CSP Now or Wait?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
13 posts
kcarter609
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CSP Now or Wait?

Postby kcarter609 » Mon Feb 25, 2013 11:58 am

Hi Guys,
I've been planning to get the CSP for a while, but I waited because of the $3k spend to get the bonus. Now, I'll be moving and I'll have to pay for a lot of stuff, so I'll easily hit the new $2k spend to get 40k they are offering.

The question is, should I get the CSP now or wait? March 12th is my 3x CLI date for the BCE, where I'll be requesting a $15,000 limit. The at least another month for it to start reporting that new limit. By that point, I'll be at a new job and the move will be over. Unless the apartment complex allows me to pay for my rent and stuff on a CC, making the $2k spend will be a little hard since the new job will keep me very busy and cover a lot of my expenses.

Basically the question comes down to this -- will Chase be more likely to give me a limit bigger than $5k on a CSP if the BCE reports as a $15k limit (if it gets approved)? If so, it might be worth me waiting.

What does everyone think?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)


FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Mon Feb 25, 2013 12:19 pm

Go for it now. You have enough cards with ok limits, IMHO.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

kcarter609
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Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Mon Feb 25, 2013 6:35 pm

I've heard Chase doesn't like to see any inquiries in the last 6 months. I have 2 from when I applied for the Freedom back in 8/2012, and 1 from AMEX in 1/2013. Are they going to give me a hard time about that at all?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)


FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Feb 25, 2013 7:35 pm

kcarter609 wrote:I've heard Chase doesn't like to see any inquiries in the last 6 months. I have 2 from when I applied for the Freedom back in 8/2012, and 1 from AMEX in 1/2013. Are they going to give me a hard time about that at all?


I apped for 2 chase cards after having a BofA pull earlier. 2 inquiries shouldn't be terrible, but my situation was different when I applied. If you decide to apply, make sure your utilization is rock bottom in order to improve your odds.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

kcarter609
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Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Mon Feb 25, 2013 7:42 pm

My utilization is currently reported at 1%, and I have a significant amount of money in Chase checking/savings accounts, so that should help me out.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

kcarter609
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Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Tue Feb 26, 2013 9:08 am

Ok, I applied in the branch this morning. Approved with a $5k limit.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

ncosky290
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Postby ncosky290 » Tue Feb 26, 2013 9:15 am

kcarter609 wrote:Ok, I applied in the branch this morning. Approved with a $5k limit.


NICE. Enjoy your move. Best Wishes!


FutureBillionaire
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Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Tue Feb 26, 2013 9:43 am

kcarter609 wrote:Ok, I applied in the branch this morning. Approved with a $5k limit.


See. Told ya!
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

kcarter609
Centurion Member
Centurion Member
 
Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Tue Feb 26, 2013 10:05 am

FutureBillionaire wrote:See. Told ya!


Getting approved wasn't a concern. I knew I would get an instant approval. I just wanted to get approved with a higher limit than I got. Oh well, I'll get my bonus, I'll get the 3x from BCE (hopefully), and in the future I'll push for more.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

FutureBillionaire
Centurion Member
Centurion Member
 
Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Tue Feb 26, 2013 11:12 am

kcarter609 wrote:Getting approved wasn't a concern. I knew I would get an instant approval. I just wanted to get approved with a higher limit than I got. Oh well, I'll get my bonus, I'll get the 3x from BCE (hopefully), and in the future I'll push for more.


Sorry. Just run a bunch of spending through it and pay it off. They will raise it. I don't believe they are as stingy as Discover.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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