CreditDonkey is a credit card comparison and financial education website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

August 18, 2017

Chase Sapphire Preferred Credit Score: What You Need to Know

Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
This article contains references to products from our partners. We receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

You usually need an excellent credit score for Chase Sapphire Preferred (720+). But this is not the only deciding factor. Find out how to improve your odds.

The Chase Sapphire Preferred is one of the most popular travel reward cards on the market.

But it's not so easy to get.

What is the Best Chase Credit Card Promotion for 2017?

How to Get Approved for Chase Sapphire Preferred

You usually need an excellent credit score. But sometimes, even that won't guarantee an approval. And sometimes, you can be approved with a lesser-than-excellent score too.

We break down the different factors Chase will usually consider, and what you can you do to maximize your chances.

Credit Score Needed for Chase Sapphire Preferred

There are multiple "credit scores" available. But in general, 720 is considered an excellent score. Most Chase Sapphire Preferred cardholders have "excellent" scores over 720. But people have also reported being approved with "good" credit scores under 700.

This is because the credit score is not the only thing that Chase considers when reviewing your application. They will look at other factors as well. We go over what they are below.

Factors That Chase Considers

Many things are taken into account during the decision process. Consider these factors to help improve your Chase Sapphire Preferred approval odds:

  • Your credit score: Chase will usually pull your credit report from a couple of the three credit bureaus (Equifax, Experian, and TransUnion). Your scores may be different across each bureau. So banks will usually look at more than one to get a more complete overview.

  • Your total open cards: A lot of open cards could mean that you're not good at handling your money. Or that you open a lot of cards for the sign-up bonuses. Chase is looking for loyal customers, so they may not want to invite you into the Sapphire family.

    Tip: Chase has a 5/24 rule. If you've opened 5 credit card accounts in the past 24 months, your Chase application will not be approved. This applies to cards with any bank (not just with Chase). So make sure you prioritize this application over any others.

  • Your total credit limit: The minimum credit limit is $5,000 for the Chase Sapphire Preferred. If you're new to credit and have low limits with your other credit cards, Chase may not be comfortable approving you for $5,000 either.

    And on the other hand, if you have too high of a credit limit from your cards, you may not be approved either. That would come off a red flag that you're asking for more credit. This leads to the next factor.

  • Your credit utilization: This means how much of a balance you're carrying compared to your total limit. Ideally, you should never go over 30%. A high percentage is a signal that your income does not support your spending.

    It's best if you apply for the Chase Sapphire Preferred after you have paid off your balance on your other cards. Let's say you have a month where you made a few large purchases. Wait to apply until after you've paid them off.

  • Your recent hard inquiries: People have reported being rejected because there were too many inquiries on their credit recently. This tells banks that you're desperate for credit. If you're very interested in this card, apply for it first before other card applications.

If you think you may not meet any of these factors, it doesn't mean you can't get approved. Read on.

What Can You Do If You Don't Get Approved?

If you get a rejection, it may not be the end. Here are a couple of things you can do.

  • Call the reconsideration hotline: If you believe you have great credit and meet the criteria, you can talk to a representative. Chase has a line where you can explain your situation. This can help them better understand you and possibly reconsider the decision. Here are some tips:

    • Be polite and ask if there's any more information you can provide.
    • Be ready to explain any recently opened credit accounts or credit inquires. Maybe you took out a mortgage or just switched to a new cell phone provider.
    • Explain why you want the card. Don't just talk about the sign-up bonus. Talk about how you would use it (maybe you travel frequently and love their travel partners).
    • Most of all, be courteous. Don't seem desperate for credit.

    The reconsideration number is 1-888-270-2127.

  • Work on building your credit: If you still get denied, or you know you're not quite there yet, then just work on building your credit.

    • Work on paying off the balances on your other credit cards. Don't miss or be late with any payments.
    • You can ask for credit limit increases on your other cards, which will 1) help with the credit utilization ratio, and 2) show Chase that you can be trusted with credit.
    • Refrain from opening new credit accounts, unless it's for something other than a credit card (like a mortgage or car loan).

Remember, you don't only have one chance. You can apply again after your credit has improved.

Bottom Line

The Chase Sapphire Preferred is not the easiest card to get, but don't be discouraged. Just having an excellent credit score does not mean guaranteed success. Nor does a less-than-excellent score mean automatic rejection. There are many factors that go into the final decision. But the bottom line is that it all depends on how well you can manage credit. Good luck.

Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
16.99% - 23.99% Variable
Introductory Annual Fee of $0 the first year, then $95

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on August 18, 2017. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

More from CreditDonkey:


Chase Sapphire Preferred Review


Chase Credit Card Application


Chase Ultimate Rewards Review

More Articles in Money Tips


Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
16.99% - 23.99% Variable
Introductory Annual Fee of $0 the first year, then $95

Compare Chase Sapphire Preferred to:

Compare Chase Sapphire Preferred vs Premier Rewards Gold Card

Premier Rewards Gold Card from American Express

Compare Chase Sapphire Preferred vs American Express Platinum

The Platinum Card® from American Express

Compare Chase Sapphire Preferred vs Barclaycard Arrival Plus

Barclaycard Arrival Plus® World Elite Mastercard®


Chase Freedom Unlimited Review

With 1.5% cash back and no annual fee, does the Chase Freedom Unlimited live up to the hype? Read this in-depth review to see how this card stacks up.

    Beginner's Guide to Airline Miles and Points

    Learn how airline miles work and the 10 steps you should follow to start collecting travel rewards. Before long, you'll be well on your way to redeeming miles for flights and hotel rooms.

    Hotel Rewards

    The sign-up bonuses for hotel rewards credit cards can be tempting, but is a hotel card right for you?

    Airline Rewards

    The best airline credit card racks up miles fast with reasonable fees and amazing rewards.

    Travel Rewards

    Looking for a new travel credit card?

    Foreign Transaction Fee: What to Know Before You Travel Abroad

    Before you go on a trip overseas, be sure you have a credit card with no foreign transaction fees. Read on to learn how to save money on international travel.

    Credit Card Deals

    Signing up for a card with a sign-up bonus or an introductory offer can be a great way to get a head start on earning rewards or to get a handle on your debt.

    Hot Deals: Latest Credit Card Offers

    Signing up for a new credit card is easy. Choosing the right one - the one that fits your spending habits - is the challenge. The experts at CreditDonkey are here to help you find the right choice, starting with deals from our partners.

    Dining Rewards

    If you're usually eating out rather than slaving over a hot stove at home, make a point of using a rewards credit card every time you pick up the tab and save up some serious cash.

    Best Credit Cards

    Here are the CreditDonkey picks for "Best Credit Cards" from our partners in the following categories ...

    Credit Card Rewards

    So you've decided you want to earn rewards for your spending but aren’t sure how to pick the right card?

    No Foreign Transaction Fee Credit Cards

    Most credit cards tack on a 3% charge, or foreign transaction fee, on purchases made outside the United States. If you travel internationally with a no foreign transaction fee credit card, you'll save money on your purchases.

    Credit Card Deals for People with Excellent Credit

    If you have excellent credit, now is the time to take advantage of it.

    Barclaycard

    For Credit Card Cash Back Barclaycard CashForward™ World MasterCard® Travel Barclaycard Arrival Plus® World Elite Mastercard®

    Travel Credit Card Deals

    To learn more, visit Chase's secure website for more information, including their online application.

    Study: Credit Cards for International Travel

    The best credit cards for international travel have no foreign transaction fees, chip technology and worldwide acceptance. Read this before you take off.

    Study: Hotel Credit Cards for Free Nights

    Must-read list of hotel credit card promotions. Check out this essential list of credit card offers before your next hotel stay.

    Study: Credit Card for European Travel

    If you're looking for a credit card that can take you to Europe and back, you might need to look past what's already in your wallet. Let's do a quick inventory: any credit cards with a small chip located on the left-hand side? Put aside any that are missing that telltale square box. They're bound to let you down as you make your way through international lands.

    Review: Barclaycard Arrival Plus vs Chase Sapphire Preferred

    Both Barclaycard Arrival Plus and Chase Sapphire Preferred offer tempting sign-up bonuses, valuable rewards, and travel-friendly redemption options. So which one is better for you?

    How to Maximize Chase Ultimate Reward Points

    Chase Ultimate Rewards program lets you transfer points between your Chase Ultimate Rewards credit card accounts, making it easy to rack up points between multiple cards and redeem them for maximum value.

    Chase Sapphire Benefits: What You Need to Know

    How do the benefits compare between the Chase Sapphire cards? We break them down one by one.
More Articles in Money Tips

Learn more about Travel, Airline and Hotel cards:

Travel


Airline Miles for Beginners


Hotel











About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: The card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.