Chase sapphire reserve application status

Anonymous · ‎08-23-2016

Hello All,

So i decided to apply for this card knowing that my credit score is about 690 with a BK back in 2011. i have no late payments since then.I got the message that stated that it was being reviewed. I decided to call the lending department since recon couldn't help me because it was in review and i was able to speak with an agent who advised that i have been denied because of the 5/24 rule. I advised him that most of the new cards opened in the past 24 months were authorized users, he took a look and said it was a total of 7 but then 4 were authorized, he then put me on hold to check my report. He comes back and tells me let me ask you a few questions regarding income, i stated 196k a year and own my home, followed by my balances on 5 cards which are roughly 65% utilized. He then states ok let me notate your account, he comes back on and tells me that he will submit the application to "final review/approval department and that i should know in 2 weeks.

Has anyone had luck with the final review/approval? does that mean i actually have a good chance of getting approved? They did not ask questions about my BK.

I really want this card as i will now start traveleing more for work.

All the help and feedback is appreciated.

Thanks

Anonymous · ‎08-23-2016

Welcome to the board. It means you have a 50/50 shot. If you didn't burn Chase in your BK, then you have a 70% chance. The analyst is likely seeking a second review from a supervisor to make sure nothing is missed.

Will keep fingers crossed for you.

Anonymous · ‎08-23-2016

thanks for the warm welcome, look forward to posting more. I really hope i get this as i want to only have cards under my own name. I have a really good relationship with capital one which gave a 20k limit on Venture. Keeping fingers crossed as well. thanks.

Anonymous · ‎08-23-2016

@Anonymous wrote:
thanks for the warm welcome, look forward to posting more. I really hope i get this as i want to only have cards under my own name. I have a really good relationship with capital one which gave a 20k limit on Venture. Keeping fingers crossed as well. thanks.

Glad you plan on sticking around. With your salary and the analyst not denying you, you definately have a shoe in. Remember, you have 30 days to get it approved. So plenty of time for a rebuttal. Update the thread when you hear back as I am following.

Anonymous · ‎08-23-2016

will do. thanks.

Anonymous · ‎08-23-2016

Good luck, but I think the 65% utilization is going to hurt your chances.

takeshi74 · ‎08-26-2016

@Anonymous wrote:
So i decided to apply for this card knowing that my credit score is about 690 with a BK back in 2011.

One problem

@Anonymous wrote:
my balances on 5 cards which are roughly 65% utilized.

Another serious problem. Keep in mind that the general recommendation is do not exceed 30% and that's far from ideal.

Good luck with it but temper your expectations given the above.