CHASE SAPPHIRE Preferred - Approved

[Anonymous]

Trying to get into the Chase ecosystem. Just some data points.

FICO8
EXP 720; EQ: 720; TU:729

Per Experian app I have (under Score factors - what is hurting)
EXP: Serious Delinq (3 accounts); EQ2 acocunts - report is 48 days old); TU (3 accounts - report is 48 days old)

Approved with a SL of 12.1K - easily the card with the highest limit (prev was 10K).

Wasnt till after I applied till it dawned on me Chase' 5/24 rule. And going back I had opened the following:

jcrew 08/18; kohls 11/18

discover 06/19; cbna (bestbuy) 09/19

What does not show is the BOA card I opened 11/19. Also, I have the CHASE INK card (opened 9/19). I understand business cards report differently -  that didn't count toward the five limit?

[AllZero]

Congratulations on your approval!

[DoctorManhattan]

Congrats one day I hope to join the Chase fam.

[M_Smart007]

Congrats!

[T-Bear]

Congrats on the approval!

[Marz2002]

YOU...

CONGRATS @sb48 on your CHASE SAPPHIRE Preferred approval, the AWESOME SL, and Thanks for the DPs!!! 

[calyx]

Congrats on the approval!

From personal experience, Chase loves to soft pull like crazy for the first few months.   Don't app or misbehave for a few months so they don't get trigger happy since you're technically over their 5/24 and have a mildly dirty file.   I had the same thing - an account not showing (I thought it was going to be an installment but it reports as a revolver), so I was very quiet about my credit for a bit after that and they eventually started only SPing once every couple of months.

[coreyb80]

Congrats on the approval and nice SL!

[randomguy1]

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@Anonymous wrote:

Trying to get into the Chase ecosystem. Just some data points.

FICO8
EXP 720; EQ: 720; TU:729

Per Experian app I have (under Score factors - what is hurting)
EXP: Serious Delinq (3 accounts); EQ2 acocunts - report is 48 days old); TU (3 accounts - report is 48 days old)

Approved with a SL of 12.1K - easily the card with the highest limit (prev was 10K).

Wasnt till after I applied till it dawned on me Chase' 5/24 rule. And going back I had opened the following:

jcrew 08/18; kohls 11/18

discover 06/19; cbna (bestbuy) 09/19

What does not show is the BOA card I opened 11/19. Also, I have the CHASE INK card (opened 9/19). I understand business cards report differently -  that didn't count toward the five limit?

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Congrats on the card. It is YMMV if store cards count against 5/24. Some say if the store cards are only store specific and you can't use them anywhere else (i.e. kohls card vs target mastercard) then it might not count against 5/24. Business cards that do not show up on your personal report do not count against your 5/24. Certain business cards report on both. Lastly, when over 5/24, you cannot get any Chase approved for Chase Business cards. There are exceptions when you are pre-approved on the Chase portal however. HTH.

[Anonymous]

TY all for the well wishes and the additional info! No doubt I'm counting my blessings for getting the card given my file and circumstances.