topic Re: Chase Sapphire Preferred recommended for 1st line approval in Credit Cards

Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 01:02:53 GMT

It's me again. Still trying to hit that 100k After receiving the Barclaycard Arrival World Mastercard and Chase Southwest Airlines Visa Signature with wonderful bonuses, I decided to try and product change my Chase Slate for the CSP. Called the backdoor number for Chase to ask that question, they told me that if I applied and was denied that they could reallocate credit to get the CSP open, but I would have to talk to customer service to see if I would then be eligible for signup bonus. Called customer service and they said I couldn't PC and that I would have to apply which I already knew that. In that scenario, if the backdoor did a PC, I would get the signup bonus. Well I decided to pull the trigger and apply for the CSP figuring it would be a denial anyway but I could do a PC through the backdoor. Application immediately in a pending status. Called backdoor number and amazingly I got the same person that I had originally spoke to. He went over my application with basic questions. He then said I see a 2004 BK on record (I didn't realize at time that BK was actually 2003). He said that all BK's require two reviewer approvals. He said that he was issuing the 1st line review approval and would forward application for 2nd line review approval and I would be notified online within 24 hours. I didn't ask any questions about possible limit or anything, I am just hopeful I can get at least the minimum 5K without doing a PC or reallocation. Overall, this was a good experience even if I'm eventually declined. It's my hope that the 1st line recommended approval means something. I had to go through a similiar process with the Chase Southwest Visa Signature but they called it fraud verification. In that case, the 1st reviewer recommended approval and transferred me to someone who verified info on credit report and then said I was approved. This would be totally awesome considering I just got the slate in October 2013 with $2,500 and manual cli in January 2014 and then the Chase Southwest Visa in March 2014. And to think when I first called the backdoor number I told the analyst that I most likely couldn't be approved for a 3rd card and I wanted to do a PC or reallocation. He told me then to go ahead and apply. Fingers crossed big time.

Re: Chase Sapphire Preferred recommended for 1st line approval

Uppingmyscore — Wed, 02 Apr 2014 01:10:41 GMT

WOW....How do you manage that many accounts? Your overall goal is to reach 100,000? Are you out of SP CLI which is why you applied again with a HP?

Just trying to follow what you got going on :-)

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 01:24:50 GMT

@Uppingmyscore wrote:
WOW....How do you manage that many accounts? Your overall goal is to reach 100,000? Are you out of SP CLI which is why you applied again with a HP?

Just trying to follow what you got going on :-)

I wouldn't necessarily recommend my approach for most, all but 3 of my cards were obtained since July 2013. SP CLI's can only come for me through Walmart Discover and Barclays, both of which may balk at a cli right now with the shear volume of new accounts. I've accummulated over $95,000 since July 2013. I've been mastering the credit game through this board and credit pulls.

Re: Chase Sapphire Preferred recommended for 1st line approval

gdale6 — Wed, 02 Apr 2014 01:30:06 GMT

Well good luck and BTW if the BK is from 2003 it should be long gone from your reports, dispute it off.

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 01:32:34 GMT

@gdale6 wrote:
Well good luck and BTW if the BK is from 2003 it should be long gone from your reports, dispute it off.

Thanks gdale6. It's off my report as of last year so now that you mention that I'm sure it was 2003 and not 2004. Do you think it's worth calling chase backdoor back or just wait it out for 2nd review? The BK was stated as the only reason for a 2nd review.

Re: Chase Sapphire Preferred recommended for 1st line approval

Uppingmyscore — Wed, 02 Apr 2014 02:06:04 GMT

@12njoy wrote:
@gdale6 wrote:
Well good luck and BTW if the BK is from 2003 it should be long gone from your reports, dispute it off.
Thanks gdale6. It's off my report as of last year so now that you mention that I'm sure it was 2003 and not 2004. Do you think it's worth calling chase backdoor back or just wait it out for 2nd review? The BK was stated as the only reason for a 2nd review.

