Considering Chase Sapphire Prefered, 1 Month Plan

[distantarray]

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@alboto wrote:

BobWang is the AU kingpin too, lol.

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lol he's like the Mandingo of the credit card industry LMAO his credit file is "too thick" and gets turned down for credit sometimes LOL he has 64 accounts listed on his credit file so he's a credit whore/guru lol but he's funny and very smart and knows what he's doing that's for sure.

[toful]

Lol, I guess I'll just stick with my current plan

[Bay_Area_Joe]

Hello,

I will say, I received my card in the mail yesterday.

I apped with them about 3 weeks ago, myFICO's are good 743 and 723, and Experian 728.

I called EO after applied, the most concern they had with me was I have received about 30k in new credit in the las 6 months. I have 7 HP with Experian in the last 12 months.  And they did use EXP for me.  I have under 10% UTL, never a late, 16 year of history, but about a 3 years AAoA due to new accounts.

I also got a Marriott Sig Visa in March from Chase with 12k limit.

I wanted the card BAD....   The last card for me until EXP is 12 months clear of INQ's.  Then AMEX time.

No baddies, at all, none, ever....

It was not about anything except how many new INQ's and how much new credit I had in the last 12 months.

They were not going to approve me for any additional credit, so I had to move 5k from the Visa Sig to the CSP to get it open.

Beautiful card,  I will start using today.  I did the MC version so I could use at Sams Club.

I accomplished my goals for this year, Visa Sig, MC World, Discover over 10k, CITI over 10k and Personal LOC 10k.

I froze my EXP report to stop myself from trying to get AMEX....

I also found the magic UTL is 1% to 2%. But only have balance on one CC account, plus any installment loans you have.   There was a difference in score with I had three CC balances report, even though those balances were less than 500 total.

[toful]

Thanks for the advice! So it looks like 2% on one card it is, I think I'll put it on my BCE so Chase sees I pay everything off all the time. In fact, I already started paying it off so they'll see multiple payments from me before the statement is even ready

I guess I can't do anything about the inquiries and age, I'll go for it anyways because if I don't get it, I'll just stick with the BCE and Freedom.

I hope my score is good enough to sway them!