What are my Chase Sapphire Preferred approval odds? This question is about the Chase Sapphire Preferred® Card

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. Keep your credit utilization low. Avoid having many recent hard inquiries on your credit report. 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.

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What are my Chase Sapphire Preferred approval odds?

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This question is about the Chase Sapphire Preferred® Card

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 03/25/22 This answer was first published on 03/29/21 and it was last updated on 03/25/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.
Keep your credit utilization low.
Avoid having many recent hard inquiries on your credit report.
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.

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Chase Credit Card Credit Score Requirements

Chase Sapphire Reserve®: Excellent Credit (750+)

Chase Freedom Flex℠: Good Credit (700+)

Chase Freedom Unlimited®: Good Credit (700+)

Chase Sapphire Preferred® Card: Good Credit (700+)

Chase Freedom® Student credit card: Limited History. This card is available for students who have limited credit score (less than 3 years of credit history+)

Amazon.com Credit Card: Good Credit (700+)

Ink Business cards: Good Credit. Ink Business Preferred® Credit Card, for instance, requires a credit score of 700 at a minimum. That means you need good credit or better for approval.

Chase hotel cards: Good Credit. The 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 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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What credit bureau does Chase Sapphire Preferred use for approval?

The Chase Sapphire Preferred card mainly uses Experian for approval. That doesn’t mean it won’t use the other major credit bureaus: TransUnion and Equifax, it depends on the state you live in.

As for reporting, Chase reports to all three credit bureaus, regardless of which of their credit card you own.… read full answer

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