Chase Sapphire Reserve Average Income

This reflects the correlation between credit score and initial credit line.

Chase sapphire reserve average income.

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. Chase sapphire reserve income chase also considers your income in the selection process. Generally you d need an income of at least 50 000 though most cardholders have incomes closer to 6 digits. With an annual fee of 550 the reserve is a luxury credit card targeted towards heavy spenders.

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. The average initial credit line for chase sapphire reserve cardholders is 22 429 but that number varies for different fico score ranges. 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. Typically you want an income of at least somewhere in the 40 000 range.

Find out if the chase sapphire reserve is worth the 450 annual fee. Most people who get approved have scores. Information on wallethub answers is provided as is and should not be considered financial legal or investment advice. 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.

A higher income can boost your approval chances especially if your credit score is on the low end of the approval spectrum. 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. Wallethub answers is a free service that helps consumers access financial information. As with the chase sapphire reserve cardholders of the chase sapphire preferred card have credit scores across the spectrum.

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.