CSP Now or Wait?

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13 posts
kcarter609
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Location: VA

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)

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ncosky290
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Location: Pittsburgh PA

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!
American Express Blue Cash Everyday
Barclaycard Arrival Plus World Elite MasterCard
Bank of America PSU Alumni Cash Rewards Visa
Chase Sapphire Preferred Visa Signature
Clearview FCU Cash Rewards Visa Signature
Citi Double Cash World MasterCard
Citizens Bank Cash Rewards MasterCard
Discover IT Card
Nordstrom Visa Signature


FutureBillionaire
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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
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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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