Chase Sapphire Requirements

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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MemberSince99
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Postby MemberSince99 » Fri Nov 29, 2013 8:04 am

Congratulations. You can call them today and have it expedited to you if you want to.


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ScoreOnTheRise
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Re: Chase Sapphire Requirements

Postby ScoreOnTheRise » Wed Jul 08, 2015 1:25 am

Just got a CSP with a 25K limit. Score is 705 and income is 110K.

I did have a few mortgage inquiries over the past few months and was waiting till I closed on my house before applying. I was pleasantly surprised to get approved with a 25K limit. This is now my highest limit card.
American Express PRG [NPSL]
Chase Sapphire Preferred [$25K]
American Express BCE [$20K]
Discover it [$18.5K]
Barclaycard Arrival World MC [$6K]
Citi Diamond Preferred MC [$4K]
Citi Home Depot Consumer Credit Card [$3K]
Citi Best Buy Visa [$2K]

SunnyDays
 
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Re: Chase Sapphire Requirements

Postby SunnyDays » Sat Jan 16, 2016 8:41 pm

Hey... just wondering if some of yous can give me some insight on the Chase Sapphire Preferred card. What are the FICO requirements? Annual income requirements? All that stuff. Currently have AMEX platinum & AMEX premier rewards gold (npsl), AMEX Delta Skymiles (cl $15,000), DiscoverIt (cl $5,000) NFCU flagship rewards (cl $13,000). My credit utilization is 20% and my FICO sits at 710. Looking to add to my credit portfolio. My friend recommended CSP, and another friend recently got the Citi Prestige. So I am curious if I have a shot at one of these cards, before I get a hard inquiry on my report. Any advice is appreciated!

4ktvs
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Re: Chase Sapphire Requirements

Postby 4ktvs » Sat Jan 16, 2016 11:40 pm

SunnyDays wrote:Hey... just wondering if some of yous can give me some insight on the Chase Sapphire Preferred card. What are the FICO requirements? Annual income requirements? All that stuff. Currently have AMEX platinum & AMEX premier rewards gold (npsl), AMEX Delta Skymiles (cl $15,000), DiscoverIt (cl $5,000) NFCU flagship rewards (cl $13,000). My credit utilization is 20% and my FICO sits at 710. Looking to add to my credit portfolio. My friend recommended CSP, and another friend recently got the Citi Prestige. So I am curious if I have a shot at one of these cards, before I get a hard inquiry on my report. Any advice is appreciated!


The Annual income requirement seems low as one guy got approved with a 24k income. Not that I would recommend a low income person to get this card but I think that shouldn't be an issue for most.

I would guess your odds of getting it are good unless you have opened 5 or more credit card accounts in the last 2 years. Then they can reject you based on that alone. It's nicknamed the 5/24 rule.

kdm31091
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Re: Chase Sapphire Requirements

Postby kdm31091 » Sun Jan 17, 2016 11:01 am

I thought I remembered hearing the income requirement was 25k, but I'm sure it can depend on other factors (if someone happens to have other assets etc). That said, on a 25k income, I wouldn't think a $95 AF is going to make sense. Not that it couldn't be justified whatsoever, but with that income level, someone probably cannot afford to travel or spend as much as the card requires in order to be a great value above a cash back card.

aj023
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Re: Chase Sapphire Requirements

Postby aj023 » Tue Jan 26, 2016 2:10 pm

kdm31091 wrote:I thought I remembered hearing the income requirement was 25k, but I'm sure it can depend on other factors (if someone happens to have other assets etc). That said, on a 25k income, I wouldn't think a $95 AF is going to make sense. Not that it couldn't be justified whatsoever, but with that income level, someone probably cannot afford to travel or spend as much as the card requires in order to be a great value above a cash back card.


There used to be income requirements on each tier card. Standard, Gold, Platinum, Signature or World.

Nowadays Signature and World are available anyone with a solid credit history with some banks/credit unions. I don't believe credit cards should have annual fees and I have never paid one before nor had a fee based card.

Tubpbs
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Re: Chase Sapphire Requirements

Postby Tubpbs » Tue Jan 26, 2016 5:25 pm

aj023 wrote:
kdm31091 wrote:I thought I remembered hearing the income requirement was 25k, but I'm sure it can depend on other factors (if someone happens to have other assets etc). That said, on a 25k income, I wouldn't think a $95 AF is going to make sense. Not that it couldn't be justified whatsoever, but with that income level, someone probably cannot afford to travel or spend as much as the card requires in order to be a great value above a cash back card.


There used to be income requirements on each tier card. Standard, Gold, Platinum, Signature or World.

Nowadays Signature and World are available anyone with a solid credit history with some banks/credit unions. I don't believe credit cards should have annual fees and I have never paid one before nor had a fee based card.



I think you could be selling yourself short on blindly refusing to apply for cards with an annual fee. The absolute simplest way to look at this is the Amex Blue Cash vs. the Amex Blue Cash Preferred. Very simply, if you spend more than a certain amount of money every year on groceries (at stores that code as grocery stores) then you will earn more cash back, inclusive of paying the annual fee, by getting the card with an annual fee.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It



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