CSP Approval - Monkeys Throwing Darts

[MrMurphyBrown]

So, back in late 2018 - I was preparing for a vacation.  For whatever reason, I decided to apply for the Chase Sapphire Preferred card - pretty much assuming I'd be denied for a number of reasons.  I knew I needed to garden and shouldn't be wasting the inquiry.  

I got what was assumed to be a denial on the decision page.  But then about a week later, I received a letter to call the bank and verify some details regarding an application.  I did and was approved for $7500 SL.

Details:  Double pull EQ 602 with 23 Inquiries & EX 631 with 31 Inquiries.   65% Utilization.  I do have a few 30/60s showing from 2016.  I have been banking with Chase for several years.  I have made very heavy use of my credit, with nearly $100,000 of various debt between student loans, cars, credit cards.  Household income $110,000; and banking with them makes it fairly easy to verify my income.  I believe I was reporting balances of around $41k on my various cards when they pulled.

So, I've heard that Chase likes to see certain things in our profiles -- apparently they didn't care that I had more inquiries than just about anyone I've ever seen approved for the card.  They didn't seem to care that I made very heavy use of several credit cards, some of which reported >90% utilization that month, and they frequently report that high.

Since then, the card has received an auto CLI and is now $12500. 

My scores are marginally fair/poor - inquiries insane, and utilization high.  DTI isn't ideal either.  So, I'm saying that the monkey's were throwing darts at this approval.   

[Anonymous]

Current banking relationship definitely helped in this case I would say, congrats!

[19eighty5]

Congratulations on your approval!

[difringe]

Congratulations on the approval and the surprise auto CLI!  This is really good information, I recently joined Chase and was curious if you get benefits from directing more of your banking activity through them, looks like you do.

[Anonymous]

Wow! Congrats on your CSP auto luv!

[Anonymous]

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@MrMurphyBrown wrote:

So, back in late 2018 - I was preparing for a vacation.  For whatever reason, I decided to apply for the Chase Sapphire Preferred card - pretty much assuming I'd be denied for a number of reasons.  I knew I needed to garden and shouldn't be wasting the inquiry.  

I got what was assumed to be a denial on the decision page.  But then about a week later, I received a letter to call the bank and verify some details regarding an application.  I did and was approved for $7500 SL.

Details:  Double pull EQ 602 with 23 Inquiries & EX 631 with 31 Inquiries.   65% Utilization.  I do have a few 30/60s showing from 2016.  I have been banking with Chase for several years.  I have made very heavy use of my credit, with nearly $100,000 of various debt between student loans, cars, credit cards.  Household income $110,000; and banking with them makes it fairly easy to verify my income.  I believe I was reporting balances of around $41k on my various cards when they pulled.

So, I've heard that Chase likes to see certain things in our profiles -- apparently they didn't care that I had more inquiries than just about anyone I've ever seen approved for the card.  They didn't seem to care that I made very heavy use of several credit cards, some of which reported >90% utilization that month, and they frequently report that high.

Since then, the card has received an auto CLI and is now $12500. 

My scores are marginally fair/poor - inquiries insane, and utilization high.  DTI isn't ideal either.  So, I'm saying that the monkey's were throwing darts at this approval.   

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I was just approved for the CSR with a SL of 11.1k What's unique about my situations was, I was denied for the freedom card like 6 months ago.

[xaximus]

Congrats on approval! Very interesting DPs.

[Anonymous]

congrats on a successful Chase chase!

[Anonymous]

COngrats on your approval !!!!

[AverageJoesCredit]

Sorry MrBrown, Monkeys work for Discover, please dont take that away from us. Whoever decided this approval overrode The system so he/she/it could feel like they were adding mo money to the Chase machine. Probably Jago Congrats