Your Chase Sapphire Preferred approval odds are best if you have a credit score of at least 700. That means you’ll need at least good credit to be approved. Having a steady income is also preferable. In addition, you need to be at least 18 years old and have either a Social Security Number (SSN) or an Individual tax ID Number (ITIN).
Here’s how you can gauge and improve your Chase Sapphire Preferred approval odds:
You must be at least 18 years old and have either an SSN or an ITIN.
Have a credit score of at least 700. That means you’ll require at least good credit for approval.
Having a steady income and low existing debt load is preferable.
Must have opened less than five personal credit cards in the last 24 months – known as the “5/24 rule”.
If you’re already a Chase customer, you can check to see if you’re prequalified for the Chase Sapphire Preferred online. This inquiry will not hurt your credit score, but it won’t guarantee approval either.
To get a better understanding of where you stand in terms of your chances of approval for the Chase Sapphire Preferred and other credit cards, you can check your credit score for free, right here on WalletHub.
It can take as little as a minute to get approved for Chase Sapphire Preferred. If you don’t get instantly approved, it usually takes 7-10 business days to receive a decision on your application.
Once approved, applicants should receive their new Chase Sapphire Preferred card in the mail in about one or two weeks. To get 72-hour expedited shipping, call Chase customer service at … read full answer(800) 432-3117. The service is free but only available upon request.
The main exception to the rule is the Chase Freedom® Student credit card, which is available to students with limited credit or better. Still, the higher your credit score is, the better your Chase credit card approval odds will be.… read full answer
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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