CSP approval for grandparents?

[rubbinitout]

Hey guys,

This thread is for a CSP app submitted by my grandparents - not me. They are retired and finally taking a trip to Europe and would like access to the chip and no FTF if possible.

Profile looks like this: $0 cc balance, only 1 open revolving card $7500 CL. $20k equity line of credit, 50% util. AAoA is +20yr. A few closed accts, but no baddies. Scores in 720ish range.

They don't need the card, but would like it regardless.

Should have a pretty good chance of approval, right? Thanks!

[yudeology101]

---

@rubbinitout wrote:

Hey guys,

This thread is for a CSP app submitted by my grandparents - not me. They are retired and finally taking a trip to Europe and would like access to the chip and no FTF if possible.

Profile looks like this: $0 cc balance, only 1 open revolving card $7500 CL. $20k equity line of credit, 50% util. AAoA is +20yr. A few closed accts, but no baddies. Scores in 720ish range.

They don't need the card, but would like it regardless.

Should have a pretty good chance of approval, right? Thanks!

---

Chances are pretty good, but do they have any income since they are retired? 

[gdale6]

I dont see a problem here with them getting the card.

[rubbinitout]

Hey thanks for responding... yes, they do have a retirement income that was listed on the app.

HOWEVER....

I found out they actually applied for both the Freedom and United Explorer cards - not Sapphire Preferred. They realized after their apps that they should've applied for the Sapphire. 

Do you think they should cancel the Freedom app and go for the Sapphire?

Thanks

[yudeology101]

---

@rubbinitout wrote:

Hey thanks for responding... yes, they do have a retirement income that was listed on the app.

HOWEVER....

I found out they actually applied for both the Freedom and United Explorer cards - not Sapphire Preferred. They realized after their apps that they should've applied for the Sapphire. 

Do you think they should cancel the Freedom app and go for the Sapphire?

Thanks

---

If they alrady applied for those two other cards, there's no going back and canceling the application process....were they approved?  I don't think Chase would PC right off the bat, but they certain can call the backdoor and ask if this is possible. 

[rubbinitout]

They were told the applications were sent to a second department for further review, but to likely expect the welcome kit within 2 weeks. Based on the initial review, the customer rep said everything looked excellent, but no one explicitly stated an approval yet.

[rubbinitout]

Update:

So, they ultimately applied for 3 Chase cards - Freedom, United Explorer and Sapphire Preferred. Chase canceled the United Explorer, and they then asked for address verification for the Sapphire Preferred.

They received a letter stating the United Explorer app was canceled, but no info yet on the Freedom or SP. It's now been a week since they faxed address verification.

I've read that the address verification by Chase doesn't necessarily lead to an approval, but there still should be a decent chance at both Freedom and SP? The Chase pre-approval link online stated approval for the Freedom at least.

Thanks for the help