I am wondering if I have any chance of being approved for the CSP.
I am a student with no job but receive tuition, rent and allowance from home which sum up to $133,000.
2015/09: Citi Thank You Card for College Students (CL$500)
2015/09: Applied for Amex - denied (2 inquiries)
2016/03: Amex SPG (CL$10,000)
Credit Karma score is 684. It doesn't reflect my Amex yet but I assume score will go up once it does. I heard that CC companies are able to view new credit cards and limits although it doesn't show up on the reports yet.
Do you think I have a chance?
Every time you add a new account to your CR your scores will decrease and not increase. In your case they will drop significantly because you only have 1 CC. Expect a 30point hit. The thinner the file, the harder the impact.
Also I thought the SPG was a NPSL. How do you know your limit is 10,000$?
Thank you for your response.
I've used Amex in another country, and I think this helped because on my card it says member since 2014.
When Amex reports to agencies, I am hoping they would backdate to 2014, not 2016.
Also, I thought because my credit utilization rate would drop, it would help with the scores.
I know my limit is $10k because that's what the woman told me on the phone when I was approved, and I also see the 10k limit on the website.
I guess I'll have to try the Freedom first, or wait a couple months before applying for the CSP.