How do I apply for the J.P. Morgan Reserve card?

Chase may use any of the three major credit bureaus to evaluate credit card applications for approval: Experian, TransUnion and/or Equifax. The credit bureau that Chase will pull your credit report from depends on which state you live in and which Chase credit card you apply for.

Reports from forums around the internet seem to suggest that Chase pulls Experian credit reports more often than the others. But they use all three major credit bureaus in some states.… read full answer

Keep in mind that Chase doesn’t release this information, so it’s impossible to be certain about which bureau they will pull your report from.

There are a handful of universal minimum Chase credit card requirements: 1) an SSN; 2) a U.S. mailing address; 3) enough money for monthly bill payments; 4) good or excellent credit; 5) fewer than five credit cards opened in the last two years (widely rumored but not confirmed); and 6) no bankruptcy on your credit report (widely rumored but not confirmed). In general, Chase credit cards aren't the easiest to get since most require a good or excellent credit score for approval (700 or more).… read full answer

Most of those requirements are pretty standard, although some credit card companies offer cards to people with lower scores. But merely meeting those baseline criteria doesn’t guarantee approval. Each individual Chase credit card has requirements on top of that, which are tailored to identifying the right type of cardholder for that particular offer. For instance, you need at least $10 million in assets to qualify for the J.P. Morgan Reserve Credit Card.

But let’s focus on what you can control: your credit standing and ability to pay. You can easily check how you’re doing in both categories and take steps to improve before applying for a Chase credit card, if necessary. Below, you can find info on the most popular Chase cards’ credit requirements and minimum spending limits. This should help you estimate your approval odds. Seeing which Chase credit cards you’re pre-approved for isn’t a bad idea either.

Chase credit cards that require excellent credit

• Chase Sapphire Reserve®: $550 annual fee, $10,000 minimum limit
• J.P. Morgan Reserve Credit Card: $550 annual fee, no disclosed minimum credit limit

Chase credit cards that require good credit or better

• Chase Freedom Flex℠: $0 annual fee, $500 minimum limit
• Chase Freedom Unlimited®: $0 annual fee, $500 minimum limit
• Chase Sapphire Preferred® Card: $95 annual fee, $5,000 minimum limit
• Ink Business Preferred® Credit Card: $95 annual fee, $5,000 minimum limit
• Ink Business Cash® Credit Card: $0 annual fee, $3,000 minimum limit
• Amazon.com Credit Card: $0 annual fee, $500 minimum limit
• Disney Premier Credit Card: $49 annual fee, $5,000 minimum limit
• 9 other co-branded cards with $5,000 minimum limits

Now you know some of the tests you’ll need to pass to get a card from Chase. But this just scratches the surface of what Chase looks at for approval. They’ll also examine your debts, credit utilization, and a whole host of other factors.

If you have limited or damaged credit, your chances of getting a Chase card are almost none. Instead, I’d recommend the Capital One QuicksilverOne Cash Rewards Credit Card for limited credit rewards, the Journey Student Rewards from Capital One if you’re a college student, and Capital One Quicksilver Secured Cash Rewards Credit Card if you have bad credit.