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Stay in garden or App for CSP?

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Established Contributor

Re: Stay in garden or App for CSP?

Thanks for the assist, @ObscureExpert. OP - your score is good enough, but Chase may want to see more time and experience, since you've only had the checking account with them for 1 month, and you're an AU on the Amex card (not sure about the others). Definitely go in branch and talk with a rep. Find out what they look for in an app, so even if you don't meet their criteria this year, you will next year. Also, don't be disappointed because you're a great candidate for other travel cards like the WF Propel, so you can still get 3x points with no AF.

 

EDIT: Chase doesn't hate you. You just have a young account and it sounds like you don't have any cards over $5k (not AU). It takes time to grow, but you're doing everything right. And who knows, maybe the branch will give you a thumbs up?

Garden Gnome
11 CC | 1 PLOC | 0 MTG | 0 AUTO
Youngest account: 2020-01
Freshest inquiry: 2019-11
Under 5/24: 2021-05
Message 11 of 23
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Super Contributor

Re: Stay in garden or App for CSP?

OP have you considered using a HP for a CLI on the CFU? It earns 1.5 UR everywhere, without the AF ( AF not postponed now ) so with a $5k CFU the only bit missing is transfer to partners, but worst case that is resolved when you app CSP... or CSR.
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 12 of 23
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Regular Contributor

Re: Stay in garden or App for CSP?


@NRB525 wrote:
OP have you considered using a HP for a CLI on the CFU? It earns 1.5 UR everywhere, without the AF ( AF not postponed now ) so with a $5k CFU the only bit missing is transfer to partners, but worst case that is resolved when you app CSP... or CSR.

This is really a good option.  It will give chase more spend and they will see how you manage it.  Pretty much would throw the door wide open after probably 6mo. 

Message 13 of 23
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Super Contributor

Re: Stay in garden or App for CSP?


@Bmn5940 wrote:

Hello everyone,

 

It's been awhile since I've been on the forums as I've been staying hard in the garden and didn't want any posts to temp me out of it. I'm trying to get some opinions on whether my chances for CSP are good or not. My current score via Citi Bank Fico is 758 (not sure of the others or what bureu Citi pulls) but credit Karma say:

Transunion

  • 757
  • 7 hard inquries (latest one July 2018 discover student loan)
  • utilization at 3%
  • no lates no misses

Equifax

  • 759
  • 7 hard inquires (latest one July 2018 discover student loan)
  • utilization at 3%
  • no lates no misses

With the stats above and no new credit card accounts since August 2018 (became AU on AMEX cash magnet) do I stand a chance with the CSP? I've had a Chase FU for about two years now the limit has been stuck at $500, I recently opened a college checking with chase for thr $100 offer and because I moved to California for the Summer for an Internship. My current income is about 70k-80k a year (depends on how much I work during school semesters). My highest card is the AMEX Cash Magnet at $6000, then Citi TYP at $2600(just got soft pull increase TODAY!!!), Cap One QS $2300, AMEX BCE $1500, Chase FU $500. With all this what are my chances at a CSP, I travel so much throughout the school year and this card would help waive young renters fees on cars and would let me rack up points for flights. Just since May I've flown accross the country 7 times and the CSP would've been great to have. Also I know about the Chase 24/5 rule do student loan accounts count for towards that rule?

 

Thank you!


1. Forget the Credit Karma scores, they are meaningless.

 

2. The Citicard score is valid, it's a FICO Bankcard 8 score based on EQ data. The score is certainly a good enough FICO score for the Chase card.

 

3.  The 5/24 rule just applies to credit cards.  You don't say whether you're within 5/24 or not.

 

4.  You don't say whether you have any preapproval for it under "Just for You".

 

If you're under 5/24, or if you have a preapproval, you might as well go ahead and apply for the CSP.

 

 


Total revolving limits 654000 (575000 reporting)

Message 14 of 23
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Super Contributor

Re: Stay in garden or App for CSP?


@Taco1933 wrote:

@FortifiedHM wrote:
I know csp is a great looking card, but it is not really a good travel card, earning rate is too low.

You can do better with a Citi premier, or an Amex gold. They have good SUB, less requirement, and better value.

You might be right on the Citi. That seems to be a pretty good earner, though I know nothing about their Thank You points system.  But I prefer the Chase to the Amex for travel. It might earn less, but Chase’s loose definition of travel more than makes up for it.  Book directly through a hotel if you want. Grab bonus points on your rental, Uber, or parking while you’re there. The CSP is pretty solid. 

