UPDATED!!! Chase Sapphire Preferred, prequalified on just for you, solid apr. you think it's solid

[Reazon]

hello all

some DPs

oldest account =11 months

newest account = 4 months

average account = 6 months

I just checked the just for you section on my chase banking account, and to my surprise i see a prequalified offer for the CSP with a solid APR of 25.24%.  I haven't seen these prequals before on my banking account.

CSP is a goal card, just getting into the rewards cards.

Does anyone think I have a solid chance for approval?

my issue would be my file

CapQS 5months 0/500

Discover secured 4 months 0/300

RC Willey 11 months(store card) 16/300

amex delta gold 1 month( has not reported yet) 0/2000

no baddies, never late

exp fico 8 697

eq fico 8 706

tu fico 8 710

sorry for the poor grammar, always in a hurry.

thanks to everyone here on this site, greatly appreciated

eq 

[Anonymous]

Based on the information you provided, you are better off waiting a bit.  That APR is high for the CSR.

[Omw800]

If you have no inquiries, i say go for it. I was in the same position ir at least very similar as you but I took the plunge and was approved for $9500. I bank with chase and had a offer for CSP. I have to other card with them
Slate - $600 6 years and freedom-$2000 4 years, no credit increases. Now I have a CSP.
Just keep in mind if you’re approved any request for a CLI will be a hard pull unless they give you auto luv and they are very conservative on lending. Good luck 🍀

[Omw800]

It’s super earlier for me , I’m sorry, I just saw your AAoA. I would hold off a few months or go to the bank and see if they have the same pre approval.

[Reazon]

I appreciate everyone's input.
I'm also getting solid APR pre approvals for Freedom and Freedom Unlimited, I think I'll go with one of these and let the account age to get the CSP.
But I really want to pull that trigger. Lol

[xaximus]

You may be able to get approved, but it'll either be a low limit and/or high APR. Personally, I would wait, let your AAoA be atleast a year and get some increases on your other cards. This will put you in a better position on getting a better limit.

[TheConstant]

Too low of AAoA and AoOA. Wait until you hit at least a year for both

[Reazon]

BOOM!!!!

Probably wasn't the wisest move,,,, I pulled the trigger.

Boom, Instant Approval Chase Sapphire Preferred SL $5000, APR 25.24%

I know lowest CL with highest APR. but i PIF anyways, so its ok, and it's now my highest limit. Hopefully I can grow this one!

WOW!!   Just Ecstatic!

Now I wonder when I should apply the the freedom card?

Before my Amex reports? I'm at 4/24 before Amex reports, I believe it will report next month.

Thanks everyone!!!

[Anonymous]

Wait awhile. Look around the forum and you’ll find many tales of second cards being shut down a week or two later, after Chase pulls you a second time following the app (SP).

[Anonymous]

Congrats!!!