Thread DetailsLast Edited by drdvls August 22, 2016 at 10:38 AM
If u are more than 5/24, be careful
Someone got denies in branch already
Please update in wiki about ur application status
Other Popular Credit Cards
If you not approved, call recon line:
Call 1-800-432-3117 - hit #, 3, 1 and check the status. If the status says 2 weeks it hasn't been processed yet. If it says 30 days, likely approval, if it says 7-10 days likely denial. If it says "You've Been Approved" in a friendly female voice then you are approved
Q: I already have a CSP and I plan on opening the CSR, should I keep both?
Probably not considering there is nothing the CSP can do that the CSR can't. As always, it's better to downgrade to another card than cancel outright (e.g. downgrade to Freedom, and yes you can have multiple Freedom cards).
Q: Does the 1.5cpp only apply to points earned on the CSR?
No, you can get the 1.5cpp in the Chase UR portal from all your UR points by transferring points from your other UR-earning cards to your CSR.
This means the Freedom Unlimited effectively earns 2.25% and the Freedom quarterly categories earn 7.5% if you also hold a CSR and spend your points in the UR portal.
Q: My credit score is XXX and my income is $XXk, will I be approved for this card? What are my chances?
No one knows so please don't bother asking, you'll get downvoted.
A lot of factors are taken into account when Chase decides whether or not to approve you, including but not limited to: credit score, income, number of accounts currently opened, average age of your accounts, number of recently opened accounts, derogatory marks on your report, total credit limit across all banks, total credit limit with Chase, age of your relationship with Chase, total credit utilization ratio, average credit limit utilization ratio, etc. And even if we knew all of this about you, we still don't know how Chase weighs each of those metrics for this card (or any other).
In other words, you could have a 800 credit score and $150k income and be declined, but you could also have a 650 credit score and $40k income and be approved. We have no way of knowing and whenever someone tells you whether they think you'll be approved or not it's just a wild ass guess.
Q: Does the 5/24 rule apply to this card?
Rumors say it will, but when the card was shortly available earlier this week many people managed to get approved while being way past 5/24. Maybe that was a fluke, we can't be certain until the card is officially released. So in short: we don't know yet.
Q: Hold on... what is the 5/24 rule?
First, if you're really asking this then you're probably not ready to participate here, I would suggest you spend some time reading the wiki and browsing through this sub before posting something stupid in this thread.
Chase will not approve you for some of their cards if you've opened more than 5 new credit cards in the past 24 months (any credit cards, not only Chase ones). Again this is only one of many factors that are taken into consideration when applying for a credit card, you could be under that limit and still be declined.
Q: Can I switch to this card from another Chase card?
Chase usually allows PC from other cards in the same brand, meaning you should be able to switch to or from any UR-earning personal Chase card (Freedom, Freedom Unlimited, Sapphire, Sapphire Preferred). As usual, you do not get the 100k signup bonus when you PC, though you do get to enjoy all the benefits of the card (including the $300 annual travel credit).
Q: Is the annual fee waived the first year?
No. You'll be charged $450 as soon as you get the card.
Q: Is the annual fee waived for military?
Chase will only waive the annual fee for SCRA if the account was open before beginning active duty.
Q: Why are people getting so excited about a card with such a high annual fee? How is it worth it?
It's a good card with lots of benefits, but what really justifies the annual fee is:
•100k UR signup bonus ($1000 cash value, $1500 value for travel booked through the UR portal)
•$300 travel credit per calendar year (so even if you cancel your card after one year you can use the credit twice and make a $150 profit from this benefit alone)
•free Global Entry or TSA Pre ($100 value if you don't have it already)
•free Priority Pass Select Membership for airport lounge access
Q: Will the Priority Pass card get me into any airport lounge?
No, only some of them. Check their website for the full list.
Q: How does the $300 travel credit work?
Every calendar year you can get up to $300 reimbursed when making purchases in the travel category (airfare, car rental, taxis, hotels, etc... basically anything that codes as travel on the CSP). Because the credit is per calendar year (or rather December statement, just like the Citi Prestige) it means you could indeed receive the credit twice during your first year of card membership. The reimbursement is applied automatically, you can't choose which purchases it applies to. It does not have to be in a single transaction, you could make a $180 hotel booking in March and be reimbursed $180 then book a $500 flight in June and receive the other $120. If you receive the credit then cancel the booking and receive a refund then the credit will be taken back per the T&C (though you should be able to get the credit again if you make another booking). Purchases made by AUs count towards the annual $300 (meaning it's $300 total for you and all your AUs, not $300 each). The credit does not roll over, if you haven't used it by your December statement then it's forever lost.
No, you will not be able do use the credit through MPX like with the Amex Platinum and PRG, this is an Amex-only trick.
Full terms here.
Q: Are transactions covered by the $300 travel credit counting towards the minimum spend?
Maybe. Don't risk it. You should assume they aren't, it would be stupid to miss out on 100k UR points because of a few hundred dollars in spend. If you plan on hitting the minimum spend by buying a plane ticket and applying for Global Entry, you should be prepared to spend $4400.
The annual fee, as usual, does NOT count towards the minimum spend. Same goes for balance transfers, cash advances, etc.
Here are some ways you can artificially inflate your spend if you don't think you can hit the $4k threshold in 3 months.
Q: How does the Visa Infinite $100 airfare credit work?
It has been confirmed by Chase that this benefit will NOT be available on the CSR.
Q: Is the card worth keeping after the first year?
There no clear answer to that question: it's no a terrible card that no one should keep, but it's not a card for everybody either. While the annual fee is high the card does offer some valuable perks that can justify paying for it. It really depends on your situation and whether you have an actual need for the benefits the card offers.
So, up to you. Do the math and compare with your existing cards.
Q: I want to read more about this card NOW
Here are breadcrumbs from Chase:
•UR program agreement for the CSR (props to /u/finnigan_mactavish)
•Full benefits page (props to /u/RBM3)
•Full guide to benefits (props to... me)
•Copy of the leaked offer terms and landing page (props to /u/tunitg6)
Q: I have a question that hasn't been answered here...
First, check out the links in the question above, these are official documents from Chase and should clear up any confusion as to the terms of the benefits.
Next, check out the previous megathread about this card, it has 3000+ comments so it's extremely likely your question has already been answered there.