 

OP: My unscientific opinion is that you’d be okay, but follow the good advice already given, and you’ll find out before you hit submit. 

 

 


In my opinion the Premier card is an excellent card, and the Thankyou points are great.


Total revolving limits 654000 (575000 reporting)

Message 15 of 23
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Super Contributor

Re: Stay in garden or App for CSP?


@Bmn5940 wrote:
Hey everyone thanks for the replies I'm going to do the $1 credit report when I'm off work today but Citi is reporting 758 FICO From Equifax. Trans union and Equifax stats are coming from credit karma though. The newest credit card account I opened was in August 2018 (AU on Amex) all other credit card accounts were opened between 2016-2017 so I believe I'm clear for 5/24. I am under a mile from a chase branch currently and no I haven't had a green check mark offer from chase ever and I've never had an offer pop up under their prequal link as well. My checking account with them is about a month old. I put decent usage through my FU but it's only $500 limit so I can't even buy a flight, bills etc on it as I do my Amex. I am not interested in the Amex gold simply because in school my work schedule fluctuates and some months I need to leave a balance before I get my paycheck to pay off whatever card I'm using at the time. I've never been late/delinquent, no collections, and pretty thin file (I'm 21). I think I answered everyone's questions and I'll report back with my actual FICO report later today. Thanks everyone!

I think you're good to go.


Total revolving limits 654000 (575000 reporting)

Message 16 of 23
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Valued Contributor

Re: Stay in garden or App for CSP?

get a $1 experian trial, refresh all scores and cancel it.  look at your accounts, do a sort.  make sure you are at 4/24 right now before you throw the switch.  other than that you are good I think, you will prob get a low sl because of your short history but its a start.  it has primary cdw which is nice and dealing with the sapphire csr's the few times you might have to is a pleasure, they are professionals and not out sourced or have not been for me.  I would not care about green checks or a branch, if the card is meant to be a cold app will do the trick.  good luck + report back!

Message 17 of 23
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Contributor

Re: Stay in garden or App for CSP?

Just for clarification:

FICO 8 EQ: 758
Updated 05/28/19

FICO Amex Score: 769
Updated 05/18/19

Chase 5/24 rule:
1st Card opened: 06/2016
2nd Card opened: 01/2017
3rd Card opened: 01/2017
4th Card opened: 02/2017
5th Card opened: 08/2018
These are all my cards the only other accounts opened within 24 months ago are student loans. So I believe I'm within 5/24 rule and I'm all clear there.

I have none and have never gotten a "just for you" offer besides "refer a friend" and have never gotten an email offer or mail offer from chase. I also have tried checking the chase prequal site and no offers through that link as well.

I'm headed home currently and am going to do the $1 trial just to see where my actual TU is at. Do you think I should app online or in branch? I have a big direct deposit coming tomorrow into my chase checking hoping that will please them Smiley Happy

P.S. I only use credit karma because the hard inquires section and accounts section is super helpful keeping track of account dates and all my student loans.



Very Happily in the garden until June 2020
Goal Cards:
Chase Sapphire Reserve
Message 18 of 23
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Valued Contributor

Re: Stay in garden or App for CSP?

they don't care about your deposit.  if it were me I would app in branch for sure, you might have a pre-approval and your id is verified by the banker.  the app is done on the intranet vs the net.  the banker can help you recon on the spot.  there is only upsides doing it in branch imo.  the only thing you should sleep on is if this is the kind of card you want or need.  MR, UR, cash, etc.  The WF propel and the uber cards are excellent for what they are.  I happen to love all things chase but its in part because its so easy to aim for the right card in my wallet.  I am sure there are better cards and combos if one wants to milk it for all it's worth.  you have good scores and you have not applied lately, I cannot imagine you not getting anything you seek out, just make sure what you get has purpose or you are just a collector

Message 19 of 23
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Contributor

Re: Stay in garden or App for CSP?

Hey everyone so I'm going to try and go to the chase branch tomorrow and see about applying in branch for the CSP. I've never applied in person before do I ask for someone specific or what is the procedure. Anything special I should say or do? I also posted another thread debating if the CSP is the card for me or not. I think it still is but unsure completely as I'm still learning and building.




Very Happily in the garden until June 2020
Goal Cards:
Chase Sapphire Reserve
Message 20 of 23
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