Chase Sapphire Preferred Minimum Income

If you re unsure about your eligibility but have an above 700 credit score still apply for chase sapphire preferred for a chance to earn rewards when dining and traveling.

Chase sapphire preferred minimum income. The average credit limit on this card is 10 000 and about 10 of cardholders report a credit limit that exceeds 20 000. While it would certainly be easier if chase just gave out a magic number the truth is that income is only one factor in the application. Chase sapphire preferred card. Chase sapphire preferred card calculator.

However it s an important factor that chase will consider. Accounts subject to credit approval. To start earning 2x points on travel and dining apply for the sapphire preferred the chase sapphire preferred card is one of the most popular travel reward cards on the market. There is no required minimum income for chase sapphire preferred.

You can only access the benefits available with your current credit card. Restrictions and limitations apply. The minimum credit limit for the sapphire preferred is 5 000. If you have a decent credit history a few accounts 3 to 5 years old or more a decent score somewhere close to 720 and an income of 50 000 you probably have some good odds of being approved.

The chase sapphire preferred is a great card and chase won t just approve anyone for it. But it s not so easy to get. Your chase sapphire preferred account must be open and not in default to maintain subscription benefits. If you ve been eyeing the chase sapphire reserve but your score aligns better with the chase sapphire preferred you can apply for the csp with the lower score requirement and then request a product change to the csr.

If your income is too low chase may not be comfortable extending that much credit. The stated income you list on your application plays a large role in your chase sapphire preferred card approval odds because the minimum credit limit for new cardholders is 5 000. Since the chase sapphire preferred is a visa signature card the minimum credit limit is 5 000. Sapphire preferred credit cards are issued by jpmorgan chase bank n a.

Due to this chase is not likely to extend that amount of credit to an applicant with relatively low income. Plus this will allow you to earn a higher welcome bonus of 80 000 ultimate rewards points worth 1 600 based on tpg. The chase sapphire reserve income requirements aren t publicly available but you ll need at least enough money to cover the 450 annual fee and minimum monthly payments on a 10 000 credit line. Ask sebby crunches the numbers for you to calculate the expected value of the chase sapphire preferred card.

If you re approved for this card the minimum credit limit you can receive is 5 000.