Apply for Chase Sapphire Preferred. Need HELP.

[Anonymous]

Hi guys. 

Two days ago, I have submitted the application for CSP. My credit score was 690 (Experian) and had a credit history of only 8 months. My application was rejected but the client manager has submitted the special consideration form for me. (I had about 20K with Chase)

Today, I checked my credit score. It has increased to 732 (Experian). Should I tell the bank the increase of my score? Any advice? Do I have chances to get the CSP? Thanksssssss! 

[Luscher]

maybe call in and recon. have them pull that new report

[myjourney]

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@Anonymous wrote:

Hi guys. 

Two days ago, I have submitted the application for CSP. My credit score was 690 (Experian) and had a credit history of only 8 months. My application was rejected but the client manager has submitted the special consideration form for me. (I had about 20K with Chase)

Today, I checked my credit score. It has increased to 732 (Experian). Should I tell the bank the increase of my score? Any advice? Do I have chances to get the CSP? Thanksssssss! 

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Welcome to the forum

At this point you can tell the manager about it which will mean another HP if you can handle that but why was it denied in the first place?

[Anonymous]

Will that be another hard pull?  I am a bit concerned about the hard pull. Had 3 already.....T_T

[Anonymous]

Thanks! I didn't expect such a quick reply! =D

The manager said it was denied for two reasons; 

1. Credit score was too low (690 when I applied)

2. Length of credit history is less one year ( I had only 8 months)

But he also mentioned since I had 20K deposits with them. He will be able to submit a special consideration form. 

[myjourney]

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@Anonymous wrote:

Will that be another hard pull?  I am a bit concerned about the hard pull. Had 3 already.....T_T

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If you tell the manager yes it will be another HP but it all depends on why you were denied? Why?

[Luscher]

they might want to see 12 months off cc activity first

[myjourney]

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@Anonymous wrote:

Thanks! I didn't expect such a quick reply! =D

The manager said it was denied for two reasons; 

1. Credit score was too low (690 when I applied)

2. Length of credit history is less one year ( I had only 8 months)

But he also mentioned since I had 20K deposits with them. He will be able to submit a special consideration form. 

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In this case I would just let the banker handle it ...Chase likes to see 1 year of CC history at limits at least 5K 

You deposits with Chase may sway....

[Anonymous]

I see. I really wanna get CSP because I travelled a lot. 

I am now having a credit card with CIBC (in canada). The annual fee is 120 dollars per year. CSP offers more benifits and the annual fee is LOWER. 

[Anonymous]

I see. Thanks for the advice. The banker seems to be very proactive. He spent 20 mins to convince me to become their private client.

Not sure where he got the impression that I had 1 million dollars to deposit into their bank......>_<