There are several Chase $500 bonus offers, including 60,000 points for spending $4,000 in the first 3 months with a Chase Sapphire Reserve® card. That’s worth $600 in statement credit or $900 in travel. The Chase Sapphire Preferred® Card offers 100,000 points with the same spending requirement as the Chase Sapphire Reserve®. But its points are worth a total of $1,000 in statement credit or $1,250 toward travel. The Chase Sapphire Reserve® requires excellent credit, while the Chase Sapphire Preferred® Card requires good credit.
Chase’s $500 bonus for opening both a Chase checking account and a Chase savings account at the same time is no longer available. That offer expired in October 2018.
For the card offers, note that the points or cash back may not show up in your account until 6 to 8 weeks after you meet the spending requirement. With the checking and savings bonuses, your cash will be deposited within 10 business days after qualifying.
To have decent Chase Sapphire Reserve approval odds, applicants need a credit score of 750 or higher, which is considered excellent credit. Chase doesn’t publicly disclose their exact approval criteria. But they will definitely look at income level and current debt load as well as credit history.
You can see if you pre-qualify for a Chase credit card using the tool on … read full answerChase’s website. The tool doesn’t let you check your pre-qualification status for a specific credit card, but Chase Sapphire Reserve may show up in the results. The only way to specifically check for pre-qualification for the Chase Sapphire Reserve Card is by asking at a Chase branch. That’s worth doing if you’re worried about your Chase Sapphire Reserve approval odds. Being pre-approved for a credit card means the chances of success upon applying for real are about 90%.
Getting a feel for your approval odds before applying for a credit card is important because each application causes a temporary dip in your credit score. So, you’ll only want to apply if you have a reasonable shot at success. To that end, there are a few more points to keep in mind as you estimate your Chase Sapphire Reserve approval odds.
Chase Sapphire Reserve Approval Odds Info:
Chase Sapphire Reserve requires excellent credit for a strong chance of approval, which means a score over 750. Many people consider a score of 720 or above to be excellent, but WalletHub has found that 750 is really where the odds begin to tip in your favor.
The average person’s Chase Sapphire Reserve approval odds aren’t so hot. The average credit score is just 679, according to the latest WalletHub data.
Chase considers monthly housing payments, home ownership status, annual income and the source of that income, in addition to pulling credit reports.
The odds of approval will be slim for people who have opened 5 or more new cards in the last 24 months. While it’s not an ironclad rule, it’s definitely worth keeping in mind.
You can get a Chase Ink referral bonus by inviting other business owners to apply for any of the Ink Business credit cards; the Ink Business Preferred® Credit Card, the Ink Cash card, and the Ink Business Unlimited® Credit Card. If someone you refer is approved, you’ll receive 20,000 bonus points, worth $200 cash back or $250 toward travel booked through Chase Ultimate Rewards. You’re eligible for five referral bonuses (100,000 points total) each calendar year.… read full answer
So, the Chase Ink referral bonus makes for a nice addition to the cards’ initial bonuses: $750 after spending $7,500 within 3 months with the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card cards and 100,000 points if you spend at least $15,000 in the first 3 months from account opening with the Chase Ink Preferred card.
To invite people to apply for an Ink Business card, you must register online with Chase’s Refer-A-Business Program to receive a special link.
How to get a Chase Ink referral bonus:
Register for the Refer-a-Business program
You can register online from the Refer-A-Business page or through the Chase mobile app. Online, enter your name, zip code and last 4 digits of your Ink Business card number. Then, click “Get Started.” You should see your referral link and a list of options for sharing the link. From the mobile app, log in with your Chase online username and password. You should see the “Refer friends” option. The next page will include the referral link and your sharing options.
Share your referral link
Once you click the “Copy Link” button, you can send your link through text, e-mail or social media. You can always copy the referral link and e-mail it on your own. If you have a Facebook or Twitter account, you can post a general invitation link, too.
Wait for your referrals to be approved
The application deadline is set for later than the last day you can refer to allow the individual time to consider the offer. When a referral is approved for the Ink Business card using your referral link, you’ll receive 20,000 bonus points. If they are denied, you won’t receive the bonus. Rejected applications do not count against your five annual referrals limit.
Collect and redeem your bonus points
Your bonus points will post to your Chase Ultimate Rewards account within two months of your referral’s application being approved. Because of privacy concerns, Chase will not disclose information on the application status(es) of any referral(s).
Points do not expire as long as your account stays open. You can only refer people for the Chase card you own. If you refer them for the Ink Business card and they apply for another Chase card, you won’t receive a bonus.
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