The Chase Sapphire Preferred credit limit is $5,000, at a minimum. But some cardholders can get a credit limit higher than that. Plenty of Chase Sapphire Preferred cardholders report limits of at least $10,000, and some say they have a limit of $20,000 or more. Chase doesn’t publicly disclose the Chase Sapphire Preferred maximum credit limit.
What you should know about the Chase Sapphire Preferred credit limit:
The credit limit you get on your Chase Sapphire Preferred will depend mainly on your credit score, income, and other existing debts, along with your credit utilization.
The closer to perfect your credit is and the more money you make relative to what you owe, the higher credit limit you can expect.
You can also ask for a Chase Sapphire Preferred credit limit increase by calling the number on the back of your card. However, there is no guarantee you’ll be approved. You should also note that credit limit increase requests will trigger hard pulls, which can temporarily hurt your credit score.
To increase your chances of approval, it’s best to make sure you’ve paid the bill on time for at least six straight months.
Not many cards have minimum credit limits higher than Chase Sapphire Preferred’s, but Chase Sapphire Reserve® is one of them. Chase Sapphire Reserve’s limit is $10,000 or more.
The starting Chase credit card credit limit could be as low as $500 or as high as $25,000+, depending on the card and your overall credit standing. One of the Chase credit cards with the highest starting limit is the Chase Sapphire Reserve®, which has a minimum credit limit of $10,000. TheChase Freedom Flex℠ card’s minimum credit limit, on the other hand, is one of the lowest Chase offers, at $500.… read full answer
For certain cards, Chase will approve you for either a Signature or Platinum account. Platinum accounts have lower starting limits than Signature, so applicants with lower credit scores who are approved will get a Platinum account. All individuals approved for Signature accounts typically receive a credit limit of at least $5,000.
Since Chase only lists starting limits for their credit cards, you could definitely receive a higher limit. The highest credit limits will go to applicants with excellent credit and high incomes.
Ultimately, you could also check our editors’ latest picks for the best high limit credit cards on the market to weigh your options.
Applicants for the Chase Sapphire Preferred card need a credit score of 700 or higher for good approval odds. This card requires at least good credit to qualify, and the higher your credit score is, the better your approval odds will be.
It’s important to note that while your credit score is an important factor in determining whether or not you will be approved for Chase Sapphire Preferred, there are plenty of other things that will impact the decision, too. Some other important criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, monthly housing payment, and more.
It can be hard to qualify for the Chase Sapphire Preferred® Card card. But this card is worth getting, especially due to its generous bonus rewards on travel and dining.
Chase Sapphire Preferred Rewards & Perks
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
The Chase Sapphire Preferred card also comes with several benefits, including different types of travel insurance, extended warranty protection, and purchase protection.
What to Do If You Get Rejected for Chase Sapphire Preferred
If you get rejected for Chase Sapphire Preferred, you can call Chase’s reconsideration line at (888) 270-2127. Just bear in mind that you’ll typically have a shot at overturning a denial only if you can prove that your financial profile is better than it appeared on your initial application.
If this doesn’t work or if you don’t think you have what it takes to meet the credit score requirement, you’re still not out of options. There are plenty of great rewards credit cards for people with good, fair, limited and even bad credit. You can check out WalletHub’s review of 2023’s best rewards cards for each credit level to learn more.
To get a Chase Sapphire Preferred credit limit increase, call Chase at (800) 432-3117 and ask a representative for a higher limit. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Chase has on file. Chase will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
How to Get a Chase Sapphire Preferred Credit Limit Increase over the Phone:
Follow the prompts to speak with a representative.
Tell the representative that you want a credit limit increase, and specify how much you’re looking for.
Be prepared to give reasons why you deserve an increase. This might include low utilization, a history of timely payments, an increase in your income and/or being a customer for a long time.
Give permission to Chase for a hard pull of your credit, if needed.
Wait for the representative to tell you if you are eligible for an increase.
Accept the increase offer, try to ask for more, or decline the offer.
You should receive a decision in just a few seconds. If you’re approved for a Chase Sapphire Preferred credit limit increase, the new limit is effective immediately.
Impact of a Chase Sapphire Preferred Credit Limit Increase on Your Credit Score
When you request a Chase Sapphire Preferred credit limit increase, Chase will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. Chase cannot do a hard pull without your permission, though.
Alternatively, you could be eligible for a Chase Sapphire Preferred credit limit increase without even requesting one. The Chase Sapphire Preferred card may offer an automatic credit limit increase if Chase’s regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
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