Why is it so hard to get approved for a Chase card?

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asked Sep 11, 2023 in Credit by diiselrong (800 points)
Why is it so hard to get approved for a Chase card?

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answered Sep 21, 2023 by RebeccaEdnie (8,360 points)
The reason it's so hard to get approved for a Chase card is because Chase bank wants to ensure that you can pay back the money owed on the credit card.

Most Chase credit cards require at least a 670 credit score to get approved for.

A credit score of 740 or higher bumps you into the “very good” credit range and gives you an even stronger chance at approval.

This credit score requirement is standard for most rewards credit cards.

The credit score you need for a Chase credit card is a 700 or higher credit score.

In some cases you may be approved for a Chase Credit Card with a 650 credit score but you have a higher chance of getting approved for the Chase credit card if your credit score is at least 700 or higher.

It is hard to get a credit card with Chase as you need at least a 700 credit score to be considered for a Chase Credit Card.

Chase requires at least a 700 or above credit score and a good credit history and good income to ensure you can pay back the money you spend on the credit card.

The amount of Credit that Chase will give you depends on the card and your credit.

However for most Chase cards you will get a minimum credit limit of $500.00 although some people may get $3,000.00 credit limit or even $5,000.00 credit limit if your credit score is good.

Chase Ink Business Credit Cards: $3,000.00-

Chase Freedom Flex℠: $500.00

Chase Freedom Unlimited®: $500.00

(Signature: $5,000.00)

Chase Slate Edge℠: $500.00

The easiest Chase card to get approved for is the Chase Freedom Student Credit Card.

However the Chase Freedom Student Credit Card is only available to students and you can get approved for the Chase Freedom Student Credit Card with limited credit.

To get approved for most Chase credit cards you need a minimum credit score of 700 or above and have a good credit history.

Chase will raise your credit limit every 6 months to 12 months automatically if you use the credit card responsibly and pay the balance in full and on time.

The automatic credit limit increases happen every 6 to 12 months.

Chase credit card applications take around a few minutes to complete and if doing the Chase credit card application online you should know within a few minutes if you've been approved or denied.

If applying for Chase Credit Card in person or through mail it could take up to 30 days to hear back although in most cases you'll hear back and get approved or denied within a week or less.

Credit card issuers are required by law to respond to a credit card application within 30 days but applying for a credit card online usually takes a few minutes for it to be denied or approved.

The minimum credit limit for Chase Freedom credit card is $500.00 with a maximum credit limit of up to $5,000.00 if you're approved for the Chase Freedom Visa Signature version of the credit card.

The Chase Freedom Credit Card also offers lots of opportunities to earn cash back when you use the Chase Freedom Credit Card.

You cannot apply for a Chase credit card over the phone but you can apply for a Chase credit card online or through an application at a Chase Bank.

The credit score that Chase looks at when you apply for credit cards or other loans through Chase bank are through Experian and TransUnion as well as Equifax for some cards in certain states.

Chase looks primarily at your Experian credit score though.

Chase does offer pre approval although you can still be denied a credit card approval even with pre approval for the credit card.

When you've been pre-approved for a credit card offer, this means that you've been prescreened based on specific criteria, including your credit and payment history.

You can apply for 2 Chase credit cards in a day although it's best to apply for one Chase credit card or one Credit card in a day.

Chase Freedom most likely denied you due to poor credit, not enough income or because of too many credit card application inquiries on your credit report.

Chase Freedom Credit Card requires a minimum credit score of 700 although the higher your credit score the better chance you have at getting approved for the Chase Freedom Credit Card.

Visa cards such as Visa credit cards are better than MasterCard credit cards although they both are widely accepted around the world and online.

For most people though it does not really matter whether they get a MasterCard or VISA credit card.

VISA cards have a higher market share and more transactions around the world than MasterCard.

You can get a credit card with a 700 credit score although you won't get approved for platinum rewards credit cards but most credit cards are approved for people with a 700 credit score as long as they meet the income requirements to pay it back.

A 700 credit score falls into the good range which means that you can expect low rates on credit cards and loans.

800 is a good credit score and in fact 800 is considered to be an excellent credit score.

710 to 750 is a good credit score and 800 or above is an excellent credit score.

A good credit score to buy a house and get approved for a home mortgage is a credit score of 760 or above although you can usually get a mortgage with a credit score of 620 which is the minimum credit score to buy a house.

You can buy a house with a 726 credit score as long as you meet the income requirements.

You can most often be approved for a mortgage to buy a house with a credit score of 620 which is the minimum credit score to buy a house and get approved for a mortgage.

If you have a credit score of 760 or above then you will more easily get approved for a mortgage and also pay less interest on the mortgage.

A good FICO score is in the range of 670 to 739.

A very good FICO score is between 740 to 799 and a FICO score of 800 and up are excellent FICO scores.

Credit scores of 670 to 739 are good credit scores and credit scores of 800 or above are excellent credit scores.

A good credit score is between 670 to 739 although 600 can also be considered a pretty good credit score.

A credit score of between 670 to 739 is considered to be a good credit score.

Below 680 is considered an average credit score and 300 or less is considered a bad credit score.

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

The Visa debit card does not build credit.

Although the Visa Debit card is a good way to use money from your bank account and spend it with a debit card.

The extra debit card does build your credit as you use it.

There's no credit check to get the Extra Debit card and as you use the Extra Debit Card it helps to build your credit so that you can get approved for loans, auto loans, credit cards etc.

Extra is the first debit card that builds credit and earns rewards points just like a credit card.

The Extra card is best if you want to try to rehabilitate your credit score without worrying about adding on to your debt or getting a credit check during the sign up process.

This type of credit card works similarly to a debit card in that you only have access to the money you put into it.

You can also use a secured credit card to help you build credit.

With a secured credit card you put up a deposit for the credit card balance and then the deposit becomes your credit limit.

You then use the secured credit card like a normal credit card and then pay the bills and as you pay back the credit card your credit gets built up.

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