CSP was denied, how to increase my credit score ?

[shokeen]

---

@Patient957 wrote:

---

@shokeen wrote:

---

@Patient957 wrote:

---

@shokeen wrote:

---

@citymunky wrote:

You have what we call a "thin" credit file.  Only two credit lines are yours and your credit age is low. You need to build your credit with opening a few more accounts to show good payment history, but you also need to improve your credit age with time. 

Chase will have another CSP elevated offer most likely next year during the Spring and the year after that. 

---

Would you suggest, not to take a chance and apply again next month ?
Should I keep using my Alaska and Bilt card for various purchase, or add one more card and then apply next year when we see 100k again ?

---

IMO, applying for the CSP again next month would just be burning a HP for nothing.  Your profile needs thickness and most importantly age, and neither of those two things is going to change in one month.

What are the CLs of your BILT and Alaska cards? 

I wouldn't try applying for CSP again until at least a year and you have bulit at least one limit on another card to $5K+ (not an AU card).

For now, I think you can look to add a third credit card to thicken your file, but you need to go for something that is possible with your profile.  Depending on what your scores look like, you might try for one of the Chase Freedom cards.  

I would also check your preapproval staus for Capital One.

---

Credit Limit on Bilt is $3000, and on Alaska it is $7000.

I can apply for any Chase Freedom out of below, if that is suggested to add third card to build more history -
Chase Freedom Rise
Chase Freedom Flex
Chase Freedom Unlimited

I have been getting paper invitation for Chase Sapphire Preferred since few months, so I became hopeful for that :-)

FicoScore on Bank of America via TransUnion shows 835, experian shows 752

---

You're profile is stronger than I thought. 

I would pick either the CFF or CFU.  Use it for a year, get as many CLIs on all 3 cards as you can, then reapply for CSP in a year.   Maybe 6 months, whenever the SUB is elevated again.

I know it sucks to miss this SUB, but if they denied you without even recon ability, then nothing is likely to change in a month, IMO.

---

Thank you. I will follow it

[FicoMike0]

I agree with others, add third card, let time pass. Might try in person branch, just ask for help.

[Thomas_Thumb]

If you are planning to apply for the CSP next year, why get another Chase card now?

For a 3rd card now consider AMEX BCE or a WF product.

[shokeen]

---

@Thomas_Thumb wrote:

If you are planning to apply for the CSP next year, why get another Chase card now?

For a 3rd card now consider AMEX BCE or a WF product.

---

Actually no reason, except it would be an established relationship with Chase. Does it matter in approval chances ?

[Thomas_Thumb]

I think it is best to diversify for a variety of reasons.