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Chase offers some of the most valuable credit cards in the market, ranging from luxury travel rewards to cash back. With almost all Chase cards requiring good or excellent credit to qualify, you may be wondering whether or not you’ll get approved. Since approval odds are based on multiple factors — such as length of credit history and on-time payments — it’s not clear-cut whether you’ll qualify for certain cards even with good credit. Chase also has its own 5/24 rule that can add even more restrictions for card applicants.
Thankfully, Chase has a preapproval process that uses a soft credit inquiry, helping you figure out whether you'll qualify for a card without hurting your credit score. Since all applications — whether they get approved or denied — will affect your credit score, the preapproval process can help you realistically manage your expectations.
Which Chase cards can I get prequalified for?
Chase offers preapproval for three cards: the Chase Sapphire Reserve®, the Chase Sapphire Preferred® Card and the Chase Freedom Unlimited®. All three cards earn Ultimate Rewards points, which can then be redeemed for travel, cash back and more.
|Chase Sapphire Reserve® Credit Card||Luxury travel||$550||Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.||Earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases.|
|Chase Sapphire Preferred® Card||General travel rewards||$95||Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn a $50 statement credit towards grocery store purchases within your first year of account opening.||Earn 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases worldwide|
|Chase Freedom Unlimited® Credit Card||Cash back||$0||Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.||Earn 5% cash back on travel purchased through Chase, 3% on dining and drugstores, and 1.5% on all other purchases.|
The Chase Sapphire Reserve® Card is Chase’s top credit card pick for luxury travelers. It offers benefits like an annual $300 travel credit, a complimentary Priority Pass Select lounge membership and a 50% travel redemption bonus — all of which come at a $550 annual fee. The average credit applicant may not qualify for this exclusive card, so the preapproval process will come in handy if you’re hesitant about your application.
The Chase Sapphire Preferred® Card is a popular Chase card for seasoned and infrequent travelers alike. With a reasonable $95 annual fee, you’re equipped with a 25% travel redemption bonus and an incredibly high sign-up bonus that can result in many significant redemptions. If your credit history is on the shorter side, be sure to go through the preapproval process first.
Finally, the Chase Freedom Unlimited® Card is one of the best cashback cards on the market. With many opportunities to earn points on your everyday spending, you’ll earn points through the Ultimate Rewards program. By pairing this cashback card with a Chase travel card, such as the Chase Sapphire Reserve® or the Chase Sapphire Preferred® Card, you can maximize value on your daily purchase categories and take advantage of the redemption bonuses on the latter cards. Even as a $0-annual-fee cashback card, not everyone will qualify for the Chase Freedom Unlimited® — this is where the preapproval process comes in.
How Chase’s preapproval process works
To get started, you’ll need to provide the following information on the prequalification form:
- First name, middle initial and last name
- Street address, city, state and ZIP code
- Last four digits of your Social Security number
Once you submit the form, Chase will prompt you to one of two screens. Chase will either present your credit card offers, providing the options that you’re prequalified for. Otherwise, you may not prequalify for any cards at the moment.
How to boost your approval odds with Chase
Your credit card application will depend on general credit factors and Chase’s own restrictions. Here’s how you can boost your odds of approval with Chase:
Comply with Chase’s 5/24 rule
One of the qualifications for a Chase credit card is the 5/24 rule. If you’ve opened more than five new credit cards in the last 24 months, Chase will automatically deny your application. This rule is in place to prevent applicants from earning the same card bonuses after opening and closing accounts.
If you’ve opened less than this amount, you’ll make it through the application's first step. The other eligibility factors are related to your general credit history.
Have a good to excellent credit score
All three cards through Chase’s preapproval process require you to have a good or excellent credit score — a score between 670 and 800. Since your credit score is based on many factors (and it takes time to raise this number), you’ll want to make sure your credit score falls under this range prior to applying.
Avoid late payments
Credit card issuers such as Chase want to ensure that you’re a responsible cardholder. You’ll always want to make on-time payments to avoid any interest charges and negative impacts on your credit score. If you have a history of late payments, you may be denied from a Chase credit card.
Manage debt owed
Your credit includes more than just credit card balances — it includes other debts owed, which could be anything from student loans to mortgages. As long as you can manage the different types of debts you have, you’ll have a stronger shot at gaining approval for various cards.
Build credit history
If your credit history is too short, you could be denied a Chase credit card. The older your accounts, the more trustworthy you seem. New applicants who have less than a couple of years of credit history may have difficulty qualifying for top-tier credit cards, such as the Chase Sapphire Reserve®.
The preapproval process is entirely separate from the actual card application, so you’ll want to be sure to fully understand how it works first.
Does using Chase’s preapproval tool affect your credit score?
No. Chase pulls your information through a soft inquiry rather than a hard inquiry, meaning that this tool won’t affect your credit score.
Does an offer through Chase’s preapproval process guarantee that I’ll qualify later on?
No. While the preapproval process can help you gauge whether or not you’ll be accepted, nothing is guaranteed. When submitting an application, a hard inquiry will fully determine whether or not you qualify. The soft inquiry may or may not have enough information on you to be completely accurate.
While new credit card offerings can be exciting (especially from Chase), it’s important to know if you’ll qualify in the first place. While getting preapproved for a credit card isn’t foolproof, using Chase’s prequalification tool is harmless and can lower the odds of being declined for a card. No matter how confident you are in your credit card application, running through Chase’s prequalification tool first is always a good idea.