The Chase Ink Business Preferred credit score requirement is 700. Good personal credit or better is needed to have a decent chance of being approved for the Ink Business Preferred card. Chase evaluates applications based on a review of the applicant’s personal credit history, since cardholders must personally pay off any debts the business cannot.
The card’s minimum credit score requirement has other implications, too. If you’re approved for an Ink Business Preferred card, your credit score will carry a good deal of weight toward determining the account’s credit limit and interest rate. So, the higher the credit score, the better the chance of securing favorable terms on the account.
Along with meeting Chase Ink Business Preferred’s credit score requirement, an applicant must also offer proof of a steady income sufficient enough to make the minimum payment each month. How much you owe on other credit cards and loans and the number of open credit accounts you have are among the criteria that will also factor in Chase’s decision. The application will likely be rejected if your credit report contains negative entries such as an unresolved bankruptcy, a history of late payments, or numerous credit inquiries over a short period of time.
The Chase credit card credit score requirement is "good" (a score of 700, at a minimum) or "excellent" (a score of 750, at a minimum), depending on the card. Most Chase cards require at least good credit (a score of 700+), including the Amazon.com Credit Card, the Chase Freedom Flex℠card, and the Ink Business cards. There are also several Chase credit cards that require excellent credit, including the … read full answerChase Sapphire Reserve® card. Chase does not offer credit cards for fair credit or lower credit scores at this time.
It is possible to get approved for a Chase credit card with a credit score lower than 700. Your chances are best if you have a high income and not much debt. Chase also looks at your employment status, housing information, credit history, payment history and more. These factors, combined with your credit score, will ultimately determine your creditworthiness. But the higher your credit score is above 700, the better your Chase credit card approval odds will be.
Major Chase credit card credit score requirements:
Chase hotel cards: Good Credit. World of Hyatt Credit Card, for instance, requires a credit score of 700 at a minimum. That means you need good credit or better for approval.
Most Chase airline cards: Good Credit. United Quest℠ Card, for instance, requires a credit score of 700 at a minimum. That means you need at good credit or better for approval.
Be sure to check your credit score regularly to assess your chances of meeting the Chase credit card credit score requirements. Chase also has an online pre-approval tool that gives you an indication of how well your credit stacks up without having to formally apply.
You'll know within seconds if you're pre-approved for any Chase credit cards. There's no guarantee you'll be approved if you apply, but the odds are on your side. Pre-approvals are done using a soft inquiry or "soft pull" on your credit report, which means there's no effect on your credit score. However, if you decide to actually apply for a card, Chase will perform a hard inquiry, which may cause a slight dip in your credit score.
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