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Does Income matter- Chase Sapphire Prefered?

Frequent Contributor

Re: Does Income matter- Chase Sapphire Prefered?

BCF wrote:

My income is 25k and I am a student, look at my signature for my CCs. Do you still think your income is low for 5k limit?!



Sutdent, 24k income, 3 years and some change AAoA, 21 years old, highest limit was a 3k Freedom card and I was approved. 


Oh and I had only been at my job for 3 months.

EQ FICO - 718 - 01/10/2012 EX FICO - 732 - 04/28/2012 (AMEX)

Cap1 Platinum (1000) Macy’s (2000) Chase Freedom (3000) Kohls (600) Best Buy (2700) Amex BCE (8200) Chase Sapphire (5000) CarCare1 (1600) Discover IT (4000)
Message 21 of 26
Valued Contributor

Re: Does Income matter- Chase Sapphire Prefered?

frugalQ wrote:
I was just reading about the CSP card today on, and it said there was an income limit of $120K to qualify for the card.

I was shocked as I did not realize the Sapphire cards had such a high income limit. Maybe that card review is outdated?
This was their original target customer profile, that is someone making 120k a year. Obviously approval standards for the CSP aren't always that strict, but when the card was originally designed and introduced their ideal cardholder would make about 120k. Not everyone fits into the ideal.
EX 798, EQ 789, TU 784
American Express Platinum (NPSL) || Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Barclays American Airlines Aviator Red World Elite Mastercard - $20,000 CL || Chase IHG Rewards World Mastercard - $25,000 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL || Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank Hilton Reserve Visa Signature - $20,000 CL || J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Message 22 of 26

Re: Does Income matter- Chase Sapphire Prefered?

Cdnewmanpac wrote:

There is a big difference between 2 months at your current job and 2 months at any job (or a radically different job). If you were doing the exact same thing for 10 years at a different company, I doubt it will have any effect whatsoever. If this is your first job post college, most high limit cards are going to want to see more than 2 months of work history. What the job is also can matter. It certainly did for me during my Chase recon. The credit analyst specifically mentioned that being university faculty would help (presumably he recognizes how hard it is to get rid of usSmiley Tongue). I don't know if total income matters for every card, but since the csp is an NPSL card (or whatever the technical term is for the ability to exceed your limit with visa sig), it will presumably play a role with this one. Finally, hard to tell without knowing debt to income. 50k/year for someone who owes nothing is probably fine. Someone with 200k of student loans leaving deferral in 4 mos is a different story.

You know that's an interesting point, though payment history on other tradelines typically can demonstrate income vis a vis employment over time.


I do wonder though about the processes and how much control either a CSR or individual underwriter has on things for making more judgement calls; I know back in the day my having worked at Microsoft meant something to potention employers at least, and when I was talking to a BOFA CSR recently about what was probably a gimme CLI on a secured card, when I mentioned my current employer (that everyone in the US has heard of, and statistically 62% by a semi-recent poll might think favorably on) the entire tone of the conversation changed for the better... even though I told them straight out that I'd "just started!" my employment with them.


Then again, they could see my utilization on the card over the last 9 months, and could also see my main checking account activity over the last 15 years, but every little bit helps I guess when it comes to credit approvals.


Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)

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Message 23 of 26
New Contributor

Re: Does Income matter- Chase Sapphire Prefered?

I think income plays a large part in the decision ... at least it did in my application (presumably)


When I applied last month I had a EQ score of 675 (the score they pulled) and 4 late pays over the past 3 years.  My largest credit limit at the time was $3,900.00 (Discover)


Ordinarily, you would think instant denial, right?




Income is $150,000/yr.   Instant approval with a $22,500.00 credit limit.


The lesson from my experience?  Income matters.  A lot.

AMEX Platinum - NPSL (Approved for $75,000.00)
AMEX Gold Business - NPSL
Chase Sapphire Preferred ($22,500.00)
Bank of America Cash Rewards ($5,000.00) - Sock Drawer
Discover ($4,500.00) - Sock Drawer
Capital One Venture ($7,500) - Sock Drawer
Message 24 of 26
Established Member

Re: Does Income matter- Chase Sapphire Prefered?

I make $35k a year and have the CSP. Its a great card, especially if you travel.... and gotta love that 1:1 point transfer.


Take a look at my thread from April:


I really do think YMMV, and if you get denied... its all in how you talk to the Recon Agent. Good luck!

April 2011 -- EQ: 593, EX: 603, TU: 619
April 2012 -- EQ: 699, EX: ???, TU: 714
May 2012 -- MyFico EQ: 743
July 2012 -- MyFico EQ: 760!!!
Wallet: Chase Sapphire Preferred: $5K CL, AMEX BCP: 1k CL, Chase Freedom: 3k CL, Sams Club Private Label: $5k CL, BofA 1-2-3: 5k CL
Sock Drawer: Cap1 Platinum, 1FBUSA
Message 25 of 26
Established Member

Re: Does Income matter- Chase Sapphire Prefered?

I made a payment on my freedom and now it has a balance of $800. My statemnt closing date was 27th, when will tis payment be updated? i want to make sure that its there before I apply.


I am glad to hear that fols under 50K are also getting approved.

Message 26 of 26