Chase Sapphire Reserve Average Income

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 of 700.

Chase sapphire reserve average income.

However as is also true of both cards the average credit score of a chase sapphire preferred card cardholder is well into the good part of the credit score range coming in around 741. Generally you d need an income of at least 50 000 though most cardholders have incomes closer to 6 digits. The chase sapphire reserve is a compelling choice for devoted travelers with excellent credit in search of a premium travel card. Sapphire reserve is broadening your world of 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.

A higher income can boost your approval chances especially if your credit score is on the low end of the approval spectrum. Most people who get approved have scores. I remember reading somewhere that the average income of a chase sapphire reserved cardmember is approximately 180 000. Typically you want an income of at least somewhere in the 40 000 range.

Income needed for the chase sapphire preferred another important thing to note is that your stated income is definitely a factor that affects your chase sapphire preferred approval odds. With an annual fee of 550 the reserve is a luxury credit card targeted towards heavy spenders. The average initial credit line for chase sapphire reserve cardholders is 22 429 but that number varies for different fico score ranges. Wallethub answers is a free service that helps consumers access financial information.

This reflects the correlation between credit score and initial credit line. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select. Find out if the chase sapphire reserve is worth the 450 annual fee. Chase may also look at your income to make sure it can support it particularly if your credit score is lower.

Yet it can also be a good option for average consumers who take. In our analysis we compare the chase sapphire reserve credit card s benefits and features against other leading options like the platinum card from american express and the citi prestige card.