An 810 ex fico 8 1/24, a 16k pre-approved offer and an existing credit relationship.
Your profile, your level of risk but if it were me I'd shoot my shot.
A Chase pre-approval is as solid as you get @VintageMel. Go for it. The new lease will have no effect whatsoever. My last pre-approval with them got me a $50,000 Ink Preferred. So go for it
I'm with the others here and agree your new lease should have no harmful effect to a Chase approval once it hits your reports.
@VintageMel wrote:Towards the begining of March I leased a new car through Subaru Motors Finance (which is through Chase). Since then I've decided that I'd really like to apply for a CSP. I've had a pre-approval for that card showing up in the Chase app for several months, although the credit line they are offering me recently bumped up from $12k to $16k. Two things happened right before they bumped it up that may have influnced increase: I updated my income in the app, and my old car lease showed up in my credit reports as paid and closed.
My new lease doesn't appear to be on my credit reports yet (basing this on CK, and Experian app). It is showing up in the Chase app but I'm not sure that means it's being factored in to the CSP pre-approval.
Knowing that Chase likes to check up on you after opening new credit cards, is the new car lease likely to trigger any adverse action? Or should I just wait for the lease to report and see if the pre-approval for the CSP is still showing up before I apply?
No, you renewed your lease so it's not going to affect you. It's essentially a replacement or swap of one for one. Chase reports the total payments anyway so it's not a large opening balance.
I've been sitting on a $50K preapproval through Subaru Motors Fiance in my Chase account for months even after opening a new card with Chase and I've had 7 Chase leases rotate in and out for the last 8 years without affecting any approvals or recent line increases or even a new CSP.
Niiiiiiiice. Congrats on the new addition!
