Chase Sapphire Reserve Average Income

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.

Chase sapphire reserve average income.

Generally you d need an income of at least 50 000 though most cardholders have incomes closer to 6 digits. Chase sapphire reserve income chase also considers your income in the selection process. 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. 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.

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. This reflects the correlation between credit score and initial credit line. As with the chase sapphire reserve cardholders of the chase sapphire preferred card have credit scores across the spectrum. Typically you want an income of at least somewhere in the 40 000 range.

The average initial credit line for chase sapphire reserve cardholders is 22 429 but that number varies for different fico score ranges. Chase may also look at your income to make sure it can support it particularly if your credit score is lower. 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.

With an annual fee of 550 the reserve is a luxury credit card targeted towards heavy spenders. Find out if the chase sapphire reserve is worth the 450 annual fee. Yet it can also be a good option for average consumers who take. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select.

A higher income can boost your approval chances especially if your credit score is on the low end of the approval spectrum. Wallethub answers is a free service that helps consumers access financial information.