Also, just logistically there's no way chase was going to be able to expedite all of these cards they just got overloaded with. There are some chase employees hating their life with all of this going on at once
There have been reports of Chase counting AU cards as 5/24 since they do get reported on your Credit report.. Business accounts & non-revolving accounts like auto & car loans don't count towards the limit.
I actually called twice about it (I'm staying in a hotel all week and want to put it on the card), both times they said "sure we can expedite it," then they couldn't make it work because its a brand new card.
Acc. to Chase, the credit will be applied automatically after you hit the $300 spend towards travel (doesn't matter what mode or where you booked as long as the merchant gets coded as Travel). So if you spend 10 on Uber in January & 300 on flights in March, you'll get the credit after the March billing cycle closes
Not all authorized user accounts get reported, it depends on the issuer. Some it doesn't even have to be a real person. My friend has his Australian Shepherd as an authorized user to hit the bonus on his CSP It seems like most issuers don't report it
Everyone getting 7-10 days has been getting denied pretty much unless there's some sort of identity theft concern it seems
Heard the same. I got approved, my girlfriend got the decision by mail. It said she will hear within 30 days. The points guy did a facebook live yesterday and said the 7-10 days likely means rejected, but the 30 day means you still may actually be approved.
Trying to explain to my wife why I got her a new credit card, and why that doesn't mean she can just go to neiman marcus and have a ball. "But don't we need to make sure we spend enough early to get the points?"
The Schwab debit card is key. I'm not a huge fan of using a credit card abroad. I prefer to use cash. Highest I've been reimbursed is $10 in Vegas. And its nice if you have like a morning left in a country and just want to pull out $10-$20 for some food without having a bunch of leftover cash or paying a ton in fees. Only real downside is whenever I transfer money to there from my regular checking account it takes like 3-4 days to clear even though the accounts are linked.
Can someone play Devil's Advocate and come up with a reason why someone who just got Chase Sapphire Preferred shouldn't apply for this card? I mean, it seems like a no-brainer. The difference in annual fee (effectively $150 vs $95) is easily offset by all the other advantages. I just want to make sure I'm not overlooking something here. After I keep my Preferred for a year, I can easily downgrade it to a free Chase card, right?
A hard check never appeared on my credit report. Doesn't really matter to me because I have like 8-9 already from applying for different student loan refinances. I don't think it has too much of an affect on credit score. I'm still almost 800.
I just talked to them. They said that they're overwhelmed with orders and are literally running behind on printing them. I gave the woman my info and she said she would expedite it (overnight) once they get through the backlog and have the ability to get them out.
Thanks for the info. I'm a private client so I get all of that reimbursed. But good to know for future reference. Found out I'm still pre-approved this morning. Will apply for myself when we get back. Although, $8K spend... :3
dcspartan BB3 Charles Schwab free atm withdrawals Spoiler Here's the steps I did, to the best of my recollection. Call up Charles Schwab (or do it online, but I did over the phone because I had questions) and ask to open a "High Yield Investor Checking Account". You'll have to answer some questions about yourself, your income and your 'investment strategy' because this Checking Account is tied to a Brokerage Account. Assuming you are approved, the accounts now exist, but there is no money in them at this point. The next step is to deposit money from another source into the Brokerage Account. You can use the online ACH type transfer or a regular personal check but neither are the fastest way to get money into your account. The fastest way to deposit money is via a Cashier's Check. I went to my local Chase Branch and pulled out as much money as I thought I might need on my trip. I did $1,000 because I wasn't sure what we'd experience in remote Iceland. FYI: you cannot use cash/currency for this, which is interesting because Charles Schwab is a bank and its the fastest form of payment, but whatever. I dropped off the Cashier's check at my local CS branch. Pretty simple process actually. The bankers seemed to be experienced with many people who are seeking this same benefit (travelling abroad and want free atm withdrawals. Important to know: Following the creation of these accounts, you need to know that the process to trigger the printing of a debit account is the depositing of money in your HYIC Account, not your Brokerage Account. But there's some specific steps if you want your card to be turned around in the shortest amount of time possible. They will quote you 24-48 hours from the time you deposit to your Brokerage Account before it posts. The turnaround time depends on what type of funds you used in step 2. I think the posting process for Cashier's checks happens 'overnight' so it may be quicker than the quoted time. Once it posts, transfer the money from the Brokerage account into the HYIC Account, which will give it a positive balance and trigger the creation of your debit card. (Optional) If you want the shortest turnaround, call CS up immediately after step 5 and request for your card to be expedited. There is some confusion between if it's overnighted or simply 'expedited' but I think mine was delivered the second day after I did step 5. Bonus I believe the HYIC account interest rate for me was .06%, so 6x than my Chase checking account, but nothing life changing. I didn't get a hard pull from opening this on my credit score. I use the free version from my Capitol One credit card. the CS mobile app is kinda meh compared to Amex, Chase, and Capital One, but my CS account is rarely touched. Cost to expedite was $15. Shipping couriers usually delivery to commercial addresses before residential addresses, so consider having shipped to your office.
