CSP preapproval - UPDATE: Approved! - myFICO® Forums

quikj9 · ‎11-21-2021

My DM currently has a preapproval in her "Just For You" section for both the CSP and CSR. These preapproval offers both come with a set apr. Based on DP's from this forum and my own somewhat surprising United Explorer approval through a similar offer, it seems like this is pretty solid.

The only thing holding her back from pulling the trigger is her current credit card utilization. She's at ~90% utilization currently, including a CFU (8k CL) that's nearly maxed out. She's operating a startup and is utilizing her personal credit for her business (much to my dismay). She's currently at a 641 EX8

No baddies, not a single late.

5 open CCs

1 auto loan

AoORA is 6 years

AoYRA is 10 months

2/24

Anyway, she'll be able to get the utilization down significantly over the next couple of months, but we're booking a trip in the spring that would make great use of these points. By the time her utilization goes down, it would likely be a bit too late to book, which is why we're considering getting the card now.

Does anyone think she has a chance of actually being approved? I feel like this would be the ultimate test of a green star preapproval.

Also, is there any difference in approval probablility if she uses a referral link or applies directly from her preapproval page?

FinStar · ‎11-21-2021

@quikj9 wrote:
My DM currently has a preapproval in her "Just For You" section for both the CSP and CSR. These preapproval offers both come with a set apr. Based on DP's from this forum and my own somewhat surprising United Explorer approval through a similar offer, it seems like this is pretty solid.

The only thing holding her back from pulling the trigger is her current credit card utilization. She's at ~90% utilization currently, including a CFU (8k CL) that's nearly maxed out. She's operating a startup and is utilizing her personal credit for her business (much to my dismay). She's currently at a 641 EX8
No baddies, not a single late.
5 open CCs
1 auto loan
AoORA is 6 years
AoYRA is 10 months
2/24

Anyway, she'll be able to get the utilization down significantly over the next couple of months, but we're booking a trip in the spring that would make great use of these points. By the time her utilization goes down, it would likely be a bit too late to book, which is why we're considering getting the card now.

Does anyone think she has a chance of actually being approved? I feel like this would be the ultimate test of a green star preapproval.

Also, is there any difference in approval probablility if she uses a referral link or applies directly from her preapproval page?

It's very likely she will be approved if nothing major has changed about her credit profile within the past ~30 days. We just don't know enough about her profile to determine what kind of SL will be assigned once they HP (i.e. is the overall utilization 90% or just one card, etc.). Keep in mind these offers can go *poof* at anytime so if she's interested, she needs to act soon.

Also, in order for the pre-approval to work, she needs to do it directly from the "Just for you" offers, not from any other source or referral link.

quikj9 · ‎11-21-2021

This was a short lived thread. She pulled the trigger. Instantly approved for $11,900.

Thank you @FinStar !

FinStar · ‎11-21-2021

Happy to help @quikj9 and congrats on DW's approval! I went ahead and moved the thread to the Approvals section and slightly edited the title. If you prefer, you can edit the title if you wish.

quikj9 · ‎11-21-2021

To me, this was about as good a test for a green star pre-approval I've seen. I'm a bit surprised she was approved given her current utilization and score, but I'm SHOCKED at the limit. She did also have a pre-approval for the CSR, so the limit does reflect that.

Hopefully these stats help out other members of the community. Let me know if I can provide any other DP's.

mrtech3 · ‎11-21-2021

Congrats.....that is awesome news

CreditMagic7 · ‎11-21-2021

Congratulation!!

CreditAggie · ‎11-21-2021

Congratulations on DW's CSP approval!

Current Cards (in order of approval):

Current FICO 8 | 9 (April 2024):

Credit Age:

Inquiries (6/12/24):

Banks & CUs:

AlilThisAlilThat · ‎11-21-2021

@quikj9 Im in a similar situation with high utilization (84%) and 673 Fico8. I have pre-approvals showing in my chase app for both the CSR and CSP. I was hesitant to apply but most of rhe posts i read on here stated i had a good chance so i pulled the trigger. No instant approval- got the 7-10 day review message. Im bummed.