Chase Pre-Approval (Pre-Qualify for a Credit Card + 5 Best Offers)

Chase Pre-Approval (Pre-Qualify for a Credit Card + 5 Best Offers)

credit card advice

Brittney Mayer
By: Brittney Mayer
Posted: May 21, 2017
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

In the crowded field of credit cards, the Chase family of cards stands out to many as containing some of the best rewards out there. Not only does Chase’s offering of cash back cards have solid rewards and good sign-up bonuses, but the Chase Ultimate rewards program has been lauded as one of the best for flexible travel rewards.

Unfortunately, top cards come with top qualifications, and Chase has fairly stringent credit requirements for most of its cards. If you’re unsure of your chances of being accepted for a credit card from Chase Bank, your best bet is to check for pre-qualification offers.

In the pre-approval process, credit card issuers perform a soft pull of your credit, which doesn’t register as an inquiry on your credit report (and, thus, has no impact on your credit score). While not a guarantee of approval, pre-qualification can be a good indicator of your chances.

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Apply Directly for the Card You Prefer

Maybe you’ve received a letter in the mail telling you you’re pre-approved for a specific Chase offer, which can be a pretty telling sign that you’ll be approved. Still, the fastest way to know is to apply!

The offer you received may not be your best option, though. Your credit card search will likely come down to which card best fits your particular needs. Your choices will include cash back versus points, bonus categories versus unlimited, and rewards versus zero-fee balance transfers.

Best Cash Back Offers

Designed to be the go-to card in your wallet, the Chase Freedom and the Chase Freedom Unlimited are both exceptional everyday cards. Both offer a solid signup bonus with a minimum spend easily attainable for the average cardholder.

So, how to choose? Well, if a lot of your spending falls into a few common categories, such as groceries and gas, you should consider the Freedom. The 5% category bonus can really add up over the quarter, leading to big rewards.

For those whose spending defies categorization, the flat-rate cash back of the Freedom Unlimited may be the way to go. Either way, you won’t be stuck paying an annual fee.

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Unlimited 1% cash back on all other purchases — it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.74-24.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Enjoy new 5% categories every 3 months
  • Cash Back rewards do not expire as long as your account is open
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.74% - 24.49% Variable
$0
Excellent/Good
BEST OVERALL RATING
★★★★★
5.0
OVERALL RATING
5.0/5.0
  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.74-24.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Redeem for cash — any amount, anytime
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.74% - 24.49% Variable
$0
Excellent/Good

Both the Freedom and Freedom Unlimited cards have similar requirements, so if you’re pre-approved for one, you will likely have a good chance of qualifying for the other card. That said, remember pre-qualification is not a guarantee of approval.

Best Points Offers

The Chase Sapphire Preferred card is well sought-after by many a traveler for its great signup bonus and Ultimate Rewards points. When it comes to points programs, Chase Ultimate Rewards is ranked high on the list of many a travel blogger and credit card aficionado for its high-value points and flexible options.

In fact, with the right redemption strategy, Chase Ultimate Rewards can be worth as much as 1.25 cents per point. You can get even more value when you transfer to select airline partners.

Of course, when it comes to travel cards, branded can often mean better rewards, if you’re willing to sacrifice a little flexibility. The Marriott Rewards Premier credit card has a hefty signup bonus, as well as being a great way to quickly rack up the Marriott Rewards points.

BEST OVERALL RATING
★★★★★
4.8
OVERALL RATING
4.8/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.74% - 23.74% Variable
Introductory Annual Fee of $0 the first year, then $95
Excellent Credit

Both of these cards require excellent credit to be approved, so make sure to check for pre-qualification offers to avoid a fruitless hard credit pull.

Best Balance Transfer Offer

Although rewards are sweet, sometimes what you really need out of your new credit card is, well, a better deal than your last one. Those looking to lighten their interest rate load by transferring their current credit card balance(s) should check out the Chase Slate card.

