topic Re: CSP and Chase exposure in Credit Cards

CSP and Chase exposure

EaglesFan2006 — Wed, 25 Jun 2014 19:15:36 GMT

I've read on here a lot about how Chase has a "ceiling" for customers. I currenlty have 3 Chase cards, but would love to add the CSP. However, I'm afraid of AA being taken on my other Chase cards if I attempt to apply for this and am denied. Is there any precedent for that? I think my overall credit profile is otherwise okay, but I'm a little concerned about this one...

Re: CSP and Chase exposure

Anonymous — Wed, 25 Jun 2014 19:28:30 GMT

You may have reached your limit Chase is willing to extend you looking at your current CL's. Your income would definiltey play a factor into this. The issue is, the CSP is a $5k minimum. Since you have other Chase cards that are not as high as your SW Siggy, they may not be willing to extend you more credit resulting in a denial. You can always recon and move your CL's around, but there doesn't seem to be enough to even move and keep you SW where it is and your other accounts open.

Re: CSP and Chase exposure

Closingracer99 — Wed, 25 Jun 2014 19:42:42 GMT

@EaglesFan2006 wrote:
I've read on here a lot about how Chase has a "ceiling" for customers. I currenlty have 3 Chase cards, but would love to add the CSP. However, I'm afraid of AA being taken on my other Chase cards if I attempt to apply for this and am denied. Is there any precedent for that? I think my overall credit profile is otherwise okay, but I'm a little concerned about this one...

Best option would be PC that Southwest card to a CSP probably

Re: CSP and Chase exposure

09Lexie — Wed, 25 Jun 2014 19:43:39 GMT

@Closingracer99 wrote:
@EaglesFan2006 wrote:
I've read on here a lot about how Chase has a "ceiling" for customers. I currenlty have 3 Chase cards, but would love to add the CSP. However, I'm afraid of AA being taken on my other Chase cards if I attempt to apply for this and am denied. Is there any precedent for that? I think my overall credit profile is otherwise okay, but I'm a little concerned about this one...
Best option would be PC that Southwest card to a CSP probably

And not get the sign up bonus?

Re: CSP and Chase exposure

Closingracer99 — Wed, 25 Jun 2014 19:46:03 GMT

@09Lexie wrote:
@Closingracer99 wrote:
@EaglesFan2006 wrote:
I've read on here a lot about how Chase has a "ceiling" for customers. I currenlty have 3 Chase cards, but would love to add the CSP. However, I'm afraid of AA being taken on my other Chase cards if I attempt to apply for this and am denied. Is there any precedent for that? I think my overall credit profile is otherwise okay, but I'm a little concerned about this one...
Best option would be PC that Southwest card to a CSP probably
And not get the sign up bonus?

Well HE woul obviously lose the Sign up bonus but if he has a $1500 Freedom , $1500 Disney and a $5k Southwest card the chances of him getting approved for a CSP is slim right now. but if he wants a CSP that would be the easiest way

Re: CSP and Chase exposure

09Lexie — Wed, 25 Jun 2014 19:50:37 GMT

@Closingracer99 wrote:
@09Lexie wrote:
@Closingracer99 wrote:
@EaglesFan2006 wrote:
I've read on here a lot about how Chase has a "ceiling" for customers. I currenlty have 3 Chase cards, but would love to add the CSP. However, I'm afraid of AA being taken on my other Chase cards if I attempt to apply for this and am denied. Is there any precedent for that? I think my overall credit profile is otherwise okay, but I'm a little concerned about this one...
Best option would be PC that Southwest card to a CSP probably
And not get the sign up bonus?

Well HE woul obviously lose the Sign up bonus but if he has a $1500 Freedom , $1500 Disney and a $5k Southwest card the chances of him getting approved for a CSP is slim right now. but if he wants a CSP that would be the easiest way

That's assuming he can PC the co-branded card to their CSP. He might have to app and then if declined see if they will allow him to transfer the CL from the SW

Re: CSP and Chase exposure

DaveSignal — Wed, 25 Jun 2014 19:51:52 GMT

@Closingracer99 wrote:
@09Lexie wrote:
@Closingracer99 wrote:
@EaglesFan2006 wrote:
I've read on here a lot about how Chase has a "ceiling" for customers. I currenlty have 3 Chase cards, but would love to add the CSP. However, I'm afraid of AA being taken on my other Chase cards if I attempt to apply for this and am denied. Is there any precedent for that? I think my overall credit profile is otherwise okay, but I'm a little concerned about this one...
Best option would be PC that Southwest card to a CSP probably
And not get the sign up bonus?

