Chase has been a leading credit card issuer for some time and offers some of the best overall cards available. But being approved for one of these much desired cards is not always easy. Now you can increase your odds of getting approved for a Chase credit card by exploring pre-approved and pre-qualified offers.
The Best Way to Get Pre-Qualified Offers – Online via the Chase Portal
You can find out which Chase cards you are pre-qualified for online by going to their website.
Chase online pre-qualification options include the Slate, Freedom and Sapphire cards. This feature does not extend to their co-branded cards.
Chase Slate® Credit Card
- 3% foreign transaction fee
Chase Freedom Unlimited®
- % 1.5% on Dining
- % 1.5% on Gas
- % 1.5% on Travel
- % 1.5% on All Other Purchases
- $150 bonus after you spend $500 on purchases in the first 3 months
- $25 bonus when you add your first authorized user and make your first purchase within this same 3-month period
- Get $100 cash back for each friend who gets the Freedom Unlimited® card
- 3% of each transaction in U.S. dollars
Chase Freedom® Card
- % 5% cash back each quarter on up to $1,500 in combined purchases in that quarter's bonus categories
- % 1% on all other purchases
- $150 bonus after you spend $500 in the first 3 months
$25bonus after you add your first authorized user and make your first purchase within this same 3-month period
- 3% foreign transaction fee
Chase Sapphire Preferred® Card
- 2x Points on Airfare, Hotels and Dining
- 1x Points on All Other Purchases
- 50,000 bonus points after you spend $4,000 on purchases in the first 3 months
- Plus earn an additional 30,000 bonus points after you spend $30,000 on purchases within your first year of account opening
- Refer a friend and receive 10,000 points/miles if they become a cardholder
- No Foreign Transaction Fee
- % 25% bonus for points redeemed for travel through Chase Ultimate Rewards
Targeted offers can also be found online in a roundabout way. You may be able to find Chase card pre-approval opportunities by logging into portals for things like a frequent flyer or frequent stay account that is associated with one of their cards.
Pre-Approved vs Pre-Qualified: What’s the Difference?
Is there really a difference between being pre-approved and pre-qualified for a credit card? Sort of. While there are many similarities between a credit card pre-approval and a pre-qualification, they are not actually the same thing. Both a pre-approval and a pre-qualification will get you one step closer to getting the credit card you want, although neither of them is a guarantee.
A pre-qualification usually gets initiated by the consumer when they want to know what kind of credit card they will be eligible for. The lender will then do a “soft” credit check and respond with whichever offers seem appropriate based on the information provided.
A pre-approval is initiated by the bank, but basically involves the same thing. The bank will do a “soft” credit check and then extend pre-approved offers based on what they find.
Learn More About: Chase Credit Cards
Once you decide which offer you actually want to apply for, then the bank does a hard pull on your credit. If your credit profile remains the same and there is nothing negative revealed when the bank does this, you will most likely be approved for the credit card you applied for.
Can a Pre-Qualification or Pre-Approval Hurt My Credit Score?
Doing a little homework to find out which credit card offers you may be eligible for will not hurt your credit score. When banks offer pre-approved, pre-qualified, or pre-screened offers for credit cards, they only do a soft pull on your credit report. Don’t worry because this has no effect on your credit score.
Once you choose to complete an application, the bank will then do a hard inquiry. Hard inquiries will stay on your credit report for up to 24 months whether you are approved for the card or not, and generally bring your score down by five points.
Best Credit Cards for Good Credit
- The best credit cards for Good credit: April 2018
- View all of the current card offers on
Credit-Land.comby clicking Apply Now Save tons of cash and earn rewardswith your solid credit history
- Offers available for
Excellent, Good and Fair credit
Best Offers for Fair Credit
- The best credit cards for Fair credit: April 2018
- View all of the current card offers on Credit-Land.com by clicking
- Get 1% cash back on purchases, low annual fees and reasonable interest rates
- Offers available for Excellent, Good, Fair, Bad and Limited credit
Will Chase’s 5/24 Rule Affect My Ability to get New Offers?
In June of 2015, Chase implemented a new rule that states that they will not approve any applications for a new credit card if the person has opened 5 or more bank cards within the prior 24 months.
Read More: Exceptions to the Chase 5/24 Rule
This rule applies to all banks, not just Chase. So if you have opened 5 or more new lines of credit within the last 2 years, Chase will not allow you to open a new credit card account with them.
Which cards Apply To the 5/24 limit?
It is not just Chase issued cards that count towards this rule. Any new credit card accounts that have been opened in the past 2 years will count towards Chase’s rule. Unfortunately, some credit card accounts that list you as an authorized user (whether you actually use them or not) will also count towards the total.
Which Cards Don’t Count Towards the 5/24 limit?
- British Airways Visa Signature® Card
- Amazon Rewards Visa Signature Card
- Marriott Rewards® Premier Credit Card
- IHG® Rewards Club Select Credit Card
- The Hyatt Credit Card
- The Ritz-Carlton Rewards® Credit Card
- AARP® Credit Card from Chase
- Disney® Visa® Credit Card
This rule only applies to accounts that were actually opened, so being denied for a card will not count towards your 5 card limit. Some business account credit cards will also not count. It all depends on whether or not the account shows up on your credit report.
How To Get Around the 5/24 Rule and Continue Getting Chase Offers
It is fairly simple to get pre-approved for credit card offers from Chase, as long as you have the required credit rating and don’t fall within the 5/24 category. But even if you have opened 5 new bank cards in the past 24 months, there may still be hope. Many people have still been able to get a new card offer from Chase by using one of these methods.
For some reason, some people have reported that when they apply for a Chase credit card from inside the actual branch, they are in fact approved. Try going into your local branch and simply ask them specifically about offers that you qualify for. If the pre-qualification is requested and generated from within the branch itself, you may find success in both being approved and also by-passing the 5/24 rule.
If you receive an offer in the mail for a new Chase card, you may be able to get around their 5/24 rule. This is most often successful when you receive an “exclusive invitation” either in your mail box or via email. Although these are still not a guarantee, they definitely put you a step closer to getting approved and may help in getting around the 5/24 rule.
Unfortunately, there is no way to make Chase send you one of these. Poking around on their website and making a request or inquiry by phone through customer service can’t hurt though.
If you never get credit card solicitations by mail, you may have opted out in the past and forgotten about it. If you have opted out, you can choose to opt back in. If you are not sure of your status you can call 1-888-5-OPT-OUT to check.
If all else fails, you can always try the reconsideration line. They can and do make approvals after initial denials. Due to things like Chase’s 5/24 rule, good customers sometimes get denied because of automatic triggers programmed in their system. These can oftentimes be overridden or ironed out. If nothing else, you can find out why you were denied to enlighten you going forward and hopefully get you an approval later down the line.
The Bottom Line
While Chase may offer some of the best credit cards around these days, getting approved for one is not always easy. With the 5/24 rule now in place, it makes it even more difficult. But never let that initial denial be the thing that knocks you down for good. A little creativity, some homework and a lot of persistence may be all you need to still be eligible for newer, better Chase credit card offers.