Of the hundreds of credit card options, Chase credit cards are often highly recommended — though not always the easiest to get. Before you apply, consider filling out a Chase credit card prequalify application to get an idea of your chances. Read on to see how to get pre-approved for Chase credit cards.
Pre-approved, pre-qualified — what’s the difference?
Pre-approved and pre-qualified may seem like two ways of saying the same thing. They’re actually much different.
A Chase pre-approval for a credit card is the closest you can get to a guaranteed approval. With a Chase pre-approval, you have a very high chance of success if you apply for that Chase card.
You can even sometimes (but not always) get around Chase’s 5/24 rule with a pre-approval offer. This rule would otherwise automatically deny your application if you’ve opened five or more credit accounts within the last 24 months. To clarify, that means credit accounts from any card issuer, not just Chase.
A Chase pre-qualification isn’t as firm. When you pre-qualify for a Chase credit card, that means you have a solid chance of approval. Pre-qualifying for a card won’t get you around Chase’s 5/24 rule.
Neither fully guarantees approval on a credit card application. Your application could still be denied, especially if you don’t pass Chase’s 5/24 rule.
How can I pre-qualify for a Chase credit card?
If you’ve been searching “prequalify Chase credit card,” keep reading — this article will detail exactly how to do just that.
Pre-approval for Chase credit cards is most effectively done through Chase’s own website.
The actual process is simple. The link above will take you to the Chase credit card prequalify application. You’ll provide your first and last name, address, and the last four digits of your Social Security number. Lastly, you’ll need to check the box at the bottom to confirm you know you’re not filling out an actual credit card application. It also acknowledges the Chase credit card prequalify application won’t impact your credit.
After you submit your application, the Chase credit card prequalify process will produce a list of pre-approved Chase cards you’re likely (but not guaranteed) to qualify for.
Essentially, you can prequalify for Chase credit card options as a way to get a feel for your chances. You’ll usually need a good to excellent credit score for a Chase card. The credit card company also has a well-known 5/24 rule. If you’ve opened more than five credit accounts in the past 24 months, your application will be denied. So, your credit history, your 5/24 status, your income, and even your existing Chase accounts could all impact your approval chances.
In some cases, you may get pre-approved for a Chase credit card without any action on your part. Some consumers may receive a pre-qualified offer in the mail. You can also get a pre-approved offer if you already have a Chase bank or credit account. Check the “Just for You” section in your online account to see pre-approval offers.
Can I pre-qualify for Chase Sapphire?
You can pre-qualify for both Chase Sapphire cards through the Chase credit card prequalify link above. These are Chase’s premier travel rewards cards. As such, the Chase Sapphire cards are definitely ones to pre-qualify for before you apply. Pre-qualification is especially helpful if you’re considering the luxury Chase Sapphire Reserve®, as it’s primarily for cardholders with excellent credit. The Chase Sapphire Preferred® Card also requires excellent credit but may be slightly easier to get than its more-expensive sibling.
View more information: https://www.fool.com/the-ascent/credit-cards/chase-how-prequalify/