Description: The article below is mainly about a tutorial of how to get the Chase Sapphire Reserve card which is the most exciting new credit card of 2016, we can see some unique features of it and know the ways to get approved online.
Welcome to this tutorial of how to get the Chase Sapphire Reserve card, it’s the most exciting new credit card of 2016, it came out one month ago in August, features a three points per dollar on travel and dining airport lounge access a three hundred dollar travel credit load of other cool features for a $400 $450 annual fee.
If you use it, it brings the fee down to only one hundred and fifty dollars per year, so it is an awesome product and I’m going to tell you how to get approved for it, so I got a proof of the card three days ago and I had a credit score of 743.
I would say if your credit score is lower than that, if it’s lower than 700, don’t even bother with this card, get some other cards, maybe a platinum from Capital One, perhaps American Express, start building your credit and wait till you’re over 720 before you try applying for this one.
I was 743 on a FICO score and the hard inquiry brought me down to 740, so I’m 740 and first I got refused this card and the principle reason, so I got this letter from chase and the main reason why I was refused to look was here.
Let’s cover my name there, too many cards on your account, too many Carney accounts opened in the last two years, so Chase has this 5:24 rule, if you open more than five new credit cards in the most recent 24 months, they’re not going to let you open new cards with Chase, they’ll refuse your application.
I’d only opened four credit cards in 24 months, but what I did on my credit report were two other cards which I was a registered user on my wife’s cards, you can get a car for a registered user and those show up on your credit report and sometimes they can’t distinguish them, so if you think that you have been under the 524 rule, you get refused, definitely phone them up and clarify these are accounts.
I’m not the main user, those are additional cards from someone else’s account, your wife or your husband or someone in your family, if you’re under the port 5 24 24 4 cards in the last 24 months, you should have no problem from that point of view, so when I called up, I called up this reconsideration line.
I found this number on the internet and you won’t find this number on chases website, so I found it on some blog and I thought it was like dodgy, so I caught it up with a lot of caution, I wouldn’t I didn’t tell them my social, I told them my reference number from the letter and then listen to what they said, they knew she was able to call up all the information in the letter from their computer system.
I was talking to chase, but if you get numbers for reconsideration lines on the website, on some blog, on the internet, be careful, because there are a lot of scams out there, people wan to steal your information, so when I talked to the lady, I explained what I told you about, I only opened four cars in the last 24 months and then she asked for some additional information, she asked about my income.
It’s a premium card, you don’t need a hugely high income to get this card, my income was not over the average household income for the US, I think the average house comes up problems around household, income is around fifty thousand.
I didn’t have the income higher than that, I still got approved for the card, but one thing I will say is that I do not have any negative information in my credit history, my credit history is short, only 11 months, I got my credit card last year.
As I have 11 months of credit history with no missed payments, that’s crucial, because miss payments have quite a serious effect on your credit score, so to recap, you don’t need a huge salary, you obviously need a salary, you need to show income for this card, but you don’t need a huge salary.
As long as your credit is in the mid 7os, I would say you will definitely get it, if you don’t get approved, you haven’t got over five new accounts in last 24 months, you have a very good chance of getting it, if you call that reconsideration line, however, people are saying don’t call the reconsideration line immediately, wait until you receive a letter confirming that you’ve been denied.
They have an automatic system, if you don’t get approved straight away online, there’s an automatic system that takes you through another round of checks that may approve you, so wait until you receive that actual letter.
I did have a Chase Sapphire reserve screen on there, on the app, even before the card arrives at your house, you can go in there and set up some stuff request, your priority pass airport lounge card and go through and start checking out the features.