How to get CSP!? Need helpful advice

[Anonymous]

Hello all,
Limits:
Us bank visa 3k
Us bank loan 1,500 ( paid off )
Capone MasterCard 1,500
Bank of America visa 500
American Express green card

Transunion 700

AAOA 4 years
Oldest account 6 years
Overall utilization. 50%

Income 40k

I'm worried I will get declined because I don't have a visa signature card and never had a 5k card.. Any advise or tips please

[Anonymous]

Age: 26

[12njoy]

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@Anonymous wrote:
Hello all,
Limits:
Us bank visa 3k
Us bank loan 1,500 ( paid off )
Capone MasterCard 1,500
Bank of America visa 500
American Express green card

Transunion 700

AAOA 4 years
Oldest account 6 years
Overall utilization. 50%

Income 40k

I'm worried I will get declined because I don't have a visa signature card and never had a 5k card.. Any advise or tips please

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I'm no expert here, but I think you may want to lower your utilization.  I would probably suggest the Freedom or Slate to start with.  I started with a Freedom in March 2013 which I had to recon to get approved for $500.  Kept this card until almost September 2013 and closed.  Applied for Chase Slate in October 2013 and approved for $2,500.  Requested cli on Slate in January 2014 with HP approved to $5,000.  Applied for Chase Southwest Visa Signature on March 5, 2014 and approved for $5,000.  Tried for CSP a couple days ago and was denied.  However, called backdoor number and they closed Slate for me and opened CSP and will give me the sign up bonus.  All of this and I had an old BK with Chase which they still remember.  I would start with a Freedom or Slate and establish a little history with them and then go for the CSP.

[12njoy]

Also, here in Ohio they seem to pull Equifax.  At least for me anyway.

[Anonymous]

Yea I can lower my utilization.. Seems like people start with the freedom..

[Anonymous]

What's a good utilization to be at ? Obviously 0, but I can't pay it off all as of right now lol

[ftomasze]

Hey -- With no prior relationship with Chase, no cards under $5K, and high utilization...I would steer clear of the CSP for awhile. As the poster before me said I would probably be in your best interest to build a relationship with Chase by starting out with a Freedom. Unless you need the Slate for a BT the card, IMO, is useless. I would open up a checking with them as well, if you have the ability to meet the requirements to have the fee waived for the extra 10% points on the Freedom.

[Anonymous]

$0 on all cards except for 1 card, util between 1 - 9% 

[ftomasze]

Also, another word of advice. Lowering your utilization will aid in meeting the minimum spend on the CSP indirectly by not having to worry about paying other cards while trying to do it.

[B335is]

Of your cards BoA has the best chance of getting to $5k if you are willing to take HP. US Bank will take awhile. I took a different route in getting a GE backed card and calling Credit Solutions which only took a few months to accomplish.