What is the Chase Sapphire Preferred credit limit?

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. The Chase 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.

Chase Credit Card Starting Limits:

• Chase Sapphire Reserve®: $10,000
• Chase Sapphire Preferred® Card: $5,000
• Chase Ink Business Credit Cards: $3,000-$5,000
• Chase Freedom Flex℠: $500
• Chase Freedom Unlimited®: $500 (Signature: $5,000)
• Chase Slate Edge℠: $500
• Chase Freedom® Student credit card: $500 (Signature: $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.

You can check your latest credit score for free on WalletHub to see where you stand.… read full answer

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

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:

1. Call Chase at (800) 432-3117.
2. Enter your card number.
3. Follow the prompts to speak with a representative.
4. Tell the representative that you want a credit limit increase, and specify how much you’re looking for.
5. 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.
6. Give permission to Chase for a hard pull of your credit, if needed.
7. Wait for the representative to tell you if you are eligible for an increase.
8. 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.