CSP Approval

[Anonymous]

I have relatively good across the board scores (728, 719, 727), with almost zero utilization (one small balance reported on one card). However, I did have a recent 30 day late (Dec 2014).

My credit limits are $3,000 Citi Dividend, $1,500 Capital One Plainum, and a closed account at a local credit union that had a credit limit of $5,000. 

I know my credit score is good enough for CSP approval, but I assume the very recent 30 day late is hurting me.

I also have a six figure income, which is a new development. I'm confident that my credit limits will increase as I continue to run a lot of money through the cards while PIF.

CSP is NOT currently showing in my preqal section on the Chase website, just the Freedom and Slate.

How bad does it hurt me in the long run if I app for the CSP now and get denied? Is it worth it? I REALLY want a card with good travel and dining rewards, because of the nature of my job I am putting a lot of reimbursed spend in those categoties. It SUCKS to be not getting any rewards on all that spend so it feels that every week that goes by is costing me money.

[CreditCuriosity]

I think you are golden, even though the CSP isn't showing in your pre-quals...  You are in the 700's already have a 5k CL reporting, good income..  What is your AAoA and oldest CC acount?

[Anonymous]

The recent 30 day late will cause problems..

[CreditCuriosity]

---

@Anonymous wrote:

The recent 30 day late will cause problems..

---

guess what is the definition of recent 30 day....Not sure if that would be a deal breaker or not?  Amazing how one SMALL mistake can possibly hurt you so badly after years of great behavior..  IMO the model is kinda messed up w/regards to that and should mave a "Muligan" type of thing for something so simple as a 30 day late mistake.

[Anonymous]

---

@CreditCuriousity wrote:

---

@Anonymous wrote:

The recent 30 day late will cause problems..

---

guess what is the definition of recent 30 day....Not sure if that would be a deal breaker or not?  Amazing how one SMALL mistake can possibly hurt you so badly after years of great behavior..  IMO the model is kinda messed up w/regards to that and should mave a "Muligan" type of thing for something so simple as a 30 day late mistake.

---

Yes and no.  It's not like you forgot to make the payment by one or a couple days.  A whole month goes by before they report you late.  

[CreditCuriosity]

---

@Anonymous wrote:

---

@CreditCuriousity wrote:

---

@Anonymous wrote:

The recent 30 day late will cause problems..

---

guess what is the definition of recent 30 day....Not sure if that would be a deal breaker or not?  Amazing how one SMALL mistake can possibly hurt you so badly after years of great behavior..  IMO the model is kinda messed up w/regards to that and should mave a "Muligan" type of thing for something so simple as a 30 day late mistake.

---

Yes and no.  It's not like you forgot to make the payment by one or a couple days.  A whole month goes by before they report you late.  

---

I agree about the whole month.. Just stating you can do things right for 10 years and have one small mess up and be ruined for years....Just unbalanced as I said in my original post IMO..  30's aren't the end of the world, but they do hurt indeed.  Just don't completly believe in the current FICO model, but it is what we have to live by since it is essence a monopoly. 

[Anonymous]

---

@CreditCuriousity wrote:

---

@Anonymous wrote:

---

@CreditCuriousity wrote:

---

@Anonymous wrote:

The recent 30 day late will cause problems..

---

guess what is the definition of recent 30 day....Not sure if that would be a deal breaker or not?  Amazing how one SMALL mistake can possibly hurt you so badly after years of great behavior..  IMO the model is kinda messed up w/regards to that and should mave a "Muligan" type of thing for something so simple as a 30 day late mistake.

---

Yes and no.  It's not like you forgot to make the payment by one or a couple days.  A whole month goes by before they report you late.  

---

I agree about the whole month.. Just stating you can do things right for 10 years and have one small mess up and be ruined for years....Just unbalanced as I said in my original post IMO..  30's aren't the end of the world, but they do hurt indeed.  Just don't completly believe in the current FICO model, but it is what we have to live by since it is essence a monopoly. 

---

I agree.  It does suck but alas it's what we have.  Without getting too far of course I think there are improvements coming in the future with small medical collections not hurting as much as in the past and future models counting utility and rent payments.  Be interesting to see as well if there is competition between Fico and Vantage.

[Anonymous]

---

@CreditCuriousity wrote:

I think you are golden, even though the CSP isn't showing in your pre-quals...  You are in the 700's already have a 5k CL reporting, good income..  What is your AAoA and oldest CC acount?

---

I didn't have a prequal for CSP and I got it last week and was instantly approved.

[CreditCuriosity]

---

@Anonymous wrote:

---

@CreditCuriousity wrote:

I think you are golden, even though the CSP isn't showing in your pre-quals...  You are in the 700's already have a 5k CL reporting, good income..  What is your AAoA and oldest CC acount?

---

I didn't have a prequal for CSP and I got it last week and was instantly approved.

---

I know I am agreeing with you