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Chase Sapphire Preferred: How To Get Approved | Do This...



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what's at last flyer David here today

we're talking about what you need to

know in order to get approved for the

Chase Sapphire Preferred card in this

video I'll go over the key benefits of

the Chase Sapphire Preferred card as

well as the credit score you need to

know in other factors that will help

determine whether or not you'll get

approved for the Chase Sapphire

Preferred card so if you're serious

about getting a proof of the Chase

Sapphire Preferred card make sure you

pay attention and watch the entire video

so that you can get approved really

quickly I'll go over the benefits of

this card so you get 60,000 chase holes

and reward points after you spend $4,000

and three months and you'll see of $95

two points per dollar with dining and

travel purchases and one of my favorite

benefits of this cart is primary rental

car insurance and if you want to apply

or learn more about the Chase Sapphire

Preferred card I have a link down in

description below and by using our links

you help support the channel to keep

making great content for you now let's

talk about the credit score you'll need

in order to get approved for the chase F

I prefer card so chase doesn't publish

officially what credit score you need to

get a proof of this card but for the

most part it's gonna be above 700 credit

score ideally if your score is a seven

twenty or more you have better chances

of approval but if it's just over 700

most likely you'll get approved for this

car it's important to note just because

your credit score is above 700 doesn't

always mean you're gonna get approved

for the Chase Sapphire Preferred cards

so I'll go over some other key factors

that'll help determine whether or not

you'll get approved for this car first

let's go over length of credit history

so although the chase F I prefer card is

a great card for beginners who are

getting involved with credit cards and

travel points it may not be the best car

to start out with because you may not

have enough credit history to get a

proof for it so if you don't have any

credit cards or any credit history and

your credit score is still above 700 you

may not get approved for this card chase

like to see you have a little bit more

of established credit history before

getting approved for the Chase Sapphire

Preferred card but to be fair I've

personally seen a bunch of people who

never had a credit card before and get

the chase F I prefer card as their first

card so

I think it's best to have some credit

history you'll have better chances of

approval but if you don't you can still

be approved for the Chase Sapphire

Preferred card the next factor is

average age of credit card accounts so

along with having decent credit history

Chase wants to see that these credit

cards have been open for a long time if

chase digs into your credit report a

little deeper and sees that you've

opened multiple cars and closed them

within a year they're gonna think you're

going to do the same thing with their

cards therefore they're probably not

going to approve you one of the best

ways you can help improve your average

age of credit card accounts is to have

no annual fee credit cards and keep them

open forever so if you have a no annual

fee credit card make sure you have it

open forever there's no need to close it

even if you're not using that card just

keep it open forever the reason why is

these no annual fee cards that are open

for a long time will help your credit

history and therefore help your credit

score and therefore help your chances of

approval another factor that Chase looks

at is your credit limit used so in other

words it could be your credit

utilization with other credit cards if

you have a bunch of credit cards that

are maxed out or have high utilization

percentages chase may not approve you I

know some people say to keep your credit

utilization under 30 percent some say a

magic number like 10 percent or 7

percent

honestly the best is 0% the reason why

is because you don't want to have any

debt always pay your bills in full every

single month and that's the best

strategy to succeed with getting a bunch

of credit cards and signup bonuses for

the long term is to always make sure

you're paying your bills in full every

single month and probably the most

important factor to determine whether or

not you'll get a proof of the Chase

Sapphire Preferred card is the 5:24 rule

so you could have a 850 credit score

great credit history 20 years everything

is perfect on your credit report but if

you've opened more than 5 cards in the

past 24 months you will not get approved

for the Chase Sapphire Preferred card

there are some loopholes to get around

that 524 Oh which I've personally used

so personally I just got to prove for

the Chase Inc

on

which was actually my 50th credit card

open and so even though I am over 524

I've opened more than five cards in the

past 24 months I was able to get a proof

of the Chase income limited which has

similar application approval law rules

has the Chase Sapphire Preferred card

one method is to go to a chase branch

and see if you are pre-approved so when

you go into the chase branch you could

sit down with a branch manager and don't

apply for the Chase Sapphire Preferred

card but just ask if you are

pre-approved so what they do is a soft

pull you give them the last four of your

social as well as some other data points

and they look you up in the system if

your name or if the card that you are

pre-approved for it is in green on their

screen then you if you apply for it most

likely you'll get approved for that card

assuming all the other factors I spoke

about earlier are good of you know to

get approved then you can get approve

the Chase F I prefer a card that way

another factor that could help is

banking history with Chase so if you

have a checking account savings account

or any other relationships with Chase

that can help you get approved for the

Chase Sapphire Preferred card although

it isn't necessary so now you know the

factors let's say you apply for this

card and you get approved you can

actually call up and get the card

expedited it'll it'll show up to you

within two days just make sure you call

right away if you get an instant

approval if the application comes up as

pending or denied there are still ways

you could get approved for this card one

of the ways is to call the

reconsideration line so sometimes the

computers and algorithms they may just

put your application in pending or

denied just automatically just because

of whatever factors may be in place they

may need to verify some information so

you could just simply call up the

reconsideration line and just put a face

a human or put a human element behind

the application and you talk to a

representative and then they just need

to verify some information they may ask

you a couple of questions nothing too

serious but there are some things you

can say to help your chances of approval

I have a free pdf down in the

description below two of exam

what to say on the reconsideration line

as well as the numbers to call if you

want to get approved for the chainsaw if

I prefer card so click the link down the

description below and you'll know

exactly what to say in the number to

call and if your application is denied

you speak to the representative and

there's just no way of getting it

approved you could still apply it for

this card in a few months so just

because you are denied now it doesn't

mean you can't apply for it later on in

the future and if you feel like the

Chase Sapphire Preferred card may not be

for you and may not be the right timing

you can also get the chase freedom or

chase freedom unlimited cards so to get

these no annual fee credit cards they're

just kind of a step below Chase Sapphire

Preferred card you still get a lot of

really good benefits you can still earn

chase olds and reward points you just

can't transfer them to transfer partners

which is I think the best way to get

value out of Chase altmer award points

for the chase freedom cars there are

much lower requirements in order to get

approved so you may only need a credit

score of 650 or higher in order to get

approved for those cards so if your

credit score is below 700 then the chase

freedoms may be a better option for you

and if you want to raise your credit

score and learn how I was able to get my

credit score above 800 you could click

this link right over here and if you

want to learn the best ways to use chase

Holtz and reward points you could click

this link down here and I'll see you in

the next video