Well HE woul obviously lose the Sign up bonus but if he has a $1500 Freedom , $1500 Disney and a $5k Southwest card the chances of him getting approved for a CSP is slim right now. but if he wants a CSP that would be the easiest way

CSP bonus is huge though. Thats the main reason nearly anyone should apply for this card, even if they don't have good use for it otherwise. Without the signup bonus (45k with AU) then I would not seriously consider PC as an option. OP, if you try and don't get it, be sure to try recon. If you want to wait for better chances, then try to get some of your current lines increased to around $5k first.

Re: CSP and Chase exposure

EaglesFan2006 — Wed, 25 Jun 2014 19:55:43 GMT

Thanks all. I'm a little weary to try and increase the Freedom and Disney since they would result in hard pulls. They've been stuck on the same limit since I got them (2 years ago for Freedom, 1 year ago for Disney). SW is newer so maybe it's a good sign that I got that limit. Still, probably better off skipping it then try and go for it with 3 hard pulls. Thanks for the advice.

Re: CSP and Chase exposure

coldnmn — Wed, 25 Jun 2014 19:59:55 GMT

@EaglesFan2006 wrote:
Thanks all. I'm a little weary to try and increase the Freedom and Disney since they would result in hard pulls. They've been stuck on the same limit since I got them (2 years ago for Freedom, 1 year ago for Disney). SW is newer so maybe it's a good sign that I got that limit. Still, probably better off skipping it then try and go for it with 3 hard pulls. Thanks for the advice.

3 hps I thought they did 2 hp max?

Re: CSP and Chase exposure

09Lexie — Wed, 25 Jun 2014 20:00:22 GMT

@EaglesFan2006 wrote:
Thanks all. I'm a little weary to try and increase the Freedom and Disney since they would result in hard pulls. They've been stuck on the same limit since I got them (2 years ago for Freedom, 1 year ago for Disney). SW is newer so maybe it's a good sign that I got that limit. Still, probably better off skipping it then try and go for it with 3 hard pulls. Thanks for the advice.

I wouldn't try for a CLI. If you app and are denied (which you might not be) I would move the Disney Card first.

Re: CSP and Chase exposure

manwoot — Wed, 25 Jun 2014 20:01:44 GMT

If you are declined, when you recon they will tell you you've reached the max exposure they're willing to give you. Happened to me when I applied for my Freedom. I had $5,000 worth of CL moved to the Freedom and closed the other card.

Re: CSP and Chase exposure

j_casteel — Wed, 25 Jun 2014 20:02:21 GMT

Why do you think you hit your ceiling? Low income? Several folks have 3+ Chase cards with 5 figure limits.

Re: CSP and Chase exposure

EaglesFan2006 — Wed, 25 Jun 2014 20:09:21 GMT

I meant 3 HPs because it would be two to try and raise the other 2 limits and one for the CSP..

Thanks Lexie! But what do you mean by "move the Disney line first"

Re: CSP and Chase exposure

EaglesFan2006 — Wed, 25 Jun 2014 20:10:23 GMT

@j_casteel wrote:
Why do you think you hit your ceiling? Low income? Several folks have 3+ Chase cards with 5 figure limits.

I don't know if I have or not...I'm just speculating since I know they have a ceiling.

Re: CSP and Chase exposure

09Lexie — Wed, 25 Jun 2014 20:19:31 GMT

@EaglesFan2006 wrote:
I meant 3 HPs because it would be two to try and raise the other 2 limits and one for the CSP..

Thanks Lexie! But what do you mean by "move the Disney line first"

If you were approved and had to reallocate some CL's, I would move most of the Disney Visa. You can still have the benefits for Disney Parks but get the 2% for travel/dining with the CSP.

Re: CSP and Chase exposure

coldnmn — Wed, 25 Jun 2014 20:19:50 GMT

@EaglesFan2006 wrote:
I meant 3 HPs because it would be two to try and raise the other 2 limits and one for the CSP..

Thanks Lexie! But what do you mean by "move the Disney line first"

She probably meant move it to the Freedom for a better chance of getting the Freedom to $5k

Re: CSP and Chase exposure

EaglesFan2006 — Wed, 25 Jun 2014 20:25:57 GMT

@09Lexie wrote:
@EaglesFan2006 wrote:
I meant 3 HPs because it would be two to try and raise the other 2 limits and one for the CSP..

