Should I get Chase Freedom Unlimited or the Amazon Prime Visa?

You can get the best Chase Freedom Unlimited approval odds if you have a credit score of 700 or better. This means that this card requires at least good credit for high chances of approval. While your credit score is one of the most important factors, there are also various other factors that determine your Chase Freedom Unlimited approval odds.… read full answer

What You Need for Good Chase Freedom Unlimited Approval Odds

• Good credit or better
• Steady income that exceeds your existing financial obligations by a healthy amount
• Low debt compared to income
• Low housing costs compared to income
• S. mailing address
• Age of 18+
• Social Security Number or Individual Taxpayer Identification Number

Keep in mind that many of these are guidelines rather than requirements. For example, you may have a low annual income but no debts and still get approved.

If you want to enhance your application by improving your credit score, WalletHub’s free credit analysis can tell you what steps to take.

The Amazon.com Credit Card approval odds are good if you have at least a good credit score. Generally, the higher your credit score, the better your odds of approval are. However, your credit score is just one part of your creditworthiness. On its own, it does not guarantee approval.

What you need for good Amazon.com Credit Card approval odds:… read full answer

• At least good credit
• Enough income to pay credit card bills
• Low debt relative to income
• Good payment history
• Positive recent credit inquiries

If you have less than good credit, your approval odds are better for the Amazon.com Store Card. You’ll only need a fair credit score to have a reasonable shot at getting the card.

The tradeoff is that unlike the Amazon.com Credit Card, which you can use anywhere Visa cards are accepted, the Amazon.com Store Card is limited to purchases on Amazon.com and at retailers that accept Amazon Pay. And you’ll only get rewards from the store card if you’re a Prime member, unlike the Amazon.com Credit Card.

Yes, you can upgrade your Chase Freedom to Chase Freedom Unlimited. To upgrade, call customer service at (800) 945-2000. The representative will review your account to make sure you’re eligible.

What you should know about the Chase Freedom Unlimited upgrade:

• You can upgrade to Chase Freedom Unlimited once the Chase Freedom account has been open for at least 12 months.… read full answer
• It should take just a few minutes to receive a decision, and it won’t hurt your credit score because there’s no hard inquiry.
• If you’re approved for an upgrade from Chase Freedom to Chase Freedom Unlimited, you will not be eligible for the initial bonus. You will, however, benefit from the 1.5 - 5% cash back earn rates on your purchases 1 to 2 days after the product change.
• The card number and APR will remain the same. But the new Chase Freedom Unlimited card will come with an updated 3-digit security code, so you will need to activate the card before you can use it.

To increase the odds of getting an upgrade, make sure your Chase Freedom account is in good standing. That means you should have a clean payment history and a low utilization ratio, preferably less than 30 percent of your overall credit limit.