topic CSP in Credit Cards

CSP

xgac12x — Wed, 15 Jan 2014 04:29:56 GMT

I am looking to apply for the CSP in mid April..when most of my INQ's fall off. I was wondering, does the CSP have any requirements, income, score etc?

Thanks

Re: CSP

-NewGuy- — Wed, 15 Jan 2014 04:33:22 GMT

It's one of Chase's stricter cards from my understanding. You can always check if you're pre-qualified for it on their website. Not near a guarantee either way, but it's a start.

Re: CSP

CreditJunkie917 — Wed, 15 Jan 2014 04:41:23 GMT

Through my experience, I don't think they're as strict as most people think. I was approved last month with the EQ in my siggy, 4 new apps(all w/in 2wks...previous were 15-16mo old), $57K income. Overall UTI roughly 46%. I believe it's a YMMV kinda thing. Good luck OP!

Re: CSP

Anonymous — Wed, 15 Jan 2014 05:12:46 GMT

i agree with credit junkie people want to put this card on a pedestal

my scores where in the 670's at the time of approval and many inq

if you have your ffot in the door (like you do with freedom) and decent scores and income i think your a shoe in

but def ymmv

Re: CSP

xgac12x — Wed, 15 Jan 2014 22:28:46 GMT

@Anonymous wrote:
i agree with credit junkie people want to put this card on a pedestal
my scores where in the 670's at the time of approval and many inq
if you have your ffot in the door (like you do with freedom) and decent scores and income i think your a shoe in
but def ymmv

I spend about 3-4k on my Freedom each month probably..PIF each month. I'm just wondering if I would have a shot or just apply for the regular Sapphire instead of wasting the HP.

Re: CSP

longtime_lurker — Wed, 15 Jan 2014 22:30:00 GMT

@xgac12x wrote:
@Anonymous wrote:
i agree with credit junkie people want to put this card on a pedestal
my scores where in the 670's at the time of approval and many inq
if you have your ffot in the door (like you do with freedom) and decent scores and income i think your a shoe in
but def ymmv
I spend about 3-4k on my Freedom each month probably..PIF each month. I'm just wondering if I would have a shot or just apply for the regular Sapphire instead of wasting the HP.

I'd app for CSP and then if they cannot approve you for CSP, during recon see if they'll approve you for the CS if you're so inclined. Let us know

Re: CSP

Mellon — Wed, 15 Jan 2014 22:39:47 GMT

I don't think it's that difficult.... go for it

Re: CSP

xgac12x — Wed, 15 Jan 2014 23:45:54 GMT

I'm looking to app in the middle of April. I have a BoA card that I do not use for anything..Should I close it after I get the CSP?

Re: CSP

Anonymous — Thu, 16 Jan 2014 00:28:24 GMT

If it does not have an annual fee I see no reason to close the account

Re: CSP

Lin55 — Thu, 16 Jan 2014 04:38:54 GMT

@CreditJunkie917 wrote:
Through my experience, I don't think they're as strict as most people think. I was approved last month with the EQ in my siggy, 4 new apps(all w/in 2wks...previous were 15-16mo old), $57K income. Overall UTI roughly 46%. I believe it's a YMMV kinda thing. Good luck OP!

Wow, 46% UTL is high for a CSP approval (at least from what I read on here). Did you have to recon? Also, what was the limit they gave you? TIA

Re: CSP

lonewolf210 — Thu, 16 Jan 2014 05:02:18 GMT

I got approved with only 1 card(non chase) that had a cl of 1k. I make 50k and my score was around 700. Took them like 2.5 weeks to approve but I didn't have to recon either.

Re: CSP

Lin55 — Thu, 16 Jan 2014 05:22:31 GMT

@lonewolf210 wrote:
I got approved with only 1 card(non chase) that had a cl of 1k. I make 50k and my score was around 700. Took them like 2.5 weeks to approve but I didn't have to recon either.

What was your CL for the CSP and what was your UTIL at the time at approval?

Re: CSP

Networth — Thu, 16 Jan 2014 06:00:14 GMT

They typically like to see atleast 1 year of solid credit history, and it is a Visa Signature so they must be willing to give you a 5k credit limit miniumum. The CSP seems difficult to get, and it can be, but others seem to get the card with ease. I would say you have a fair shot

Re: CSP

red259 — Thu, 16 Jan 2014 08:47:19 GMT

@Networth wrote:
They typically like to see atleast 1 year of solid credit history, and it is a Visa Signature so they must be willing to give you a 5k credit limit miniumum. The CSP seems difficult to get, and it can be, but others seem to get the card with ease. I would say you have a fair shot

you can get it with less than a year of history, especially if you have six+ months with freedom and good scores/util etc. The 5k min credit line is where people run into problems.

Re: CSP

takeshi74 — Thu, 16 Jan 2014 14:52:39 GMT

@xgac12x wrote:
does the CSP have any requirements, income, score etc?

Every card has underwriting requirements. We can't spell them out no matter what the card. There are some guidelines we can offer that are mentioned in this thread.

@Anonymous wrote:
i agree with credit junkie people want to put this card on a pedestal

Some do. Some do not. Some jump to broad, sweeping generalizations. It's just a card to me. It has relatively tougher requirements compared to, say, the Freedom for example.

@xgac12x wrote:
I'm looking to app in the middle of April. I have a BoA card that I do not use for anything..Should I close it after I get the CSP?

Your call. Consider the impact to utilization and your credit.

Re: CSP

xgac12x — Fri, 17 Jan 2014 00:00:29 GMT

My oldest card is my Kohls card which I opened in 6/2012. I've had my Freedom since 09/13, should I go for the CSP in April or will I have to wait until I've had my freedom for a year? Because if so, I am just going to get the PRG AMEX.

@Networth wrote:
They typically like to see atleast 1 year of solid credit history, and it is a Visa Signature so they must be willing to give you a 5k credit limit miniumum. The CSP seems difficult to get, and it can be, but others seem to get the card with ease. I would say you have a fair shot

Re: CSP

xgac12x — Fri, 17 Jan 2014 00:07:11 GMT

Because if I don't get the CSP I'll probably just go for the AMEX like I said, along with a CLI on my Freedom?

Re: CSP

MissCredit9 — Fri, 17 Jan 2014 00:37:34 GMT

If you have had the Freedom at least 6 months you will almost certainly get it. Most people who are approved for the CSP that dont have any other limits near 5k have a prior cc relationship with Chase.

Re: CSP

xgac12x — Fri, 17 Jan 2014 04:48:01 GMT

Yeah I have a checking account along with my Chase Freedom which I use quite heavily so yeah who knows. I would much rather get the CSP.