Thanks Lexie! But what do you mean by "move the Disney line first"
If you were approved and had to reallocate some CL's, I would move most of the Disney Visa. You can still have the benefits for Disney Parks but get the 2% for travel/dining with the CSP.

I have no experience in moving lines, but from what I'm reading it sounds like you are saying that they might deny me, and then if I recon say that they could approve me if I move lines? I'm just trying to picture this scenario so I don't sound like a lost soul if I do call. Or, is moving lines something I should ask about beforehand? I guess I just don't get it because I have 8k in exposure to them now, and I still would if I moved a line around....

Re: CSP and Chase exposure

dodgerslv — Wed, 25 Jun 2014 20:31:20 GMT

@EaglesFan2006 wrote:
@09Lexie wrote:
@EaglesFan2006 wrote:
I meant 3 HPs because it would be two to try and raise the other 2 limits and one for the CSP..

Thanks Lexie! But what do you mean by "move the Disney line first"
If you were approved and had to reallocate some CL's, I would move most of the Disney Visa. You can still have the benefits for Disney Parks but get the 2% for travel/dining with the CSP.
I have no experience in moving lines, but from what I'm reading it sounds like you are saying that they might deny me, and then if I recon say that they could approve me if I move lines? I'm just trying to picture this scenario so I don't sound like a lost soul if I do call. Or, is moving lines something I should ask about beforehand? I guess I just don't get it because I have 8k in exposure to them now, and I still would if I moved a line around....

If you are going to use a HP for a CLI request, i would personally take my chances and use that HP for the CSP. You have history with Chase and you gotta remember they also have their own internal scoring. If you really want the card then just apply for it, you may actually be surprised. If you get the pending message the call right away and let them know that you are willing to reallocate limits or even close a card. It comes down how bad you want the card...good luck and keep us updated if you decide to go for it eagle!

Re: CSP and Chase exposure

09Lexie — Wed, 25 Jun 2014 20:33:19 GMT

@dodgerslv wrote:
@EaglesFan2006 wrote:
@09Lexie wrote:
@EaglesFan2006 wrote:
I meant 3 HPs because it would be two to try and raise the other 2 limits and one for the CSP..

Thanks Lexie! But what do you mean by "move the Disney line first"
If you were approved and had to reallocate some CL's, I would move most of the Disney Visa. You can still have the benefits for Disney Parks but get the 2% for travel/dining with the CSP.
I have no experience in moving lines, but from what I'm reading it sounds like you are saying that they might deny me, and then if I recon say that they could approve me if I move lines? I'm just trying to picture this scenario so I don't sound like a lost soul if I do call. Or, is moving lines something I should ask about beforehand? I guess I just don't get it because I have 8k in exposure to them now, and I still would if I moved a line around....
If you are going to use a HP for a CLI request, i would personally take my chances and use that HP for the CSP. You have history with Chase and you gotta remember they also have their own internal scoring. If you really want the card then just apply for it, you may actually be surprised. If you get the pending message the call right away and let them know that you are willing to reallocate limits or even close a card. It comes down how bad you want the card...good luck and keep us updated if you decide to go for it eagle!

^^this

Re: CSP and Chase exposure

EaglesFan2006 — Wed, 25 Jun 2014 20:38:23 GMT

@09Lexie wrote:
@dodgerslv wrote:
@EaglesFan2006 wrote:
@09Lexie wrote:
@EaglesFan2006 wrote:
I meant 3 HPs because it would be two to try and raise the other 2 limits and one for the CSP..

Thanks Lexie! But what do you mean by "move the Disney line first"
If you were approved and had to reallocate some CL's, I would move most of the Disney Visa. You can still have the benefits for Disney Parks but get the 2% for travel/dining with the CSP.
I have no experience in moving lines, but from what I'm reading it sounds like you are saying that they might deny me, and then if I recon say that they could approve me if I move lines? I'm just trying to picture this scenario so I don't sound like a lost soul if I do call. Or, is moving lines something I should ask about beforehand? I guess I just don't get it because I have 8k in exposure to them now, and I still would if I moved a line around....
If you are going to use a HP for a CLI request, i would personally take my chances and use that HP for the CSP. You have history with Chase and you gotta remember they also have their own internal scoring. If you really want the card then just apply for it, you may actually be surprised. If you get the pending message the call right away and let them know that you are willing to reallocate limits or even close a card. It comes down how bad you want the card...good luck and keep us updated if you decide to go for it eagle!
^^this

Thanks all! I'm going to take a day or two to make sure I want to go for it. I'll be sure to let everyone know the verdict once I do!