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Chase Sapphire Reserve Approved with 15k income

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New Visitor

Chase Sapphire Reserve Approved with 15k income

I have a relatively low income compared to other online data so I hope my background will help anyone with similar situations.

 

I'm a college grad, currently taking some time off preparing for grad school. Apart from studying I work a part time job plus volunteer at a lab. My family lives in a foreign country so I make sure to visit at least once a year. I chose CSR because I was attracted to the $300 travel credit and wanted to work on the trifecta for maximum value. 

 

Visited a branch today with no luck on pre-approvals but applied for the card anyways. Given my 15k income, I thought the chances were slim. The banker did the application for me and right after had to call a line for further verifications (in which a senior banker said calling this line indicates a 99% chance of approval? not sure about that) After a few holds on the line (approximately 8-10 minutes) I was told the application got approved for 10k CL. The entire process (from application to getting approved) took about 30-40 minutes. 

 

I hope my experience will help others in need. Thank you for reading!

 

Income 15k

TU 767, EQ 774

5yr 10 mo credit history

$4,100 CL with Chase Amazon Prime Visa Signature (1.5yr history)

$1,000 CL with local credit union 

17% credit usage (paid off all balance before applying)

 

 

13 REPLIES 13
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Community Leader
Super Contributor

Re: Chase Sapphire Reserve Approved with 15k income

Welcome to the forums, @jho9! And congratulations on your CSR approval there! Appreciate the datapoints you shared so that it may help others in the future. Well done!

Message 2 of 14
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Regular Contributor

Re: Chase Sapphire Reserve Approved with 15k income

Congrats on the approval. 2 / 3rds of your income, wow, that's great.
Enjoy.
Message 3 of 14
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Regular Contributor

Re: Chase Sapphire Reserve Approved with 15k income

welcome to the boards and congrats on your approval ,,enjoy the card

Message 4 of 14
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Valued Contributor

Re: Chase Sapphire Reserve Approved with 15k income

Way to go on the approval and SL!  Thanks for sharing!




"Your ego is writing checks your body can't cash".
Message 5 of 14
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Valued Contributor

Re: Chase Sapphire Reserve Approved with 15k income

Welcome, welcome, and welcome again.

You did it!You did it!

Congratulations! That is awesome, as I expect you are.




Living through Darwinism is so much worse than learning about about it in school.
Message 6 of 14
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Moderator Emeritus

Re: Chase Sapphire Reserve Approved with 15k income

What an approval! Go for the gold and you land diamonds ... enjoy the benefits of the JP Morgan Chase Sapphire Reserve Visa Infinite! Room to travel now. Smiley Very Happy

Starting Score: 300
Current Score: 850
Goal Score: 850


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Message 7 of 14
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Valued Contributor

Re: Chase Sapphire Reserve Approved with 15k income

BIG  CONGRATS @jho9 on your CSR approval, the AWESOME SL, Thanks for the Data Points (DPs), and Welcome to the FORUMS!!!

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 $10.5K | Apple Card WEMC $6K | PenFed Power Cash Rewards VS $7.5K

TCL - $204K+ | Rebuilding since April 2018
Message 8 of 14
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Established Contributor

Re: Chase Sapphire Reserve Approved with 15k income

Nice! Congrats!

Chase Sapphire Reserve 18.5k
Chase Freedom 11.7k
American Express Bonvoy Brilliant 22.5k
American Express Bonvoy Business 10k
Barclays Aviator Red 4k
Citi Double Cash 13.5k
Amazon Store Card 10k

Fico 8s as of 10/1/2020:






Message 9 of 14
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Valued Contributor

Re: Chase Sapphire Reserve Approved with 15k income

Congrats!! That is an awesome approval! Enjoy your shiny new card. 

"Hover mouse over cards to see CL and APR info"


Message 10 of 14
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