Chase CSP offer in account - take it or wait?

[Anonymous]

I've been working hard on rebuilding my credit, and i'm expected to get my score to 700 with the next update - which was a goal of mine, on my way to getting the CSP for upcoming expenses. I am ideally looking for the CSP with a limit of around $10k, and just today I saw the offer in my Chase account. I currently hold the Freedom, and have since February 2018. 

Do I take the offer from Chase, as soon as I hit 700 (I just paid down my Freedom to $0 for the credit report update) in hopes of approval, then double dip and apply for the CSR? Has anyone been denied after applying through one of these Chase offers? Would love to know what to do next! Thank you! 

[Anonymous]

From what I understand, You can only have 1 Chase Sapphire product at a time; either a CSP or a CSR, but not both. I could be wrong, though...

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@Anonymous

[Anonymous]

You can only hold one sapphire product at the same time. If you want the reserve just apply for the reserve. There's basically no sense in having both anyway

[Anonymous]

Yes, while you can only hold one Sapphire, you are able to double dip and apply for both on the same day - if approved for both, you can get around it. I would do this for the signup bonuses as both cards offer $50k.

[Anonymous]

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@Anonymous wrote:

I've been working hard on rebuilding my credit, and i'm expected to get my score to 700 with the next update - which was a goal of mine, on my way to getting the CSP for upcoming expenses. I am ideally looking for the CSP with a limit of around $10k, and just today I saw the offer in my Chase account. I currently hold the Freedom, and have since February 2018. 

Do I take the offer from Chase, as soon as I hit 700 (I just paid down my Freedom to $0 for the credit report update) in hopes of approval, then double dip and apply for the CSR? Has anyone been denied after applying through one of these Chase offers? Would love to know what to do next! Thank you! 

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Cuddlepot,

If you are expecting your score to hit 700, then wait until that happens and apply for the card that you like then. That way you can get a better SL and APR.

There are multiple threads on here where experts have broken down the cost-benefit analysis between the CSP and the CSR cards.

And yes, you can only have one Sapphire product at one time.

Good luck!

[Anonymous]

I don't know where you're getting this information but you're likely to be very dissappointed if you think you can double-dip on UR Points.

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@Anonymous wrote:
Yes, while you can only hold one Sapphire, you are able to double dip and apply for both on the same day - if approved for both, you can get around it. I would do this for the signup bonuses as both cards offer $50k.

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[Anonymous]

Hi OP,

1. You can only have 1 sapphire product, if you apply for the CSR after the CSP (if you get approved), you will get denied.

2. if you get denied for the CSP, most likely you'll get denied for the CSR

3. IF you get approved for both, will you be able to meet the spending of $4k for the CSP and $4k for the CSR? That's $8k in three months 

4. No sense of having both

[Anonymous]

It’s not on points - but you are able to apply for both sapphires on the same day and if approved, you can have both. There are many threads about people doing just this to get both sapphires.

[Anonymous]

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@Anonymous wrote:
It’s not on points - but you are able to apply for both sapphires on the same day and if approved, you can have both. There are many threads about people doing just this to get both sapphires.

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It's not on points? what do you mean?

It's a hit or miss, not guarantee to get both.  Report back when you apply.

[Anonymous]

I’ve followed and kept up on a lot of churning boards - and yes, this is something people do and get approved for (both cards at the same time). While you obviously can’t double dip points over two cards you can apply for two on the same day. Spending $8k in 3 months is simple for me, especially due to upcoming expenses I want to maximize.

That’s not even what the point of this thread is, though - what I’m curious about is if I should take the offer now or wait (do they go away?) and if anyone has been denied by Chase after having an offer for a card.