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[Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

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[Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

Hi guys,

 

I'm pretty new to this credit card stuff so bear with me if I don't sound as sophisticated as yall do haha

 

I held just one secured card for a long time (2.5 yrs) with CL at $300. I was still able to bump my score up to EX 765 and TU 750. I was pretty excited that my patience paid off and decided to start applying for premiun cards with dope rewards. After researching for weeks, I came up with a gameplan to first apply for Costco Citi, wait a few months, then apply for CSP. I must say I was not as patient as I was for the past 2.5 years. 

 

Long story short, I got approved for Costco Citi with CL $6k back in February. My score went down to EX 751 & TU 742. I was still in a good place and felt pretty confident that I'd probably be able to get CSP relatively easily in 3 months.

 

NOPE. I got super impatient and wanted to make the most of my travel expenses and take advantage of no foreign transaction fees so I applied  for CSP yesterday. Dinged my score down to EX 741 & TU 720 (ouch). I was NOT approved instantly. I called the customer support to check on the status and the robolady said I'll get an answer in 30 days. I was pretty anxious but decided to wait one more day to get connected with an actual person. So this afternoon, I decided to call the robolady again before just to see if the messaging has changed and found out that I was APPROVED for CL $6.7k.

 

I just wanted to share this to encourage any secured card holders envying others with premium cards. Be patient. It will pay off!! I know there are other mid-level credit cards people get between secured card and premium but I was able to skip all of those! It might not be the best strategy but I'm finally part of the CSP family.

 

My next target, of course, is CSR...

 

Thanks for reading y'all.

11 REPLIES 11
Super Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!


@waynesong wrote:

Hi guys,

 

I'm pretty new to this credit card stuff so bear with me if I don't sound as sophisticated as yall do haha

 

I held just one secured card for a long time (2.5 yrs) with CL at $300. I was still able to bump my score up to EX 765 and TU 750. I was pretty excited that my patience paid off and decided to start applying for premiun cards with dope rewards. After researching for weeks, I came up with a gameplan to first apply for Costco Citi, wait a few months, then apply for CSP. I must say I was not as patient as I was for the past 2.5 years. 

 

Long story short, I got approved for Costco Citi with CL $6k back in February. My score went down to EX 751 & TU 742. I was still in a good place and felt pretty confident that I'd probably be able to get CSP relatively easily in 3 months.

 

NOPE. I got super impatient and wanted to make the most of my travel expenses and take advantage of no foreign transaction fees so I applied  for CSP yesterday. Dinged my score down to EX 741 & TU 720 (ouch). I was NOT approved instantly. I called the customer support to check on the status and the robolady said I'll get an answer in 30 days. I was pretty anxious but decided to wait one more day to get connected with an actual person. So this afternoon, I decided to call the robolady again before just to see if the messaging has changed and found out that I was APPROVED for CL $6.7k.

 

I just wanted to share this to encourage any secured card holders envying others with premium cards. Be patient. It will pay off!! I know there are other mid-level credit cards people get between secured card and premium but I was able to skip all of those! It might not be the best strategy but I'm finally part of the CSP family.

 

My next target, of course, is CSR...

 

Thanks for reading y'all.


You can't get both a CSP and a CSR.


Total revolving limits 732500 (606000 reporting) 12/4/20 FICO 8 scores: EQ 715 TU 760 EX 735
Message 2 of 12
Valued Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

YOU...

awesome congratulations GIF by Slanted Studios

CONGRATULATIONS on your Approvals, AWESOME SLs, and Welcome to the FORUMS!!!

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | 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 |
Apple Card MC $6K | NFCU cashRewards $1K
TCL - $114K+ | Rebuilding since April 2018
Message 3 of 12
Community Leader
Senior Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

Congrats! 

Got some pruning to do... No more new cards!
Message 4 of 12
Senior Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

Congratulations on your CSP!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 5 of 12
Senior Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

Congrats on your approva and very nice SL

Welcome to CSP family

 

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 6 of 12
Valued Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

Congrats on your approval and journey!

American Express Business Gold(NPSL 10k) Chase CSP (25k) Pier 1(23.5k) BofA CR Siggy (20.8k) BofA BBR (22.1k) Amex BCP(18k) Overstock (21.1K) Lowes (17K) NFCU CLOC (15K) NFCU VS Cash (15K) Care Credit (15k) J Crew( 11.9k)Venture WMC (10.25k) Amex Everyday (10k) Chase Slate (10k) Walmart MC(10k) BB Visa (10k) Discover(9.5k☝️) PayPal Cashback Mastercard (8k) Chase FU (7.4k) Citi AAdvantage Gold World Elite (9.5K) Citi Double Cash (8.5k) Fidelity® Rewards Visa Signature® Card (6.5K) PenFed PCR (5K) PayPal Credit (4550)Discover (4.5k✌️) Kohls (3k) Chase Freedom (1500)

Mortgage May 2017 - 2 auto loans (1 PenFed and 1 Navy) Aug 2018=98K
Gardening until Aug 2020

FICO 8 Scores EX 693(7) EQ 687(9)TU 708(10)
AAOA 4yrs TCL=332,600
Message 7 of 12
Established Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

Congratulations on your approval!  Thank you for the words of encouragement.  I am one of the folks who are "in between", and I am waiting patiently to things start looking up.  LOL

October 2019 Current Scores: Experian-670
TransUnion-680
Equifax-696
Goal for 2019: Scores of 675 all across the board.
Gardening until Spring 2020

Cap One (PCed to Quicksilver 7/20/18) $500
C1 Quicksilver One $1.6K
DiscoverIt Chrome $1.8K
Walmart Store Card $500
Ollo Rewards Card $800
Amazon Store Card $1K

Cards I Want: Paypal 2%, CareCredit, Capital One Savor

Total Utilization: 30%
No baddies
Inquiries to Date- 3


Message 8 of 12
Frequent Contributor

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

That's awesome...congrats

 

Message 9 of 12
Moderator

Re: [Secured -> CSP] This credit card newbie got approved for Chase Sapphire Preferred!

Good job, enjoy it Smiley Happy Welcome to the board.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 10 of 12
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