Chase Sapphire Preferred Approval Questions

[Anonymous]

I have been doing a ton of research on the Chase Sapphire Preffered card and before I apply I would like to see what everyone here thinks. I know there are never any definites but what are my chances of approval for the CSP with the following stats? Should I go for the Chase Freedom instead, apply for both simulatenously? Any advice would be very much appreciated. Biggest road block to approval for CSP I see is not having cc with high balance...

Credit scores: 749 Eq, 742 Ex, 735 TU,

Annual Household Income: 165,000

Chase Home Mortgage 4 years old

Only 2 credit cards - Citi Diamond Preferred $1600 limit, Wal-Mart $2500 - $0 on each, average ago of credit history about 4-5  yrs old. 

HELOC 25k/ used 17K - opened less than one year ago

No negative reports on credit

Authorized user on wife's AMEX Platinum

[Anonymous]

---

@Anonymous wrote:

I have been doing a ton of research on the Chase Sapphire Preffered card and before I apply I would like to see what everyone here thinks. I know there are never any definites but what are my chances of approval for the CSP with the following stats? Should I go for the Chase Freedom instead, apply for both simulatenously? Any advice would be very much appreciated. Biggest road block to approval for CSP I see is not having cc with high balance...

Credit scores: 749 Eq, 742 Ex, 735 TU,

Annual Household Income: 165,000

Chase Home Mortgage 4 years old

Only 2 credit cards - Citi Diamond Preferred $1600 limit, Wal-Mart $2500 - $0 on each, average ago of credit history about 4-5  yrs old. 

HELOC 25k/ used 17K - opened less than one year ago

No negative reports on credit

Authorized user on wife's AMEX Platinum

---

Any chance of CLIs on the Citi or Walmart cards.   As you said, lack of a high limit card is potentially an issue.   Have you done the Chase preapproval check?

[Anonymous]

Haven't tried for any CLI's yet, my Wal Mart Card started at 1k 3yrs ago and has steadily gone up. I tried the link from Chase that shows which pre-approved offers Chase has sent me previously, one for Slate and one for Freedom. That may be a sign... Should I consider Discover or Chase Freedom and give up on the CSP for now? 

[negg]

Whogavemecredit.com.  Or creditcardforums.com. Both will tell you, who got what with what credit score. 

[Anonymous]

Oh forgot to mention a Lowes card for $2500, I never use that thing so its easy for forget about. 

[Anonymous]

---

@Anonymous wrote:

Haven't tried for any CLI's yet, my Wal Mart Card started at 1k 3yrs ago and has steadily gone up. I tried the link from Chase that shows which pre-approved offers Chase has sent me previously, one for Slate and one for Freedom. That may be a sign... Should I consider Discover or Chase Freedom and give up on the CSP for now? 

---

The preapproval isn't 100% either way (you can be preapproved and get denied, and certainly get accepted without preapproval) but the Chase one is pretty good on the preapproval -> acceptance (if nothing has changed etc).  So, much as I hate revolvers, try to get the Freedom for now.  This will build a relationship with Chase, and, if you don't cash out, the UR points you earn can be transferred to the CSP (and thus onwards) once you get that card.

[Exonumist]

Call the GE Credit Solutions number in the backdoor number thread. Ask them for like 10K with your income and how old the card is. It's a soft pull and the worst they can do is say no. I think they are likely to give it to you or maybe counter. For the CSP I think your in good shape aside from the low limits... Have you thought of maybe getting an Amex card at all? Their limits grow fast and I think you are a shoe in for approval. A CLI on the Walmart will help, but keep in mind that Chase does not even look at store cards.

[Anonymous]

But, if you can afford a "wasted" HP (if you don't have a whole lot of other stuff you will be applying for) and you really want the CSP, you can also try for that.

[Exonumist]

---

@Anonymous wrote:

But, if you can afford a "wasted" HP (if you don't have a whole lot of other stuff you will be applying for) and you really want the CSP, you can also try for that.

---

+1. I think with the aaoa and income the OP may actually get it. He wouldn't be the first to get a CSP without having other cards above the 5k mark.

[Anonymous]

I would go for it right now if I were you