Chase Sapphire Requirements

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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the_one092001
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Postby the_one092001 » Sun Sep 29, 2013 8:44 pm

whit wrote:is it supplemental income? or maybe a roommate that is helping pay down the rent? parental support?


It's parental support; I live alone. Ironically I may have had a better shot back when I was still living in the dorms.

i'm curious, do you currently bank with Chase?


No, none of the big four American banks have a presence in my home state with the exception of a single Chase branch an hour outside of town that opened recently. I have a student account with Bank of America that I opened when I went off to school but don't use it all that much anymore except to withdraw cash from ATMs, since my local bank doesn't have ATM coverage where I go to school.

The other thing is when you're applying for a card they ask what is your gross annual income, they give examples of what can be considered income, and they also place in ( ) that basically it is income you wish to rely on to repay your debts.


The Chase application gave examples of income, but didn't list support outside of court-ordered support or restitution. It just had fields for 'Income' and 'Rent' once I specified that I was renting.

You have thirty days (typical) from the time of the app to try and get the decision turned around, just because the first rep ran that through, doesn't mean its hopeless.


I'm hoping it's not, just wanted to get some advice on what my chances were looking like.

If you really want to get approved and believe you can handle that type of CL responsibly then you should call back, explain what you mean by almost double your income with no debt obligations besides the rent, and see if the rep can do a consideration.


I'll probably call back tomorrow and see what can be done. Thanks for all the help so far.


whit
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Postby whit » Mon Sep 30, 2013 10:45 pm

best of luck to you

a lot of time it is how its presented, etc. I know there were times I can get someone approved, sometimes not.[sapphirepreferred].[/sapphirepreferred]

killhour
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Postby killhour » Sun Oct 27, 2013 3:42 pm

It's strange... I've had my Chase Sapphire card for 6 months and at the time, I only had a credit score of 680... and an income of $38k. It might have helped that I already had 2 Chase cards prior.

It seems like you're really close to the threshold.

whit
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Postby whit » Sun Oct 27, 2013 3:58 pm

^do you mind me asking what is the limit? and if you currently bank with them as well.

killhour
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Postby killhour » Sun Oct 27, 2013 4:50 pm

They only gave me $5K, but it's still the largest limit card I have.

Also, I was approved for an Amex Gold Premier for around the same time.

I bank at a local credit union. Now THEY were hard to open an account with (I had to do savings only for 6 months before they'd give me a checking account).

RewardHop
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Postby RewardHop » Sun Oct 27, 2013 4:52 pm

$5k the minimum for a CSP, since its a Visa signature card. Sounds like you got pretty lucky
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

killhour
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Postby killhour » Sun Oct 27, 2013 4:58 pm

RewardHop wrote:$5k the minimum for a CSP, since its a Visa signature card. Sounds like you got pretty lucky


Yeah, I was surprised I got it. It wasn't even one of those "We'll review your credit and let you know" type things. I was approved automatically. Honestly, I get really lucky with applying for cards, since I have several that are supposedly for higher income / excellent credit (CS, Amex Gold Premier, Citi Diamond Preferred).

I just wish I applied for the CSP instead of the CS, since I use it for pretty much everything but groceries and gas. Oh well, I can upgrade in another 6 months.

Edit: Oh, but I got declined for a store card right before I got the CS. Oh well, C'est la vie.

ncosky290
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Postby ncosky290 » Sun Oct 27, 2013 6:06 pm

Thought I would share my story with Chase... Applied for Freedom back in Feb of this year. Declined. Had to Call reconsideration's. After about 15 min on hold I was approved for 2000 limit. 6 Months later they auto increased it to 2500. And then I called and asked for a CLI and they said ok and raised it to 3500. All of this from a decline. At the same time in Feb I applied for the Freedom I also got the AMEX BCE and the Discover IT. Since then I bought a new car. Had to get 3 school loans and consolidate my other loans. In May I applied for the CS. Declined for to new of accounts. So Friday I applied for the CSP as I was bored and don't really care about inquiries right now. Figured they would Say no... While the page was loading I took my dog out real quick. Came back in and Auto Approved. Welcome to Chase SP. Your card will be expedited and your CL is 5000. I was shocked but happy. Never know what requirements are. I am 23 and make 45k a year. Avg age of accounts is 1.8 years oldest being 5.5 years. Scores are all around 700-720. Utilization is about 23%.

Got an email from UPS today. Card is arriving Tomorrow (Monday) That is only 3 days from approval and it was even a weekend. Amazing!

Hope this helps.
-AMERICAN EXPRESS DELTA GOLD SKYMILES - AMERICAN EXPRESS EVERYDAY -AMERICAN EXPRESS PLATINUM - CITI DOUBLE CASH - CITI PLATINUM AADVANTAGE - CITI THANK YOU PREFERRED - BARCLAYCARD ARRIVAL PLUS - DISCOVER IT - CHASE SAPPHIRE PREFERRED-

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jumbo
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Postby jumbo » Mon Oct 28, 2013 12:07 am

great info ncosky290.
I am looking into CSP as well but will be waiting a couple of months before applying for CSP.
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ncosky290
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Postby ncosky290 » Mon Oct 28, 2013 10:07 am

No Problem. I Seems to me that Chase is more likely to approve for premier cards of theirs once you have positive history with them!
-AMERICAN EXPRESS DELTA GOLD SKYMILES - AMERICAN EXPRESS EVERYDAY -AMERICAN EXPRESS PLATINUM - CITI DOUBLE CASH - CITI PLATINUM AADVANTAGE - CITI THANK YOU PREFERRED - BARCLAYCARD ARRIVAL PLUS - DISCOVER IT - CHASE SAPPHIRE PREFERRED-



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