Chase Sapphire Reserve Income Requirement

The chase sapphire reserve is a visa infinite product which means it comes with a lot of cardholder perks courtesy of visa but it also means a reported minimum credit limit of 10 000.

Chase sapphire reserve income requirement.

Most people who get approved have scores in excess of 750 which is considered excellent. Your chase sapphire reserve account must be open and not in default to maintain subscription benefits. The chase sapphire reserve card has a 4 000 minimum spending requirement within the first 3 months of account opening to earn the 100 000 chase ultimate rewards point sign up bonus. 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.

The chase sapphire reserve income requirements aren t publicly available but you ll need at least enough money to cover the 450 annual fee and minimum monthly payments on a 10 000 credit line. To meet the requirement you can put ordinary purchases on your card like dining expenses membership fees and health care expenses. Typically you want an income of at least somewhere in the 40 000 range. Credit score required for the chase sapphire reserve.

Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select. While it would certainly be easier if chase just gave out a magic number the truth is that income is only one factor in the application. If you re new to credit and have low limits with your other credit cards chase may not be comfortable approving you for 10 000 either. 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.

Your total credit limit. 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. 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 is a visa infinite card so the minimum credit limit is 10 000.

If your income doesn t qualify you for the high minimum credit limit you ll be unlikely to be approved.