How hard is Chase Sapphire Preferred to get?

How hard is Chase Sapphire Preferred to get? While there is no official score required, it is generally known that the Chase Sapphire Preferred® Card requires a good credit score, which means 690 or higher. This is not a hard and fast rule, however, and those with credit scores lower than 690 could possibly get approved.

Do credit card companies actually check your income?

Credit card companies ask for your income to determine whether to approve your application and, if so, the amount of credit to issue you. For example, a card issuer could decide that based on your income, it will approve you for a card with a credit limit of $1,000, or $5,000, or more.

Is it better to use Chase Freedom or Sapphire Preferred?

If you want to use your Chase Ultimate Rewards® for cash back, the $0-annual fee Chase Freedom Flex? makes the most sense. If you want to use your points for travel, the Chase Sapphire Preferred® Card is a better choice for your wallet. But you don't necessarily have to choose one or the other.

What is the 5 24 rule?

AFP via Getty Images. The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.

What is the 48 month rule for Chase Sapphire?

This is a relatively new Chase rule, but an important one: You cannot receive a Sapphire sign-up bonus if you've already received a bonus from either version (Preferred or Reserve) within previous 48 months. It's important to note it's 48 months or 4 years from the receipt of the statement with the bonus on it.

Is Chase Sapphire Preferred for beginners?

Our #1 recommended beginners rewards card featuring a 60,000-point signup bonus after you spend $4,000 on purchases in the first 3 months from account opening. This card comes with great benefits and earns valuable Ultimate Rewards points.

Is Chase Sapphire prestigious?

Chase Sapphire Reserve is a metal credit card, which is often associated with prestigious cards. The card gives up to $300 in credits for travel purchases each account anniversary year. Cardholders get a $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck.