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Chase Prequalify & Preapproval Credit Cards of 2021

Chase Prequalify And Preapproval Credit Cards

credit card advice

Eric Bank
By: Eric Bank
Posted: April 22, 2021
Advertiser Disclosure

The quartet of Chase prequalify and preapproval credit cards require you to have good or excellent credit to get one. In fact, JPMorgan Chase is known for its rigorous approval standards, so any opportunity you can take to check your winning odds is valuable.

Chase can make a pre qualified offer or pre approved offer online, in the mail, and at its branches.

Prequalify & Apply | Alternatives | FAQs

How to Prequalify & Apply

You can get a pre qualified offer or pre approved offer for one or more credit cards on Chase’s website. The process takes less than a minute and requires you to input your name, address, and the last four digits of your Social Security number.

You also must check the box acknowledging that you are attempting to prequalify for a card rather than submitting a full-fledged application. This means Chase won’t do a hard credit inquiry on your credit report from a credit bureau, so your credit score will not suffer when you click the “Find My Offers” link.

Almost immediately, Chase will display a list of preapproved cards, if any. You can then click on the card(s) to submit a full application.

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
N/A
14.99% - 24.74% Variable
$0
Good/Excellent
Chase Freedom Flex℠ Review

at the issuer'ssecure website

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, and 1% on all other purchases.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
N/A
14.99% - 24.74% Variable
$0
Good/Excellent

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.7/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent

EXPERT'S RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. Through December 31, 2021, gas station & grocery store purchases will also count towards earning your Travel Credit
  • Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • 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
16.99% - 23.99% Variable
$550
Good/Excellent

If you fail to prequalify for any cards, Chase will display a short explanatory note to the effect that you may have opted out of prescreened offers or that you recently responded to another Chase offer. You can click the link to proceed to the Chase main website to see whether other Chase financial products will suit your needs.

The four cards participating in the prequalification process are two pairs of siblings: Chase Freedom and Chase Sapphire. All four cards offer point rewards that you can redeem for cash, gift cards, a statement credit, and purchases at the Chase Ultimate Reward website.

The Freedom cards charge no annual fees, whereas you’ll pay a moderate or high fee to get a Chase Sapphire card, perhaps to weed out consumers who will have trouble affording the monthly payment.

All four cards require you to have good credit to prequalify, which generally means a FICO score above 700. The general consensus is that a Freedom card is easier to get than a Sapphire card. But even if you fail to prequalify for any of the four credit cards, you can still pursue other cards designed for consumers with fair or bad credit.

Alternatives For Fair/Bad Credit

A less-than-good score should not prevent you from getting a credit card or a personal loan from a lender. The following trio of cards are useful alternatives when the Chase powers that be give you the thumbs down on a pre approved credit card.

FAIR CREDIT RATING

★★★★★
4.6

OVERALL RATING

4.0/5.0
  • Pay no annual fee
  • Be automatically considered for a higher credit line in as little as 6 months
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account, even from your smartphone, with our mobile app
  • Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
  • Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
26.99% (Variable)
$0
Average, Fair, Limited

The Capital One Platinum Credit Card is a basic, no-frills credit card, without any rewards, welcome bonuses, or 0% introductory APRs. The regular APR is well above average, but at least there is no penalty interest rate, and balance transfer transactions carry no extra fees at the transfer APR. The only two fees listed in the card’s Schumer box are for cash advances and late payments.

FAIR CREDIT RATING

★★★★★
4.6

OVERALL RATING

4.5/5.0
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Be automatically considered for a higher credit line in as little as 6 months
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
26.99% (Variable)
$39
Average, Fair, Limited

For a small annual fee, the Capital One QuicksilverOne Cash Rewards Credit Card entitles you to flat-rate, unlimited cash back rewards on all eligible purchases. In other respects, the card’s APR and fee structure matches that of its sibling no-annual-fee Platinum card. QuicksilverOne gives you access to the Eno application, where you can get virtual card numbers to protect your account when making online purchases.

Surge Mastercard® Review

at Celtic Bank'ssecure website

BAD CREDIT RATING

★★★★★
4.6

OVERALL RATING

4.1/5.0
  • Up to $1,000 credit limit doubles up to $2,000! (Simply make your first 6 monthly minimum payments on time)
  • All credit types welcome to apply!
  • Free access to your Vantage 3.0 score From Experian* (When you sign up for e-statements)
  • Initial Credit Limit of $300 – $1,000* (subject to available credit)
  • Monthly reporting to the three major credit bureaus
  • See if you’re Pre-Qualified without impacting your credit score
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
See website for Details
N/A
24.99% – 29.99% (Variable)
See website for Details
Bad, Poor Credit

The Surge Mastercard® from Celtic Bank is available to many consumers with bad credit, albeit with steep APRs and fees. Beyond the annual fee, you face a monthly maintenance fee (waived the first year) as well as fees for cash advances (not permitted during the first 95 days), foreign transactions, additional cards, and late or returned payments. The credit limit range is better than that offered by some other cards targeting the same audience.

What is the Easiest Chase Card to Be Approved For?

Except for the Chase Freedom Student Card discussed below, none of Chase’s cards are all that easy to obtain. Nevertheless, the Chase Freedom siblings are the cards featuring the easiest approval when your credit is not so hot.

Nominally limited to consumers with good to excellent scores, the Chase Freedom Unlimited® and Chase Freedom Flex℠ occasionally have pre approved credit card applicants with credit just short of good.

Of the two, the simpler Unlimited card may be a bit easier to obtain, but we don’t think the difference is significant. The Sapphire travel rewards cards definitely have tougher approval standards, and their annual fees naturally discourage consumers who find such fees an abomination.

If you happen to receive preapproval for a Sapphire card and don’t mind the fees, we think it’s definitely worthwhile to apply for either one — they are among the best travel cards available.

Chase also co-brands the Amazon Prime Store card. As with any store card, this one is fairly easy to obtain, as are the Chase co-branded airline cards.

Does Chase Do a Hard Pull For a Credit Card?

When you use the Chase website to get a prequalified offer for a credit card, you will not be charged for a hard pull from a credit bureau, thereby avoiding a dip in your credit score of five to 10 points. The same is true if you receive a preapproved credit card offer (a prescreened offer) in the mail.

Chase's Prequalify Page

Prequalifying for a card will require a soft credit pull, whereas an official application will require a hard pull.

It’s only when you officially apply to a Chase credit card offer (or card offer from any financial institution) that you will be subject to a hard pull of your credit report.

Therein lies the value of the prequalification/preapproval process: You can find out whether you have a chance of receiving approval from a financial institution without hurting your score unnecessarily. If you don’t get a prequalified offer, you know not to harm your credit history by burning a hard pull on an application for the card.

Hard inquiries lower your credit score for one year and remain on your credit report for two years. Although the damage from one hard inquiry is slight, multiple hard inquiries can mount to a hammer blow on your score.

The reasoning is that applying for several cards within a short span may indicate financial distress and therefore precipitate lower scores. A soft pull resulting from your response to a prequalified offer won’t hurt your score.

What is the 5/24 Rule?

Chase restricts you to five new cards within a 24-month period. This is the infamous Chase 5/24 Rule, and it applies to all new credit and charge cards you obtain, not just Chase ones. You may not see the rule explicitly expressed on the Chase website, but it is real and strictly enforced.

The rule exists to discourage churning — the practice of obtaining credit cards to earn introductory bonuses. Whether you are a fan or opponent of churning, know that the Chase 5/24 rule is on patrol, ready to deep-six your credit card application if you run afoul of its provisions.

Chase isn’t alone in restricting new cards, as various card-limiting rules have been implemented by Citi, Capital One, Discover, American Express, and others.

Can I Get a Chase Credit Card With No Credit?

Chase doesn’t offer a secured credit card, but you may be surprised to learn of the Chase Freedom® Student Credit Card since it seldom shows up in online articles and ads. In the absence of a Chase secured card, the student card is the only Chase card available with no credit requirement, as long as you are a student attending an eligible undergraduate school on at least a half-time basis.

Screenshot of the Chase Freedom Student Application Page

The Chase Freedom® Student credit card is a newer offering you can obtain with no credit if you attend an eligible school.

The student card from this credit card company features a reasonably low interest rate for purchases and balance transfer transactions, but a higher APR for cash advances. The grace period for avoiding interest charges is 21 days, the standard found on most other Chase cards but shorter than that offered by several competitors. This means you have fewer days to make at least the minimum payment before incurring interest and late fees.

On the plus side, there are no fees for going over the credit limit or having a check returned. You earn 1% cash back on all purchases and can earn a signup bonus by spending the required amount on purchases during the first three months after opening the account.

Other benefits include an annual good-standing reward for up to five years, credit limit increases, free credit scores via Chase Credit Journey, $0 liability protection, purchase and extended warranty protection, instant card lock and unlock, and trip cancellation insurance.

Does Chase Approve Instantly?

This credit card company typically gives you an instant approval decision, but in some cases, it will take longer to receive the verdict. According to Chase, “We usually send you a written response to your credit card application within 7 to 10 business days, but in some cases, it may take us up to 30 days.”

If you like, you can send a secure email about your application status via the Customer Service page, but we can’t guarantee you’ll get a personalized answer. If all else fails, you can call 1 (800) 432-3117 to speak to a human.

Remember, Prequalifying Does Not Guarantee Approval

Keep in mind that the Chase prequalify and preapproval credit cards do not guarantee approval even if you are preapproved. It’s only by submitting an actual application that you’ll find out whether you pass muster.

JPMorgan Chase credit cards own 16.6% of the U.S. market, making it the country’s biggest consumer and business credit card issuer. With so many fans, it’s easy to see why this credit card issuer can afford to enforce high credit standards for credit card applicants. The online prequalification service that Chase offers can help you see whether you’re in the running for application approval.

CardRates.com can help you evaluate which credit cards to consider and link you to the application page to expedite the process.

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation from many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across the site (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.