Welcome! That car in bankruptcy seems it could be a problem with Chase but i maybe wrong. Perhaps you can explain that a bit more and im sure the Chase experts can chime in on your odds or what you may need to do to accomplish your goals. Again welcome and thanks for posting
@Work wrote:
I think I'm limit over 5/24 but again,
I'm not applying now but TRYINg to achieve this card in the future,
Just need few tips I.e. Fico score, inquiries and idea utilization that chase might be looking forㅋ
There isn't really a secret formula for this card, compared to anything else.
Excellent credit is the same across the board... don't have negative items, keep your cards paid off, allow only 1 card to report a small balance each month and the rest to report zero.
Patience
@Anonymous wrote:
@Work wrote:
I think I'm limit over 5/24 but again,
I'm not applying now but TRYINg to achieve this card in the future,
Just need few tips I.e. Fico score, inquiries and idea utilization that chase might be looking forㅋThere isn't really a secret formula for this card, compared to anything else.
Excellent credit is the same across the board... don't have negative items, keep your cards paid off, allow only 1 card to report a small balance each month and the rest to report zero.
Patience
Not at all what the OP was asking or a constructive/realistic comment...I am pretty new to this, but have still learned thus far that there is more to the equation than "Excellent credit is the same across the board... don't have negative items, keep your cards paid off, allow only 1 card to report a small balance each month and the rest to report zero." - Especially when dealing with this level of a card.
I am setting myself up to be able to be a Candidate for the Chase Sapphire Reserve, as well as other "high end" cards (and/or banks) - and have seen many data points that seem to "qualify" you for a "Chance" at this type of card...the statement of "There isn't really a secret formula for this card, compared to anything else." isn't true at all!
There is definitely a "secret formula for this card", as it is not approved solely on score alone...
Excellent Credit is a matter of perspective (and it's the lender's that counts) - having a good score does not equal having a good credit (or a good credit "profile")
For Example:
- If your highest CL is $2900 on any of your cards with a 800 score, you probably won't get the $10K Starting Limit required to be approved for the card
- If your income is $20K with a 800 score, you probably won't get this card
- If you just did a bunch of apps with a 800 score...you probably won't get this card
- if you only have store cards with a 800 score, you probably won't get this card
- if your AAoA is 6 months, you probably won't get this card (and your score is 740+, as I think it's hard to get 800 with an AAoA of 6 months...)
I have seen many Data Points that show that having a relationship and history with Chase via Checking Accounts or CC's helps a lot in stacking the odds in your favor (although not guaranteed)...
I am no expert here, and I hope that some of the other gracious and experienced members here will provide more direction on what to try and do to "Plan" for qualifying a card at this level...most of the members on here, were or are currently looking for direction (myself included), and I think the OP really made an effort to state that what what he was attempting...
Keep asking questions, researching here and other sites and I am confident you will find many data points and responses to help lay out a plan to get you ready for the higher end cards...I wish I could contribute more to your question, but will defer to others that are more experienced and willing to provide better responses than the one above...as I know it will benefit many of us that are searching for answers and direction in an area that we want to learn about...whether immediate or in the future.
I am still early enough (really just the beginning) in my quest to know how overwhelming the amount of information out there and learning it can be.
Good Luck in your quest!
Now that the 100k signup offer is gone for the CSR maybe people should reconsider if this is a card they really need. A lot of the hype was about the large signup, but I'm not so sure that its a card worth chasing at the moment unless you can leverage it to offset the AF.
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