Pre-selected CSP 80k offer

[quikj9]

DM was approved last week for a CFU, her first Chase CC with a $4500 SL, still waiting on the card. She just got a Chase mailer for the CSP today with the 80,000 bonus point targeted offer. It has a set APR and says that she has to respond by April 6th. 

Her EX FICO is 706, but should go up quite a bit next month as she's cutting her utilization by a significant amount.

Is that too soon to apply for her 2nd Chase card? The bonus is obviously doing a great job of being enticing. I've just heard that Chase can be a conservative lender. 

[FinStar]

IMO, yes probably way too soon to chase another one!  *pun intended*

Is not so much that they are conservative, it's the fact that AA has been known to happen based on reported instances.  It could be that maybe nothing happens, but I wouldn't risk it personally.  That all depends on her tolerance for risk.

[Remedios]

How long does she have to respond? 

[quikj9]

I see what you did there... Thanks for the advice. I wouldn't want her to incur any AA. She's got her eye on an Ink Preferred down the road. 

[quikj9]

She has until April 6th to respond. 

[Remedios]

Close, but might be doable unless Ink is of higher importance, and she's not over 5/24

My cautious self wants to tell you not to, but I'd be all over it. 🤷‍♀️

It's risky but 80K...

[simplynoir]

By any chance do you already have your own CSP? A simple referral of 15k to go with the normal 60k SUB will make it only 5k short and you two can put it on the backburner while going after a SUB which won't count against 5/24 if she's already under it at the present time

[Anonymous]

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@FinStar wrote:

IMO, yes probably way too soon to chase another one!  *pun intended*

Is not so much that they are conservative, it's the fact that AA has been known to happen based on reported instances.  It could be that maybe nothing happens, but I wouldn't risk it personally.  That all depends on her tolerance for risk.

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I agree with this. What I've seen in some cases, AA is more likely in general even with good scores (700s), but not great scores (800s), but of course YMMV.  Given her score, I wouldn't try it. With an 806 score, I (me, not her) probably would go for it.

[Brian_Earl_Spilner]

Did you seriously just clarify that your use of "I" meant you, not her?

[Anonymous]

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@Brian_Earl_Spilner wrote:

Did you seriously just clarify that your use of "I" meant you, not her?

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No. I suggested that I would probably do it, but I'm not suggesting that she should do it (assuming the same scores) as others have different risk tolerances and might incur more harm to the credit report than I would. My HPs are very low.