In order to receive an invitation, you must be a J.P. Morgan Private Bank member with more than $10 million in assets.
A great alternative you can actually apply for is the Chase Sapphire Reserve® card, which comes with similar benefits. You can also check out our editors’ latest picks for the best travel credit cards on the market to weigh your options.
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.
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.
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