1. you can't reach minimum spend for the bonus (still might be worth it) 2. you travel less than $300-worth a year 3. another hard pull on your credit will hurt you as you are buying a house next month
Maybe a dumb question but was talking to user Lou Holth :/ ) about this too the other day. I plan to apply for the CS Reserve like everyone else. My credit score is on the border of very good/excellent it hovers back and forth between the two with us just moving last month and all of the shit that goes along with that. I am wanting to refinance my student loans very soon. Will this effect getting approved for this card or vice versa would getting approved for this card effect the rates I might get for refinancing student loans? I'm just trying to see if I should do one or the other first.
I don't think it will make a difference one way or another. Refinancing student loans should have a minimal effect on your credit score. The companies do hard pulls so that may make it go down a few points, but refinancing also closes in good standing the loans you have paid off and increases your total accounts, both of which are good. Opening a new credit card may help your credit slightly by decreasing your overall credit usage but doubt it will affect it much either.
It sounds like if anything, maybe it would be a good idea to apply and get approved for the CS Reserve before refinancing? I agree with your thoughts in that it would open up more credit and improve the debt to credit ratio. I have the CS Preferred and Freedom currently so do I first apply for the Reserve then after I get approved ask them to drop my CS Preferred down to the Unlimited? I've had the Preferred since Nov '13 I believe. It's been several years regardless.
FYI I was also told 30 days, so I called the reconsideration line and just asked if there were any questions I could answer to help the process and they transferred me to a customer service rep who reviewed my application and approved me.
If I paid the fee for my Preferred 2 months ago, do you think they'll let me apply the credit to the reserve or nah?
FWIW I got 7-10 day'd and called as someone suggested in here. They just needed to verify my identity and I got approved on the phone.
They usually only credit your annual fee if you upgrade that card. so no. The card is so hot and such a great deal, I doubt they'll be making any concessions.
Read the last few pages and I'm currently unclear on this. 1. I use the CSP card right now. I've had it for about 8-9 months. If I want to sign up for the CSR, do I still get the 100k bonus? I got the 50k bonus for CSP. 2. I am a full time student for the next 3 months. Will that hurt my chances of being approved? Was approved for CSP without issue.
Yes, you will get the bonus. And yes, it could hurt your chances based on levels of debt and income you submit
Would it help if I have a large amount of cash in Chase accounts? Also do I need to cancel my CSP card, or can i just outright apply to CSR?
Signed up for CSP two months ago. Just got my 50,000 bonus points. Approved for CSR today. 100,000 bonus points incoming in a month or two. This is a good day.
I had a bunch of ultimate rewards points sitting in my account too. As soon as I get this bonus I will have like $2500 worth of points to spend on travel, not even counting the points I earn in the meantime. I'm not going to lie though... the thought of hitting a button and getting like $1700 cash deposited in my account is pretty appealing. I need to decide what I actually want to do before I tell my wife about any of this.
Last question, I have like 100k points sitting in my CSP account, can those be transferred over to CSR if I get approved?
Haha, I had the wife conversation this morning. She's now ready to book a Disney trip as soon as the points are in.
Can somebody give me a run down on this Chase Sapphire Reserve card? I'm pretty unsophisticated when it comes to the credit card game. I only had one card, a cash back card, that I exclusively used for business expenses, until about two years ago when I realized that my FICO score was not ideal because I really didn't have much of a credit history. Now I've still got the original Capital One Platinum cash back card, a Capital One quicksilver (because it gives you every 10th uber ride for free and helps my credit utilization ratio), and an AMEX premier rewards gold (charge) card that I use for business/travel expenses. In my entire credit history, I've carried a balance for two to three months. Would it be something that I should look into? If so, how do you use it to reap the most benefit?