jmon117 wrote:I'm pretty new to the credit card game, and I applied this morning. Sadly I didn't get an instant approval, but they said they would consider it, so what are my odds?
Oldest Account: 11 months
Credit I already have...
Amex Blue Cash Preferred: 8k (don't know how that happened, I haven't even asked for the 3x CLI!)
Chase Freedom: 2.2k
Capital One 1.3k
2 student loan accounts totaling about 12k, but I pay well over the minimum monthly
What do you guys think?
You have 4 accounts all of which are under a year old, and only one of them is at or above the CSP's minimum limit of 5k. You are also right on the cusp of running into Chase's "no more than 5 new accounts in 24 months" policy, and if those student loans are new enough, you may be toast on that factor alone.
Assuming the 5 in 24 won't apply, I'd say your chances are fair but not great. I'm not an underwriter but you have a young history and some lower limit cards at the moment, so a 5k+ premium card may be a stretch. You probably would have had a better chance for a Freedom to give some history with Chase and then go for CSP later. Alas, I hope I'm wrong!