Advice: Approval for CSP

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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tigerhunt2011
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Advice: Approval for CSP

Postby tigerhunt2011 » Fri May 24, 2013 1:04 pm

So, I'm pretty deep into the churning game, and I've learned a lot, but I'm still not able to crack the mystere of Chase Instant Approvals. I'm planning my next App-o-Rama in August and I'd love your advice on Chase.

Data Points:
-20 years old
-$30k income
-~1 yr AAoA w/i 4 backdated AMEX accounts to Aug 2011
-9 accounts in the past year
-I believe about 14 inquiries currently on my account
->10% utilization
-Perfect payment history
-No more than 2 accounts reporting with balances monthly

-Most recent Chase app in 01/13. Called recon, could not provide tax docs b/c away at school, so app. denied.

Wanting to open the door with Chase with CSP, along with those 40k UR points ;) . Eventually also want Fairmont & Hyatt cards for a 2015 trip to Monaco & Cannes, but the free night certificates must be used within 12 months of application date.

Any advice/insight on how to please Chase? I already have AMEX & Citi eating out of the palm of my hand, with 4 Citi cards in the last 6 months and 3 AMEX accounts in the last year.
AMEX Business Platinum AU-NPSL-07/11
AMEX PRG-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
Express-$650-01/12
GECRB Paypal Mastercard-$3500-04/13


mdl28
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Postby mdl28 » Fri May 24, 2013 1:24 pm

My advice: Stop while your head is still above water. Pick your main cards, use them to your advantage and thats it.


This game of "churnning' has a sad ending eventually.

This is just my view and opinion from what I have seen happen to others.

If you want in with Chase, chill out on app sprees for one. Then after a while apply for freedom card. Establish a good relationship for 6mnths to a year. When the time is right just apply for the CSP. It is an accelerated app process since you will have already been a card member and will most likely be approved
MDL

Amex Gold Prem'r
Amex BCP
Amex Green
Barclays Ring Platinum MasterCard
Citi Diamond Pref'd
Chase Sapphire Pref'd Visa Signature
Chase Freedom MasterCard
Discover It
New York Life Visa Signature

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Victorleo
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Postby Victorleo » Fri May 24, 2013 1:30 pm

Good luck. I received my CSP before Christmas. It only took three days to reach the required spend for the bonus that month. :D

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Victorleo
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Postby Victorleo » Fri May 24, 2013 1:34 pm

mdl28 wrote:My advice: Stop while your head is still above water. Pick your main cards, use them to your advantage and thats it.


This game of "churnning' has a sad ending eventually.

This is just my view and opinion from what I have seen happen to others.

If you want in with Chase, chill out on app sprees for one. Then after a while apply for freedom card. Establish a good relationship for 6mnths to a year. When the time is right just apply for the CSP. It is an accelerated app process since you will have already been a card member and will most likely be approved


Good advice I didnt see the 30K and 9 accounts. I rarely not pay in full I advice you try to do the same. Be very careful if you decide to carry a balance. And at age of 20 you have plenty of time to accumulate points.

tigerhunt2011
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Location: Tucson, AZ

Postby tigerhunt2011 » Fri May 24, 2013 1:39 pm

haha I'm not getting *THAT* deep into churning. I'm not quite at the whole "buying $60,000 worth of Vanilla reloads for the 5x ThankYou Points" level yet. I have no plans to get underwater :)

I never spend more than I can afford to pay and I always pay in full. Plus I'm in college, so meeting the minimums organically (without manufactured spending) is a breeze with rent, tuition and living expenses.

I'm so confused about Chase because my instinct is like you said mdl, to apply for a low-level card and then work my way up, but then I see reports of people with 6 months of credit history being approved for a CSP? Plus it's not like I'm applying for a CSP as my first line of credit.
AMEX Business Platinum AU-NPSL-07/11
AMEX PRG-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
Express-$650-01/12
GECRB Paypal Mastercard-$3500-04/13

tigerhunt2011
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Location: Tucson, AZ

Postby tigerhunt2011 » Fri May 24, 2013 1:41 pm

I meet spend minimums organically, then mothball the cards & downgrade before Annual Fees. Non-required spend goes on my AMEX PRG that my parents pay. I don't ever plan on carrying a balance, ever. AMEX is throwing 5,000 MR points at me to sign up for Pay Over Time. No way in hell...
AMEX Business Platinum AU-NPSL-07/11
AMEX PRG-NPSL-07/11
AMEX BCE-$2000-07/11
AMEX MB Platinum-NPSL-08/13-->07/11
AMEX Biz Gold Rewards-NPSL-08/13-->07/11
AMEX Biz DL SkyMiles Gold-04/13-->07/11
BofA Alaska Airlines Visa Classic-$2500-06/11
Barclays US Airways Platinum Mastercard-$1500-04/13
Chase Sapphire Preferred-$5,000-08/13
Citi AA Select AMEX-$2000-01/13
Citi AA Visa-$2000-01/13
Citi AA Platinum Select Visa Signature-$5000-08/13
Citi AA Platinum Select World Mastercard-$2500-04/13
Citi Business AA World Mastercard-$1000-08/13
Citi ThankYou Preferred-$2000-04/13
Express-$650-01/12
GECRB Paypal Mastercard-$3500-04/13

CreditorPredator
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Location: houston, TX

Postby CreditorPredator » Mon Jun 17, 2013 11:12 am

Unless you're spending over 10K a year on the card to rack up rewards, I'm not sure the CSP is worth it because of the annual fee.

Remember you have to spend 3K in the first 3 months to get the 40,000 UR points.

pac4toon
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Location: Honolulu

Postby pac4toon » Wed Jun 19, 2013 10:53 pm

Yup, I JUST got my CSP in the mail & now I am thinking of ways to rack up 3K in 3 months. I was going to do the spending spree on AmEx PRG (which I also recently got BUT cancelled it just as fast as I got it- a waste of credit inquiry :( )... Ugh long story but I got really frustrated & upset with AmEx CSR that I cancelled my PRG. I still have my BCE tho LOL.

Well, good luck on your app, I'm sure you will get it.
In my wallet:
AmEx PRG/ BoH Hawaiian Airlines WEMC / Chase Freedom /

In my sock drawer:
AmEx HHonors & BCE

MemberSince99
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Location: WI

Postby MemberSince99 » Thu Jun 20, 2013 5:16 am

I'm sure you'd get Freedom, not so sure about CSP. They have stricter standards for it and like to see a 5k + limit and a higher income. It's possible and as always YMMV.



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