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March 17, 2020

What Do I Need to Get a Chase Credit Card

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Find out the minimum you need to get approved for a Chase credit card (including credit score, income, and other requirements).

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Chase is one of the most popular credit card issuers, offering a wide range of options from beginner cards to premium travel rewards cards. The more premium cards will have stricter approval requirements.

Below, learn what you need to be approved for a Chase card.

CREDIT SCORE NEEDED FOR CHASE CARDS

While there is no hard-set credit requirement for any of Chase's cards, there are some general guidelines. More premium cards with higher annual fees will require higher credit score. Here's what you can expect:

  • Excellent Credit Score Required (720+)
    Chase Sapphire Preferred
    Chase Sapphire Reserve
    Chase Marriott Bonvoy Boundless

  • Good-Excellent Credit Score Required (700+)
    Chase World of Hyatt
    Chase United (Club & Explorer)
    Chase IHG Rewards Club Premier
    Chase Amazon Prime Rewards Visa Signature

  • Good Credit Score Required (680+)
    Chase Freedom Unlimited
    Chase Southwest Rapid Rewards (all)

  • Average/Fair Credit Score Required (600+)
    Chase Slate
    Chase Disney Visa

Of course, the above is no means the definitive guide (and not the full list as we only included the more popular cards). For example, some people have reported being approved for the Sapphire Preferred credit card with a score under 700.

There are lots of other factors that Chase considers as well. We'll go over them next.

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.

INCOME NEEDED FOR CHASE CARDS

There is no official income requirement for Chase cards. However, Chase will consider your income in the decision process. Chase needs to make sure it can support the credit limit and annual fee (if any).

Some of Chase's cards have minimum credit limits. For example, the minimum credit limit for the Chase Sapphire Preferred is $5,000 (and $10,000 for the Sapphire Reserve). If your income isn't high enough and Chase isn't comfortable giving you that much credit, then you won't be approved for the card.

Here are the different types of cards Chase offers and their minimum limits:

  • Visa Traditional: Typically $500 minimum
    Includes the Freedom cards, Southwest cards, and Disney cards.

  • Visa Signature: $5,000 minimum
    Includes the Sapphire Preferred, Amazon Prime Rewards, United Explorer cards, Marriott Bonvoy, and World of Hyatt.

  • Visa Infinite: $10,000 minimum
    Includes Chase Sapphire Reserve.

  • World Elite Mastercard: $5,000 minimum
    Includes the IHG Rewards Club cards.

You can use this information to make a more informed guess on whether you'd be approved or not. For example, most Sapphire Reserve cardholders have income closer to six digits. Chase Preferred cardholders generally have income over $50,000.

WHAT IS NEEDED FOR CHASE BUSINESS CARDS

Chase business cards are rumored to be not the easiest business credit cards to get. All Chase business cards are Visa Signature cards with a minimum of $5,000 credit limit.

The two most important things you need are:

  • An excellent credit score (usually 720+)
  • A for-profit business

In the application, you'll need to fill out information such as your type of business, annual revenue, number of employees, and years in business. If you don't have a real business, you most likely won't be approved no matter how great your credit.

You may be surprised by what could be considered a business. Here are some examples of small businesses that could qualify for a business credit card:
  • If you're a freelance web designer
  • If you have an Etsy shop
  • If you sell books on eBay
  • If you drive Uber in your spare time
  • If you tutor students
  • If you sell cookies at the farmers market

Don't worry if your business is new and you don't have much (or any) business revenue yet. When determining approval, Chase will also look at your personal credit history and personal income.

It's uncommon to get an instant approval on Chase business cards. If you get the pending response, we recommend that you DON'T jump the gun and call reconsideration. That may actually hurt your chances as now you'll have to explain your business to an analyst. It's better to just wait for the system to process your application and then call recon after you've been denied.

A prior relationship also helps. If you already have a Chase banking account or use personal Chase cards and your accounts are in good standing, it may make Chase more likely to approve you for their business card too. Also consider opening a business checking account with Chase to improve your chances.

