Your Chase Sapphire Reserve approval odds are decent if you have 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.
Chase Sapphire Reserve Approval Odds Info
Chase 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 695, 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 several new credit card accounts in a short timeframe. It’s better to allow at least six months between applications.
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.
The easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.… read full answer
Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So, if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.
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