Approved for Paypal MC...with disappointing SL

[Fated4Credit]

So I was just approved for the card, after being in the garden for 18 months & alot of back & forth decided to take the plunge. Temp SL 200, permanent limit 800. Like seriously!? APR 22.24, which I'm guessing is the lowest APR available. Even though I'm relieved @, the approval, I'm disappointed @ the SL, looks like I'll be calling credit solutions in the next week or so when the card arrives, was really hoping for @ least 4k to match my discover limit.

There are my stats:
AAoA: 23 months
AOoA: 2 yrs & 2 months
AoYA: 18 months
Inquiries: TU: 2 (over a year old) 750 @ the time of pull
EQ: 0 741
EX: 1 (also over a year old) 747
No derogs
2 credit cards, Cap 1 QS (4/17) & Discover it (11/17)
No other accounts/installment loans
Income: 30k
Util: 9%
DTI 2%

[Remedios]

Congrats on your approval 

[Anonymous]

Might as well go pull the trigger on Chase like you originally wanted to do.  PP isn't known for earth shaking limits.

[Jnbmom]

Congrats.

PP will grow.  My DH started at 500SL it now sits at10K at the 1.5 year mark.

[M_Smart007]

Congrats & sorry for your low SL, at least it was'nt a denial.

[pinkandgrey]

That limit is kind of low considering your DPs. Congrats all the same! I’ve seen some nice CLIs on this card so don’t worry!

[Anonymous]

Congrats on your approval!  With use, it will grow fast. 

[Fated4Credit]

---

@Anonymous wrote:

Might as well go pull the trigger on Chase like you originally wanted to do.  PP isn't known for earth shaking limits.

---

Ironically enough I convinced myself to put chase on the back-burnerfor @ least a year because I was worried about the SL if I applied for the FU (my goal card @ the time) & I thought I would have had a better chance with Synch. Then I changed my mind & thought whenever I was going to app for chase might as well go for the CSP & @ least I wouldn't get less than 5k with that card. I've been weighing the pros & cons.

Pro: If I applied & approved I would be in the garden for a long time as no other card catches my interest & the PPMC & CSP could age together

Con: No pre-quals currently on my chase account unless I go in branch or cold app

Pro: Even though I don't currently travel, it's good investment a few yrs from now if I ever changed my mind while racking up the points along the way.

Con: Don't know if I could meet the bonus of 4k/3 months in time as I have no big purchases ahead, unless I could figure out a way to pay rent through my rental company using plastiq if accepted that is. That would make up @ least 60% of my purchase in getting the sub.

With my stats what are my chances of really getting the CSP without having to jump through hoops if denied?

[Anonymous]

I think you have the scores to get the ball moving with Chase but, the limit of $5K might be an issue w/o one reporting already.  You can still collect points w/ CFU @ 3% $0AF for the first year and then upgrade later on to CSP or App for CSP for whatever bonus they're offering at the time.

CSP spend is a bit high and if you don't have it organically then waiting for the right time is more important.  I usually knock out the bigger spend requirements by simply waiting for a Tax payment being due for property taxes.  You mentioned rent through Plastiq which is an option but, the 2.5% fee cuts into the profit significantly.  Not to mention the CSP doesn't come with a 0% period currently which means you also would need to be able to PIF for it to be profitable as well.

[Fated4Credit]

---

@Anonymous wrote:

I think you have the scores to get the ball moving with Chase but, the limit of $5K might be an issue w/o one reporting already.  You can still collect points w/ CFU @ 3% $0AF for the first year and then upgrade later on to CSP or App for CSP for whatever bonus they're offering at the time.

CSP spend is a bit high and if you don't have it organically then waiting for the right time is more important.  I usually knock out the bigger spend requirements by simply waiting for a Tax payment being due for property taxes.  You mentioned rent through Plastiq which is an option but, the 2.5% fee cuts into the profit significantly.  Not to mention the CSP doesn't come with a 0% period currently which means you also would need to be able to PIF for it to be profitable as well.

---

I would prefer a card 0% promo unless I can get a BT offer on my discover card & as I usually make large payments 5-10x the amount if I can't PIF. I would have to put about 80% of my spend on the CSP if approved to meet the sub. Also it would likely take me the full 3 months as well. With the CFU I'm afriad I would put more adequate spend with the 3% vs. the Paypal @ 2%. @  least for the first yr

Not having a 5k amount on my cards already is a concern. I tried requesting a cli on my discover about 3 days ago but was shot down. I was hoping to grow the PPMC to have a better chance @ the CSP.