Sarah Bilkins, WalletHub Credit Card Analyst
@sarah.bilkins
Chase Sapphire Reserve's income requirements are not publicly disclosed. Your income should cover the $795 annual fee and monthly payments on a credit line of $10,000 or more, and the more income you have compared to your debt the better, but there is no specific guidance.
Chase Sapphire Reserve Income Rrequirement Facts
- Chase doesn’t disclose any particular number. You might get approved with a lower income but near perfect credit. Or you might get approved with credit toward the lower end of the excellent range but a very high income. The situation is different for each person.
- To get this card, you must be able to afford at least the $795 annual fee and minimum monthly payment. The smallest credit line you can get is $10,000. And if you used all of that, your minimum payment would be $100, plus interest.
- Debts are important too. If every dollar you earn already goes to repaying other balances, your income alone doesn’t really reflect your ability to pay. That’s why Chase considers your debt-to-income ratio.
Working to increase your income before you apply for Chase Sapphire Reserve could be helpful. Of course, that’s not always doable. But if you’re able to get a raise or do some extra work, it could increase your approval odds.
You should also be sure to include every piece of income you can in the figure you report on your application. It’s not just your job that counts. Gifts, scholarships, grants, trust funds, Social Security income and retirement income do, too.
Finally, it’s important to remember that income isn’t everything. You’ll also need an excellent credit score (750+). Plus, Chase will look at your housing status and number of recently-opened accounts.
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Eric, Member
@ericheine
I just got approved with a 743 credit score and 25k income!
Rob Hennesey, Member
@rob_hennesey
It's not disclosed. I can tell you I was at around 80k a year when I got approved, if that helps.
Dodger Bernard, Member
@dodger_bernard
I remember reading somewhere that the average income of a Chase Sapphire Reserved cardmember is approximately $180,000.
People also ask
What are my Chase Sapphire Reserve approval odds?
Your Chase Sapphire Reserve approval odds are good if you have a credit score of 750+, which is considered excellent credit. Approval odds for the Chase Sapphire Reserve will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN or ITIN, as well.
What You Need for Good Chase Sapphire Reserve Approval Odds
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Why was my Chase Sapphire Reserve application denied?
Your Chase Sapphire Reserve application may have been denied for various reasons, such as a low credit score, not enough disposable income, or too much debt. You should receive a letter from Chase explaining the exact reason for the denial.
If you feel your application deserves a second look, you can call Chase to ask for reconsideration. However, you’re only likely to succeed if you can prove your credit and/or income are significantly better than they appeared...
read full answer by Chip Lupo, Credit Card WriterWhat is the minimum salary for a credit card?
The minimum salary for a credit card depends on the specific card, but you may be able to get approved for a credit card with an annual salary as low as $10,000 or so. While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.
Credit card issuers’ minimum annual...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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