With its 0% introductory APR for 15 months, the Slate credit card is already a solid balance transfer option — but wait, there’s more (and it won’t cost you $19.95). Chase’s Slate card also is one of the few credit cards offering no-fee balance transfers. That’s right, if you transfer your current balances within the first 60 days of opening your Slate account, you won’t see that customary 3% to 5% transfer fee.

BEST OVERALL RATING
★★★★★
4.7
OVERALL RATING
4.7/5.0
  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • Chase Slate named "Best Credit Card for Balance Transfers" four years in a row by Money Magazine
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO® Score and Credit Dashboard for free
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.74% - 24.49% Variable
$0
Excellent/Good

Unfortunately, as with all good things, there is one catch on the Slate’s awesome balance transfer offer: you can’t transfer the balance of a Chase credit card onto another Chase credit card. So, if you are hoping you can pay off your Freedom card with a transfer to a Slate, think again.

Check Online for Pre-Approval on the Chase Website

If you prefer to avoid a credit inquiry and know if you’re pre-qualified before you apply, you can hop online to Chase’s website. Chase has a dedicated page for checking for pre-qualification offers, and it can be done in minutes.

Screenshot of Chase Prequalify Page

Potential applicants can check for Chase credit card pre-approval offers by filling out a simple online form.

The pre-approval form is a basic six lines, asking for your name, address, and the last four digits of your Social Security number. Once you complete the form — and acknowledge you understand it is not an actual credit card application — you will be presented with any offers for which you may qualify.

Depending on your potential credit risk, Chase may not be able to offer you any pre-approval offers. This does not necessarily mean you will be automatically rejected if you apply for a Chase credit card — but it isn’t an encouraging sign.

Head to the Bank to Find Potential Offers

Another way to find out if you’re pre-approved for a Chase credit card is to simply ask the teller at your local Chase Bank branch. With over 5,200 branches across 26 states, the chances are good you have one nearby.

If you’re already a Chase bank member, you may not actually need to ask if you have any offers. Reports indicate that tellers will often mention a pre-approval offer during an unrelated transaction in an effort to increase applications.

The main impetus for some of those who check for credit card pre-qualification offers at the bank, rather than online, is the suggestion that applicants pre-approved through the bank can circumvent the 5/24 rule. Chase is infamous for thorough implementation of its 5/24 rule, which automatically rejects applicants who have received five or more new lines of credit within a 24-month period.

Opt Out of Pre-Qualification Offers

As you will likely find out not long after you start pre-qualifying, credit card issuers have long memories. The issuer will remember you expressed an interest in its products — and it will assume you’re still interested for the foreseeable future.

If you have the intention of regularly opening new credit cards to take advantage of rewards programs, or “churning” credit cards, you may want to keep the offers coming. Issuers will often provide exclusive terms or bonuses in mail offers that you can’t find online.

Screenshot of the Opt Out Homepage

Anyone can opt out of receiving credit card pre-qualification letters online or by phone.

On the other hand, if you’re a bit tired of recycling credit card pre-approvals every week, you can choose to end it all — all the offers, that is. You can go online here to opt out of credit card pre-approval offers, or call 1-888-5-OPT-OUT.

Get on Your Way to Ultimate Rewards in No Time

If you decide to accept a pre-qualification offer, you will be asked to fill out a full credit card application. This application will result in a hard pull on your credit report, which can impact your credit score for several months. In addition, if you are offered more than one pre-qualified credit card offer from Chase, be sure you apply first to the one you want most. Some reports indicate applying for one pre-approved offer can make any additional offers disappear.

Whether you want a generous cash back card for everyday spending, the ultimate flexible travel experience with Chase Ultimate Rewards, or more Marriott Rewards than you can shake a digital stick at, Chase has something for you. The only downside is, they want you to be worthy — creditworthy.

Checking for pre-approval offers with Chase can be the best way to make sure you apply for the card for which you’ll most likely be approved. This not only can help save you from disappointment but can also help save your credit score from a futile hard credit pull. Always remember that pre-qualification doesn’t guarantee you’ll be accepted when you do apply, so consider your applications carefully.