topic Re: Scores for Chase Sapphire Preferred? in Credit Cards

Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 04:54:40 GMT

Any general threshold? 700? 720? I know some of you thought I had good odds of getting approved but I'm just curious to see what score you guys got approved (or denied) for.

Re: Scores for Chase Sapphire Preferred?

duckfan4life — Tue, 08 Apr 2014 02:24:00 GMT

They pulled both Experian and Equifax for me. I was at 740 on Equifax and 670 on Experian (In process of cleaning up credit, hence the vast difference in the two scores). I was approved for $8K. Salary is about $130K annually.

This was also my first Visa Signature type card (above 5K).

Hope that helps.

Re: Scores for Chase Sapphire Preferred?

Transmogrifying_Bee — Tue, 08 Apr 2014 03:58:30 GMT

@Shock wrote:
Any general threshold? 700? 720? I know some of you thought I had good odds of getting approved but I'm just curious to see what score you guys got approved (or deied) for.

Statistics from Credit Karma indicate the following information for cardholders (1706 sample size) successful in obtaining the Chase Sapphire Preferred card:

1. Average Credit Score: approx. 743 - 744

2. Percent of Cardholders in Credit Score Range Groups:

> 750 55%

701 - 750 31%

651 - 700 10%

601 - 650 3%

550 - 600 1%

Hope this helps!

Re: Scores for Chase Sapphire Preferred?

Revelate — Tue, 08 Apr 2014 04:01:38 GMT

680 or thereabouts.

I suspect if I had asked today at Chase I would've been pre-approved at a FICO of 670-680 for both '04 and '08 models, picked up a 5K business card on a pre-approval but admittedly I have been using Chase as my primary bank for the last nearly two years and at one point flirted with CPC minimum on deposit so that might have skewed things in my favor.

Re: Scores for Chase Sapphire Preferred?

mfoxxx — Tue, 08 Apr 2014 04:02:27 GMT

I was just approved two days ago, they pulled Equifax, score 704. I was approved for 12,500.

Re: Scores for Chase Sapphire Preferred?

Anonymous — Tue, 08 Apr 2014 04:19:30 GMT

I was approved in October 2011 with a Fico of 680 at that time. Transunion was pulled for me. If you have an existing banking relationship with Chase at the time of applying, and are borderline, I've found that will help you plead your case via an analyst if initally denied. Best of luck if you decide to apply!

Re: Scores for Chase Sapphire Preferred?

Anonymous — Tue, 08 Apr 2014 04:38:38 GMT

I was instantly approved for 5K and they pulled EQ which is currently 650 and 32 inquiries, 12 in the past 12 months. I did have 10K plus with them already though with positive payment history.

Re: Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 04:58:15 GMT

This makes me wonder...they double pulled me (EX EQ) here in San Francisco on both my Amazon and Freedom. Mind you, my credit limits are much much better now than when I applied for the two. Is this their policy to double pull or will a better credit file only warrant one pull?

Re: Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 05:01:53 GMT

@Transmogrifying_Bee wrote:
@Shock wrote:
Any general threshold? 700? 720? I know some of you thought I had good odds of getting approved but I'm just curious to see what score you guys got approved (or deied) for.
Statistics from Credit Karma indicate the following information for cardholders (1706 sample size) successful in obtaining the Chase Sapphire Preferred card:

1. Average Credit Score: approx. 743 - 744

2. Percent of Cardholders in Credit Score Range Groups:

     > 750              55%

     701 - 750     31%

     651 - 700     10%

     601 - 650      3%

     550 - 600     1%

Hope this helps!

Helpful yes, but bad news for me! Haha. Honestly I don't know if I would trust CK stats, but as a very general guideline. They initially "recommended the Freedom" which subsequently led to a denial...

Re: Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 05:02:57 GMT

Do you have any other existing Chase cards or banking accounts?

Re: Scores for Chase Sapphire Preferred?

Creditaddict — Tue, 08 Apr 2014 05:05:03 GMT

@Shock wrote:
Do you have any other existing Chase cards or banking accounts?

They seem to LOVE current cardholders and issue HUGE CL's evident of my partners instant approval of $27k (he has Freedom already for $10,500)

Re: Scores for Chase Sapphire Preferred?

09Lexie — Tue, 08 Apr 2014 05:05:08 GMT

@Shock wrote:
This makes me wonder...they double pulled me (EX EQ) here in San Francisco on both my Amazon and Freedom. Mind you, my credit limits are much much better now than when I applied for the two. Is this their policy to double pull or will a better credit file only warrant one pull?

