In case you've been contemplating making use of for the Chase Sapphire Reserve® (see charges and charges), now stands out as the excellent time. Chase is focusing on choose shoppers with its highest-ever welcome supply of 175,000 factors — and there’s a straightforward strategy to verify whether or not you qualify.
Chase has reintroduced a preapproval instrument that lets potential candidates reply a couple of fast questions and see if they’re eligible for a welcome supply. It really works equally to American Categorical' prequalification instrument and can solely be out there on Chase's web site for a restricted time.
Here’s what you must know.
Take a look at Chase's prequalification instrument to see when you're focused for a 175,000-point bonus (after spending $6,000 on purchases within the first three months from account opening) on the Chase Sapphire Reserve.
Overview of the Chase prequalification instrument
Chase's prequalification instrument permits clients to reply a couple of questions and obtain an inventory of playing cards for which they prequalify. It's at the moment set to be a brief characteristic on Chase's website, and we final noticed it a few yr in the past.
After answering a couple of questions, Chase performs a mushy inquiry with no impression in your credit score rating after which shows the playing cards you’re eligible for.
From there, you’ll be able to select to proceed with a full software, which can set off a tough inquiry. Not everybody will qualify for each card, however the instrument will present any options it’s possible you’ll be eligible for.
Have in mind the next:
- The instrument doesn’t show your standing underneath Chase's 5/24 rule, so you will want to know your standing earlier than making use of.
- Customary eligibility guidelines for Sapphire playing cards nonetheless apply.
- Solely choose Chase playing cards seem on this instrument.
Associated: Greatest time to use for Chase bank cards primarily based on supply historical past
What playing cards are within the instrument?
The next playing cards are at the moment included within the preapproval instrument:
- Chase Freedom Flex® (see charges and charges)
- Chase Freedom Rise®
- Chase Freedom Limitless® (see charges and charges)
- Chase Sapphire Reserve
- Chase Sapphire Most popular® Card (see charges and charges)
- Chase Slate Edge®
- Southwest Fast Rewards® Plus Credit score Card (see charges and charges)
- United℠ Explorer Card (see charges and charges)
The data for the Freedom Rise and Slate Edge has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
The preapproval instrument options an elevated welcome supply for less than the Sapphire Reserve. Eligible candidates who full the method might even see both a 125,000-point supply (which is the usual welcome bonus and consists of an identical spending necessities of $6,000 within the first three months) or the elevated 175,000-point supply. There aren’t any choices in between.
Why use the instrument?
The primary cause to make use of this instrument is to verify whether or not you qualify for the elevated Chase Sapphire Reserve supply. Different playing cards included within the instrument don’t characteristic elevated welcome gives, so candidates will see solely the usual public gives.
If you’re not within the Sapphire Reserve, the instrument nonetheless lets you verify eligibility for different Chase playing cards with out risking a tough inquiry.
Associated: Am I eligible for the Chase Sapphire Reserve's bonus?
Backside line
Earlier than making use of for a Chase card, think about using the preapproval instrument to see what you may qualify for. It helps you keep away from an pointless onerous inquiry and should unlock Chase's highest-ever supply on the Sapphire Reserve, which might be value tens of 1000’s of additional factors.
Even if you’re not pursuing the Sapphire Reserve, you’ll be able to nonetheless use the instrument to verify your eligibility for different playing cards earlier than submitting an software.
Many shoppers will discover this to be a useful addition to Chase's website, and it will be welcome if the instrument have been to develop into an ongoing characteristic.
Take a look at Chase's prequalification instrument to see when you're focused for a 175,000-point bonus on the Chase Sapphire Reserve.
Editorial disclaimer: Opinions expressed listed here are the writer’s alone, not these of any financial institution, bank card issuer, airline or lodge chain, and haven’t been reviewed, accredited or in any other case endorsed by any of those entities.
