Chase Sapphire Preferred Credit Score: Requirements and Rewards


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Favorite Chase Sapphire is a premium dining and travel rewards card with an annual fee but a generous rewards program. What must a person’s credit score be to qualify for this attractive card? Here is an overview of the Chase Sapphire Preferred credit score and other requirements.

Is the Chase Sapphire Preferred a hard card to get?

Since requires good to excellent credit, may be difficult to obtain for those with a low credit score, insufficient income to cover current debts or credit report deficiencies, such as high credit card balances or a history of late payments. Card applicants may want to consider the following eligibility requirements before applying.

What credit score is needed for the Chase Sapphire Preferred card?

Chase doesn’t release exact numbers for its credit score requirements, but it likely requires a minimum credit score of 670 or higher for the Sapphire Preferred card – a score in the good to excellent range. But a credit score of 670 does not guarantee approval. Card issuers also consider an applicant’s credit history, employment, and income to determine eligibility.

How much income is needed for the Chase Sapphire Preferred?

Chase does not publish minimum income requirements in its prices and terms. Although Chase asks for income information in its applications, the amount of income may not matter as much as the applicant’s income. income/debt ratio.

Pursuant to Section 109 of the Credit Card Accountability and Disclosure Act of 2009, card issuers cannot endorse applicants who cannot demonstrate sufficient income to support monthly payments. This is why an applicant may be required to show proof of income through a W-2 or payslip.

Other Chase Sapphire Favorite Requirements

Those who frequently open credit cards to take advantage of the card’s generous new member bonuses should be aware of the Chase 5/24 Rule. To qualify for Sapphire Preferred, an applicant must not have been approved for five or more cards in the previous 24 months. Additionally, anyone who currently has a other Chase Sapphire card or received a new cardholder bonus for a Sapphire card within the last four years is not eligible for the Sapphire Preferred bonus.

Reasons to apply for the Chase Sapphire Preferred

Frequent flyers who qualify for the card can quickly rack up rewards, earning up to 5x points on trips – and 2x points on other trips – 3x points on restaurants, streaming services and grocery purchases in eligible lines – excluding Target and walmart — and 1x points on other purchases.

Signing up for a rewards card is tempting given the generous bonus offers and introductory pricing offered by many cards – and the Sapphire Preferred is no exception. New Sapphire Preferred cardholders can earn 60,000 rewards points, worth $750 travel purchased through Chase Ultimate Rewards — by spending $4,000 in the first three months.

However, even those who can meet the Chase Sapphire Preferred credit score and other requirements should carefully consider how much they can take advantage of the card’s travel rewards. Although the annual fee is relatively low at those who don’t have the time or the means to travel and dine out to earn enough rewards to offset the card’s annual fee will be better off with a rewards card without annual subscription.

Not approved for the Chase Sapphire Preferred?

Chase may decline a Sapphire Preferred applicant for several reasons, but time and good credit habits can help any candidate improve their chances of being approved later. Sapphire Preferred must inform an applicant of all reasons for rejection, but common reasons include:

  • Applicant has already received a Sapphire New Cardholder Bonus within the last 48 months.
  • The applicant may have too many new credit accounts.
  • The applicant’s income is insufficient to cover current debts.
  • The applicant’s credit score is not within the good or excellent credit score ranges.

What is a good credit score for a Chase credit card?

Although Hunt does not state that it uses the FICO credit score range to determine if a credit score is good, many card issuers do. A FICO credit score between 670 and 739 is considered good. Very good is 740 to 799, and anything above 799 is considered excellent. Thus, an applicant generally needs a minimum credit score of 670 to qualify for Sapphire Preferred.

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Anyone considering applying for a Chase Sapphire Preferred should compare the APRs, fees, rewards, and other benefits of multiple cards before applying to make sure the card will best meet their needs at a good rate. It can also help candidates to check their credit score first to determine which cards they are likely to qualify for.

Information is accurate as of October 25, 2022.

Editorial note: This content is not provided by any entity covered by this article. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by any entity named in this article.

Chase Sapphire Preferred credit card information has been collected by GOBankingRates and has not been reviewed or provided by this card issuer. Product details may vary. Please check the issuer’s website for up-to-date information. GOBankingRates does not receive commission for this product.

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