Chase Sapphire Reserve Approval Rate

Is it worth 550 annually.

Chase sapphire reserve approval rate.

Reports indicate that some chase sapphire reserve cardholders receive initial credit limits between 30 000 and 60 000 but rumors persist of limits as high as half a million dollars. In general it seems that getting approved for the chase sapphire reserve requires both excellent credit and coming in under the 5 24 rule s limits. If anything the former condition may vary some cardholders did report being approved with sub 750 scores after all but the latter condition has very little flexibility. Since the sapphire reserve only offers 1x points on regular purchases you could use the chase freedom unlimited to earn at least 1 5x points on any purchases that fall outside of the sapphire.

Chase sapphire reserve review. Sapphire reserve is broadening your world of benefits. Your chase sapphire reserve account must be open and not in default to maintain subscription benefits. With the pay yourself back tool your ultimate rewards points are worth 50 more when you redeem them for statement credits against purchases in our current categories.

Earn up to 120 in doordash statement credits through 12 31 2021. Earn up to 120 in statement credits on qualifying doordash purchases through 12 31 2021 that s 60 in statement credits through 12 31 2020 and another 60 in statement. The chase sapphire reserve has slightly stricter approval requirements than its little brother the chase sapphire preferred card reports suggest that you ll typically need a score of at least 720 to get approved for the card though the average score is a bit higher. Credit score needed for chase sapphire reserve.

I applied for the chase saphire reserve yesterday and it said that it needed more time to be reviewed. It gives far more rewards than current favorites like the chase sapphire preferred card or the capital one venture rewards credit card. We don t recommend anyone start applying for the best travel credit cards until their credit score is 700 or more. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select.

The only catch is the card s 550 annual fee. By way of comparison the chase sapphire reserve has a minimum credit limit of 5 000 and only 10 of cardholders have credit limits exceeding 20 000. Credit cards mortgages commercial banking auto loans investing retirement planning checking and business banking. While chase doesn t list the minimum credit score or income required for the chase sapphire reserve anecdotal evidence suggests at the very least you ll need a credit score.