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September 23, 2017

Chase Sapphire Reserve Credit Score: What You Need to Know

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

How to Get Approved for Chase Sapphire Reserve

The Chase Sapphire Reserve is one of the hottest luxury travel reward cards on the market.

But it's not so easy to get.

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

What is the Best Chase Credit Card to Get for 2018?

Credit Score Needed for Chase Sapphire Reserve

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.

There are multiple "credit scores" available. But in general, 720 is considered an excellent score. Most Chase Sapphire Reserve cardholders have "excellent" scores over 720, with an average of around 750. But people have also reported being approved with "good" credit scores under 700, some even as low as 650.

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 next.

Factors That Chase Considers

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

  • Average age of your accounts: This is a card for experienced credit card users. If your other cards accounts are still pretty new, this doesn’t give Chase much info on whether you can handle credit responsibly.

  • Your total credit limit: The Chase Sapphire Reserve is a Visa Infinite card, so the minimum credit limit is $10,000. If you're new to credit and have low limits with your other credit cards, Chase may not be comfortable approving you for $10,000 either.

    Note: If you already have other Chase cards with high credit limits, Chase may not issue you another card. Typically, Chase has a maximum credit limit they’ll extend to each user (usually a percentage of your income). In this case, you can ask to move over some of the credit limit unto the Sapphire Reserve.

  • 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 this card after you have paid off your balance on your other cards.

  • Your income: With an annual fee of $450, the Reserve is a luxury credit card targeted towards heavy spenders. Chase may also look at your income to make sure it can support it, particularly if your credit score is lower. Generally, you’d need an income of at least $50,000 (though most cardholders have incomes closer to 6 digits).

    Tip: If you’re a couple living together, remember that you can put both of your incomes. If you still get financial help from your parents, you can add in their income too.

  • 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.

  • Prior relationship with Chase: Most Reserve cardholders already carried another Chase credit card. And about a third is also a Chase banking customer. If all your accounts with Chase are in good standing, a prior relationship may win you some points.

    Tip: Some cardholders already have the Chase Freedom. The Freedom is an ideal companion since you get up to 5% back on rotating categories.

Ready to apply? Click here to visit Chase' secure website for the online application form, including the latest promotion.

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).
    • If you have other Chase cards with high limits, ask if you can move some of the credit limit over.

    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).
    • Consider opening a banking account with Chase. Or apply for another Chase card first (but make sure you won’t hit the 5/24 limit). A prior relationship may help your odds

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

Bottom Line

The Chase Sapphire Reserve 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.

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 September 23, 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.

Disclaimer: The information for the Chase Freedom has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Reserve
Apply for Chase Sapphire Reserve
At Chase's Secure Site
  • Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Plus, no foreign transaction fees
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • 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
17.24% - 24.24% Variable
$450

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Premier Rewards Gold Card from American Express


Chase Sapphire Preferred Review

Travel credit cards are a great way to earn flights and hotel stays. Our favorite is the Chase Sapphire Preferred® Card because of its bonus point offers and premium travel benefits. Read on to see if the Sapphire Preferred's annual fee is worth ...
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