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CSP - Chase Sapphire Preferred

cashorcharge
Valued Contributor

Re: CSP - Chase Sapphire Preferred

That's terrific!  Congratulations on your approval!! 🎉🥂

Message 11 of 15
MyFault
Valued Contributor

Re: CSP - Chase Sapphire Preferred

Congrats on your approval!



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Message 12 of 15
gdale6
Moderator

Re: CSP - Chase Sapphire Preferred

Great SL on the CSP, grats on it Smiley Happy

Message 13 of 15
ComeBackLady
Established Contributor

Re: CSP - Chase Sapphire Preferred


@Hottsaucy wrote:
Chase Sapphire Preferred®
Hello everyone, I would like to share info for my recent approval with my CSP... 
 
My highest limit card is my Navy Fed More Rewards Amex & it's only 3 months old so I was torn if I should apply or not but I've really wanted this card for a long time since I travel alot internationally. I said to myself, YOLO and I applied on Saturday, March 27th @ 2am and got an instant approval! 

 

  • Which credit card?   Chase Sapphire Preferred® Credit Card.
    • Starting credit limit: $14,700 
    • APR: 21.99%
  • What CRs were pulled?  Experian & Equifax (puts me at 5 hard inquiries  on both reports.) 
  • My FICO score:  670 Fico 8 /Experian & 718 Equifax as of 3/27/2021
  • Why this card?: 
    • Reward Points ( Travel benefitsbest-known travel rewards credit cards. Featuring 2x points per dollar on all travel and dining purchases, it earns valuable points that can be transferred to 13 airline partners and hotel partners or redeemed directly for travel through Chase Ultimate Rewards.
    • Higher-than-average points valuation: Many competitors offer rewards points or miles worth just a penny each, but Chase Ultimate Rewards points value is at 1.46 cents apiece, on average.
    • Sign up bonus ( "80,000 bonus points (a $1,000 value) when you spend $4,000 within 90 days of account opening")
  • My relationship with Chase... My primary bank since 2012. I've never applied for any of their products  😐
  • My credit profile:   
    • Total revolving credit before this card: $31,000 (2 cc - Discover $3000, Navy Fed More Rewards $23,000 and 1 store cards My Jewelers $5000) 
    • Utilization: <2% (balance on cc $411 and $0 on store cards)
    • Oldest account: 16 yrs 6 mo 
    • Average age of open accounts: 5 yrs 9 mo 
    • Baddies: No collections, 3 paid charge offs, 5 accounts ever late (at least 2 yrs old) 

Congratulations on your CSP Approval with the pretty pretty SL! 

Starting Score: June 2020: 502
Current Score: EX: May 15 - 687, EQ: APR 2021 – 668, MAY 2021 – 726, APR 26 - TU: 673
May 15 - TU: 697

Goal Score: Good: 670 by May ✅. By JUN 675✅,
Come on 680 across all 3 ✅, 690’s by JUN. Over 700 in 2021, ideally 725plus, 805 LT
Inquiries: 30/0, 60/1, 90/6, 12/13
TCL: JUN 2020 $700, MAY 2021 $13,051
AAoA 1 YR 6 Months AoYA 7 weeks
2021 Goal Cards: NAFs and $5K CL’s


Bank and Credit Union Memberships:

Take the myFICO Fitness Challenge

Message 14 of 15
IluvuscOH
New Member

Re: CSP - Chase Sapphire Preferred

I just applied they sent me a email requesting w2,tax return and pay stubs is this as good as a denial?


@ComeBackLady wrote:

@Hottsaucy wrote:
Chase Sapphire Preferred®
Hello everyone, I would like to share info for my recent approval with my CSP... 
 
My highest limit card is my Navy Fed More Rewards Amex & it's only 3 months old so I was torn if I should apply or not but I've really wanted this card for a long time since I travel alot internationally. I said to myself, YOLO and I applied on Saturday, March 27th @ 2am and got an instant approval! 

 

  • Which credit card?   Chase Sapphire Preferred® Credit Card.
    • Starting credit limit: $14,700 
    • APR: 21.99%
  • What CRs were pulled?  Experian & Equifax (puts me at 5 hard inquiries  on both reports.) 
  • My FICO score:  670 Fico 8 /Experian & 718 Equifax as of 3/27/2021
  • Why this card?: 
    • Reward Points ( Travel benefitsbest-known travel rewards credit cards. Featuring 2x points per dollar on all travel and dining purchases, it earns valuable points that can be transferred to 13 airline partners and hotel partners or redeemed directly for travel through Chase Ultimate Rewards.
    • Higher-than-average points valuation: Many competitors offer rewards points or miles worth just a penny each, but Chase Ultimate Rewards points value is at 1.46 cents apiece, on average.
    • Sign up bonus ( "80,000 bonus points (a $1,000 value) when you spend $4,000 within 90 days of account opening")
  • My relationship with Chase... My primary bank since 2012. I've never applied for any of their products  😐
  • My credit profile:   
    • Total revolving credit before this card: $31,000 (2 cc - Discover $3000, Navy Fed More Rewards $23,000 and 1 store cards My Jewelers $5000) 
    • Utilization: <2% (balance on cc $411 and $0 on store cards)
    • Oldest account: 16 yrs 6 mo 
    • Average age of open accounts: 5 yrs 9 mo 
    • Baddies: No collections, 3 paid charge offs, 5 accounts ever late (at least 2 yrs old) 

Congratulations on your CSP Approval with the pretty pretty SL! 


 

Message 15 of 15
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