Is Chase Sapphire Preferred Hard to Get? (2024)

FAQs

Is Chase Sapphire Preferred Hard to Get? ›

Yes, the Chase Sapphire Preferred® Card is hard to get. Unless you have a good to excellent credit score of 700 or higher and a lot of income, you are unlikely to get approved for Chase Sapphire Preferred.

The Chase Sapphire Preferred® Card isn't a credit card for everyone — you'll need to have good to excellent credit to have a chance at getting approved. We recommend having a FICO score of at least 690 before applying for this card.

The Chase Sapphire Preferred Card requires an annual income of at least $30,000, according to user reports. Chase doesn't publicly disclose the Sapphire Preferred Card's income requirements, but you can apply for the card if you meet the credit score requirement, are at least 18 years old, and have an SSN or ITIN.

Your card approval odds are good if you have a credit score of 700+, which is considered good credit. Approval odds for the Chase Sapphire Preferred card will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN or ITIN, as well.

The Chase Sapphire Preferred® Card charges a $95 annual fee. While that's lower than some premium travel cards, including the higher-end Chase Sapphire Reserve®, you'll still want to consider whether you would leverage enough of the card's benefits to make the annual fee worth it.

Unless you have a good to excellent credit score of 700 or higher and a lot of income, you are unlikely to get approved for Chase Sapphire Preferred. To get Chase Sapphire Preferred, you will have to meet the credit score requirement, have a steady income, and be at least 18 years old.

Here's the average credit limit of members who matched their Chase Sapphire Preferred® Card or similar cards. The average credit limit for members who have matched with this card or similar cards is $15,209, with $5,000 being the most common.

The Chase Sapphire Preferred Card is so popular because it offers high-value bonus rewards for travel and dining, and has numerous transfer partners. You could earn roughly $2,000 in net rewards from the Chase Sapphire Preferred card in two years.

But if you're looking for a fail-safe starting point, you can't go wrong with the Sapphire Preferred card. Welcome Bonus Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.

It's worth getting the Chase Sapphire Preferred Card if you'll spend $4,000 in the first 3 months after opening an account, as you'll qualify for the card's generous 60,000-point initial bonus. WalletHub's credit card reviews are independent and not provided, commissioned, or endorsed by any issuer.

What is the hardest Chase card to get? ›

Chase Sapphire Reserve®

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: Chase Sapphire Reserve® is one of the hardest credit cards to get approved for by virtue of the fact that it is one of the best rewards cards on the market.

Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.

In most cases, your application could be denied due to having a lower credit score or not having enough income. Call the Chase reconsideration line.

Domestic carriers include Delta, American Airlines, United, Alaska Airlines, Hawaiian Airlines, and JetBlue. International carriers include KLM, Lufthansa, Finnair, British Airways, Air Canada, Emirates, Qantas, Korean Air, Virgin, and Cathay Pacific, among others.

You won't purchase travel or dining on the card: Although there are benefits you can get from the Chase Sapphire Preferred® Card that are unrelated to travel, such as 3 points per dollar spent on online grocery purchases and select streaming purchases, the card is generally most valuable to cardholders who take ...

The Chase Sapphire Preferred® Card is a great option for frequent travelers looking for a high-value card, but applicants should have good-to-excellent credit scores if they're considering applying. A score of 700 or higher is recommended.

In most cases, your application could be denied due to having a lower credit score or not having enough income. Call the Chase reconsideration line.

Yes, the Chase Sapphire Preferred® Card does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.

It can take as little as 60 seconds to get approved for Chase Sapphire Preferred. If you don't get instantly approved, it usually takes 7-10 business days to receive a decision on your application. In some cases, however, it can take Chase up to 30 days to make a ruling.