Chances at CSP

[romey050500]

I really want the CSP and Amex Blue Cash Prefeered card. My current credit score is a 655 Equifax - 656 Transunion I don't know my experian.  Here are my current cards and utilization and opened date.

Navy Federal Flagship Visa 0% of 10,000 - Opened April 2008 (1 30 day late in 2010)

Chase Freedom 0% of $7,000 - Opened January 2007 (6 30 day lates. Last one August of 2011)

Discover It - $499/$2000  Opened October 2006 Never Late

Paypal 0% of $100   Opened June 2004  Never Late

Whitney Bank 0% of $2500 Opened June of 2006 (1 30 day late February of 2011)

Capital One 0% of 500 Opened April of 2013 Never late of  course

Back in 2006-2008 I had 3 American Express Cards. One time, I paid late on one of the cards. Those cards never usually carried a balance. One time I charged something to one of the cards and forgot, and missed the payment due date. I got a call from them to remind of the late payment, and maybe paid 10 days late. I paid the balance in full as I usually do. The very next day, I got an e-mail saying all 3 of my credit cards had been closed. Am I on some type of blacklist with American Express? That was in January 2009. I also have a 90 day late from Citi from January 2010 on my credit report. There are no other baddies on my report. No collections or judgments. If I had to recon, all those late payments were from when I was in law school and waiting on student loans to kick in. I haven't been late since I graduated and curently make a six figure income. In the last 6 months I have 2 inquires on my credit report. One for the Carnival Mastercard, and the other from Capital One. There are a bunch of student loans and two car loans. Never late on any of them.

[Anonymous]

I don't know how forgiving they'd be of the late on their own card (and that which has the most lates). 

[romey050500]

Yea, that's what I was thinking. I was considering calling Chase and doing a product change from Freedom to CSP, then applying for the Freedom again. I was thinking that might be easier. I wanted the 40k points though.

[romey050500]

any advice?

[romey050500]

Bump

[Anonymous]

Wile no one can tell you for sure, the lates are killer and I've not seen too many approvals for a score under 700.

[dodgerslv]

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@Anonymous wrote:
Wile no one can tell you for sure, the lates are killer and I've not seen too many approvals for a score under 700.

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very true. It seems OP has quite a few lates along with some baddies. I got approved for the Chase Marriott and United Club with my EX score below 700. I have one small paid collection from 2011 and 2 chargeoffs (1 paid, 1 unpaid) from 2007. Those are the only 3 baddies on my EX report but have had excellent payment history the last 2.5 years.

[Anonymous]

If you have Chase checking or saving account then you might want to apply in local branch.
At least in my case Chase seems to value account relationship.
You can afford to use one HP.
You should auto pay all accounts so that late's could be avoided.
If you do wait for 6 month then chances for approval would be very high.
Generally 30 day late's have less effect on score after 2 years. You need 2 years of clean history for your scores to go above 700.
With your income you would get very high credit limits.

[blondy250]

Don't take this the wrong way because you seem to be on the right path, but you have zero chance. It's not worth the hard pull, in another year maybe, if your able to get your scores to 700 and those baddies age.

[enharu]

I would say get your scores above 700 first.

You also had several recent lates on your Freedom card. Kinda put you in a bad position with Chase.