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I’m just going to say it – you will need a good credit score to be approved for the Chase Sapphire Preferred® Card. And with a new signup bonus worth at least $1000 in award travel and rules against applying for too many cards, understanding what you’ll need to do to better your chances of approval helps. Knowing the range for credit score needed for approval as well as knowing how hard is it to get the Chase Sapphire Preferred gives you a leg up. This article will try to tackle both to give you the best information.

The Chase Sapphire Preferred is one of the best travel credit cards in 2020 because of the enticing sign up bonus—80,000 Ultimate Rewards points after spending $4,000 in the first 3 months—2x points per $1 spent on dining and travel, and the ability to transfer points to many top travel partners like Hyatt and Southwest. On top of that, it’s one of the best metal credit cards, making it an excellent companion for globetrotting. 

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Chase Sapphire Preferred® Card

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  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

How Hard Is It to Get the Chase Sapphire Preferred?

The Sapphire Preferred is a valuable travel credit card and you have to have good credit to be approved. But, there are also Chase Sapphire application rules that one should also be aware of. This can make it somewhat tricky to be approved for the Sapphire Preferred or its premium sister card, the Chase Sapphire Reserve®. Don’t worry though. As long as you have a good credit score and meet Chase’s eligibility rules, it shouldn’t be hard to get approval for the Sapphire Preferred. 

Related: Chase Sapphire Reserve vs Chase Sapphire Preferred Review

Approval Factors for Chase Sapphire Preferred

There are a few factors that Chase looks at before approving the Chase Sapphire Preferred® Card. One of the most important factors is your credit score. You also need to be under Chase’s 5/24 rule. If you’ve applied for 5+ credit cards in the last 24 months, you will not be approved.

That’s why it’s important to understand the rules surrounding the Chase Sapphire Preferred first if you’re just getting started in travel rewards. It can be hard to be approved for the Sapphire Preferred, but it’s not impossible if you have a good credit score and are under Chase’s 5/24 rule. My wife and I were both instantly approved for the Sapphire Preferred when we applied. 

The Sapphire Preferred Sign-Up Bonus

The Chase Sapphire Preferred® Card comes with the ability to earn a bonus of 80,000 points after spending $4,000 in the first 3 months of account opening. This bonus is worth $1,000 in award travel. Read the full solo Chase Sapphire Preferred card review to learn more about the advantages of this bonus.

How hard is it to get the Chase Sapphire Preferred
How Hard is it to Get the Chase Sapphire Preferred?

Credit Score Factors for Chase Sapphire Preferred Approval

We’ve scoured the internet and done some research on just what credit score you need to be approved. There are three major factors that Chase will look at before approving or rejecting your application for the Chase Sapphire Preferred. While each factor plays a role in the decision process, not perfectly meeting one of the factors does not mean you’ll be automatically rejected.

The three factors looked at are credit reports, the total number of open credit cards, and credit utilization.

Related: Best Places To Get A Free Credit Score

Chase Sapphire Preferred Credit Score
Chase Sapphire Preferred Credit Score

Other Things To Consider Before Applying

Your credit report is obviously a very important factor when applying for a new credit card. This is especially true with the Chase Sapphire Preferred card. There are three major companies that assess your spending and credit card history to create a credit report. Banks do not rely on just one of those companies reports, but usually two or all three.

This rotates from time to time so there’s no way of knowing which of the credit reports will be used to evaluate your credit score when you apply for the Chase Sapphire Preferred® Card.

Total Open Credit Cards

Chase will also look at the total number of credit cards that you have open when you apply for the Chase Sapphire Preferred card. There are a few reasons that Chase might not approve your application if you have too many credit cards open. Lots of credit cards could indicate poor financial decisions, but it can also be the sign of someone who is only signing up for credit cards for the bonus points and closing them a year later. Chase looks to avoid this situation. Also, if you’ve never had a credit card or just got your first one a few months ago, Chase may deem your credit history too short to take a risk on.

