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Approved for CSP although way past 5/24

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Regular Contributor

Approved for CSP although way past 5/24

So being familiar with Chase 5/24, I dont understand this. Though I am happy!!!!

So I was looking at my online chase portal for my Chase Freedom card and I saw a option for pre approvals. It was for the Chase Sapphire Preferred and I decided to apply, got a wait for 5-10 days for approval.

And today I log into my chase app and I see the new Chase Sapphire Preferred with a 5K credit limit.

Now Im at 13/24 card, I only have a AAOA of about 1yr.
Also I did recently get a car loan from Chase, so maybe that can be it?

Just happy!!

Ex -702
Eq - 718
Tu - 748
12 REPLIES 12
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Frequent Contributor

Re: Approved for CSP although way past 5/24

Congrats!!! Smiley Happy Yes, I definitely think it's teh Car Loan you have with them.

I'm Chase 5/24 and have been told so on many RECONS in as many words. Smiley Mad

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Moderator

Re: Approved for CSP although way past 5/24

Congrats.. One of my favorite cards for sure!  Enjoy it and the bonus!

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Frequent Contributor

Re: Approved for CSP although way past 5/24

This is great to hear, I'm trying to get the CSP or CSR but am currently sitting at 7/24. Looks like I should go establish a relationship of somekind with them and take advantage of the preapprovals. I tried going in branch, but they didn't have anything for me as I'm not a current customer. 




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Frequent Contributor

Re: Approved for CSP although way past 5/24

That's interesting.  My friend is a Chase Banker and he said that he has only had one person approved in branch that was over the 5/24 rule.  He said she had an 800+ score and great income, and was a approved for a huge line on the CSR. 

 

I called the number on the back of my card and asked about 5/24.  The operator said that 5/24 is not the official position of Chase.  Each card is issued on a case-by-case basis.  I know it was on a disclamer for the CSR at one time but Chase removed it.  I wonder if they are softening on the stance?

Equifax [Citi] Score: 742; Experian [Amex] Score: 734; Transunion [Discover] Score: 729
Creditkarma scores Equifax 792 & Transunion 781
Barclay's Aviator Red -- $8,400; Discover It -- $16,500; US Bank Cash+ -- $7,500; Huntington Bank Voice -- $8,500; American Express Gold Charge Card; Chase Freedom -- $4,000; Barclay's Arrival+ $6,000; Chase Southwest Premier -- $16,000; Citi AA -- $5,500
Authorized User: Chase Freedom -- $6,500; American Express Blue Cash -- $3,500; Sam's Club Mastercard -- $6,000; CSP -- $9,000; Barclay's CashForward -- $5,000
Goal cards: Freedom Unlimited, Chase Sapphire Reserve, Chase Ink Plus
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Regular Contributor

Re: Approved for CSP although way past 5/24

As long as you are pre approved. You'll get it most of the time. It's when you're not pre approved and over 5/24 then you will most likely be rejected

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Regular Contributor

Re: Approved for CSP although way past 5/24

Im still shocked, especially because I have been declined twice for CSP within the last 24 months due to 5/24.

It could be the car loan indeed thats the only thing that has changed since the last denial, car loan is only 2-3 months old.

Does this card still come in metal card?
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Regular Contributor

Re: Approved for CSP although way past 5/24

And to actually correct myself. Looking at my Credit Report im 17/24 forgot about the cards I cancelled.

No more apping for me.
Message 8 of 13
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Valued Contributor

Re: Approved for CSP although way past 5/24

I have a feeling that Chase still has the 5/24 in place but will select certain customers and offer them cards even though they're past 5/24 based on relationship..
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Super Contributor

Re: Approved for CSP although way past 5/24

Interesting.

Buy a car, get a credit card.

 

Congrats OP and thanks for sharing.

High Bal Jan 2009 $116k on $146k limits 80% Util.
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