Young Adults/Students and the Chase Sapphire Preferred

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
44 posts
paparoach429
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Postby paparoach429 » Mon Jun 10, 2013 12:08 am

Also after the 40k rewards points, that's over 4 years of the annual fee right there in cashback.


oztsvi
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Postby oztsvi » Mon Jun 10, 2013 2:57 am

i'm 26 , just got approved for it a few days ago.
i had my freedom for 3 weeks then applied for the CSP and got approved.
i only had a 1.5 of credit history.

benhollberg
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Postby benhollberg » Wed Jun 12, 2013 12:30 am

I'm 22, I'm sure I'll be approved when I apply. Am looking for the MasterCard version though so waiting until I can confirm that they'll change the Visa I apply for to MC.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
Discover It

creditquestion
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Postby creditquestion » Sun Jun 16, 2013 2:14 pm

benhollberg wrote:I'm 22, I'm sure I'll be approved when I apply. Am looking for the MasterCard version though so waiting until I can confirm that they'll change the Visa I apply for to MC.


I've never really understood why people would have a strong preference for the MasterCard. I've only ever had Visas, and to my knowledge there isn't much difference between the two companies, except that Visa seems to be slightly better regarded.

Why is it that you prefer a MasterCard? Diversity of cards?

creditquestion
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Postby creditquestion » Sun Jun 16, 2013 2:15 pm

I'm 22, just graduated from college, and I have a CSP.

I have excellent credit and have a high income (working in finance).

benhollberg
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Postby benhollberg » Sun Jun 16, 2013 3:56 pm

creditquestion wrote:I've never really understood why people would have a strong preference for the MasterCard. I've only ever had Visas, and to my knowledge there isn't much difference between the two companies, except that Visa seems to be slightly better regarded.

Why is it that you prefer a MasterCard? Diversity of cards?


The diversity if the only reason I am looking at the CSP. I already have a Visa Signature card and two AMEX, no MasterCard though. If I were to get a MasterCard I'd want to it be a good one that'll be worth while even though it may only get rare use.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
Discover It

CreditorPredator
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Postby CreditorPredator » Mon Jun 17, 2013 10:51 am

I'm 28 and have the CSP. This was actually my first credit card, I applied for it after getting denied for a home loan due to having insufficient credit history. I think they approved me based on my account sized I had at Chase bank.

I started at a 5K CL and 6 months after having it applied for a CLI to 10K and got it.

The annual fee is a bit steep, but the main appeal to me about this card was the no foreign transaction fee. I put almost all my spending on this card so the rewards more than make up for the annual fee anyways.

The only thing it's missing is the chip.

Scoobynoodles
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Postby Scoobynoodles » Tue Jun 18, 2013 11:30 am

swipe_masta wrote:I'm 23yrs old and have both. Started with CS (3/2013) CL 8,000 and apped/approved for CSP CL10,000 last week. I remember for CS they pulled EX and my score was 759. I have roughly 50,000 income. I don't know exactly, but I'm sure they pulled EX again for CSP. I will be PCing my reg CS to Freedom as soon as I can.

I love my sapphires! Don't think of the AF as $95/year. Think of it as roughly $8/month. If you skip the fast food for one day each month, that can easily pay the AF. Of course this is just a way to pay the AF. If the AF outweighs the benefits, you don't need it.

Do what I did- try out the CS then get the CSP if you like it and PC the CS to Freedom or another card.


It's interesting how Chase allows folks to have both versions of the card. I think, once I'm ready to pull the trigger on the CSP, I'll swap my Sapphire to Freedom like you mentioned. Nicely done!
AmEx Platinum 2009 & Blue Cash $3.5K Delta Gold $2K
BofA BankAmericard $6K | Chase[/i] Sapphire Preferred $10K & Amazon $1.5K Freedom $2.2K | CACU Platinum $13K
Discover Cashback $8.5K & It $6K | Citi Simplicity $5.6K & TY $4.3K

plc44
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Postby plc44 » Wed Jun 19, 2013 2:23 pm

That card is my ultimate goal. I'm kinda pumped because Chase initially denied me for the Freedom and I had to call the recon line. (No Credit History, quite a few inquiries because I didn't understand how applying for Credit Cards worked). Chase just gave me an Auto-CLI to $1000.
Discover More - $1000 (07/12)
Chase Freedom - $1000 (02/13)
American Express SPG - $2000 (08/13)
American Express Green Card - NPSL (12/12)

Malaranu
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Postby Malaranu » Wed Jun 19, 2013 9:37 pm

I'm 24 and was recently approved for the CSP at $7,500 CL. Only had one credit card before this, Chase Freedom, with a $6,500 CL. I've had it for about 4.5 years, only debt on my credit report is my car loan. I had about 25-30% utilization on my current card. I am currently working in Accounting.

[sapphirepreferred].[/sapphirepreferred]



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