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Trick to getting a CSP?

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distantarray
Established Contributor

Trick to getting a CSP?

Not confirmed but pretty solid in my book.

 

1. Just get a person with a CSP to add you as an authorized user. Then apply. Why I believe this works? two scenarios

 

a) Became an authorized user on my dad's account with a CSP (3months old account) with only 9 months AAOA, 3 months later I got approved for my own. Although it could be debated cause I have 75k in my accounts at the time with Chase.

 

but the second one solidified it imo.

 

b) Friend apped for a CSP, then she told me she only had  7 months of credit history -_-; and that her credit limits were only $300.... total of $600 for two cards............. then I decided to help her so I added her to my CSP the NEXT DAY after the app (app went to decision) Even though she had a 730 score she should NEVER have been approved. She was approved anyways! My reasoning only one that works is. They reviewed the account manually AFTER I added her to my CSP. Or the fact that she's making auto payments on a new BMW lol!

 

 

Her score 730's my score 760's when approved. It was our first 5k + limits ever for both of us, I was also approved for the Freedom for $3,000 on the same day! I also got a mileage plus for $5,000 just arrived in the mail today Smiley Wink  


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 1 of 17
16 REPLIES 16
eviLution
Established Contributor

Re: Trick to getting a CSP?

hey! my asian brother from another mother. wanna help another asian brother out? jp lol


DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
in the garden since 1/24/14 - #GARDENSTRONG
Message 2 of 17
colindidit
Established Contributor

Re: Trick to getting a CSP?

Hey wanna help me Smiley Wink jk
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Message 3 of 17
Revelate
Moderator Emeritus

Re: Trick to getting a CSP?

DA: We've had a bunch of anecdotal reports of CSP approvals being all over the map, and in some instances being easier than a Freedom for those with financial assets and/or demonstratable income.

 

I don't read too much into these as a rule, given how AU's work and how lenders as a whole frown on them (hence their badgering FICO to fix them in the '08 model in the first place), I'd be pretty surprised if this was really a legit method of tricking into a CSP.  I think that it was simply a matter of other approval criteria in both cases especially when taken over the entire set of user reports.




        
Message 4 of 17
redwalker2929
Regular Contributor

Re: Trick to getting a CSP?


@Revelate wrote:

DA: We've had a bunch of anecdotal reports of CSP approvals being all over the map, and in some instances being easier than a Freedom for those with financial assets and/or demonstratable income.

 

I don't read too much into these as a rule, given how AU's work and how lenders as a whole frown on them (hence their badgering FICO to fix them in the '08 model in the first place), I'd be pretty surprised if this was really a legit method of tricking into a CSP.  I think that it was simply a matter of other approval criteria in both cases especially when taken over the entire set of user reports.


I was approved for this card with a score of 705 and had a utilization rate of 38% at the time of applying.  I was initially denied but got approval from a credit anylyst.  The anylst said the automated system had denied me due to 11 inquiries.  He barely asked a single question before approving me in less than 30 seconds.  My reported income at that time was 69K.  Hope this helps!

Message 5 of 17
distantarray
Established Contributor

Re: Trick to getting a CSP?


@Revelate wrote:

DA: We've had a bunch of anecdotal reports of CSP approvals being all over the map, and in some instances being easier than a Freedom for those with financial assets and/or demonstratable income.

 

I don't read too much into these as a rule, given how AU's work and how lenders as a whole frown on them (hence their badgering FICO to fix them in the '08 model in the first place), I'd be pretty surprised if this was really a legit method of tricking into a CSP.  I think that it was simply a matter of other approval criteria in both cases especially when taken over the entire set of user reports.


maybe but it's pretty amazing though getting $1,000 secured cards to $5,000 approved immediately then going less than a year with less than 1 year of AAOA to $2,400 to $108k in credit limits, the credit gods really love me =)


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 6 of 17
jsickz32
Valued Contributor

Re: Trick to getting a CSP?

Ok who wants to add me to their CSP! Ive been denied for it 5 times now Smiley Sad
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Message 7 of 17
colindidit
Established Contributor

Re: Trick to getting a CSP?

I wouldn't have a chance for it til next year and even then I'd have to recon I'm sure lol
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Message 8 of 17
koalablue
Frequent Contributor

Re: Trick to getting a CSP?

Ok who wants to add me to their CSP! Ive been denied for it 5 times now :smileysad:

 

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Kind of surprised you were denied - you have some very nice cards and some good limits.  What reasons do they give for the denials?  You will get the CSP at some point.

Message 9 of 17
distantarray
Established Contributor

Re: Trick to getting a CSP?


@koalablue wrote:

Ok who wants to add me to their CSP! Ive been denied for it 5 times now :smileysad:

 

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Kind of surprised you were denied - you have some very nice cards and some good limits.  What reasons do they give for the denials?  You will get the CSP at some point.


and that's probably the reason for denial =P wayyyyyyyyyyy too many cards imo lol


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Message 10 of 17
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