Chase Sapphire Reserve approval and limit question.

[Anonymous]

Ok, I have seriously read through every thread on here regarding the CSR, along with the reddit posts and the database.  For whatever reason I always spook myself out when I know in my head I should have no issue but here we go:

AAoA - 9 years 11 month.

Total Credit line currently - $49.8k on 4 cards (2 chase $7k, $8k (turned off automatic increase many years ago, these were my first cards, one previously a Washington Mutual which Chase absorbed), 1 BOA ($22k), 1 Paypal Extras ($12.8k))

Current credit Utilization - (On credit report 15%), in reality about 9-10% as some paid things haven't reflected quite yet. Zero balance on Chase Accounts.

Income about $150k

Scores: Ex - 804, TU - 798, Eq - 801

Never a single baddie

5/24 - Zero/24

My main question regarding this is should I apply now, before the year ends, or wait for the utilization to drop (which may not report until after the new year).  I am unsure what, if any, changes will come to the CSR program, especially since Sapphire Chief is changing as of Jan 1 2018.

Realistic Credit Limit based on what you see? I am guessing my SL could be influenced by the tad higher utilization currently on my CR.

[Anonymous]

aren’t some perks on CSR calendar year? If so I’d say it doesn’t matter but you’ll miss out on 2017 perks either way since it’s almost the end.

I’d just bite the bullet and app. With your profile you seem like a shoe-in!

Report back please.

[Anonymous]

What are the limits on the cards you currently have?  Looks like your average limit is about $12k-$13k, but it would be good to know what your actual 4 limits are.  Some lenders (not sure if Chase is one of them) will place your SL sort of in line with where your current limits are.  Some will best your top limit by a little, some will come up short of it.

Competey shooting from the hip based on your provided data, I'd estimate your SL would be around $20k.  I think the range would likely be $15k-$25k, possibly depending on where your current limits stand.

I'd also suggest hitting up the credit pulls database and taking a look at the approval SLs from others with similar profiles to yours.

[bourgogne]

do you know what your chase internal # is?  make sure the chase cards have zero on them would be my rec..

[Anonymous]

Assuming you have fewer than 5 new accounts in the last 24 months, and you don't own any Sapphire card (CSP or the no-annual-fee Sapphire), then you're safe to apply now, particularly if your area has a Chase branch you can visit and have a banker to check if you are preapproved in their internal system. Anyways your utilization looks good, not much to worry about.

Just note that Chase Sapphire Reserve will have a minimum starting limit of $10k since it's a Visa Infinite card. So you might want to take a look at how much you already have with your current two Chase cards.

[Anonymous]

All questions have been answered, edited my original post to include credit limits and 5/24.

No I do not currently own any other Sapphire cards.  I am in Detroit area so we have about a million Chase Banks that you could throw a rock at.  Lol, I am sure I could head over to one in person. 

[bourgogne]

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@Anonymous wrote:

All questions have been answered, edited my original post to include credit limits and 5/24.

No I do not currently own any other Sapphire cards.  I am in Detroit area so we have about a million Chase Banks that you could throw a rock at.  Lol, I am sure I could head over to one in person. 

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curious, why turn off auto-clis?  pay the chase cards off, head to a branch and get your new card.  my guess is $30-$35K as long as you have never been late with chase, never had a return payment,  never had anything go south with them. 

[Anonymous]

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@bourgogne wrote:

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curious, why turn off auto-clis?  pay the chase cards off, head to a branch and get your new card.  my guess is $30-$35K as long as you have never been late with chase, never had a return payment,  never had anything go south with them. 

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I did it many years ago, these two accounts are 13 or 14 years old.  When I was younger and less responsible, I turned them off after they gave me 2 in my first year.  I didn't want to get ahead of myself and I guess I never turned them back on! They are both slate cards, I rarely use them either, so I will likely close one and transfer the line to the CSR and keep the other one open or even transfer some of that line as well to the CSR.

I have never had a negative mark with any lender.

[bourgogne]

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@Anonymous wrote:

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@bourgogne wrote:

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curious, why turn off auto-clis?  pay the chase cards off, head to a branch and get your new card.  my guess is $30-$35K as long as you have never been late with chase, never had a return payment,  never had anything go south with them. 

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I did it many years ago, these two accounts are 13 or 14 years old.  When I was younger and less responsible, I turned them off after they gave me 2 in my first year.  I didn't want to get ahead of myself and I guess I never turned them back on! They are both slate cards, I rarely use them either, so I will likely close one and transfer the line to the CSR and keep the other one open or even transfer some of that line as well to the CSR.

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hum hold on for a second there hoss, don't close a chase account with age on it.  pc one into a freedom and the other to a unlimited & hello chase trifeeca.  having these 3 cards is the entire point behind being with them imo

[Anonymous]

Off topic here, but can someone explain the Unlimited with respect to UR?  I know it's 1.5% back on everything, but is it more with UR somehow?  Just trying to understand how the Unlimited can be the "better" option to a 2% general spend card like the Citi DC, for example.