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Chase Sapphire Reserve Approval Datapoints...

SHJ
Regular Contributor

Chase Sapphire Reserve Approval Datapoints...

Howdy. I applied for the CSR recently. Below are some interesting datapoints from my experience:

 

As a background, I went 120 days late on several student loan accounts last year, and have been rebuilding my credit ever since. I had 700+ scores prior to the lates, and as of the beginning of June my EX score was 688 - 14 months after the last late reported.

 

I applied for the CSR with the following stats:

 

688 EX score (696 Bankcard Score)

1 Inq in the past year, AoYA of 1 year

1% credit utilization (~$250 out of ~$25,000)

AoOA of 6 years

13 Accounts, 6 revolving & 5 installment

2.5 year history with Chase (Amazon Prime Rewards Visa Signature)

18% debt to income ratio

$60,000+ income

 

I applied and was met with a message saying that they needed more time to review my application. I then received an email saying that they would let me know soon (no time frame given). I waited 3 hours, and then called the automated line, which told me I would find out in 2 weeks... a good sign Smiley Happy.

 

On a slightly unrelated note, I noticed some strange things at this time. I am currently a Chase customer, and I applied for the card through my Chase account, but when I tried to check my application status online, it always said that I had no applications - so whenever I wanted to check, I had to call the number.  Even after I was approved and the card appeared on my account, the application never appeared. Additionally, I received a sudden 50% CLI on my Amazon Prime card ($3,000 --> $4,500). This was the first CLI I'd received since getting the card 2.5 years ago, and I didn't ask for it. Was this related to the CSR app? Perhaps. 

 

I waited 36 hours and checked the automated line... still 2 weeks. I then called the recon line and, after waiting and then verifying some information, I experienced what many on these forums have experienced: I was approved over the phone, with a CL of $19,000. 

 

Needless to say, I am pleasantly surprised. I would've thought that with 120 day lates on my report, I wouldn't be able to apply for anything remotely nice and succeed. It seems like it is possible, though, given the right circumstances. My account was pretty optimized (few inqs, low util etc.), and I had a decent history with Chase as well, so that probably helped me a good bit. For what it's worth, I also applied for the Amex platinum on the same night and was declined (soft pull - I am an Amex cardholder), so that's an interesting datapoint, too, consdering that I have a very short history with Amex by comparison. 

 

I will update with my CARS score when I receive the card Smiley Happy

 

Edit: CARS score was 727

27 REPLIES 27
VanderSnoot
Established Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congratulations! Enjoy your success, and I hope this speeds your recovery.

Message 2 of 28
corpcrmgr
Valued Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congratulations on both your approval and your CLI!

Message 3 of 28
AnimalHouse121
Valued Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congrats on the card! And a nice CLI!
Message 4 of 28
coreysw12
Valued Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congrats!

 

The two certainly may have been related, but you don't often hear about a new credit card triggering a CLI on a different card with that bank. So either it was a crazy cooincidence, or the CSR app somehow triggered an auto-review of your other card.

 

Did your income change significantly in the last 2.5 years? Maybe when you sent chase new income info on the CSR app, it simultaneously associated the higher income with your other account, triggering an auti-CLI.

    Total Loan Balance: $58k / $65k

    Total SL: $42.4k
Goal cards:



United 1K - 675,000 lifetime flight miles    |    Chase Status: 3/24
Message 5 of 28
Marz2002
Valued Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

You...REALLY...

awesome congratulations GIF by Slanted Studios

CONGRATS  from 1 Rebuilder to another Rebuilder, on your CSR Approval, your Amazon Prime auto CLI, and Thanks for the DPs!!!

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $13.7K | Citi AAdvantage WEMC $14K | Citi Costco VS $12K
Discover IT $19K | 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 | NFCU cashRewards $3K | NFCU More Rewards AMEX $33.5K | NFCU Flagship VS $19K
Macy's AMEX $18K | Apple Card WEMC $6K | PenFed Power Cash Rewards VS $7.5K

TCL - $211K+ | Rebuilding since April 2018
Message 6 of 28
Hasselfree
Valued Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congratulations on your approval! Outstanding SL! Thank you for sharing your dp's.

moneyphoto.jpg




"Your ego is writing checks your body can't cash".
Message 7 of 28
800FICOGoal
Established Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congratulations on your new Sapphire Reserve!!!











Current


Rebuild Cards


Goal Cards


Loans

Message 8 of 28
StartingStrong
Frequent Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congrats on your approval with a big SL and the CLI! Enjoy 😄

Message 9 of 28
19eighty5
Senior Contributor

Re: Chase Sapphire Reserve Approval Datapoints...

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 10 of 28
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