Published in: Credit Cards | Jan. 21, 2019
By: Lyle Daly
Since Chase doesn't include any information on its site about what kind of credit score you'll need to qualify for one of its cards, it can be tough to gauge your chances at an approval.
You probably don't want to spend your time on a credit card application, only to get denied because your credit score wasn't good enough. We've done the research on when Chase typically approves or denies applications, so here's what you need to know before you apply.
Chase's cards are all intended for consumers with good to excellent credit scores, and we recommend you have a FICO® Score of 670 or higher when you apply. A score above 700 is even better and gives you a strong chance at an approval.
There is no hard-and-fast rule here, as there have been applicants with scores below 650 who have reported getting approved for a Chase card. You can try an application if you're in that situation, but you're probably better off building your credit first.
It's important to remember that credit card applications aren't just about your credit score. Chase will take other factors into consideration, and there are two in particular that you should know about.
Chase has a well-known guideline called the 5/24 rule that can affect your application if you've gotten multiple credit cards in the last two years.
Here's a quick explanation of how it works -- when you submit your application, Chase checks how many personal credit accounts you've opened in the past 24 months. If it's five or more, your application is automatically denied due to too many recent accounts being opened.
For the typical consumer who doesn't open many different credit cards, this won't be a concern. But if you think you may be near Chase's limit, you should double-check how many cards you've opened in that timeframe. You can also review our full guide on Chase's 5/24 rule for all the key details.
Annual income can be just as important as your credit score when you apply for a card. Chase uses your reported income in deciding whether to approve your application and in setting your credit limit.
Certain Chase cards also have minimum credit limits, and if Chase isn't willing to extend you this much credit, it will need to deny your application. These minimum credit limits are based on what type of credit card you're applying for. Chase currently offers the following types of cards:
To find out what type of card you're looking at, check the card's picture and look at the logo in the bottom right corner. Visa Traditional cards only have the word "Visa" there, while the other three types of cards include their full names in their logos.
While you can't be sure how much credit Chase will extend to you based on your income, the minimum amounts above can at least give you an idea of which cards you have a good chance of getting.
Chase is somewhat unique in that its credit requirements don't change much from card to card. With a good credit score, you could conceivably qualify for any Chase card. Just make sure that you'll also pass the 5/24 rule and that Chase could reasonably extend you sufficient credit for the card you want based on your income.
We've vetted Chase's lineup of cards and hand-picked a select few that we picked as the top offers. From cash back to travel, these offers are among the best on the market.
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