Best wishes!!! I personally wouldn't call the back door again considering its going up for a second review, because of the BK. I doubt the one year difference is the real issue.

Keep us posted!!!

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 02:10:27 GMT

@Uppingmyscore wrote:
@12njoy wrote:
@gdale6 wrote:
Well good luck and BTW if the BK is from 2003 it should be long gone from your reports, dispute it off.
Thanks gdale6. It's off my report as of last year so now that you mention that I'm sure it was 2003 and not 2004. Do you think it's worth calling chase backdoor back or just wait it out for 2nd review? The BK was stated as the only reason for a 2nd review.
Best wishes!!! I personally wouldn't call the back door again considering its going up for a second review, because of the BK. I doubt the one year difference is the real issue.

Keep us posted!!!

Thank you. Will do. He said if I'm approved it would show up in my online account within 24 hours. If not, I'll have a secure message in my online account. I would hope that the 1st review is the more stringent and the 2nd is just an overview.

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 02:11:30 GMT

I'll be checking online account all day tomorrow

Re: Chase Sapphire Preferred recommended for 1st line approval

Credit-hoarder — Wed, 02 Apr 2014 02:56:20 GMT

12njoy: I can understand your anticipation right now. I'm only $1100 away from hitting $50K in revolving credit. Right now with the 2 new additions I'm sitting at $48.9K across 13 cards (not counting AMEX green).

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 02:58:45 GMT

@Credit-hoarder wrote:
12njoy: I can understand your anticipation right now. I'm only $1100 away from hitting $50K in revolving credit. Right now with the 2 new additions I'm sitting at $48.9K across 13 cards (not counting AMEX green).

Yes, I see you understand how you can be so close, but yet so far.

Re: Chase Sapphire Preferred recommended for 1st line approval

Credit-hoarder — Wed, 02 Apr 2014 03:05:51 GMT

I'm planning to accept my FNBO Amex pre-approval sometime this week, but I'm not sure it that would put me over the $50K mark or not since supposedly it's NPSL. Also starting to have a change of heart about Chase Freedom. Even though I know 4 new acct's in such a short time would TOTALLY DESTROY my AAOA!

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 03:12:11 GMT

@Credit-hoarder wrote:
I'm planning to accept my FNBO Amex pre-approval sometime this week, but I'm not sure it that would put me over the $50K mark or not since supposedly it's NPSL. Also starting to have a change of heart about Chase Freedom. Even though I know 4 new acct's in such a short time would TOTALLY DESTROY my AAOA!

My AAOA is totally destroyed, but I'm not worried as I have all the credit that I will need for a long time to come. Mine is from 1.8-2.9. Don't mind at all given all the success I've had and I'm not looking to get anything else anytime soon.

Re: Chase Sapphire Preferred recommended for 1st line approval

vpae — Wed, 02 Apr 2014 03:15:29 GMT

Good luck! Chase took a lot of time on my apps too. I had some issues with them a while back and while it's showing on my report as either Closer or account transferred, it's all paid satisfactorily, I know that I'm on internal risk list with Chase and my apps have needed manual review by multiple people. And along with you, probably doesn't help that I added SO many TL and so much CL in such a short amount of time.

Wish you the best, I know what it's like to have to wait anxiously for an answer!!

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 03:18:25 GMT

@vpae wrote:
Good luck! Chase took a lot of time on my apps too. I had some issues with them a while back and while it's showing on my report as either Closer or account transferred, it's all paid satisfactorily, I know that I'm on internal risk list with Chase and my apps have needed manual review by multiple people. And along with you, probably doesn't help that I added SO many TL and so much CL in such a short amount of time.

Wish you the best, I know what it's like to have to wait anxiously for an answer!!

Thanks. You've got a might impressive lineup. Chase has been good to you.

