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Chase Sapphire Preferred application

avkhatri101
Member

Chase Sapphire Preferred application

Hello everyone,

I applied for Chase Sapphire Preferred card on December 29, 2018. I wasn't approved or denied instantly, and Chase required more time for decision. I received a letter from Chase on January 3rd requesting a copy of Social Security card and I sent it right away. Phone status says that I will receive a written decision within 30 days of application.

I have a credit history of 1 year and 0% credit utilization. They pulled Transunion and Experian and my scores at the time were 730 and 732 respectively. Do I have a chance of being approved?

Starting FICO 8 Scores (6/20/2018): TU 771, EQ 735, EX 730
Current FICO 8 Scores (07/06/2020): TU 746, EQ 761, EX 760
Inquiries (6/10/2020): TU 5, EQ 3, EX 5
STARTING since 12/27/2017

Message 1 of 6
5 REPLIES 5
Priory_Man
Established Contributor

Re: Chase Sapphire Preferred application

How many other cards do you have, and have you opened any new TL's recently?





~~ Former Royal Navy Submariner - Proud to have served ~~
Message 2 of 6
avkhatri101
Member

Re: Chase Sapphire Preferred application

I had 4 cards at the time of application: Discover it with $1000, AmEx BCE with $4800, Deserve Edu with $800 and Amazon Prime Store Card with $2300.
I still same 4 cards and I had 1 hp on TU and 3 hps on EX.
And no I haven't opened any TL for like seven months.
Starting FICO 8 Scores (6/20/2018): TU 771, EQ 735, EX 730
Current FICO 8 Scores (07/06/2020): TU 746, EQ 761, EX 760
Inquiries (6/10/2020): TU 5, EQ 3, EX 5
STARTING since 12/27/2017

Message 3 of 6
Meskini
New Contributor

Re: Chase Sapphire Preferred application

You should be fine and worst case scenario if you get denied you can always recon. I did the same thing and worked for me. 30 days is much better than the message 7-10 days for sure.

 

Good luck!



We live and learn!
Message 4 of 6
CreditInspired
Super Contributor

Re: Chase Sapphire Preferred application

If you do have to go recon route—hopefully you don’t—ask if it’s another HP. IME, Chase loves to HP.

DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 5 of 6
Priory_Man
Established Contributor

Re: Chase Sapphire Preferred application

So you are below the 5/24, I would think you will be OK. 

If not, as others have said you could always recon.

Good luck.






~~ Former Royal Navy Submariner - Proud to have served ~~
Message 6 of 6
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