STAY UNDER THE CHASE 5/24 REQUIREMENT

You need to stay under Chase's 5/24 policy to even be considered for approval. This rule is the biggest reason why those with excellent scores get denied.

This rule says that if you've opened 5 credit card accounts in the past 24 months (with any bank), you will automatically be denied for a new Chase card, even if you have a perfect credit score. This is an unofficial, but widely accepted, rule.

As of November 2018, ALL Chase credit cards are subjected to this rule. There are no longer any Chase cards to which this rule does not apply.

Mostly, the 5/24 limit is for new personal card accounts. If you opened some new business credit cards in the past 2 years, they may not be counted (with some exceptions). Be sure to read our detailed article about this 5/24 rule.

Most business credit cards don't report to personal credit bureaus, so they won't count towards the 5/24 limit. HOWEVER, business credit cards from Capital One, Discover, and TD Bank will count as they report to personal credit bureaus.

DON'T HAVE TOO MANY RECENT HARD INQUIRIES

Also pay attention to how many recent hard inquiries you've had on your credit report. People have reported being rejected because of too many inquiries. This may give banks the impression that you're desperate for credit.

It's unclear what number Chase considers to be "too many." If you've been shopping around for financing (like for a mortgage or a new car), it may be best to wait a couple of months and then apply for a Chase card.

If you do get denied for this reason, you can call reconsideration and explain the inquiries.

The Chase reconsideration hotline number is:
  • 1-888-270-2127 (personal cards)
  • 1-800-453-9719 (business cards)

AMOUNT OF EXISITING CREDIT WITH CHASE

Chase usually has an overall amount of credit they're willing to give you. They have an internally calculated number based on your income and other financial factors.

If you already have a couple of Chase cards, maybe you're nearing or maxed out on the limit, and they wouldn't want to issue you a new card with more credit (even if you meet all other qualifications).

In this case, you can ask if you can ask to transfer some limit over to the new card. This way, you're not getting more credit with Chase.

CHASE 2/30 RULE

This is another unofficial rule that says that you cannot be approved for more than 2 Chase cards within any 30-day period. Usually, this goes for 2 personal cards.

Many applicants have luck when they apply to 2 personal cards at the same time. An advantage is that this will be just one hard inquiry on your credit report. However, this usually works best when the 2 cards are not from the same family (for example, a Chase Freedom Unlimited and a Chase co-branded card).

If you're not sure whether you'd be approved, we think it's better to just apply to one first. And then apply for the second one after you've gotten approved.

There are also reports of people who were approved for 2 personal cards AND 1 Chase business card within 30 days. From user reports, it's usually best to submit the business credit card application separately.

CHASE SAPPHIRE RULES

Lastly, there are some rules specifically for the popular Chase Sapphire cards. This includes the Sapphire Preferred and Sapphire Reserve (and an old no-annual-fee Sapphire card that's no longer open to new applicants).

You cannot own more than one card in the Sapphire family. For example, if you already have the Sapphire Preferred and now want the Reserve, you will not be able to apply. In this case, you have to call customer service and do one of 2 things:

  • Upgrade your current Preferred to Reserve, or
  • Close your Preferred account and apply to Reserve.

There are some rules regarding the welcome bonus too. You can only earn the welcome bonus on a Sapphire card once every 48 months.

In the above example, if you've had your Preferred card less than 4 years, then you may as well just upgrade since you won't be getting a new bonus anyway. But if your Preferred card is more than 4 years old, then you can close the account and do a new application for the Reserve and get a new bonus.

BOTTOM LINE

Hopefully you have a better idea of what is needed for a Chase credit card. Remember that there is no official credit or income requirement. But you can use the above guidelines to assess how qualified you are before applying. If you think you're currently falling short, we recommend working on building your credit first.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

Editorial Note: 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 any card issuer. This site may be compensated through the Advertiser's affiliate programs.

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: The information for the Chase Freedom Unlimited® 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 Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
15.99% - 22.99% Variable
$95

How Hard Is It to Get Chase Credit Card

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