Credit score needed in 2013 for Chase Sapphire Preferred?

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4 posts
CCNOOB
 
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Joined: Thu May 16, 2013 10:16 am
Location: Brooklyn/NY

Credit score needed in 2013 for Chase Sapphire Preferred?

Postby CCNOOB » Thu May 16, 2013 10:46 am

I would like to know what my chances are for being approved for a Chase Sapphire Preferred.

-My credit score on Credit Karma is a 724.
-I have an Amex Blue Cash Everyday with a credit limit of $6000, a little less than a year old
-I have an income of 50k.
-I graduated last year (May 2012) and have 5 student loans open.
-No auto/home loans
-No history with Chase besides my checking account/debit card
-Credit history is young (2 years 8 months) but 100% payments made on time

Thank You!


marzbarz
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Location: San Antonio

Postby marzbarz » Fri May 17, 2013 1:05 pm

Probably pretty slim, however I bet you could apply for the freedom card (which is a great card) to establish your relationship with Chase. Is the Amex card your only CC? The lack of credit history is probably what would deny your app.
AMEX Blue Cash: $23,500
CITI Doublecash (World Elite MC): $9,600
CAPONE Quicksilver (VISA Signature): $12,500
CHASE Freedom (VISA Signature): $20,000
USAA Rewards (World MC): $13,500
USAA Rewards (VISA): $18,500

Robrus1
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Location: Texas

Postby Robrus1 » Fri May 17, 2013 1:12 pm

I think you'd be approved.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K


MemberSince99
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Location: WI

Postby MemberSince99 » Fri May 17, 2013 1:26 pm

CK Score is not really all that relevant often times. They like to see a year to two years of revolving history, this was told to me directly by one of their underwriters. You are close I'd wait until you have a year reporting. The over 5k limit on the Amex will help you. My guess is once you've hit a year, you should be approved. If for some reason you are denied, I'd say the odds are great you can call their underwriters and recon it to an approval.

Also it goes without saying you want to have under 10% utilization showing when you app 1-9% is ideal/optimum as this shows use but not anything to alarm them. Don't app when you have 90%. I don't mean to be insulting just want to be sure you are aware so you have the best shot.



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