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CSR application / approval odds? Update: Approved

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
New Member

CSR application / approval odds? Update: Approved

Thinking about applying for the Chase Sapphire Reserve as I anticipate doing some traveling this year. 

 

My profile:

Credit: Uber Visa ($1.5k, 1yr), WF College ($2.3k, 2yr), WF Propel ($6.7k, 6 months) / Total: $10.5k

FICO: 740 (WF FICO9) / 719 (Barclays)

AAoA: 1 year 2 months

Oldest: 2 years

Income: $50k

No loans, always pay in full

 

Also opened an account Checking/Savings account with Chase this month. I’m prequalified for Chase Freedom/Unlimited/Sapphire Preferred on the Chase app with 21.99% APR.

 

What are my odds for approval for the CSR? Should I wait longer and try to get CLI from Uber? Thanks!

 

Mod note:  I've updated your subject to reflect your approval; feel free to change/edit if you would like.  --UB

Message 1 of 10
9 REPLIES 9
Moderator

Re: CSR application / approval odds?

IMO, I'd wait until your history ages a bit.

The CSR has a minimum SL of $10K and looking at what you've shared, it appears there hasn't been much experience in handling tradelines at that level or capacity. How much on average do you put on your CCs monthly?

A CLI request for Uber will result in a HP, possibly 2, but it won't get close to $10K.
Message 2 of 10
New Member

Re: CSR application / approval odds?

My total util is around 17% and I spend around 1-2k a month mostly on the Uber card.

I’m at 2/24 so would it help to open a card that is generous with credit limits to get to $10k?
Message 3 of 10
Valued Contributor

Re: CSR application / approval odds?

IMHO - I would definitely wait. 2 issues that I see - your AAoA is low and you don't have a card that's above 10k. What will you utilize the CSR for? Travel? Points? I would recommend the CSP as you may have a better chance of getting that.


Scores - All bureaus 750 +/-
TCL - Est. $275K
Message 4 of 10
Moderator

Re: CSR application / approval odds?

Personally, I wouldn't but that's up to you. I would only do this if said tradeline would benefit my overall profile from a long-term perspective as opposed to just adding "fluff".

Since the CSR isn't going anywhere it's just a matter of timing things out. Otherwise, while you may still be ok in the eyes of the 5/24 restriction, you can still be declined for a young/thin profile or other reasons.

Alternatively, I'm thinking you might be able to swing the CSP instead and then upgrade to CSR after 12 months. Both have the same SUB.
Message 5 of 10
New Member

Re: CSR application / approval odds?

Just wanted to update / provide DP but applied after waiting two months and was approved for $15.3k SL.

Credit profile hasn’t changed much besides Barclays auto CLI from $1.5k to $3.3k. Happy for the approval 😀
Message 6 of 10
Regular Contributor

Re: CSR application / approval odds?

Congrats !!! And great SL too !!! Hope you enjoy the card and benefits !!!




Message 7 of 10
Senior Contributor

Re: CSR application / approval odds?

Congrats on your approval and very nice SL !!!!!

Welcome to Chase Family

 

 

 

3-2019 / Fico 8 EX 802 , EQ 803 , TR 805
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 8 of 10
Community Leader
Senior Contributor

Re: CSR application / approval odds?

Nice approval and SL OP. Congratulations. 

GOALS: Garden til DEC 2020 and 800 Club



Scores
JUN 2019: EX 788, TU 794, EQ 779
APR 2019: EX 787, TU 789, EQ 781
JAN 2019: EX 794, TU 783, EQ 801
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnate $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $15.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 9 of 10
Valued Contributor

Re: CSR application / approval odds?

YOU...

awesome congratulations GIF by Slanted Studios

CONGRATS on the Approval and the MASSIVE SL!!!

AMEX BCE $4K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | OpenSky $300 BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) | BBVA Compass Rewards VS $10.5K |
TCL - 100K+ | Rebuilding since April 2018
Message 10 of 10