Chase Sapphire Credit Score Requirements


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The Chase Sapphire Preferred card is a popular credit card from Chase Bank. This rewards card offers several benefits, including 60,000 bonus points when you spend $4,000 in the first 3 months and the ability to earn 75,000 bonus points per year with friend referrals.

Read: This credit score mistake could cost Americans millions

Although the card has an impressive offer, not everyone is eligible for approval. So, that begs the question: What are the qualification requirements for the Chase Sapphire Preferred credit card?

Although Chase does not provide applicants with information about the exact credit scores they need for approval, applicants in the “very good” credit range – 740 to 799 or higher – are most likely to be approved. .

What credit score is required for the ?

Credit card issuers consider an applicant’s credit rating, among other factors, when deciding on approval. The Chase Sapphire Preferred credit card is no different. Applicants with “very good” or better credit scores are most likely to be approved, although there are no published score requirements.

FICO and VantageScore are two different credit score models that lenders can use to decide on approval. However, the FICO credit score is the popular choice for lenders, with scores ranging from 300 to 850.

  • Poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739
  • Very well: 740 to 799
  • Excellent: 800 and more

If applicants have credit scores below those required for the Chase Sapphire credit card, they may first wish to open a secure credit card account to begin rebuilding and repairing their scores. While practicing wise financial decisions and spending, their scores should increase. Over time, these applicants may eventually qualify for the Chase Sapphire card.

Other Factors to Consider

While important, credit scores aren’t the only things lenders look at when approving a loan or credit. Other factors include:

  • Debt to income ratio. Debt-to-income ratios give lenders an idea of ​​whether applicants have enough money to pay new debt. The lower the ratio, the better the chances of approval.
  • Debt to credit ratio. Debt to credit ratios tell lenders what percentage of available credit applicants are using. When this percentage climbs too high, it shows that the applicant may not be financially stable, which could hurt the chances of approval.
  • Age of accounts. Consumers who have maintained multiple credit accounts in good standing for an extended period have a better chance of being approved.
  • Age. Age can often lead to wisdom, and premium credit card issuers generally approve applicants who are at least 21 years old and have a good credit history.

Final grip

The Chase Sapphire Preferred card may be difficult for some depending on credit scores and other approval factors. However, applicants who do not qualify need not worry, as there are several ways to improve credit scores, including reviewing credit reports regularly and not missing payments on existing debts.

Of course, those who qualify may wish to apply sooner rather than later and enjoy the benefits of this premium credit card.

Chase Sapphire Preferred Requirements FAQ

The Chase Sapphire Preferred credit card can be considered a highly sought after card option that racks up significant rewards. Here are some answers to frequently asked questions:

  • What is the lowest credit limit for Chase Sapphire Preferred?
    • The Chase Sapphire Preferred credit card has a minimum credit limit of $5,000. Chase hasn’t released information on the card’s maximum credit limit, but some reports suggest the credit limit could be as high as $100,000.
  • What credit score do I need for a Chase credit card?
    • Chase has not released information on the lowest credit score required for Sapphire Preferred card approval. However, some sources suggest that applicants with very good credit – scores of 750 or higher – have the best chance of approval.
  • Why was I rejected for Chase Sapphire Preferred?
    • There are several reasons why an applicant may not be approved for the Chase Sapphire Preferred card:
      • Low credit score. Approved applicants generally have very good credit ratings.
      • High debt to income ratio. A high debt ratio is a red flag for lenders.
      • High credit utilization scores. Also a red flag for lenders.
      • Age. Applicants under 21 may find it difficult to get approved as they likely have poor credit history.

Information is accurate as of September 27, 2022.

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