My situation (post college)

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
14 posts
capekid
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Location: New York

Postby capekid » Sun Mar 29, 2015 8:40 pm

I am planning to call the CSP hotline next week about a reconsideration. I am going to be making two trips where it would be extremely useful. I found that in 2014 a great deal of my charges were related to travel and food. It really bothers me that I am missing out on the rewards available to me. My income will also look more like $70,000 for 2015.


whit
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Location: ca

Postby whit » Mon Mar 30, 2015 12:33 am

You need to go to another branch.

When you call you won't be able to get a reconsideration. Credit card companies typically give you a window to make a case in why they should redecision their decision. Usually it's within a month so they won't have to pull another credit report--they can extend that if there was a circumstance but you'd have to have talked with them to get that extension.

I'm surprised that someone who has double digit deposit in savings (5 figures even if it's on lower end) and a score of 805; wouldn't get approved

But it could be that you applied for the freedom at the same time and maybe had other inquires?

What did the letter say when they mailed you the decision that they weren't going to issue you a CSP?

capekid
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Joined: Tue Dec 09, 2014 11:33 am
Location: New York

Postby capekid » Mon Mar 30, 2015 8:55 pm

Well the reasoning was that I did not have a long enough history with Chase. This all happened in early November, if not October. I opened the Freedom in January. My credit score went to 799 that month and is now 794. God knows why, but I am not too worried. That seems more realistic to me.

I do not really need the card until September when I am making a long trip to Europe. I was thinking of upgrading my Amex to Platinum, as crazy as that sounds. I can afford to do it, I have some extra income on the side. Amex says I have been pre-qualified for it. I know this is not the place to ask, but would that really mean I would get accepted? And if I was, would that further lower my credit score?

JamesMS
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Location: Fort Worth, TX

Postby JamesMS » Wed Apr 15, 2015 1:34 pm

Well it seems that you are moving in the right direction with all of this. When you go back to see if you can get the CSP let us know how it goes.
Main Cards:
Amex BCE
Amex Everyday
Bank of America Cash Rewards
Chase Freedom
Capital One Quicksilver
Citi Thank You Preferred

Spark Cash Back (Business), Amex Plum (Business)



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