Chase is also known for being strict on their rule which has become known as the 5/24 rule. If you’ve applied for more than 5 cards (easy to do when you’re building up points) in the last 24 months, you’re likely to be declined for this and any other Chase card.

If you’re looking into this card, be sure to double-check how many cards you’ve not only been approved for but how many you’ve also applied for. Also, take note of when you were approved for or applied for those cards. Chase may even deny those who’ve applied for a card in the last 90 days.

Utilization of Credit

The third factor that Chase will look at is your credit utilization. This can consist of a lot of small factors but basically means how you’re using the credit cards you have. They’ll look at factors such as:

  • How many credit cards do you have?
  • What is the credit limit on your current credit cards?
  • How much of the credit are you currently using?
  • Do you pay your monthly balance in full?
  • Do you pay on time most of the time?

It is also important that your other cards have a mid to high credit limit, which is another factor that is looked at.

This brings up an important point for those who are applying for this credit card but may also be in a transitional stage in life. If you’ve recently bought a home, car, or other large purchase and are carrying around some debt, this may not be the right time to apply for any new credit card, let alone the Chase Sapphire Preferred® Card.

This also applies if you’ve recently moved and therefore your rent will look a lot higher than your income. Maybe you moved into a nice, new neighborhood but haven’t gotten your annual raise at your company. Even this could affect your ability to be approved.

Data Points From People Applying For The Chase Sapphire Preferred

Firstly, a credit score is not the only deciding factor, so don’t panic if yours isn’t quite where you’d like it to be. The average credit score of people who were approved for the Chase Sapphire Preferred is 740, which sits squarely in the “excellent” rating category. Just because that’s the average, doesn’t mean that you must have a credit score that high. Consider this story:

“I just got approved for a 15k CL, with credit score 708 on both Tu&Ex. I got declined 6 months ago when I only had a 1-year credit history and a 2k CL on Discover. Now I have an Amex account with CL of 10k, and Chase Amazon CL 4k, absolutely no late payment for all accounts and utilization under 7%. I got approved instantly. A credit score is definitely not the single deciding factor.”

Le0n

Or, this story:

“Great sign up bonus! I was declined today with an 810 score because I opened too many cards in the last 24 months. Later I was approved for the Capital One® Venture® Rewards Credit Card. I got approved for $30K right away even though I think it’s not the best financial institution. I plan to make some travel plans so I want to take advantage of the bonus they offer.”

—AtlanticBlue

Related: Chase Sapphire Preferred vs Capital One Venture

Credit Score of 700+

If you’re thinking of applying, we suggest looking at all of the above-listed factors and how you fit into those checkpoints. Unless the rest of your report is stellar, we recommend not applying unless your credit score is 700 or above. We think you have a much better chance if your score is above 720.

If you’re not sure you want to apply now, take a look at your credit score and find ways to improve it and your spending habits. Work to build a great financial portfolio. Then, when you’ve done that, you’ll have a higher chance of approval. Just don’t forget about the 5/24 rule. 

Related: Best Credit Cards to Build Your Credit Score

Visit the Palazzo Manfredi Hotel Rome Italy with your Chase Sapphire Preferred.

How Hard Is It To Get The Chase Sapphire Preferred? If You’re Rejected, Try Again

As we mentioned above, a rejection is not the end-all, be-all decision on your Chase Sapphire Preferred® Card. If you do get the dreaded rejection letter, it will also include a phone number to contact a representative. This can be important for learning more about why you weren’t approved, but also to ask if you can be reconsidered. Just check out this story:

“Applied for the Chase Sapphire Preferred® Card with Credit Karma Trans Union score 691, Equifax 693. Received message thanks for applying, need to review application will notify by mail decision in 30 days. Called verification department, text sent to my cell with a verification code. Code verified with a customer service representative, approved for $5,000 Cl. Will receive the card in 7-10 days…”

—Phoinix

What To Do If You’re Rejected

If you do decide to call and ask to be reconsidered, there are a few things to keep in mind. Call promptly, preferably within 30 days of receiving your rejection. It’s important to get all of your financial information handy when you call in. The representative may have some questions.

