse case right?

Re: CSP again....

oztsvi — Thu, 23 May 2013 22:28:05 GMT

iv'e seen pepole with a slim file and low cl that got approved, nobody can actually tell if you'll get approved or not right?

Re: CSP again....

LS2982 — Thu, 23 May 2013 22:28:46 GMT

@oztsvi wrote:
well last time i applied for the freedom back in nov 12, i got decliend now i got approved for 3k.

i got the same answer back then for CSP and it was over 6 months ago

back then i only had one card with a 1,500 limit , now i have 5 which two of them are charge cards from amex (gold and green) for 4 months.

discover it 2k limit discover 3k limit.

i think my chances are better, i mean the only thing i got to lose is another inq worse case right?

If you must app go for it!! Lol

Youll burn an INQ and if declined may have to wait longet to get it.

Re: CSP again....

oztsvi — Thu, 23 May 2013 22:31:17 GMT

Re: CSP again....

2011beginnings — Thu, 23 May 2013 22:34:36 GMT

It's hard to say but with Chase giving you the $3000 limit I would garden for six months + before going for a CSP since it requires $5000 at minimum.

Re: CSP again....

oztsvi — Thu, 23 May 2013 22:38:05 GMT

I know that's why I am thinking :-)

Re: CSP again....

09Lexie — Thu, 23 May 2013 22:39:37 GMT

You asked for our opinion and you were given the advice to garden now and 2 weeks ago. You might be successful, Chase generally does not like new accts on thin files. Ultimately applying is a personal decision.

Good luck if you decide to app.

Re: CSP again....

Anonymous — Thu, 23 May 2013 22:52:22 GMT

The downside of repeatedly trying to apply for credit with the same lender is that it makes u look desperate for credit, regardless of whether that may actually be the case.

If they feel that you are exhibiting risky behavior, they might AA you.

Re: CSP again....

LS2982 — Thu, 23 May 2013 22:55:28 GMT

@Anonymous wrote:
The downside of repeatedly trying to apply for credit with the same lender is that it makes u look desperate for credit, regardless of whether that may actually be the case.

If they feel that you are exhibiting risky behavior, they might AA you.

This ^^^^^^^^

Re: CSP again....

oztsvi — Thu, 23 May 2013 23:44:55 GMT

AA me...interesting, and guys thanks for your response.

I really value your opinion, that is why I was asking from the beginning :-)

Re: CSP again....J

Anonymous — Thu, 23 May 2013 23:57:06 GMT

I'm not trying to be a party pooper or to scare you for the fun of it.

There have been people who got all their accounts closed by chase, GE, citi, American Express etc. because they went overboard. However, there are also people who are fine even after an extended app spree. It really depends on how much of a risk you are willing to put yourself through and whether you think it's worth potentially losing your other account(s) over trying to get 1 more because you couldn't wait.

It honestly boils down to how your CR looks like. If you have a less than ideal CR, which could be due to late payments, short history, high inquiries or whatever the reason(s) might be, it's advisable to play it safe than to try jam things through.

It's entirely up to you. There's no real right or wrong in such situations. If you really want the card now you could always take the plunge and hope for the best. But if it were up to me, the logical decision would be to wait. Just manage your credit well for the next 6-12 months and its almost guaranteed you will get approved. Unless there's some special reason you can't wait for 6-12 months I don't see why you shouldn't.

Best of luck!

Re: CSP again....

Anonymous — Fri, 24 May 2013 00:01:57 GMT

since the topic is on csp

so...i had 2 chase accs opened 8 and 6mos ago for slate and amazon.. kinda want csp (have a 6k discover acc. opened 4mos ago) should i appt in 2mos?

aoaa will be 1yr in 2mos
no bads
710ish fico from lender pull
i can pay down util to w/e i want

asking bc i might take out a student loan for masters program and by then my util would be **bleep**....

Re: CSP again....

Anonymous — Fri, 24 May 2013 00:02:59 GMT

@Anonymous wrote:
since the topic is on csp

so...i had 2 chase accs opened 8 and 6mos ago for slate and amazon.. kinda want csp (have a 6k discover acc. opened 4mos ago) should i appt in 2mos?

aoaa will be 1yr in 2mos
no bads
710ish fico from lender pull
i can pay down util to w/e i want

asking bc i might take out a student loan for masters program and by then my util would be **bleep**....

If you're taking out a student loan, isn't that installment, and so wouldn't be counted in util?

Re: CSP again....

09Lexie — Fri, 24 May 2013 00:29:43 GMT

^^^correct

Re: CSP again....

Anonymous — Fri, 24 May 2013 00:30:26 GMT

@09Lexie wrote:
^^^correct

I only ask b/c I have several and if that was the case, I'd be who-knows-where LOL.

Re: CSP again....

Anonymous — Fri, 24 May 2013 01:20:04 GMT

i had no idea

didn't have to take one out for undergrad...

but that would hurt DTI though... still think my chances are better before the student loan...

Re: CSP again....

myjourney — Fri, 24 May 2013 01:23:14 GMT

I could be wrong but I thought chase likes to see 9-12 months history from your first card...

Some people have gotten in before that and YMMV

Good luck if you app