Re: Considering CSP application... thoughts?

C24Webb · ‎07-04-2014

I've been wanting the CSP for a while now... I recently checked Chase's site for an offer, and there's one for Slate and Sapphire Preferred. I've had a Freedom with them since March of 2012. I think my biggest hurdle will be having an existing $5,000+ CL, although many have been approved without that. Would Chase consider that fact (not having a $5,000 CL) before "prequalifying" me? I know these things are very hit and miss, just looking for some guidance. My scores, AAoA, etc. are in my signature. Current util is ~2.5% of total CL, only a balance on one card (9% of that card).

Thanks in advance for your input!

Card/Limit/Opened — Discover it: $27,600 2/14 | Chase Sapphire Preferred: $10,500 7/14 | Banana Republic Visa: $10,000 7/14 | USAA Cash Rewards Visa Signature: $9,000 6/11 | Chase Freedom: $2,000 3/12
History — AAoA: 42 months | Oldest account: 119 months (including AU) | Inquiries: 1 EX 0 EQ 0 TU | Score: 765 (Discover TU) 750 (USAA CreditCheck Monitoring EX FAKO)

nachoslibres · ‎07-04-2014

@C24Webb wrote:
I've been wanting the CSP for a while now... I recently checked Chase's site for an offer, and there's one for Slate and Sapphire Preferred. I've had a Freedom with them since March of 2012. I think my biggest hurdle will be having an existing $5,000+ CL, although many have been approved without that. Would Chase consider that fact (not having a $5,000 CL) before "prequalifying" me? I know these things are very hit and miss, just looking for some guidance. My scores, AAoA, etc. are in my signature. Current util is ~2.5% of total CL, only a balance on one card (9% of that card).
Thanks in advance for your input!

Honestly with your scores, I think you are fine. You don't have a high limit on the Freedom but you've had the card for over 2 years and they likely set the limit then based upon your risk. Your risk has changed in 2 years and if you have had a good relationship with Chase then I don't see why they wouldn't approve the CSP for you.

Creditaddict · ‎07-04-2014

I find Chase' Pre-Qual offers online to be GOLD... APPLY!

I bet it will be your new highest CL by 3 fold!

jd352 · ‎07-04-2014

@Creditaddict wrote:
I find Chase' Pre-Qual offers online to be GOLD... APPLY!
I bet it will be your new highest CL by 3 fold!

This +1. My pre-qual CSP was on the money. Got approved instantly!

NPSL............... $20,700........... $15,200.......... $5,000............ $15,000............ $20,000
Current Scores: Equifax: 761 (Fico) TransUnion: 751 (Fico) Experian: 768 (Fico)

nachoslibres · ‎07-04-2014

@jd352 wrote:
@Creditaddict wrote:
I find Chase' Pre-Qual offers online to be GOLD... APPLY!
I bet it will be your new highest CL by 3 fold!
This +1. My pre-qual CSP was on the money. Got approved instantly!

Congrats!

C24Webb · ‎07-05-2014

Thank you all for chiming in! I'm heading to a branch this morning to apply and (hopefully) get approved with the slightly better spending requirement for the bonus. I'll update this in a bit with results!

Card/Limit/Opened — Discover it: $27,600 2/14 | Chase Sapphire Preferred: $10,500 7/14 | Banana Republic Visa: $10,000 7/14 | USAA Cash Rewards Visa Signature: $9,000 6/11 | Chase Freedom: $2,000 3/12
History — AAoA: 42 months | Oldest account: 119 months (including AU) | Inquiries: 1 EX 0 EQ 0 TU | Score: 765 (Discover TU) 750 (USAA CreditCheck Monitoring EX FAKO)

C24Webb · ‎07-05-2014

@Creditaddict wrote:
I find Chase' Pre-Qual offers online to be GOLD... APPLY!
I bet it will be your new highest CL by 3 fold!

Well, everyone, I was APPROVED... and CA was RIGHT. My limit is $10,500. I called to have it expedited as well. Can't wait! Chase must like me now, and I like that

As a side note, I definitely agree with nachoslibres about growing with them internally since I got my Freedom two years ago.

Card/Limit/Opened — Discover it: $27,600 2/14 | Chase Sapphire Preferred: $10,500 7/14 | Banana Republic Visa: $10,000 7/14 | USAA Cash Rewards Visa Signature: $9,000 6/11 | Chase Freedom: $2,000 3/12
History — AAoA: 42 months | Oldest account: 119 months (including AU) | Inquiries: 1 EX 0 EQ 0 TU | Score: 765 (Discover TU) 750 (USAA CreditCheck Monitoring EX FAKO)

coldnmn · ‎07-05-2014

Congrats! Thanks for sharing.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17

BigBS · ‎07-05-2014

Congrats!

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

ezdoesit · ‎07-05-2014

Big Congrats. Man CA was right on the money

Considering CSP application EDIT: APPROVED!

Considering CSP application EDIT: APPROVED!