CSP Approval Chances

[ezdoesit]

I really like the CSP just wondering if I should apply and take the chance.

Inquires : 5 ex. (2 come off this month) 2 in last month New USAA CC,  Citi CLI.,  Eq.  3 (1 in the last month),  Tu none.

Citi TY                 5500 cl  Bal.    70

Citi Dividend MC 4500 cl  Bal.  400

Usaa Amex        12000 cl Bal   6200 Opened 2 month ago high balance because of BT offer.

Usaa Cash MC  15000 cl Bal.    200 Opened 2 weeks ago hasn't reported yet

AAoA 7.8 years

Several Baddies 30 days late 6 yrs ago. with chase auto

                      (1)60 days late 6 yrs ago.  with Ford motor credit.

No checking or savings with Chase other than current Auto loan different than above opened 2yrs ago term 72 months 29k paying off early 10k left never late.

 myfico eq. 751 4/8/13,  myfico tu 721 4/21/13,   experian plus score 692 4/26/13.

Would like to hear what everyone thinks my chances are with this info.

[ezdoesit]

Forgot to add income 80k

[LS2982]

I think you may have to recon due to the high balances. Might want to bring the util. down some first.

[ezdoesit]

Should I just wait a month until the usaa 15k cc reports that way it will drop my util? 

[sarkell]

I would wait two months show 15k card and lower utility that was card with balance makes it to 4 months. Then they are more likely to match to a higher limit.

[enharu]

---

@ezdoesit wrote:

Should I just wait a month until the usaa 15k cc reports that way it will drop my util? 

---

if a new account reports, generally u have to wait 3-6 months before you should apply with another prime bank.

they start getting paranoid if you apply for one account right after you got another.

so if you don't want to wait, just explain it now. worst case scenario you waste 1 inquiry, and you can try again 3-6 months from now.

[improvingmycredit]

Hey ezdoesit! Welcome to the forums!
Your FICOs are ok- income/limits are good. Baddies are old. AAoA is good. If I were you, I'd wait till the 15K limit reports then app the following month. Your utility will be 19% then. If you app now- utility is too high. Possibility of denial but could probably be turned on recon. Still, you'll end up with a better approval chance and higher limit if you wait. JMHO.