CSP instant approval with dinged credit

[Anonymous]

Instant approved for 5k CSP this morning, which was unexpected!  My credit file is fairly thin and has an open collection. 

WellsFargo 900(4/16), CapOne QS 1k(8/16), BCE 500(10/17, not yet on credit report), CU personal loan with $400 balance remaining(8/17), and a 2 year old collection for 2.2k(never paid any amount due to dispute).  FICO EX 08 649, 680-686 Vantage scores, 50k income.

SInce opening credit cards last April, util has been less than 10%, payments on time, and never carrying a balance.  I was prequalified on Chase site for Slate, Freedom, FU, and Sapphire Preferred with a singular APR for each offer.

Lurker on these forums past couple months, wanted to share the data and thank all of you for the information I've found here.

[Anonymous]

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@Anonymous wrote:

Instant approved for 5k CSP this morning, which was unexpected!  My credit file is fairly thin and has an open collection. 

WellsFargo 900(4/16), CapOne QS 1k(8/16), BCE 500(10/17, not yet on credit report), CU personal loan with $400 balance remaining(8/17), and a 2 year old collection for 2.2k(never paid any amount due to dispute).  FICO EX 08 649, 680-686 Vantage scores, 50k income.

SInce opening credit cards last April, util has been less than 10%, payments on time, and never carrying a balance.  I was prequalified on Chase site for Slate, Freedom, FU, and Sapphire Preferred with a singular APR for each offer.

Lurker on these forums past couple months, wanted to share the data and thank all of you for the information I've found here.

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Congratulations!

Someone always hits the lottery. You were lucky to get the CSP with a 649...

Chase must be hurting? I was approved for FREEDOM way back with a score like that. But the CSP, I'm surprised.

[Anonymous]

Do you have a long term relationship with Chase (banking/savings/etc)?

Do you have a very strong income reported or an income that Chase sees (direct deposit)?

Any loans with Chase (mortgage/auto)?

Congrats!

[Anonymous]

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@Anonymous wrote:

Do you have a long term relationship with Chase (banking/savings/etc)?

Do you have a very strong income reported or an income that Chase sees (direct deposit)?

Any loans with Chase (mortgage/auto)?

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None of the above!

[Anonymous]

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donny10 wrote: 

Someone always hits the lottery. You were lucky to get the CSP with a 649...

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I thought so too, had a plan to approach 700 in about 3-6 months then apply for CSP.  Researching the prequalify is what had me pull the trigger.  Works out well to use the card for Christmas expenses towards the signup bonus.

[Anonymous]

This is great news! Congratulations! Enjoy your new CSP.

[Anonymous]

Wow congratulations. Dv 

[Anonymous]

Wow. Way to go..

[Anonymous]

Congrats! I got a CSP for $5k in August with scores in the 650-680 range & 3 recently paid medical collections. I was also very surprised to find a prequal for one, maybe they're getting more lenient or my income & assets were enough to offset. Enjoy the card - quickly became a high use card in my stable, I love it.

[BronzeTrader]

Wow! Impressive!