Will Chase approve my card application?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
13 posts
jester33
Green Member
Green Member
 
Posts: 6
Joined: Sun May 20, 2012 6:58 pm
Location: USA

Will Chase approve my card application?

Postby jester33 » Sun May 20, 2012 7:10 pm

Hello everyone I have a FICO of 720 and yesterday I applied one for the Chase Sapphire Preferred and did not receive an instant approval which was a first for me and kind of disheartening.

I have the Chase recon number thanks to this site 1- and am going to call and explain why I want this card without mentioning points and explain that I want this card due to the 2x and 3x dining and travel categories.

My question is what are my chances of getting approved for this card as I have had a credit card with them for 6+ years I've NEVER had any baddies on my credit and no missed/late payments. The reason I have so many new cards is that I'm trying to obtain my ideal wallet and since Chase sapphire has added the 1:1 points transfer to miles into United Mileage plus the sapphire makes more sense than the explorer card. Thanks for and the input and sorry about the confusing message.

  • Chase Freedom (2006 or 2007 opening) $1400 balance/ $3200 max
  • United mileage plus (FEB 2012 opening) 0 balance/ $6500 max
  • AMEX standard gold (MAR 2012) $0 balance
  • Store credit card because no interest and no payments for over 1 year (DEC 2011) $2100/ $4300 max
What are my chances of Chase approving my application?


CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Mon May 21, 2012 4:58 pm

Firstly, call 1-800-436-7927. This is their automated application line. Try this first to see if you were already approved.

As far as your question goes...there is no real way of knowing if the card will be approved-more goes into an approval/denial than just a FICO score. As you mentioned, you have quite a few new accounts, including one from Chase.

With the CARD Act, banks/credit unions/finance companies have to ask for individual annual income. Each bank has a calculation that factors in your reported income and decides your ability to repay. You did not mention your income, but if you are one of us mere mortals with an average income, they might feel that they have already issued you the most credit that they can (since you have two existing Chase cards with a combined $9,700 limit). So they may need to close one card out for the Sapphire. Sapphire Preferred is a Visa Signature/World MasterCard, so you would need a minimum $5,000 credit line to qualify.

So, it is a 50/50 chance right now really. I'd say the recent inquiries/new accounts as well as having the maximum credit available to you already with Chase could be factors for denial.

I don't know if they will allow you to product change the Explorer card since it is a cobranded partner card, but if you are declined for Sapphire I would at least ask if you can change your existing Explorer card for the Sapphire. Worth a shot.

Let us know what happens!

jester33
Green Member
Green Member
 
Posts: 6
Joined: Sun May 20, 2012 6:58 pm
Location: USA

Postby jester33 » Mon May 21, 2012 7:32 pm

Ok everyone here is the tale of the tape. I called and spoke to someone who asked the normal questions as to why I had so many inquiries and new cards, I explained that I recently became interested in "building" my ideal wallet and that since I can now transfer points to miles at united for 1:1 value that I no longer needed the explorer card and I mentioned the no foreign trans fee on the sapphire. Long story short I had to transfer all my available credit from explorer to sapphire preferred but the card should be here in 4-5 days through the expedite service which is free, I thought it strange that they advertise this card in many faucets as a direct competitor with amex but they don't offer overnight delivery on there cards. I've wanted this card since it came out and finally it's being delivered? Thanks for the help man I really appreciate it

Ideal wallet
Chase sapphire preferred as my primary -obtained
Amex gold for warranty and false sense of wealth which can actually have some benefits. because I don't travel/spend enough to warrant platinum-obtained

jester33
Green Member
Green Member
 
Posts: 6
Joined: Sun May 20, 2012 6:58 pm
Location: USA

Postby jester33 » Tue May 22, 2012 1:18 am

The card is being shipped to me as we speak once I called the recon and agreed to lower the explorer card limit. I have another question, I called chase and asked if the card was metal as I am being shipped a preferred version and everything I've read online implies that the card is metal. She acted like I was crazy and that the sapphire preferred version or not is not available in metal and then she placed me on hold to go physically view her managers sapphire preferred to confirm if was metal or plastic and it was plastic, I'm so confused about this and if anyone could shed any light on this I would appreciate it

Mully85
Green Member
Green Member
 
Posts: 18
Joined: Sat Mar 24, 2012 10:13 am
Location: Aurora/CO

Postby Mully85 » Tue May 22, 2012 8:30 am

I was in the same boat. No instant decision, got a letter in the mail saying I had too many Chase cards. I called the recon line, spoke with a nice lady and she got me approved. Should get my card today or tomorrow!! Good Luck!

CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Tue May 22, 2012 6:22 pm

jester33 wrote:The card is being shipped to me as we speak once I called the recon and agreed to lower the explorer card limit. I have another question, I called chase and asked if the card was metal as I am being shipped a preferred version and everything I've read online implies that the card is metal. She acted like I was crazy and that the sapphire preferred version or not is not available in metal and then she placed me on hold to go physically view her managers sapphire preferred to confirm if was metal or plastic and it was plastic, I'm so confused about this and if anyone could shed any light on this I would appreciate it


Congrats on your Sapphire Preffered! So, do you still have the Explorer just with a lower limit? I think it is a sharp looking card.

As far as Sapphire: I have been reading on other forums that indicate that the metal Sapphire Preffered card was a test and that they have switched back to plastic. You won't know until you get it I am afraid. Chase has been taking liberties with their card designs as of late. As you probably already know, the Sapphire cards only have your name on the front; the account number, expiration date and network logo (Visa) are all on the back. Slate has a horrible verticle design that uses the same embossing material (small, almost glued on appearence) used for the Sapphire for name/account number. I made them send me a normal hortizontal Slate card LOL. Chase was also one of the first issuers to make the Visa logo appear without the white border and the first to use the metalic Visa and MasterCard logos on Visa Signature/World Elite MasterCard-that part I love; account number on back and verticle card-not so much. I have to agree that a metal card would be kind of cool though. Now, as I mentioned, when I received my replacement, verticle Slate card last year, I went online through my account management and sent them an email letting them know that I was not impressed by it (I know, I am one of THOSE people). Well, they got back to me within 12 hours to inform me that they sent the horizontal card as I requested. So, if your Sapphire Preferred is plastic when it arrives, go online and email them to see if they have any remaining metal cards in stock and ask if they will send one to you. Never hurts to ask.

Do you have Chase checking as well? I understand that Ultimate Rewards points are hella good when you have the "trifecta" of Freedom/Sapphire/Chase Checking.

jester33
Green Member
Green Member
 
Posts: 6
Joined: Sun May 20, 2012 6:58 pm
Location: USA

Postby jester33 » Wed May 23, 2012 5:54 pm

After alot of work and wrong info from chase I was transferred to the chase sapphire representative who confirmed the card is different than a standard card.

My card finally arrived today and I can confirm that it does have slab of metal in between two plastic pieces. There are three different levels with the Chase sapphire as confirmed by the representative which many people do not know. the standard sapphire, sapphire preferred and the "private client" sapphire preferred (not really sure how to obtain the private client status) may just be you have a substantial amount invested with JP Morgan chase bank/investments and at that time they may upgrade your account which could possibly flag your account to receive the up-most care when you call.

I'm just brainstorming the possibilities. I just thought I would share this with everyone as we all are credit card/collector personality types.

P.S Chase officially began shipping the preferred cards as metal type cards at the beginning of 2012. Prior to that perhaps as early as Jun/Jul 2011 people who had a lost/stolen card would be given the replacement as the new metal type card as well as some new accounts. The card itself is metal type which is different than the Chase Palladium (made of Palladium) or the AMEX Centurion (made of titanium)

hematino
Centurion Member
Centurion Member
 
Posts: 339
Joined: Fri May 11, 2012 4:08 pm
Location: Atlantic City, NJ

Postby hematino » Thu May 24, 2012 10:45 am

I just got my Chase Sapphire Preferred card (world elite Mastercard version if it makes a difference) in the mail yesterday and it's definitely metal. Its unique, I like the look of the card and it feels a bit heavier than my other cards.
Now she's eyeless.
The snakes she held once
Eat up her hands.

jester33
Green Member
Green Member
 
Posts: 6
Joined: Sun May 20, 2012 6:58 pm
Location: USA

Postby jester33 » Thu May 24, 2012 9:30 pm

Update: The card scratches heavily on every single swipe.

agp
Centurion Member
Centurion Member
 
Posts: 709
Joined: Fri Apr 20, 2012 10:24 pm
Location: US&A

Postby agp » Thu May 24, 2012 10:28 pm

jester33 wrote:Update: The card scratches heavily on every single swipe.


You mean it gets scratched easily? I could careless if it cuts the cashier's drawer in half.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: yfan and 0 guests