How can I estimate my Chase Sapphire Reserve approval odds?

To have decent Chase Sapphire Reserve approval odds, applicants need a credit score of 750 or higher, which is considered excellent credit. Chase doesn’t publicly disclose their exact approval criteria. But they will definitely look at income level and current debt load as well as credit history.

You can see if you pre-qualify for a Chase credit card using the tool on Chase’s website. The tool doesn’t let you check your pre-qualification status for a specific credit card, but Sapphire Reserve may show up in the results. The only way to specifically check for pre-qualification for the Reserve Card is by asking at a Chase branch. That’s worth doing if you’re worried about your Chase Sapphire Reserve approval odds. Being pre-approved for a credit card means the chances of success upon applying for real are about 90%.

Getting a feel for your approval odds before applying for a credit card is important because each application causes a temporary dip in your credit score. So you’ll only want to apply if you have a reasonable shot at success. To that end, there are a few more points to keep in mind as you estimate your Chase Sapphire Reserve approval odds.

Chase Sapphire Reserve Approval Odds Info:

• Sapphire Reserve requires excellent credit for a strong chance of approval, which means a score over 750. Many people consider a score of 720 or above to be excellent, but WalletHub has found that 750 is really where the odds begin to tip in your favor.
• The average person’s Chase Sapphire Reserve approval odds aren’t so hot. The average credit score is just 679, according to the latest WalletHub data.
• Chase considers monthly housing payments, home ownership status, annual income and the source of that income, in addition to pulling credit reports.
• The odds of approval will be slim for people who have opened 5 or more new cards in the last 24 months. While it’s not an ironclad rule, it’s definitely worth keeping in mind.

There have been anecdotal reports of people getting approved for Sapphire Reserve with credit scores in the “good” range, 700-749. But it’s important to take these with a grain of salt. It’s best to wait for a score of 750+ to maximize approval odds.

To have the best Chase Sapphire Reserve approval odds, your credit score must be in top shape. If you need to improve your score, WalletHub’s free credit analysis can tell you what steps to take. And you can track your progress with WalletHub’s free daily credit score updates.

Generally, you need more than 750 to have a good chance for approval. Another thing to take into account would be your income: if you can barely afford to cover your current monthly expenses, no score in the world will save you.