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Chase Sapphire Preferred Approval & DP's

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Buddah
Established Member

Chase Sapphire Preferred Approval & DP's

I applied online for CSP on May 25th and got notice that I would receive their decision in writing. A letter came on Jun 1st indicating that I needed to call to confirm I submitted the application. The call was quick and painless, after a short hold I was told that I was approved with a starting limit of $11,900 APR at 20.74% and should receive welcome kit in 3-5 business days.

 

I'm in GA and they pulled EX when I submitted the app and EQ when I called, I'm not sure which version they used.

 

I had 3 accounts opened in the last 24 months, 2 in the past 12.

 

EX - 748

AAoA - 3 years 1 month

AoOA - 13 years 2 months

utilization - 14%

 

EQ - 769

AAoA - 8 years 8 months

AoOA - 25 years 4 months

utilization - 14%

 

If I forgot anything I don't mind answering questions.

 

If anyone has any thoughts or advice about which other Chase card to get Freedom Unlimited or Freedom Flex I would appreciate it. Along with how long I should wait. I'm at 4/24 now and don't think I'll be going for the trifecta anytime soon. Thanks

Message 1 of 16
15 REPLIES 15
Elpadrino1
Valued Contributor

Re: Chase Sapphire Preferred Approval & DP's

Congratulations on your Chase approval!!

Message 2 of 16
Mdowning30
Established Contributor

Re: Chase Sapphire Preferred Approval & DP's

When i first applied for the Freedom Unlimited i had wait message and then recieved  a secure message to call in to confirm my identity but thats because i had a fraud alert active. Im surprised i got an instant approval, your scores are much higher, congrats.

Chase Freedom Unlimited : $2000 | Discover It Chrome : $2700 | AmEx CS Investor : $6000 | Chase Sapphire Preferred : $2000 | Chase Amazon Prime : $600 | AmEx Hilton Surpass : $1000 | AmEx Business Plus : $2000 | AmEx Platinum CS : POT $2800 | Tower Federal CU : $15,000 | Lowes Commercial Account : $1,000 | WF Bilt Mastercard : $4,000 | Shell Fleet Plus : $1,000 | Truist Future Card : $6000 | USBank Smartly Card : $500 |
Starting Score: 512
Current Score: 700
Goal Score: 700+

Take the myFICO Fitness Challenge
Message 3 of 16
CreditMagic7
Mega Contributor

Re: Chase Sapphire Preferred Approval & DP's

Congratulations on your new Chase Sapphire Preferred Approval!! Data Points!! 64x36.gif

Message 4 of 16
cashorcharge
Community Leader
Super Contributor

Re: Chase Sapphire Preferred Approval & DP's

WooHoo!! Congratulations on your CSP Approval!!👏🏼🍾🥂

Message 5 of 16
CYBERSAM
Senior Contributor

Re: Chase Sapphire Preferred Approval & DP's

Congrats on your Chase Sapphire Preferred Approval 🥂🤑👍👍

Manual review for verifying applicant data seems to be the norm these days! My Amazon Prime took few days before approval then after that CSP was instant!







                
Message 6 of 16
Buddah
Established Member

Re: Chase Sapphire Preferred Approval & DP's

How long did you wait between apps?

Message 7 of 16
CreditAggie
Community Leader
Super Contributor

Re: Chase Sapphire Preferred Approval & DP's

Congratulations on your CSP approval!

Current Cards (in order of approval):

         
Current FICO 8 | 9 (January 2025):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 8 of 16
Aim_High
Super Contributor

Re: Chase Sapphire Preferred Approval & DP's

Welcome to My Fico Forums and congratulations on your Chase Sapphire Preferred approval, @BuddahSmiley Very Happy   The Sapphires are great cards and I'm sure you will enjoy carrying it. 

 

Awesome_Well_Done.jpg

 

Chase doesn't like to see excessive credit-seeking.  Depending on profile, I would recommend spacing out applications no less than three to maybe even six months or longer.  I added several new Chase cards in sequence a couple of years ago.  Even with high FICO, thick credit file, high income, I didn't want to push them any harder than three months.  With your much younger AAoA and AoOA on EX, combined with your 14% utilization and 4/24 credit-seeking, it probably wouldn't hurt to wait 4-6 months.  Also you got a mid-tier APR on your CSP at 20.74% (current range is 16.74% to 23.74%) so that indicates to me that there may still be a little caution on their underwriting. 

 

By the way, just curious but why is there such a large discrepancy between your EX and EQ numbers for AAoA and AoOA?!?  That seems quite unusual for such a large variation.  Chase pulls EX normally so I would go by those numbers.

 

I had the Chase Quadfecta (Sapphire Reserve, original Freedom, Freedom Unlimited, and INK Cash.)  I personally recommend the Freedom Unlimited over the Freedom Flex in the order of application.  While 5% in-category sounds awesome, it's capped at no more than $6K annual spend.  I think having cards that earn a good flat-rate, without caps or categories, is more important.  I believe many consumers underestimate how many purchases they have which won't fit into a neat limited-category box.  I have a lot of cards, but I found myself not using the Freedom.  I didn't like managing the rotating categories and even with the possible high earnings (in-theory), I realized that my actual usage patterns of the card weren't reaping as much additional gain as were possible.  Chase advised me that if I didn't use it by a certain date that they would close it.  I decided to close it proactively and roll my credit limit over to my Sapphire Reserve.  But I prefer simplicity and I'm in the process of down-sizing some of my cards.  If you want to diversify between lenders (meaning not too many cards with one single bank),  I think a Sapphire card with a Freedom Unlimited is a great compromise. 


Business Cards


Length of Credit > 40 years; Total Credit Limits >$926K
Top Lender TCL - Chase 156.4 - BofA 99.9 - CITI 96.5 - AMEX 95.0 - NFCU 80.0 - SYCH - 65.0
AoOA > 31 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 9 of 16
KingRue8500
Senior Contributor

Re: Chase Sapphire Preferred Approval & DP's

Congrats on your Chase Sapphire Preferred approval




Message 10 of 16
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