CSP Probability

[youngandcreditwrthy]

The Slate is the OPs AU account.
I'm sure the Amex approval was based in the AU in the OPs credit history.

Instant approvals, I think, include AUs. I think it's manual reviews involving Analysts that exclude AUs and store credit lines(a Chase Credit Analyst told me once they don't include store cards)
But these manual reviews don't account for FICO scoring-based instant approvals.

[navigatethis12]

At 25000 a year is the Chase Sapphire Preferred a card that you would really benefit from? I agree with CreditScholar that that income isn't enough to qualify for the card.

[09Lexie]

Not sure what OPs FICO score is either...

[Anonymous]

I do not bank with Chase, due to low interest rates.

I'm also not sure how I got such a high credit limit with AMEX. The only thing I can think of that helped me with AMEX was the question of how much I currently have in checking and savings.

I'm still on the table of whether or not to get the card. It looks great overall. My largest spending category is restaurants, so I figured it would be a good option. I was also looking at the Citi ThankYou Preferred. I did like that I could eventually transfer my points to another rewards program and I like that Chase has a stronger customer support department.

[navigatethis12]

At 25000 a year is the Chase Sapphire Preferred a card that you would really benefit from? I agree with CreditScholar that that income isn't enough to qualify for the card.

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@Anonymous wrote:
I'm trying to figure out how the OP was able to get a $10k AMEX with a thin file. It's also a huge jump to go from the Slate to their high tier non-cobranded card as the CSP with a short AAoA.

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I was approved for 10,000 with them with only eighteen months of history, so it can be done.

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@youngandcreditwrthy wrote:


Instant approvals, I think, include AUs. I think it's manual reviews involving Analysts that exclude AUs and store credit lines(a Chase Credit Analyst told me once they don't include store cards)
But these manual reviews don't account for FICO scoring-based instant approvals.

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Perhaps that analyst doesn't, but he's wrong about them not including them because when I've spoken to their analysts they look at the account and definitely have asked. I reckon their computer looks more at just a score when approving for something and they've only used FICO once with me; every other time has been their own take on the Vantage Score. There's really no harm in trying for the card, but why try when it most likely will not be approved?

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@Anonymous wrote:

I'm still on the table of whether or not to get the card. It looks great overall. My largest spending category is restaurants, so I figured it would be a good option. I was also looking at the Citi ThankYou Preferred. I did like that I could eventually transfer my points to another rewards program and I like that Chase has a stronger customer support department.

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The Amazon Visa is 2% on restaurants and has no annual fee. Unless you plan to spend massive amounts of money, it doesn't seem worth it to obtain this card.

[Anonymous]

When I was approved for the AMEX four months ago, the letter stated my FICO was 731. Not sure what report it was. I want to say EX.

[CreditScholar]

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@Anonymous wrote:

I do not bank with Chase, due to low interest rates.

I'm also not sure how I got such a high credit limit with AMEX. The only thing I can think of that helped me with AMEX was the question of how much I currently have in checking and savings.

I'm still on the table of whether or not to get the card. It looks great overall. My largest spending category is restaurants, so I figured it would be a good option. I was also looking at the Citi ThankYou Preferred. I did like that I could eventually transfer my points to another rewards program and I like that Chase has a stronger customer support department.

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Amex may not be able to tell that you're an AU just by looking at your credit reports. Therefore they might have actually believed that the 8k on the Slate was yours.

However if you apply to Chase for the CSP, they'll pull their own internal records at the same time as your credit reports. They'll be able to tell it's an AU account (since the card is their own), and therefore it will be removed when determining your eligibility.

Chase can look into their own card details much more than another lender trying looking in, and this will severely hurt you in the evaluation process.

[djc1puno]

Id wait a few more months before apping just to age ur disco and amex...doesnt hurt to give it a try now so u know what u could be improving if denied...

[Networth]

Honestly even if you were approved, the AF with your income doesn't make much sense doing just some basic math. I'm assuming you have to also live off that 25k(rent, auto, utilties) and not just disposable. Just some food for thought. 

[enharu]

I agree with what navigate and creditscholar said.

Approval odds aside, there's no real point in getting the card with just 25k income. You probably will be a lot better with a no AF card or some kind of card that provides something free each year (like a free hotel night).

Also like lexie said, chase does NOT factor in AU history / accounts. What the analyst can see on their screen, especially accounts with chase, are very detailed. Talk to a PB at chase and tell him to let you at what shows up on his screen when he pulls up your record. It is very detailed, with all payment, spending, disputes, call logs and many other info. They even keep records of old credit reports that were pulled. Now, if a private banker can have access to all these info, the underwriters obviously will too, at the very least.