One of the questions that we’ve heard some chatter about and that has stumped a few people is “Why do you want this card?” For many of you, the answer is obvious, “I want points!” But that’s not quite what Chase is looking for.

Chase wants to build loyal customers and followers, not just point grubbers. They’re less likely to approve you if you seem like someone who will get the card, spend the money for the sign-up bonus, and then cancel the card before having to pay the annual membership fee in the second year. With that in mind, review the Chase credit card benefits and find one that’s important to you. Have a few sentences in your mind as to why that benefit is important to you.

Related: Best Chase Credit Cards

Be Pleasant

We shouldn’t have to remind you of this, but as with all employees, do be nice. When you call, be sure to ask how their day is going. Be kind and try not to be demanding or highly emotional, questioning angrily about why you were rejected. That’s no way to get a second chance at approval.

Let’s Earn Points!

Once you’re approved for your Chase Sapphire Preferred card, I’m sure you’ll be wondering how best to earn and spend your Chase Ultimate Rewards. It’s simple to earn and spend points with the Chase Sapphire Preferred card, especially since you get 80,000 points after spending $4,000 in the first 3 months. 

Some of the best perks that you’ll get with the Chase Sapphire Preferred are the travel benefits, including travel insurance protections. Of course, there’s also the ability to earn points while you travel. With the Chase Sapphire Preferred Card, you can earn 2x the points on travel, which includes spending for hotel stays, airline tickets, and rental cars. Let’s also not forget about the 2x the points earned on restaurants and dining. And through March 2022, cardholders earn 5x points on Lyft rides. Plus, there are the new DoorDash DashPass benefits that are included. 

On top of all that, there are no foreign transaction fees on the Chase Sapphire Preferred. This makes it one of the best credit cards for international travel

Summary

So you’ve earned tons of points and gotten the sign-up bonus, now what to do? Spending points is almost as easy as earning points. You can get a great deal by spending your points through the Chase portal. You will get 1.25 cents per point bonus on Chase’s site. Through the portal, you can find flights that are well-priced for redeeming your points.

Plus, 80,000 Ultimate Rewards points are worth at least $800 or $1000 if you book travel through Chase’s portal. They can possibly be worth even more by transferring them out to a travel transfer partner.

Overall, the Chase Sapphire Preferred® Card is a fantastic addition to any card that you’re already carrying. It’s important to know what Chase is looking for before applying. With our tips, we hope you have a better idea of what to expect. Other posts you might want to read are our guide to the Chase 5/24 rule and our guide to the Chase Sapphire application rules

See more details on Chase’s website: Chase Sapphire Preferred® Card

Related Posts:

Geoff Whitmore
Advertisement

Chase Sapphire Preferred® Card

recommended-cart-post-image
APPLY NOW
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

20 Comments On "Chase Sapphire Preferred Credit Score: What You Need To Know"
  1. Sam|

    Any insight as to why, with a credit score of 804, 3 credit cards, a total CL of $30k (with 2% utilized), and a 16 year credit history, I was rejected?

    1. Geoff Whitmore|

      Hi Sam, have you applied for 5+ credit cards in the last 24 months?

  2. Jenna|

    Last year I was rejected from Chase for having a bankruptcy in my history. My bankruptcy is 7 years old but won’t fall off for another 3 years. I have a 720 CS, under 10% utilization with 35K CL. I never called the number to talk to a rep to reconsider and read online that Chase definitely doesn’t except anyone with bankruptcy. Is this true, do I need to wait 3 years for my credit report to drop the bankruptcy or should I just apply for another travel reward card? I know I can get a Venture card.

    1. Johnny Jet
      Johnny Jet|

      Sorry, I can’t say for sure, but I would definitely call the reconsideration line and talk to a Chase rep. I’ve used the reconsideration line many times for an approval.