Hard to say, I've only been pulled once for all of my cc's. Freedom, UMPE, ( CSP, Ritz -DH' is primary) for both CS +750 - income $162k

Re: Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 05:13:45 GMT

@Creditaddict wrote:

They seem to LOVE current cardholders and issue HUGE CL's evident of my partners instant approval of $27k (he has Freedom already for $10,500)

Hmmm...Considering my Amazon was initially issued at $400, and was $700 when I apped for the Freedom a year later, a history of perfect payments only got me $500 dollar start limit

Re: Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 05:15:04 GMT

@09Lexie wrote:

Hard to say, I've only been pulled once for all of my cc's. Freedom, UMPE, ( CSP, Ritz -DH' is primary) for both CS +750 - income $162k

Thanks Lexie. I will anticipate a double pull unless my score is over 750

Re: Scores for Chase Sapphire Preferred?

One7 — Tue, 08 Apr 2014 05:19:05 GMT

I was approved not long ago instantly online for 5k. They pulled EX for me and my score was 660 with 22 INQs. I had a paid collection from 2007 and then a week later got approved for 5k for their Marriott Premier Rewards. I've been banking with them for about a year and had my Freedom card for 4 months. I'm sure that helped. My score jumped up tremendously a month after when the 10,000 CLs were added to my reports and my baddie fell off. My utilization was at 10% and just had my new Citi TYP card report (5k limit which I hear is necessary to have at least one card with a 5k or higher before CSP is even considered). Good luck

Re: Scores for Chase Sapphire Preferred?

Vegas247 — Tue, 08 Apr 2014 05:27:39 GMT

@Shock wrote:
@09Lexie wrote:
Hard to say, I've only been pulled once for all of my cc's. Freedom, UMPE, ( CSP, Ritz -DH' is primary) for both CS +750 - income $162k
Thanks Lexie. I will anticipate a double pull unless my score is over 750

Shock! My man! Are you getting a CSP? You will get it I'm sure.

Re: Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 05:30:36 GMT

@One7 wrote:
I was approved not long ago instantly online for 5k. They pulled EX for me and my score was 660 with 22 INQs. I had a paid collection from 2007 and then a week later got approved for 5k for their Marriott Premier Rewards. I've been banking with them for about a year and had my Freedom card for 4 months. I'm sure that helped. My score jumped up tremendously a month after when the 10,000 CLs were added to my reports and my baddie fell off. My utilization was at 10% and just had my new Citi TYP card report (5k limit which I hear is necessary to have at least one card with a 5k or higher before CSP is even considered). Good luck

This gives me hope...my 16.6 AMEX limit hasnt reported yet, but my initial 7k limit has. Do you think that will make a difference in approval odds?

Re: Scores for Chase Sapphire Preferred?

09Lexie — Tue, 08 Apr 2014 05:31:55 GMT

@Shock wrote:
@One7 wrote:
I was approved not long ago instantly online for 5k. They pulled EX for me and my score was 660 with 22 INQs. I had a paid collection from 2007 and then a week later got approved for 5k for their Marriott Premier Rewards. I've been banking with them for about a year and had my Freedom card for 4 months. I'm sure that helped. My score jumped up tremendously a month after when the 10,000 CLs were added to my reports and my baddie fell off. My utilization was at 10% and just had my new Citi TYP card report (5k limit which I hear is necessary to have at least one card with a 5k or higher before CSP is even considered). Good luck
This gives me hope...my 16.6 AMEX limit hasnt reported yet, but my initial 7k limit has. Do you think that will make a difference in approval odds?

Income will matter too ESP if you are borderline

Re: Scores for Chase Sapphire Preferred?

Shock — Tue, 08 Apr 2014 05:32:58 GMT

Vegas247 wrote:

Shock! My man! Are you getting a CSP? You will get it I'm sure.

Really considering it...but my Freedom has 5% back on food right now..and I will milk that sucker first. Will also raise my internal score with Chase before apping!

Re: Scores for Chase Sapphire Preferred?

vpae — Tue, 08 Apr 2014 05:34:33 GMT

@Shock wrote:
This makes me wonder...they double pulled me (EX EQ) here in San Francisco on both my Amazon and Freedom. Mind you, my credit limits are much much better now than when I applied for the two. Is this their policy to double pull or will a better credit file only warrant one pull?

I'm also in the bay area and Chase double puled EX/EQ for my CSP when I apped last year, I had myFico EX 817/ EQ 802. I apped a few days later for the Freedom and Chase double pulled EX/TU, myFico TU 776 (one account randomly comes and goes). I apped for the Hyatt 2 weeks ago and Chase double pulled EX/EQ myFico EX 767 / EQ 755.

My highest CL at the time of CSP was $10K, approved for $10K. Freedom approved for $13K. Hyatt was just approved for $10K.

I had a bit of a history with Chase in the past, so that may or may not warrant double pulls... I have no idea. But my scores, low util, no baddies, good size CLs, didn't seem to make a difference and still cost me 2 HP per app w/Chase.

Hope ths helps