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Finally got my foot into Chase..

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burnzeyy
New Member

Finally got my foot into Chase..

Hey everyone, a longtime lurker here, but this is my first post here, and I wanted to provide some data points on the CSP.

 

Background Info: I ran into a few personal issues a few years ago, and I saw my credit score decline significantly after making multiple late payments (28) on a car loan. I was, safe-to-say, financially irresponsible. But, I finally got my stuff together and got caught up with those payments. Last Friday, I had 4 pre-qualified offers show up for Chase (Slate, Freedom, FU, and CSP). This was the first time any pre-qualified offers have showed up. I know some accounts had not posted yet, so I waited until yesterday to give the CSP a go, and received the 30 day notice. While checking my Chase account this morning, I saw a new account had been added! I'm not sure if this is a factor at all, but I've maintained a checking account with Chase for the past 8-9 years, yet in the past, I've never been able to get approved of any credit card with them, even with a banker recon.

 

SL: $5000

APR: 23.74%

Pulled: TU and EX

FICO TU: 649 3/26

FICO EX: 635 3/27

Income: $65000, Own

FWIW, CK TU: 685 3/28

 

Factors:

Installment Car Loan: 50 Months, 24 30 Days Late, 4 60 Days Late, Closed Feb 2016

1 Collection, Closed May 2016 settled for less than full balance

62% Utilization: 4 Retail, 4 Credit, No lates, AAoA - 3 yr, 7 mths, 5 Inquires

Kohl's - $300 (8% 5 yr, 8 mths)

Amazon (Sync) - $680 (57% 1 yr, 4 mths)

Macy's - $1000 (20% 5 yr, 8 mths)

GameStop (Commenity, went through a gaming phase) - $1220 (51% 1 yr, 10 mths)

BoA (Graduated secured w/o CLI 🤔, only keeping it due to being oldest account) - $400 (12% 6 yr, 8 mths)

Credit One Cash Back (Cancelling ASAP with this approval, TBH not even sure why I have this 🙃) - $650 (28% 9 mths)

Cap1 QS1 (Daily Card) - $2250 (67% 1 yr, 4 mths)

Cap1 Platinum (Used for school-Once paid off by May, planning to PC to QS w/o annual fee and move the QS1 limit to this once that is paid off)   - $4750 (80% 5 yr, 8 mths)

 

My plans for the CSP is to use it as a daily and pay for my summer and fall classes while the rest get sockdrawed (except Credit One-that's getting cancelled and cut up); easy way to meet the min. spend for the bonus!

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Finally got my foot into Chase..

Congratulations on the awesome approval and welcome to the forums! 

 

I'd focus on paying those balances down asap! You're running a high utilization. You'll see a nice score bump once you do!! Again, grats on the approval!

Message 2 of 5
Jerry45
Valued Contributor

Re: Finally got my foot into Chase..

Congrats!!!  Pay that bad boy in full every month, to avoid that APR, and use the card to get more top tier CL's.

Message 3 of 5
kidink1911
Established Contributor

Re: Finally got my foot into Chase..

Congratulations on your Chase approval!

PERSONAL: AMEX Platinum- NPSL / AMEX Gold- NPSL / Macy's AMEX Card- $4,500 / SavorOne- $500 / PenFed Gold Visa- $5,000 / Venmo Visa - $20,000 / PayPal MC- $20,000 / PayPal Credit- $1,700 / NFCU Visa Signature cashRewards- $5,800 / AMEX Delta Platinum- $4,200 / NFCU More Rewards AMEX- $3,400 / NFCU Cash Rewards- $4,000 / Credit One Platinum Visa Rewards- $1,000 / Discover IT Chrome- $1,000 / Capital One Venture- $3,550 / AMEX Cash Magnet Card- $1,000 / Belk MC Card- $800 / Citi Shell Mastercard- $400 / Credit One AMEX- $800 / Capital One Spark- $700 / Capital One Platinum- $300 / Citibank Shell- $400 / Oportun Visa- $500 / Fifth Third Bank MC- $300
BUSINESS: American Express Business Platinum- NPSL / AMEX Hilton Honors Business Card- $3,000 / AMEX Delta Platinum Business Card- $3,000 / Marriott Bonvoy Business Card- $3,000 / American Express Business Gold- NPSL / American Express Business Green- NPSL / Sam's Club Business Mastercard- $20,000 / Floor and Decor Pro Premier Business- $20,000 / Phillips 66-Conoco-76 Business Gas Card- $5,000 / Walmart Community Credit Line- $5,000 / Fuelman Mastercard- $3,000 / Amazon Synchrony Business Credit Line- $5,000 / Lowe's Business Credit- $5,000 / Office Depot Commercial Credit- $2,500 / Tractor Supply Company Business- $1,500 / Citi Exxon/Mobil Business Gas Card- $3,000 / Speedway Business Mastercard- $4,500
Message 4 of 5
Anonymous
Not applicable

Re: Finally got my foot into Chase..

Congratulations!! that is my next goal,  the CSP!... I could probably get it now but I have some other offers active at the moment and its not a sure thing. I'm working on my credit file to have a more solid opportunity when I apply for it and not risk any HPs. 

 

Again, congrats! awesome card.

Message 5 of 5
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