  3. Paula Allec|

    I had a chapter 13 in 2010, we paid it off in 5 years. I applied with Chase last year and we denied. I then applied again this past March as was accepted. The one thing I am ticked off about is I applied on March 8th through Credit Karma with the advertisement of the 60,000 mile bonus and I received a bonus of 50,000 miles which I am trying to get corrected.

  4. drew|

    hello all i don’t know if any of my input helps but I’m low 800’s across the board with 2% utilization and 79k salary and i was approved for 17.5k i don’t have a high home payment which i believe helped i was a 580 exactly a year ago and thanks to lexlaw and good CC practices i finally got my first high limit card

    1. Johnny Jet Editorial|

      Thanks for your experience! The Sapphire Preferred is a great card, congrats.

  5. Jason|

    My wife was denied the Sapphire Preferred in November of 2018 due to a thin credit file. She opened a card with US bank and has been using for the past 8 months. Her credit score has rocketed up to excellent. Do you think she would be approved for the Preferred card now that she was waiting 8 months?

    1. Johnny Jet Editorial|

      Yes, she should be in a very good position to apply again, but there’s no way to guarantee 100%. As long as her score is over 720 I think she has a high likely hood of being approved.

  6. Jason|

    Great! Her score is 800.

  7. CC|

    Hi there.
    My CS is 820, total CL 50K (3 accounts in the past 4 years), income 280K. What I lack however, is length of credit history. I have only been working for 5 years now. I received a preapproval for Chase Sapphire Preferred and thought the annual fee of $95 was more than reasonable. And since we are planning a trip next year I thought it was the perfect timing.
    But I was only approved for 17.5K
    Any insight on why the limit was a bit low?

    1. Johnny Jet Editorial|

      Hey there, I’m not sure, but it may have to do with your other CL and other debts like house/car if any. $17k isn’t minimal though.

  8. Ryan|

    Some incorrect information on here. How many cards you’ve applied for doesn’t really matter, that may hurt your score but has nothing to do with the 5/24 rule. 5/24 ONLY applies to cards you’ve opened. Retail store cards do count so be careful wasting lines of credit in some will no interest for 6 months offer on a product you don’t need !

  9. Ryan|

    For the commenter above $10,000 is the minimum. 17 is not low. I got approved for $16,600

  10. Rachel|

    Hello,

    Any imput on my chances of being approved? 78k salary, 718 credit score but only one credit card which is a chase student credit crd that ive had for 4 months…. I had a student loan account for 3 years but I paid that off before they started collecting payments so im not sure that had the chance to help me.

    1. Johnny Jet Editorial|

      There’s no way to guarantee 100%. You’re definitely not in a bad situation, and could very well be approved. But you also may want to wait until you have at least 6 months of credit card activity.

  11. john|

    Good Morning….ave age of credit is 1 year 3 months. I have 2 credit cards, no late payments, paid in full monthly. experian 741, equifax 725, trans 734. $200K a year. Age: 55 Chances of landing chase sapphire reserved?

    1. Johnny Jet Editorial|

      There’s no way to guarantee approval, but based on the information above you should be approved. Best of luck!

  12. Manny|

    My credit scores are low 720s (755 according to Wells Fargo FICO score Version 9), one Wells Fargo credit card with $10.5K limit in which I pay off the balance monthly with 13% or so card utilization, no other debt. Have credit history dating back to 2008, including Chase cards paid off on time from 2012. Do have a car loan paid off one year ago with 3 late payments of 30 days over the 5 year term. I’m currently unemployed but previous salary was $100K. I know nothing is guaranteed but any thoughts on my chances on getting approved?

    1. Johnny Jet Editorial|

      Hi Manny, sorry, there’s no way to know 100%. Everyone’s credit profile is unique and the banks each have their own criteria. Based soley on your credit score you would be fine.

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