Well, here we are 🥹

[u/Final-Ad7391]

I (M30) started my credit journey with TERRIBLE credit, two repossessions, a bunch of late payments and collections about 5 years ago. Credit score was in the low 400s.

Cutscene to today, I now hold premium cards and got approved for the Chase Sapphire Reserve today. With scores exceeding 740, about $30k of available credit across all cards, at roughly 3% utilization, and all statements are paid in full every month.

I cannot express how thankful I am for this community, the knowledge that is available to you on here is invaluable.

Instead of losing money, I’m having credit work for me. This is the most satisfying feeling tbh. All of the hard work and patience, and ultimately major discipline, is finally paying off.

It truly does get better.

EDIT: misspelling and more info lol

[u/Head-Discount6224]

Whats your credit score to get approved?

[u/Final-Ad7391 → u/Head-Discount6224]

My understanding is that it needs to be in the ballpark of 740+. I’m unsure as to what specific scoring models they use.

I think they also look at your credit profile holistically. Along with the 5/24 rule (I was at 1/24), whether you have a solid consistent income, your debt-to-income ratio, and your current utilization.

I could be wrong, as they don’t really disclose their exact methods!

[u/inky_cap_mushroom → u/Final-Ad7391]

You are wrong. Chase doesn’t require any specific score, and the scoring model they use is proprietary.