It generally takes 7-10 business days to get approved for the Chase Sapphire Reserve credit card. Some Chase Sapphire Reserve applicants may get approved instantly after applying online, if they are a clear match for the card’s approval requirements. In some cases, however, it can take Chase up to 30 days to make a ruling.
Here’s the Chase Sapphire Reserve approval timetable:
Instant Decision Possible. When you apply for Chase Sapphire Reserve online, you could find out whether you’re approved or denied by the time the page refreshes.
7-10 Business Days. Typically, you can expect a decision letter within 7-10 business days. However, if Chase needs to collect additional information, you’ll be notified of their decision within 30 days, at the longest.
72-Hour Shipping Available. After approval, the Chase Sapphire Reserve will be sent out to you by mail within 3-5 business days. But you can request free expedited shipping and get it in 72 hours. Just call Chase customer service at (800) 945-2000.
After applying, you can check the status of your application by contacting customer service at (888) 609-7805. There is no option to check the status of your application online.
After you apply, you usually receive an answer within 7-10 business days. There are cases when you get approved or denied instantly, but only if you apply online. After being approved, it usually takes about one or two weeks for the card to get to you in the mail. When you receive it, just activate it and start using it.
The Chase Sapphire Preferred delivery time is typically 7-10 business days by mail after you’re approved. Chase will expedite shipping for free upon request. Call Chase customer service at 1 (800) 432-3117 and you’ll receive the card in 72 hours. Chase Sapphire Preferred does not offer instant card numbers, so you’ll have to wait until the card arrives before you can use it. Once you get the card, just activate it and it will be immediately ready for use.… read full answer
Yes, Chase Sapphire Reserve is worth its $550 annual fee if you spend at least $4,000 in the first 3 months and qualify for the card’s initial bonus of 60,000 points. Frequent travelers will also get a lot of value out of Chase Sapphire Reserve because it comes with a $300 annual travel credit and good ongoing rewards.… read full answer
Chase Sapphire Reserve Worth: Key Considerations
You earn 1 - 10 points / $1 spent on purchases, including 10 points / $1 spent on select travel expenses.
You’ll have an opportunity to earn an initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months.
Chase Ultimate Rewards Reserved points are worth 50% more than usual when you redeem them for travel through Chase Ultimate Rewards Reserved.
There are several types of travel insurance, including a $1 million benefit for serious injury or death.
You get a Priority Pass Select airport lounge membership that would usually cost $429 a year.
You’ll receive a $300 travel credit each account anniversary year.
Tips for Getting the Most Out of Chase Sapphire Reserve
Chase Sapphire Reserve’s attractive features are only worth it if you travel frequently and have the excellent credit needed to get approved. You’ll also need to earn enough rewards – or utilize enough of the card’s other perks – to make it worth owning.
For example, if you make the most of the Priority Pass membership ($429 annual value), along with the $300 annual travel credit, you’d recoup the entire annual fee. That shouldn’t be hard for frequent travelers to do every year. And the more benefits you take advantage of, the less you need to spend to break even.
Finally, in order for Chase Sapphire Reserve to be worth it, it’s important to pay the bill in full each month. Otherwise, you’ll end up paying a 21.24% - 28.24% (V) interest rate on the unpaid balance, which will decrease the overall value of the card’s perks and rewards.
More moderate spenders looking for a travel rewards card without the huge annual fee should check out our editors’ picks for the best travel rewards credit cards to help narrow the search.
Just bear in mind that you’ll need more than a high credit score to get approved for Chase Sapphire Reserve. Let’s take a look at some of the other essential requirements.… read full answer
Here are Chase Sapphire Reserve’s credit score & other approval requirements:
Excellent credit score. You might find yourself getting approved with a lower score or denied with a higher one. But a credit score of 750 or higher definitely helps to maximize your chances.
Eligibility. You must be over 18 years old with a U.S. mailing address and a Social Security number.
Income. You don’t absolutely need a job, but you must have some kind of income and/or assets to prove to Chase that you have the means to pay for the charges you make.
As little debt as possible. Chase will weigh your income against your debts to determine how much you can afford to borrow.
No bankruptcy. You probably won’t be in this situation if you have an excellent credit score. But you won’t get approved while in active bankruptcy and will have a tough time as long as any record of bankruptcy is on your credit report.
So, as you can see, a lot more than just your score goes into approval. But having an excellent credit score is still a very important requirement. If you’re not sure where you stand right now, you can check your latest credit score for free on WalletHub, the only site with free daily updates to your scores and reports.
Ultimately, if you find out that your credit isn't quite up to par, working to improve it can drastically increase your approval chances. For advice on what to do, check out your custom credit analysis.
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