CSR Chances?

[MarcusFarcus]

Hi Folks,

Hey there! As someone who has been following this community for a while, I've learned so much about credit and discovered some amazing credit card options thanks to all the helpful folks here. I wanted to reach out and ask for your input on my chances of getting approved for Chase's Sapphire Reserve card but I'm a bit weary. Here are some DPs that might give you a better idea. I'd really appreciate your insights.

FICO 8's:  EX: 775, EQ: 793, TU: 781

Journey: 771

Annual Income: $135k
DTI: 28%
Credit usage: 1% (PIF before statement cut)

Inquires: EX: 4, EQ: 2, TU: 2

Chase Amazon: $16k, Opened: 5/26/22

Amex Gold: NPSL, Opened: 1/28/22

Citi AAdvantage: $15,600, Opened 1/23/22

Amex BCP (AU): $25k, Opened: 1/28/22

Apple Card: $21k, Opened: 5/11/21

CapOne Venture: $12k, Opened: 1/8/21

NFCU More Amex: $25k, Opened 8/2/20

NFCU Flagship: $38k, Opened 1/7/19

Discover IT: $28k, Opened 3/5/17

BMW Lease opened 1/7/22

I think I'm just under 5/24. Any advice would be greatly appreciated! 

[Jordan23ww]

For the most part looking at your data points I think your chances at approval are very high. The only thing I'd caution you on is you might want to wait until June 1 to apply. Some have suggested when you drop to 4/24 to wait at least until the 1st day of the following month to apply to guarantee your 4/24 status is recognized by Chase. It looks like you hit 4/24 in May 2023 so waiting until June 1 should help your approval chances even more.  Best wishes to you if/when you decide to apply! 

[MarcusFarcus]

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@Jordan23ww wrote:

For the most part looking at your data points I think your chances at approval are very high. The only thing I'd caution you on is you might want to wait until June 1 to apply. Some have suggested when you drop to 4/24 to wait at least until the 1st day of the following month to apply to guarantee your 4/24 status is recognized by Chase. It looks like you hit 4/24 in May 2023 so waiting until June 1 should help your approval chances even more.  Best wishes to you if/when you decide to apply! 

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Great, thank you for the info! I'll wait until 6/1 or after. I was hoping for a similar sub like Sapphire Preferred's 80k bonus but I have a feeling that's not going to be happening anytime soon. 

[coldfusion]

You check off all of the right boxes, because of the DTI figure I suspect there's a possibility you may get deferred for manual review but even if the worst case senario plays out and you're denied you absolutely 100% should recon the decision. 

[MarcusFarcus]

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@coldfusion wrote:

You check off all of the right boxes, because of the DTI figure I suspect there's a possibility you may get deferred for manual review but even if the worst case senario plays out and you're denied you absolutely 100% should recon the decision. 

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Thank you! Would that be the 30 day message I see many users refer to? I received that result after applying for the Amazon Prime Visa. About 2 weeks later, I received a letter to call them and was subsequently approved. We also have a checking and savings with them and have had a brokerage account JP Morgan for years. 

[coldfusion]

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@MarcusFarcus wrote:

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@coldfusion wrote:

You check off all of the right boxes, because of the DTI figure I suspect there's a possibility you may get deferred for manual review but even if the worst case senario plays out and you're denied you absolutely 100% should recon the decision. 

---

Thank you! Would that be the 30 day message I see many users refer to? I received that result after applying for the Amazon Prime Visa. About 2 weeks later, I received a letter to call them and was subsequently approved. We also have a checking and savings with them and have had a brokerage account JP Morgan for years. 

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With Chase, 30 days roughly translates to "your application is in the queue to have an analyst look at".   It can take them < 10 minutes to review and approve (based on personal experience) or as in your case it can take a couple of weeks, it shouldn't be viewed in either a positive or negative light.

If there's a status change to 14 days/2 weeks the inference is that there was an initial positive review that needs a final signoff by an empowered analyst.   That almost always leads to an approval although occasionally the final outcome is a denial.

7/10 days could mean a denial but could also mean additional verification is needed, typically that they need to confirm that it was really you that submitted the application.  

[SouthJamaica]

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@MarcusFarcus wrote:

Hi Folks,

Hey there! As someone who has been following this community for a while, I've learned so much about credit and discovered some amazing credit card options thanks to all the helpful folks here. I wanted to reach out and ask for your input on my chances of getting approved for Chase's Sapphire Reserve card but I'm a bit weary. Here are some DPs that might give you a better idea. I'd really appreciate your insights.

FICO 8's:  EX: 775, EQ: 793, TU: 781

Journey: 771

Annual Income: $135k
DTI: 28%
Credit usage: 1% (PIF before statement cut)

Inquires: EX: 4, EQ: 2, TU: 2

Chase Amazon: $16k, Opened: 5/26/22

Amex Gold: NPSL, Opened: 1/28/22

Citi AAdvantage: $15,600, Opened 1/23/22

Amex BCP (AU): $25k, Opened: 1/28/22

Apple Card: $21k, Opened: 5/11/21

CapOne Venture: $12k, Opened: 1/8/21

NFCU More Amex: $25k, Opened 8/2/20

NFCU Flagship: $38k, Opened 1/7/19

Discover IT: $28k, Opened 3/5/17

BMW Lease opened 1/7/22

I think I'm just under 5/24. Any advice would be greatly appreciated! 

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As others have said, I think your chances will be good next month.

Since you're already a Chase member you might want to keep your eyes open on the site for a preapproval.  But I don't think you need to wait for one to apply.

[Jordan23ww]

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@MarcusFarcus wrote:

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@Jordan23ww wrote:

For the most part looking at your data points I think your chances at approval are very high. The only thing I'd caution you on is you might want to wait until June 1 to apply. Some have suggested when you drop to 4/24 to wait at least until the 1st day of the following month to apply to guarantee your 4/24 status is recognized by Chase. It looks like you hit 4/24 in May 2023 so waiting until June 1 should help your approval chances even more.  Best wishes to you if/when you decide to apply! 

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Great, thank you for the info! I'll wait until 6/1 or after. I was hoping for a similar sub like Sapphire Preferred's 80k bonus but I have a feeling that's not going to be happening anytime soon. 

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@MarcusFarcus  you're welcome! I definitely understand wanting that 80K offer.  I wish it didn't just expire.  I'm not sure how long it'll take them to offer something that great again.🙁

[MarcusFarcus]

Hi Folks,

Thank you all the help! I applied today and I was approved after calling customer service and verifying my identity when receiving an "in review" response. 

$31,500

22.24%

This is my highest starting limit ever.  Thank you all! 

[coldfusion]

Congratulations on the approval - that's a top tier starting limit to boot.