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  1. #1
    Green Member
    Join Date
    May 2013
    Location
    Brooklyn/NY
    Posts
    1

    Default Credit score needed in 2013 for Chase Sapphire Preferred?

    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!
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  2. #2
    Gold Member
    Join Date
    Jan 2013
    Location
    San Antonio
    Posts
    41

    Default

    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 Preferred: $23,500
    CAPONE Cash Rewards (VISA Signature): $7,500
    CHASE Freedom (VISA Signature): $20,000
    USAA Rewards (World MC): $13,500
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  3. #3
    Centurion Member
    Join Date
    Oct 2012
    Location
    Texas
    Posts
    762

    Default

    I think you'd be approved.
    Amex Platinum
    Amex BCP 15K
    Amex SPG 5K
    Barclaycard Arrival Plus WEMC 5K
    Chase Sapphire Preferred Visa Sig 23.5K
    Credit Union Visa Platinum 10K
    Discover IT 5.75K
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  4. Centurion Member MemberSince99's Avatar
    Join Date
    May 2012
    Location
    WI
    Posts
    4,324

    Default

    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.
    FICOS
    TU: 771 April 2014
    EQ: 777 April 2014
    EX: 779 April 2014
    TU08 (Barclay's) 798 April 2014 Statement
    Discover 791 June 15 2014

    Cards:
    Amex Platinum NPSL (5/13 - backdated to 5/99)
    BofA Travel Rewards Signature Visa 10k (1/14)
    Chase Freedom Signature Visa 11.5k (1/14)
    Amex Everyday Preferred 6k (3/14 - backdated to 3/99)
    Amex Hilton HHonors Surpass 9.5k (7/14 - backdated to 7/99)
    FNBO Dodge MasterCard 12.8k (8/14)
    Lowe's 10k (8/14)

    Garden: Card carrying Garden Club member. Gardening for life (and beyond)!
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