What is the minimum credit score for Chase Freedom card?

Asked by: Dr. Lucienne Kovacek V  |  Last update: February 9, 2022
Score: 4.9/5 (23 votes)

You'll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn't enough to qualify for any credit card.

Is it hard to get approved for Chase Freedom?

Chase Freedom Unlimited® is fairly hard to get, as it requires at least good credit for approval, meaning a minimum credit score of 700. ... In addition, Chase considers factors such as your existing debt, monthly housing payment amount, and number of recently opened credit accounts, among others.

What is the easiest Chase credit card to get?

The easiest Chase credit card to get is the Chase Freedom® Student credit card because applicants can get approved with limited credit. This means the odds of approval are good even for people who are new to credit, making the Chase Freedom® Student credit card much easier to get than other Chase credit cards.

What FICO score does Chase Bank use?

Which Credit Bureau Does Chase Use Most? Chase primarily uses Experian as its credit bureau, but also uses TransUnion and Equifax for certain cards in certain states.

What is the minimum credit limit for the Chase Freedom Flex?

The Chase Freedom Flex credit limit is $500 or more. Everyone who gets approved for Chase Freedom Flex is guaranteed a credit limit of at least $500, and especially creditworthy cardholders could get limits a lot higher than that.

Chase Credit Cards: Minimum Credit Score To Be Approved

23 related questions found

How do I qualify for Chase Freedom Flex?

You'll need a good to excellent credit score (a FICO score of 670 or higher) to qualify for the Freedom Flex.

Why was Chase Freedom Unlimited denied?

Chase Freedom Unlimited® applications could be denied because of a low credit score (below 700), not enough annual income, or too many recent credit inquiries. Other grounds for denial could be incomplete or inaccurate information on the application, or a pending bankruptcy on your credit report.

Is Chase Freedom Flex a good card?

Our Verdict. The Chase Freedom Flex is one of the better no-annual-fee cards available today. It offers several higher-earning cash-back categories, but its 1% cash back on all other purchases isn't anything special. The one-time bonus adds significant value to the card as well.

What is the highest credit limit for Chase Freedom?

The Chase Freedom Unlimited credit limit is $500 or more for everyone who's approved. The most creditworthy applicants can also get starting credit limits of $5,000 or higher from the Visa Signature version of the Chase Freedom Unlimited card.

What is the difference between Chase Freedom and Chase Freedom Flex?

The Chase Freedom Flex gives an additional 5% back on up to $1,500 spent in quarterly bonus categories (then 1% back) and 1% back on all regular spending. Meanwhile, the Chase Freedom Unlimited offers a flat 1.5% back on regular, non-bonus purchases.

What is the Chase 5 24 rule?

What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.

Does Chase have prequalify?

You can get pre-approved for all the Chase cards through Chase's pre-qualification application. You'll need to provide your name, address, and the last four numbers of your Social Security number. The pre-approval process is a good way to find out which Chase cards fit your qualifications.

Does Chase verify income for credit cards?

Will a credit card company verify your income? Although a credit card company could ask you to provide income verification, this almost never happens. Instead, they'll take your word for it and use your reported income.

Will applying for a credit card hurt my credit score?

Applying for a credit card and being denied can be frustrating—especially if you're worried it might impact your credit scores. ... Instead, applying may lower your credit scores—usually by just a few points, according to credit-scoring company FICO®—because applying for a credit card will trigger a hard inquiry.

Is Chase Freedom Flex a Visa or Mastercard?

Between those two older Freedom cards, you're already getting most of the benefits that the Chase Freedom Flex℠ would provide. One exception, however, is that unlike its two predecessors, the Chase Freedom Flex℠ runs on the Mastercard payment network, not Visa.

Is Chase Freedom Flex A Mastercard?

Finally, since the Chase Freedom Flex℠ is now a World Elite Mastercard, enjoy these additional benefits: Cell phone protection with up to $1,000 in yearly coverage (up to $800 per claim, with two per year) that covers theft and damage. Simply pay your cell phone bill with your Chase Freedom Flex℠ to qualify.

Can I have both Chase Freedom and Freedom Flex?

Yes, you can have both Chase Freedom Unlimited and Chase Freedom Flex. Having both the Freedom Unlimited and Freedom Flex cards can be a good idea, because their rewards programs work well together and neither card has an annual fee.

Can I lie about income on credit card application?

Lying on a credit application can be a costly mistake. Report your income, debt, employment status and housing costs correctly. Chances are, your lender won't verify these items. But it has every right to, and, if it does, you could end up paying beaucoup bucks and/or spending time in a concrete cell.

Can you lie about income for credit increase?

Easy: the higher your income, the more likely you are to get approved for more credit. ... But he and everyone else should know that when you lie on a credit application, you are committing loan application fraud, a crime that can lead to jail time and/or major fines if you're caught.

Do credit card companies know if you are unemployed?

The only way your current credit card company can know if you're unemployed is if you tell them. If you're applying for a new card, the company will know because the application form won't show a place of employment.

How do I get pre-approved Chase Freedom?

How Chase Freedom Flex Pre-approval Works:
  1. Online: Visit Chase's pre-approval tool, and enter your name, address and the last four digits of your Social Security number. ...
  2. At a local Chase branch: Chase customers can easily get pre-approved, as the bank will already have your information.

How long does it take for Chase pre-approval?

You can see any and all Chase cards you're pre-approved for in a matter of minutes. Just go to Chase's pre-approval page and enter your name, your address, and the last four digits of your Social Security Number (SSN).

How long is chase pre-approval good for?

For this reason, a mortgage preapproval typically lasts for 60 to 90 days. Once it expires, you'll need to connect with your lender again with your updated paperwork and apply for a new preapproval letter. The good news is, this typically doesn't take too much time since they have most of your information on file.

Is 7 credit cards too many?

As with almost every question about credit reports and credit scores, the answer depends on your unique credit history and the scoring system your lender is using. "Too many" credit cards for someone else might not be too many for you. There is no specific number of credit cards considered right for all consumers.

How many credit cards is enough?

To prepare, you might want to have at least three cards: two that you carry with you and one that you store in a safe place at home. This way, you should always have at least one card that you can use. Because of possibilities like these, it's a good idea to have at least two or three credit cards.