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Hello MyFico Friends,
I've been working on cleaning my credit files and boosting my credit scores for a few months now. About a year ago I went through a difficult time and ended up damaging almost all of my credit lines. As of today I managed to pay off some old charged off accounts and brought all open accounts back to a good standing. A goal of mine has been to get approved the the glorified Chase Sapphire Preferred card, before I decide to apply for the card in a few months i'd like to hear your stories. How was the application process for you? did you get approved on the spot and what were your scores like?
Thanks in advance!
My current Fico 8 scores are Equifax: 603 | Experian: 609 | Transunion: 611
I think I was pretty lucky that I recieved a CSP, combination of just dumb luck and newbie ignorance.
Had no credit with 2 derogs in 1/2017 with low-mid 500 scores, recieved 1st CC (Kohls) then Cap1 Plat in 3/2017 and started to learn. I just put small balances on both each month and PIF. Scores shot up to low 600's and keep rising to mid 650 and on a whim through Nerdwallet I app'd for Chase FU in 7/2017 and was approved. Scores keep rising and good use, UTL, and PIF on the Chase FU and after 90 days got prequalified for CSP and Slate (took it - same HP - FICO around 665-675 at the time). I didn't realize that I got lucky with it at the time. Chase has been great to me, I have AMEX, PENFED, and Disco products also but Chase FU and CSP are my favorites for most spends depending on reward catagories.
I got approved yesterday for $8,000 SL Instant Approval @ their max APR with intro offer. Barely made it looks like.
Data Points:
15/16 months since late.
1 Charge Off, Paid
90 Day late from 2013/14
3 30 Day Lates and 2 60 Day Lates from 2016.
0 Balance on all cards except Military Star which was at 29% and Barclays @ 10%
4 Inquiries
They Pulled Experian Only @ 686 FICO 08
6 New Accounts (Only 4 are Credit)
AAoA Just over 5 Years
Some Accounts 1 Month Old
Income 85K
1 Mortgage, Never Late
2 Auto Leases, Never Late, 2 Paid Auto Loans
4 Student Loans, Never Late, 115% Balance
Credit Accounts Below are Active, Most at 0 balance.
Total Debt @ 250K
You'll get there, now I have to pump enough through this card without angering the Chase gods. I already set up fraud protection and autopay on the account. Hopefully it does not get pulled for financial review.
@kshurika Congrats!! let me know how the card comes packaged after recieving it.
@Anonymous wrote:Hello MyFico Friends,
I've been working on cleaning my credit files and boosting my credit scores for a few months now. About a year ago I went through a difficult time and ended up damaging almost all of my credit lines. As of today I managed to pay off some old charged off accounts and brought all open accounts back to a good standing. A goal of mine has been to get approved the the glorified Chase Sapphire Preferred card, before I decide to apply for the card in a few months i'd like to hear your stories. How was the application process for you? did you get approved on the spot and what were your scores like?
Thanks in advance!
My current Fico 8 scores are Equifax: 603 | Experian: 609 | Transunion: 611
Hello Jesse, kind of a late reply but hopefully someone will find this helpful.
I was lucky enough to get the green checkmarked offer "pre-approved" for a Sapphire Preferred after opening an investment account with them, the funny thing is, i have a 657 credit score with Equifax and 659 with Transunion and am using about 51% of my credit with my other cards, which barely total $13,000 between all of them. On top of that, I hadn't funded the investment account, I simply opened it. I have an empty chase checking account that I never use and a $500 CL Chase Freedom that I also don't use.
So i saw the "pre-approval" and I thought "yeah right, too good to be true" but when I inspected further, sure enough it had a solid APR and a CL of $12,000. I thought there was no way I'd get approved, how odd. So I came on these forums and everyone was discussing the "green checkmark" offers from Chase, and it seems their approval is practically guaranteed for most people. Anyway, I took a chance, applied and got approved - card is on it's way and that is my story.
Chase if you're reading this - I wasn't a good client before but now this is definitely going to bring us closer together. Goodbye Bank of America!