Step-by-Step Guide to Chase Pre-Approval

If you’re looking to understand how the process works to get pre-approved for a Chase credit card, you’re in the right place.

In this article, we’ll provide a simple, straightforward guide to help you understand how to increase your chances of getting approved.

Check Your Eligibility

Before anything else, it’s important to check if you’re eligible to apply for a Chase card. Each bank has its own requirements, but in general, for pre-approval, you should have a good credit history.

Chase looks for credit scores above 650, although the higher your score, the easier the approval process will be. Additionally, your income level and debt-to-income ratio also play a role in the approval.

Request Pre-Approval

You can request pre-approval directly on Chase’s website or through marketing invitations they may send you.

The initial request doesn’t require a full credit check, meaning it won’t impact your credit score. Chase uses a “soft inquiry” to simply check if you meet the basic requirements.

Fill Out Your Personal Information

When requesting pre-approval, you’ll need to provide some personal information, like your name, address, financial situation (income), and other details that will help Chase evaluate your ability to repay.

This can include your current employment, financial history, and in some cases, a tax identification number.

Understand the Credit Assessment

Based on the information you provide, Chase will conduct a credit assessment and use their internal criteria to determine if you qualify for a credit card.

This process can take just a few minutes. It’s important to note that pre-approval doesn’t guarantee final approval, but it is a good indication that you have a chance of being approved based on the initial criteria.

Receive Your Response

After the initial review, you’ll receive a response regarding your pre-approval status. If approved, you can complete the application for the credit card and undergo a final review.

If not approved, you’ll be informed of the reason and can take the necessary steps to improve your situation before trying again.

Complete the Process

If you’re approved, the final step is to complete the application, where the bank may ask for more information or documents to confirm your qualifications. After that, your card will be sent, and you can start using it.