Chase

[chalupaman]

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@DueDilligence wrote:

When you guys refer to "SW", what does that mean? If you guys don't mind sharing, what where you current situations to have to take a certain course of action? Thanks for all the insight you guys can give!!!!

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Southwest Airlines card. It's one of Chase's cobranded cards.

[racer-x]

When I app'd for the Freedom and CSP back to back online, I got instant Freedom 6k, CSP 15k.

700 scores

Not sure why such a big difference between the 2 CL's.

[chalupaman]

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@racer-x wrote:

When I app'd for the Freedom and CSP back to back online, I got instant Freedom 6k, CSP 15k.

700 scores

Not sure why such a big difference between the 2 CL's.

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See Nixon's theory.

[Anonymous]

SW was my in with Chase. I got the SW Premier card with a 5K limit and three days later got the SW Plus card with 3K. All with a 614 EX. I have since collected 100,000 bonus miles and was able to grab the companion pass so now my DH will fly with me for free for all of 2015/2016. I will also be flying to Vegas in a few months on points and still have 92,000 left. Last week, I closed the Plus card and rolled the limit onto the Premier so it now sits at 8K. I will roll some of it if necessary, when I app for my next Chase card in the next few months.

[Anonymous]

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@racer-x wrote:

When I app'd for the Freedom and CSP back to back online, I got instant Freedom 6k, CSP 15k.

700 scores

Not sure why such a big difference between the 2 CL's.

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CSP (And most other Chase travel cards) has one set profile that it's looking for and the net for it tends to be wide (within certain demographic), but with little variation except for CL consideration. Most people who are applying for a CSP will likely be in a certain demographic and credit profile range.

Think about the type of person who might spend $4,000 in 3 months or less (let's ignore bonuses for a minute). More than likely such a person (according to the U/W criteria) will have no problem paying an annual fee for value added benefits and thus will appreciate a higher credit limit (Along with the ability to go overlimit afforded).

The Freedom is more of an everyman's card and tends to have a much more fluid qualification profile (much more variation in all aspects, adaptation.)

In my case for example, I qualified for a $5,000 CSP, but was only able to attain $1,500 on a Freedom with the worst possible after promo APR.

What does this mean? Lenient approval standards for less desirable credit profiles, but much more stringent approval and terms standards for those above on the Freedom

Result?

            -Easy, low credit limit, high APR approvals for the masses with average credit.

            -Difficult, high credit limit, low APR approvals for those with better credit. (See: Unicorn 13.99% Pre-qualification)

Income plays a smaller hand with the Freedom as well than it does with the Travel cards.

Does this make sense? Perhaps not. Is it easier to get a higher CL off the bat with a VS only card with Chase/JPM? All signs point to yes. As always though...YMMV.

[Anonymous]

I started with the freedom but recently got offered both slate and sapphire. I appiled for the CSP and got a limited of $5,000 instantly.

[kjel]

I was denied for Freedom last June even after a recon. Scores were 675-705. The resons cited were making minimum payments only on my older cards (true 2+ years ago but not in the past year), that I had an inactive checking account that apparently wasn't correctly closed, and lack of new credit. So I figured I would wait another year.

I closed the account and got a refund check of 3 cents, got a $14K NFCU cash rewards visa, and closed on a mortgage in January. So I pulled the trigger and instant approval with a $5K limit. Scores this time around were 675, 710, 722.