Chase Sapphire Reserve Average Income

A higher income can boost your approval chances especially if your credit score is on the low end of the approval spectrum.

Chase sapphire reserve average income. Information on wallethub answers is provided as is and should not be considered financial legal or investment advice. Chase sapphire reserve income chase also considers your income in the selection process. The average initial credit line for chase sapphire reserve cardholders is 22 429 but that number varies for different fico score ranges. However as is also true of both cards the average credit score of a chase sapphire preferred card cardholder is well into the good part of the credit score range coming in around 741.

In our analysis we compare the chase sapphire reserve credit card s benefits and features against other leading options like the platinum card from american express and the citi prestige card. Most people who get approved have scores. Wallethub answers is a free service that helps consumers access financial information. The chase sapphire reserve is a compelling choice for devoted travelers with excellent credit in search of a premium travel card.

Generally you d need an income of at least 50 000 though most cardholders have incomes closer to 6 digits. While chase doesn t list the minimum credit score or income required for the chase sapphire reserve anecdotal evidence suggests at the very least you ll need a credit score of 700. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select. I remember reading somewhere that the average income of a chase sapphire reserved cardmember is approximately 180 000.

This reflects the correlation between credit score and initial credit line. Chase may also look at your income to make sure it can support it particularly if your credit score is lower. As with the chase sapphire reserve cardholders of the chase sapphire preferred card have credit scores across the spectrum. With an annual fee of 550 the reserve is a luxury credit card targeted towards heavy spenders.

Find out if the chase sapphire reserve is worth the 450 annual fee. Sapphire reserve is broadening your world of benefits with the pay yourself back tool your ultimate rewards points are worth 50 more when you redeem them for statement credits against purchases in our current categories.