Find Out If You Pre-Qualify for a Chase Credit Card
Chase offers some of the most popular and rewarding credit cards for both personal and business use, but the approval process can be competitive. If you’re interested in applying, it’s a good idea to check if you pre-qualify before submitting your full application. This can give you an idea of your approval chances while avoiding a hard inquiry on your credit report.
Here’s how you can find out if you pre-qualify for a Chase credit card, including details on business cards and the important 5/24 rule.
What Does It Mean to Pre-Qualify?
Pre-qualification is a process where Chase checks your credit profile through a soft inquiry, which doesn’t impact your credit score. Based on this review, Chase can determine if you’re likely to be approved for certain credit cards. Keep in mind that pre-qualification doesn’t guarantee approval, but it does indicate that your chances are better than if you apply blindly.
How to Check If You Pre-Qualify for a Chase Credit Card
You can check for pre-qualified offers directly on the Chase website:
- Visit the Chase Pre-Qualify Page: Chase Pre-Qualification
- Enter Your Information: Provide your name, address, and the last four digits of your Social Security number.
- View Your Offers: Chase will show you any credit cards for which you’re pre-qualified based on your credit profile.
What is Chase’s 5/24 Rule?
Before applying for any Chase credit card, it’s important to understand Chase’s 5/24 rule. This rule states that if you’ve opened 5 or more credit cards with any issuer (not just Chase) in the past 24 months, Chase will likely deny your application.
Key Points of the 5/24 Rule:
- Applies to Personal and Business Credit Cards: Both personal and business cards count toward the 5/24 limit, even if they are from different issuers.
- Business Cards: While Chase business cards are subject to the 5/24 rule, if you are approved for a Chase business card, it won’t add to your 5/24 count (because business cards don’t usually appear on your personal credit report).
- Exceptions are Rare: There are very few exceptions to this rule, making it one of the strictest in the credit card industry.
- Stay Under 5/24: If you’re approaching the 5-card limit, consider waiting before applying for any new credit card until you’re safely under the threshold.
Popular Chase Credit Cards to Pre-Qualify For
Chase offers a range of credit cards, from travel rewards to cash back, that appeal to different types of spenders. Here are some of the top cards to consider checking for pre-qualification:
1. Chase Sapphire Preferred® Card
- Key Benefits: Earn 60,000 bonus points after spending $4,000 in the first 3 months. 2x points on dining and travel.
- Annual Fee: $95.
2. Chase Freedom Unlimited®
- Key Benefits: Earn 1.5% unlimited cash back on all purchases. 5% cash back on travel booked through Chase.
- Annual Fee: None.
3. Chase Sapphire Reserve®
- Key Benefits: Earn 60,000 bonus points after spending $4,000 in the first 3 months. 3x points on travel and dining.
- Annual Fee: $550.
Popular Chase Business Credit Cards to Pre-Qualify For
Chase’s business credit cards offer fantastic perks for small business owners, including generous sign-up bonuses, points on business spending, and travel benefits. Here are some of the best business credit cards to check for pre-qualification:
1. Ink Business Preferred® Credit Card
- Key Benefits: Earn 100,000 bonus points after spending $8,000 in the first 3 months. 3x points on the first $150,000 spent on travel and select business categories.
- Annual Fee: $95.
- Who It’s Best For: Small business owners who want robust travel rewards and business category bonuses.
2. Ink Business Cash® Credit Card
- Key Benefits: Earn $900 bonus cash back after spending $6,000 in the first 3 months. 5% cash back on the first $25,000 spent in office supply stores and internet, cable, and phone services each year.
- Annual Fee: None.
- Who It’s Best For: Business owners looking for high cash back on essential office and service expenses.
3. Ink Business Unlimited® Credit Card
- Key Benefits: Earn $900 bonus cash back after spending $6,000 in the first 3 months. Unlimited 1.5% cash back on all purchases.
- Annual Fee: None.
- Who It’s Best For: Business owners who prefer a simple, flat-rate cash back system without category tracking.
Benefits of Pre-Qualifying
- No Impact on Your Credit Score: Pre-qualification is based on a soft inquiry, which doesn’t affect your credit.
- Tailored Offers: You’ll only see cards you’re likely to be approved for, reducing the risk of an application being denied.
- Avoid Unnecessary Hard Inquiries: Applying directly without checking your pre-qualification status may lead to a hard inquiry, which can lower your credit score if you’re not approved.
What Happens If You’re Pre-Qualified?
If you’re pre-qualified, you’ll receive an offer for a specific Chase card or multiple options. From there, you can submit a full application if you choose to move forward. This step will trigger a hard inquiry on your credit report, so it’s important to be sure you want the card before applying.
Final Thoughts
Checking if you pre-qualify for a Chase credit card is a smart first step before applying, especially with Chase’s 5/24 rule in place. Whether you’re looking for a personal card for everyday spending or a business card for your company, pre-qualification can help you make an informed decision and improve your chances of approval. Head to Chase’s pre-qualification page to see what offers may be waiting for you.