Chase Sapphire Reserve - Update: Approved!

[Anonymous]

I applied for a Chase Sapphire Preferred back in June 2016. I was denied both online and thru the reconsideration line.  When I called the reconsideration line, I believe the rep was on the fence but stated that since my highest credit line is below $5k (min for CSP) she couldn't approve.  My highest credit line at the time was with Cap QS for $3.5k

Currently I have 2 cards: Cap QS CL $6.5k and Cap Platinum $1k.  I got a car loan a few months ago too so have a good credit mix.  Age of credit history 8 years. All utilization is below 30%. Scores per CK are TU 717 and Equifax 716.  FICO experian score is 670 per Discover site.  I have one charge off from Chase account opened in 2008 scheduled to come off in May of this year.   Prequalification on Chase's site is not showing anything.  My question to you guys is should I apply again?  I just don't want any futile hard inquiry.  I know the 100k points at branch expire on Sunday.  So I am thinking should I apply?  

Mod note:  I've made a minor update to your title and moved your thread to 'Approvals'.  Feel free to edit the title yourself if you would like.

--UB

[Anonymous]

Please correct me if I'm wrong....Reserve minimum is 10k......so no, don't apply. 

[Anonymous]

Reserve minimum IS 10k. But you shouldnt be risk averse just because of a hard inquiry. 100% try to apply before saturday, this shouldn't even be a question to be honest. Worst case you can just apply for a freedom/freedom unlimited as well, two fantastic cards, to start a relationship with chase, and which will work as an excellent pair with your eventual CSR. Inquiries only impact you're score for a year, You just got a car, unless you're shopping for a home mortgage in the next 6 months, I wouldn't worry about the inq impact....at all. 

Do it. 

[Anonymous]

It maybe a bit of a long shot especially if you have an old  charge off account with Chase. Even though it's due to come off of your credit report this year... Chase I'm sure still has a record of it and they tend to have a VERY LONG memory. 

You are building a nice credit profile, I just don't know if Chase will be willing to forgive an old debt that was never paid back that was owed to them. If you do decide to apply, definitely report back. 

Good luck!!!

[Anonymous]

Went into the branch on Saturday, March 11th, to apply. Branch pre-qualify didn't show any cards that I would be preapproved for. I applied and initially got rejected due to the charge-off I had mentioned in my initial post. After talking with the reconsideration line, chase Branch representative called them without me asking . Got approved for 10k line. The reconsideation Rep just asked me circumstances for charge off.

Thanks for everyone's input!

[UncleB]

Huge congrats on the approval, and special thanks for the great data points!  

[Anonymous]

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@Anonymous wrote:
Went into the branch on Saturday, March 11th, to apply. Branch pre-qualify didn't show any cards that I would be preapproved for. I applied and initially got rejected due to the charge-off I had mentioned in my initial post. After talking with the reconsideration line, chase Branch representative called them without me asking . Got approved for 10k line. The reconsideation Rep just asked me circumstances for charge off.

Thanks for everyone's input!

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Awesome story and approval!!! Congrats

[GetMeSlick]

congrats op. 

[Anonymous]

Congrats on a very nice approval..great story too...

[Anonymous]

To the OP, quick question: in fairly new to the credit card "points and bonus" world, I mainly just use for $0 balance transfer fees...
What is the incentive/why would someone apply for a chase sapphire reserve card that has a $450 annual fee.. even if it is waived for the first year?
Thanks!