Chase Sapphire Preferred - Preapproval Chances?

[Anonymous]

Hey Guys,

So I have great input and advice from you all since I really started participating on this forum. I have been working on my credit for the past year, and I'm finally getting to a barely decent spot. I recently signed up for the free credit score with Chase Credit Journey. The TU score that they show is 636 (which I know is a bit lower than what my actualy FICO is), but when I logged in and saw that I have been preapproved for 3 cards: Freedom Unlimited, Slate, and the Chase Sapphire Preferred. I have been wanting to get the CSP for a VERY long time and I didn't think that I had the correct DPs get actually get it. My question to the community is what are my chances of actually getting approved if I am seeing this show up in the "prequalified offers for you" and the meter says that my approval odds are "good" for all 3 cards? Any advice or information that you may have would be extremely helpful. I would like to try and avoid any unnecessary HPs if I can.

[Remedios]

Hello and welcome to the forums

Chase will approve even with lower scores.
Where you are in respect to 5/24, utilization and whatever is keeping your scores on the lower end will be by far more detrimental than just a number
Credit Journey prequals are okay, slightly less reliable than green checkmark,but even with those, it ain't over till HP(s).
If this card would be beneficial to you, go for it. There are no guarantees even with preapproval, so go for it. It's just a hard pull or two.
I've seen them approve CSR with scores in 650s with open charge offs, so anything is possible. Wont know till you try.
If you're denied by any chance, at least you'll know what needs to happen before they will approve
Be brave and good luck!

[Anonymous]

I will second what Remi said. Chase threw CSP preapprovals to me when I didn't think I was anywhere near "ready." They threw one to me with about 9 months of active credit with them. I would say go for it. If you can support the spend, run a lot through it. They started me at the minimum SL at 5000. After running a ton through it and paying off immediately they got me to 7500, then 13500, and then 20500 on auto CLIs alone. If you use the CSP wisely and keep building with them, it can reap rewards.

[Anonymous]

I believe I am currently sitting at 3/24 and my overall util is at 19%. The only negatives that I have are a couple of 30 day late payments from 12+ months ago now. And for whatever reason my mortgage company did 6 inquiries during the last 6 months (which puts my overall iquiries at 7/8 for the last 12 months)

[Remedios]

Those lates are pretty recent. 

If you have existing relationship with Chase, you may want to stop by the branch and see if there are any preapprovals.

If you don't, I'd wait till lates reach two years. I am not saying that you cannot get approved right now, but that approval probably would not be under the best terms