Chase Sapphire Credit Score Requirements

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The Chase Sapphire Preferred card is a popular credit card from Chase Bank. This rewards card features several perks, including 60,000 bonus points when you spend $4,000 in the first 3 months and the potential to earn 75,000 bonus points per year with friend referrals.

Read: This Credit Score Mistake Could Be Costing Millions Of Americans

Although the card has an impressive offering, not everyone is eligible for approval. So, this poses the question: What are the qualification requirements for the Chase Sapphire Preferred credit card?

While Chase doesn’t provide applicants with information on the exact credit scores they need for approval, applicants in the “very good” credit range — 740 to 799 or higher — are most likely to be approved. 

What Credit Score Is Required for the ?

Credit card issuers consider an applicant’s credit score, among other factors, when deciding on approval. The Chase Sapphire Preferred credit card is no different. Applicants with “very good” or better credit scores are most likely to be approved, though there are no published score requirements. 

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FICO and VantageScore are two different credit score models lenders may use when deciding on approval. However, the FICO credit score is the popular choice by lenders, with scores ranging from 300 to 850. 

  • Poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739 
  • Very Good: 740 to 799  
  • Excellent: 800 and above 

If applicants have lower credit scores than what’s required for the Chase Sapphire credit card, they may first wish to open a secured credit card account to begin rebuilding and repairing their scores. While practicing wise financial decisions and spending, their scores should grow. Over time, these applicants may eventually qualify for the Chase Sapphire card. 

Other Factors To Consider

Although they’re important, credit scores aren’t the only elements lenders review during loan or credit approval. Other factors include:

  • Debt-to-Income Ratio. Debt-to-income ratios give lenders an idea of whether applicants have the extra money to pay toward new debt. The lower the ratio, the better the approval odds. 
  • Debt-to-Credit Ratio. Debt-to-Credit ratios show lenders what percentage of available credit applicants use. When that percentage climbs too high, it shows the applicant may not be financially stable, which could harm approval odds.
  • Age of Accounts. Consumers who have kept multiple credit accounts in good standing for an extended period have a better chance of approval. 
  • Age. Age may often lead to wisdom, and premium credit card issuers typically approve applicants at least 21 years old and with good credit history. 
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Final Take

The Chase Sapphire Preferred card may be difficult to get for some depending on credit scores and other approval factors. However, applicants who don’t qualify need not worry, as there are several ways to improve credit scores, including regularly reviewing credit reports and not missing existing debt payments.

Of course, those who qualify may wish to apply sooner than later and take advantage of this premium credit card’s benefits. 

Chase Sapphire Preferred Requirements FAQ

The Chase Sapphire Preferred credit card may be considered a highly sought-after card option that racks up meaningful rewards. Here are some answers to frequent questions:
  • What is the lowest credit limit for Chase Sapphire Preferred?
    • The Chase Sapphire Preferred credit card has a $5,000 minimum credit limit. Chase hasn't published information on the maximum credit limit for the card, but some reports suggest the credit limit could be as high as $100,000.
  • What credit score do I need for a Chase credit card?
    • Chase has not published information about the lowest credit score required for Sapphire Preferred card approval. However, some sources suggest that applicants with very good credit -- scores of 750 or higher -- have the best chances of approval.
  • Why did I get declined for Chase Sapphire Preferred?
    • There are several reasons why an applicant might not be approved for the Chase Sapphire Preferred card:
      • Low Credit Score. Approved applicants typically have very good credit scores.
      • High Debt-to-Income Ratio. A high debt-to-income ratio is a red flag for lenders.
      • High Credit Utilization Scores. Also a red flag for lenders.
      • Age. Applicants under 21 may find it challenging to get approved as they likely have insufficient credit history.

Information is accurate as of Sept. 27, 2022.

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About the Author

Joshua Rodriguez is a personal finance and investing writer with more than 10 years of experience. He is the founder of CNA Finance. His work has been featured on U.S. News & World Report, Money Talks News and several other mainstream outlets. 
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