Re: Young but decent credit, should I get CSP? - Page 2 - myFICO® Forums

Anonymous · ‎07-19-2015

How about slate? WIll it have the same effect basically?

@redpat wrote:
@ray8806 wrote:
I should also mention that I was approved for the Ritz in April for $5,000 also.
But you did start with their freedom card and three years credit history is a big difference from less than one year.

OP should start with freedom as mentioned and apply for CSP six months later.

redpat · ‎07-19-2015

@Anonymous wrote:
How about slate? WIll it have the same effect basically?
@redpat wrote:
@ray8806 wrote:
I should also mention that I was approved for the Ritz in April for $5,000 also.
But you did start with their freedom card and three years credit history is a big difference from less than one year.

OP should start with freedom as mentioned and apply for CSP six months later.

It will get you into chase, but slate is a balance transfer card and has no rewards. With freedom you can transfer rewards to CSP. If you need a balance transfer card that is what the slate card is good for.

Personal Cards: Amex Delta Res | CSR | Citi AA Exec | Citi Strata Premier Business Cards: Ink+ | Amex BBP

ray8806 · ‎07-19-2015

Yeah, I agree with everyone else. Try for the Freedom first. That'll get you UR points and get your foot in the door with Chase.
But if it doesn't work, just open a checking account with them and wait a few months.

EQ: 710(FICO) EX: 695(FICO) TU: 708(FICO)

Anonymous · ‎07-19-2015

@ray8806 wrote:
Yeah, I agree with everyone else. Try for the Freedom first. That'll get you UR points and get your foot in the door with Chase.
But if it doesn't work, just open a checking account with them and wait a few months.

I've actually had a checking account with them for 2 years now. I want to keep my cards minimal, could my history with them be seen as a substitute for something like a freedom card? Basically what I'm asking, can avoid getting a freedom card since I have a decent history with them (and then wait for my credit history to age and then apply)?

redpat · ‎07-19-2015

Apply for CSP at your Chase branch. Having a an account with them for two years helps along with your scores.

Personal Cards: Amex Delta Res | CSR | Citi AA Exec | Citi Strata Premier Business Cards: Ink+ | Amex BBP

Anonymous · ‎07-19-2015

I think I will in October, my credit history will be 1 year old, some small gains in my score will happen and 2 inquiries will be more than a year old by then. I will also turn 21 in october, so I'll be able to check the pre-qual tool. Thanks for the tip, will they not be able to see that I have an account with them if I apply online?

@redpat wrote:
Apply for CSP at your Chase branch. Having a an account with them for two years helps along with your scores.

Anonymous · ‎07-19-2015

I applied and was instant approved with my oldest account being roughly 15 months old, at the time.

Age 21, $45k income. Income seems to help a lot from what I have read.

I would wait until you have at least one year. And as others have said, apply at a branch, your checking relationship with them could help.

Also, the spending requirement drops from $4k to $2k in 3 months to receive the 40,000 UR points.

Not like that should matter though because you have to spend that much regularly to justify the card anyway...

EDIT: You should double app if you're approved as the Freedom/CSP are an awesome combo!

Anonymous · ‎07-19-2015

Exact same income as you and I'm about to be 21, but my credit is younger and lower. I closed my oldest credit line (cap1 secured) and is it correct to say my credit is as old as my amex cards that I got after I closed my secured card?

Anonymous · ‎07-19-2015

@Anonymous wrote:
I applied and was instant approved with my oldest account being roughly 15 months old, at the time.
Age 21, $45k income. Income seems to help a lot from what I have read.
I would wait until you have at least one year. And as others have said, apply at a branch, your checking relationship with them could help.
Also, the spending requirement drops from $4k to $2k in 3 months to receive the 40,000 UR points.
Not like that should matter though because you have to spend that much regularly to justify the card anyway...

EDIT: You should double app if you're approved as the Freedom/CSP are an awesome combo!

Exact same income as you and I'm about to be 21, but my credit is younger and lower. I closed my oldest credit line (cap1 secured) and is it correct to say my credit is as old as my amex cards that I got after I closed my secured card?

Anonymous · ‎07-19-2015

Apologies, it gave me an error and I double replied on accident