Re: Chase Sapphire Preferred recommended for 1st line approval

CreditMagic7 — Wed, 02 Apr 2014 04:19:52 GMT

12njoy

Your approach is the same as the ambition i been pressing ahead with too, and it's not for the faint of heart but managed intelligently as you obviously have, that effort in and of itself (not always) but can lay just the foundation expected provided of course all goes reasonable well to your favor.
I applaud your approach but like you, don't recommend others to put out their neck given the unpredictability of the timing that has to be precise with contingencies at the ready.

That being said i wish you a first place finish finally in achieving your goal.

I'm impressed and i just know the clock is Ticking in your favor to meet that mark.

Congrats!

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 10:04:53 GMT

@CreditMagic7 wrote:
12njoy

Your approach is the same as the ambition i been pressing ahead with too, and it's not for the faint of heart but managed intelligently as you obviously have, that effort in and of itself (not always) but can lay just the foundation expected provided of course all goes reasonable well to your favor.
I applaud your approach but like you, don't recommend others to put out their neck given the unpredictability of the timing that has to be precise with contingencies at the ready.

That being said i wish you a first place finish finally in achieving your goal.

I'm impressed and i just know the clock is Ticking in your favor to meet that mark.

Congrats!

Thanks CreditMagic7,

I must say that I couldn't have gotten all this done with geat advice from people such as yourself. I look back and I'm amazed of what I have accommplished in the last 9 months. A year ago I was crying in despair because I couldn't really get any major credit cards. Oh how the tables have turned.

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 13:49:11 GMT

Decided to call Chase to see. Apparently, I was misled last night about the recommendation for approval. The analyst today said that there was no recommendation to approve account. No problem, as I initially didn't expect to get approved for a 3rd card due to all the new activity. This is why card was declined she said due to 18 new accounts in 2013 and six so far this year. So I'm back to trying to do a PC. She said I have a $26.37 balance on my Slate card and that has to be paid first and then they will see if they can close the Slate and open the CSP. I asked if there were anyway to transfer balance or pay over the phone right now. She said I could pay over the phone but the payment has to be posted to my account before we can move forward. I just went ahead and made the payment online. She said it takes 24-48 hours to post. The payment is scheduled for today so it should post tonight at midnight, I hope. We'll try for the CSP once the Slate is paid. I should have known last night's conversation with Chase was too good to be true. As they say, If it sounds to good to be true, it most likely isn't true.

Re: Chase Sapphire Preferred recommended for 1st line approval

DaveSignal — Wed, 02 Apr 2014 13:55:38 GMT

So maybe you should wait a few months to let your accounts age and then try again... instead of doing the PC. You are giving up almost $500 in signup bonus. If I decided to get a CSP, the signup bonus would be my main motivation.

Re: Chase Sapphire Preferred recommended for 1st line approval

12njoy — Wed, 02 Apr 2014 14:06:06 GMT

@DaveSignal wrote:
So maybe you should wait a few months to let your accounts age and then try again... instead of doing the PC. You are giving up almost $500 in signup bonus. If I decided to get a CSP, the signup bonus would be my main motivation.

Customer Service said if I was able to do a PC through the backdoor, I would be eligible for the sign up bonus. I don't think in a few months I will be eligible because not all my new accounts haven't hit my reports yet. My reports will look worse, not better so now is the time to do it. This assumes that I have the correct information which I would reverify before actually doing a PC.

Re: Chase Sapphire Preferred recommended for 1st line approval

09Lexie — Wed, 02 Apr 2014 17:54:24 GMT

@12njoy wrote:
@DaveSignal wrote:
So maybe you should wait a few months to let your accounts age and then try again... instead of doing the PC. You are giving up almost $500 in signup bonus. If I decided to get a CSP, the signup bonus would be my main motivation.
Customer Service said if I was able to do a PC through the backdoor, I would be eligible for the sign up bonus. I don't think in a few months I will be eligible because not all my new accounts haven't hit my reports yet. My reports will look worse, not better so now is the time to do it. This assumes that I have the correct information which I would reverify before actually doing a PC.

You might want to get that in writing via SM. I would be shocked if they grant a sign up bonus through a PC - not even sure what a Backdoor PC means since they are all done by contacting CS