Chase Sapphire Preferred Approval Requirements

According to credit karma the chase sapphire preferred s average required score is 736.

Chase sapphire preferred approval requirements.

Freedom amazon southwest with a total credit of. What credit score is needed for chase sapphire preferred. Your chase sapphire preferred account must be open and not in default to maintain subscription benefits. Approval time for chase sapphire preferred.

After all tpg contributor ethan steinberg had no trouble getting approved for the chase sapphire preferred as his first card. Restrictions and limitations apply. Chase sapphire reserve vs chase sapphire preferred review. If you ve applied for 5.

Reports suggest that you ll typically need a score of at least 720 to get approved for the card though the average score is a bit higher. One of the most important factors is your credit score. You usually need an excellent credit score. Basically many chase credit cards including this one are subject to what s known as the 5 24 rule which means you won t be approved for a chase sapphire preferred card if you ve opened five or more credit card accounts within the last 24 months.

Accounts subject to credit approval. In this case your new chase sapphire preferred card will be sent to you within 2 weeks. If you have excellent credit and strong qualifications you may get an instant approval. A credit score of at least 700 is usually required to be approved for the chase sapphire preferred card.

The chase sapphire reserve has slightly stricter approval requirements than its little brother the chase sapphire preferred card. Tips on how to get approved for the chase sapphire preferred. The chase sapphire preferred is a great card and chase won t just approve anyone for it. If you didn t get the instant approval you may get a message saying a decision will be made in 7 10 business days.

If you have a decent credit history a few accounts 3 to 5 years old or more a decent score somewhere close to 720 and an income of 50 000 you probably have some good odds of being approved. Most cardholders have scores over 720 but there s no official score requirements to get the mid level credit card. There are a few factors that chase looks at before approving the chase sapphire preferred card. But sometimes even.

Final word on chase sapphire preferred approval odds. The chase sapphire preferred currently has a bonus offer of 80 000 chase ultimate rewards points after spending 4 000 in the first three months from account opening. And the typical low score is 646. Sapphire preferred credit cards are issued by jpmorgan chase bank n a.

You can only access the benefits available with your current credit card. This is the biggest bonus for a personal chase credit card that earns chase ultimate rewards points so you ll want to do everything you can to ensure a successful. However it s certainly possible to be approved for the chase sapphire preferred as a beginner.