MemberSince99 wrote:You do know the Centurion is by invitation only right, and that they expect you to put at LEAST 250k a year on that alone, and that the yearly fee is many thousands of dollars right? In other words, you need to be loaded to get one.
That 5k thing people talk about is a preference not something chiseled in stone, as you saw, and you are right. It's an easier card to get than most people realize.
It seems most creditors have relaxed standards a bit recently, among them Chase. People always ask on here "What are the odds I will be approved for XYZ if I apply" and I'm thinking[color="red"] who do I look like Nostradamus? How the hell would I know? If you want it, apply for it, that's the ONLY way you will find out if you will be approved for it. [/color]I've stopped answering those questions because I just find them a waste of time. But clearly as you mentioned standards have been loosened.
Good luck in your quest for a Centurion.
youngandbold wrote:Just an update after months of lurking the forums here.
I applied for the Chase Sapphire Preferred and was approved for 5K limit.
What makes my case special is I dont have stellar credit history I actually had some baddies in the past.
Pre-application I was at 660 in CK and 646 at MYFICO- I think this made my case special. Employed full time- 35K/Year. 23 Y/O.
Only Credit history i have after my troubles is me being an authorized user on my sisters account BOA 321- 2K 9 Months of history, IT- 1.5K 2 Years of history and 300$ limit 6 months of history on a secured card.
[color="red"]So I think the argument that you have to at least have a 5K limit card open is invalid and having baddies will not let you get into Chase or any other Bank and almost all the theories out here in this forum or any other forum for and against applying are invalid. I think its always YMMW.
So there you go. I think this will be the only post I will start until I get the Centurion card-which I think is overrated- since I believe the 5K Preferred limit is more than enough to keep me occupied.
Thank you again!
PallasAthena wrote:Congrats! I am jealous. My fico score is 680 (used to be 700 but I took a hit when I closed 2 capital one cards) and I have no baddies... just a BK dated 8 years ago in 2006... and because of that I got denied by Chase, Citi, etc...