Myths , tips and advice on getting a CSP

[SecretAzure]

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@gercredit wrote:

I honestly think it is not so difficult to get this card. I had a credit history for 11 months when I got mine with a 8k limit and around 700 FICO.

I think that when you are a Chase checking customer helps a lot (I am).

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Agree with this statement. I had 0 history with Chase, do not bank with them (probably never will) so only $6K. If they can peer into your bank account, i'm sure it helps them decide.

[kjel]

So here's my experience....

July 2014 I app'd for the Freedom with an EX score in the 690s. I got a 7-10 day and reconned for more info. The analyst advised me that I had a still open checking account with less than a $1 in it and that he said that it looked like I had used the account to just make minimum payments on the credit cards I had (true during the time I actively used the account). Also I did not have any new or recently issued credit. The few late pays from two years ago didn't seem to put them off as I let them know I had been sick and unemployed. Still a denial but at least I knew what they were looking for. I spent the next 6 months increasing existing CLs, got in with Navy Fed with a $14K Visa, and cleaned up my reports a bit more. I pulled the trigger on the CSP after I closed on my mortgage in January but before it reported. Instant approval for $5K!

[SecretAzure]

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@kjel wrote:
So here's my experience....

July 2014 I app'd for the Freedom with an EX score in the 690s. I got a 7-10 day and reconned for more info. The analyst advised me that I had a still open checking account with less than a $1 in it and that he said that it looked like I had used the account to just make minimum payments on the credit cards I had (true during the time I actively used the account). Also I did not have any new or recently issued credit. The few late pays from two years ago didn't seem to put them off as I let them know I had been sick and unemployed. Still a denial but at least I knew what they were looking for. I spent the next 6 months increasing existing CLs, got in with Navy Fed with a $14K Visa, and cleaned up my reports a bit more. I pulled the trigger on the CSP after I closed on my mortgage in January but before it reported. Instant approval for $5K!

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Endurance pays in the credit world. Good job!

[takeshi74]

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@Anonymous wrote:

I've heard as far as people juggling 10k between checking accounts in order to get approved . , share any myths , tips , advice or strategies you used . ... I for example just applied plain and simple , income 26k and credit score was 710 or 715 ., my checking account (with chase) probably had $100 lol and got approved after a verification recon .

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Checking is irrelevant.  As always, consider your sources, validate, corroborate, etc.  It's about credit and income just as it is with any creditor.

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@Anonymous wrote:

The chase sapphire seems like the middle class amex black or JP palladium . That being said a lot of people think it's a pretty slick card and many people want it , of course the bonus points and ultimate rewards make it better 

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The latter is the sort of thing that people should be using to determine if the cards suits the indivdual versus wanting a card for its appearance, "prestige", popularity, material, etc IMO.

[Chaselover]

As u mentioned, i put 12k in their savings account for 6months for getting the approval