jbenz316 wrote:Hi Everyone - *first time poster*
I'm trying to gauge my chance of getting approved for a CSP card.
I just checked my Equifax number through FICO and it's 726.
My current salary is 51,700.
I have a $10K student loan that I'm paying off (all payments on time).
I have a Gap Visa (GE Capital Retail) credit card with a limit of 3K that I've paid on time and is currently under 30% utilized.
My name is on a shared Capital One Premium card which has a limit of 19K, under 30% utilized and all the payments are on time. I didn't think those types of cards counted towards me, but it shows up on Credit Karma under my credit cards (i know that Credit Karma isn't the most trustworthy, however).
I have been banking with Chase with a checking account since May '12 and opened a savings account last month - to hopefully help my chances of getting approved for the CSP.
Taking all this into account, what would your best guess be as to my potential approval for the CSP card? If I don't go for that card, I'll probably just go for the Freedom and call it a day.
Thanks to everyone in advance for helping out, I'm glad I found this forum!!
1) Go back to the FICO site and pull your Experian score. That's more important than the Equifax score, since Chase usually (but not always) pulls Experian. Also, the EX score will likely be higher than the EQ score, since it's the 08 model and EQ has not migrated all users to the 08 model (Beacon 9.0 version).
2) While looking at the EX report, check your inquiries. Chase can be sensitive to inquiries. Also, go back and check your EQ for inquiries. My guess is, based on what you've provided, your inquiries are low, unless you've applied for credit recently, besides for the CSP card.