hmsbeagle wrote:Hi. I'm new to the forum and it certainly is a great resource.
Today I applied for a CSP and got a message telling me that I'll be notified in writing in 10-14 days. I'm worried that this means I'll be denied. My credit score from the three bureaus is in the 770-780 range and I have two other credit cards. One Amex with an account age of 10 years and a spending limit of 16k and all Bank of America visa with a limit of 3k. I've never missed a payment and my income is in the 50k range and when combined with my wife's income we are at 100k.
Do you guys think I stand a chance of getting approved?
It is true that nothing is guaranteed when it comes to applications. What I can say, though, is I've seen people with a somewhat worse credit history and a lower income get a CSP. Making timely payments on an Amex for 10 years is definitely something that will impress credit analysts.
If your application has a weakness, it's that the card is marketed towards people with higher incomes. Some people do get approved with incomes under 40k, though. I think the 'high income' element is more a marketing goal than a strict underwriting rule.
I like your odds. You should also know, for what it's worth, most people on here would much rather have 10 years of good history with Amex than a CSP!