Chase Sapphire Reserve


Chase Sapphire Reserve. Okay so you may be researching the Chase Sapphire Reserve card. In this video I’m gonna
give you five tips so that you know how to get to the chase sapphire reserve. But
before we get started I have a quick message. Welcome to another video! If you’re new
here my name is Duane with HowToBuildCreditTv.com and on this channel we
talk about everything you need to know about credit, credit cards and how to
make money using credit cards. So if this sounds like something which you’re
interested be sure to subscribe to our channel and click that notification bell
so you don’t miss a thing. Okay so since the chase sapphire reserve credit card
came on in 2016 there’s been a lot of buzz about this particular credit card
from Chase. And rightfully so the Chase Sapphire Reserve card has a lot of great
benefits and more importantly the chase Ultimate Rewards points are very
valuable. So I’m gonna give you five tips that will increase your chances of being
approved for the Chase Sapphire Reserve card. So be sure to watch the video all
the way to the end because each tip is super important. Okay so the first tip in
order to get the Chase Sapphire Reserve card is kind of the most important one. A
lot of people want to know what credit score do you need to have in order to
apply for the Chase Sapphire Reserve card. Well I would suggest having a
credit score of at least 680. Now this is a FICO credit score not some credit wise
credit score or the Vantage score. I guess that’s probably the same thing. I’m
talking about your FICO score it needs to be at least 680. If you have 700 as a
FICO score that’s even better. So I wanted to make sure that I addressed
right off the top that your credit score should be at least 680 or if the 700 or
above that’s actually better. So that is the first tip if you’re interested in
getting the Chase Sapphire Reserve card is to have a credit score of at least
six eighty seven hundred or higher is good. The second tip when it comes to
getting approved for the Chase Sapphire Reserve card is to make sure you check
and see if you’re pre-qualified for any credit cards from Chase. Now there’s a
couple of ways that you can do this. You can go to the chase website and kind of
fill out their information to see if you’re pre-approved or you can also get
the credit karma app the nerd wallet app. These apps are really good about
marketing to you and letting you know based on your credit score you can be
approved for this particular credit card. So that’s actually two ways that you can
find out if you’re pre-qualified or not for the Chase Sapphire Reserve card. Once again that’s going to there website and checking the website to see
if you’re pre-qualified for any cards from Chase just to kinda get your foot
in the door and also you can use Credit Karma or nerd wallet because once again those apps and the website will let you know
if you’re pre-approved for certain credit cards. And if you’re interested in
getting the Chase Sapphire reserve card then you definitely want to make sure
you use those two tools as an asset because if it lets you know that you’re
pre-approved chances are you’re going to be able to get that credit card. So
definitely want to make sure you see if you’re pre-approved to get the Chase
Sapphire reserve card that is tip number two. Okay so the third tip in order to
get approved for the Chase Sapphire reserve card is try applying for a
starter credit card with a chase. Now a starter credit card will safe would be
something like the chase freedom unlimited card or the Chase Freedom Card.
These two cards are good starter cards because with applying for that card and
being approved for it you’re kind of getting your foot in the door with Chase.
Now of course if you already have the Chase Freedom Card or the chase freedom
unlimited card then you’re probably going to be able to get the Chase
Sapphire Reserve card. So the reason why you want to see if you’re approved or
get a starter card with Chase is because you just want to get your foot in the
door you want to build a relationship with them you want to build a good
history with them you want them to know that you’re a customer that’s gonna pay
your bill on time every time. And so that’s what they’re interested in and so
if you can get a starter credit card with chase chances are you’ll be able to
eventually get to a point where you’ll be approved for the Chase Sapphire
Reserve card. So that is a third tip if you’re interested in getting the Chase
Sapphire Reserve card. Okay so the fourth tip before applying for the Chase Sapphire
Reserve card is to make sure that you’re within the 5/24 rule. So if
you’re watching the video and you have no idea what I’m talking about the five
twenty four rule is basically a rule that Chase has that if you have applied
for or have five credit cards within the last 24 months your application for any
credit cards from Chase will automatically be denied. So you
definitely want to make sure that you’re within five twenty four in other words
you don’t want to have had five credit cards that you’ve applied for and was
approved for within the last 24 months. Now this is super important so if your
just kind of getting started with the credit card game you definitely want to
make sure that you get your Chase credit cards out of the way as soon as possible.
So that would be your chase freedom if you’re starting off with Chase and then
eventually if you want to get the Chase Sapphire Preferred you can do that as
well and then the Chase Sapphire Reserve. Now I’m not saying you need to go in
that particular order but what I am saying is Chase has a slew of credit
cards that are insanely valuable and once again the chase Ultimate Rewards
points are really really high value. So you definitely want to make sure that
you get your chase cards upfront before getting other credit cards. Me myself I
got the Chase Freedom card back in April 2017 and I didn’t know anything about
the 5:24 rule. So what I ended up doing was I got that card and then I got a
whole bunch of other credit cards not with chase. So I kind of screwed myself
there where basically now I’m in the American Express ecosystem which is cool
there’s nothing wrong with that; however I can’t get any more chase cards until I
wait for 24 months. So every time I apply for an application or a credit card
that’s not with Chase I’m kind of prolonging the fact that you know now
I’m gonna have to wait 24 months in order to apply for a chase credit card.
And so the 5:24 rule is something that’s really important. If you’re in a
situation right now where you haven’t had a lot of applications you definitely
want to make sure that you apply for your chase cards upfront before you start
applying for other cards with like Citibank, American Express so on and so
forth. So you definitely want to make sure that you do that so if you didn’t
know what 5:24 rule is now you know and it’s super crucial that you get your
chase cards upfront before applying for other credit cards unless you just don’t
want a lot of cards with Chase ok. And Chase has a lot of cards that are good
and once again the chase Ultimate Rewards points are insanely valuable so
that is the fourth tip in order to get the Chase Sapphire Reserve card. Okay so the fifth tip in order to get approved for the Chase Sapphire Reserve is to
make sure that you make at least $40,000. Now $40,000 is not a lot of money and
I’m sure that somebody could probably make less than $40,000 with a really
high credit score or maybe they have a great relationship with Chase and still
get approved for the Chase Sapphire Reserve card. However I want to make sure that you have the best chances as possible of
getting approved of this card. I would hate for you to apply for the chase sapphire reserve card and get denied because well you know you don’t make enough
money or the amount of money that you make is very insignificant because
you have a lot of other debt. And you may even have a high credit score it’s
possible to get rejected for a credit card even though you have a high credit
score you may even make a lot of money but you might have a lot of debt and
sometimes these credit card companies they look at that and they will deny
your application based on just that. So I would say as far as how much you need to make I would say you need to make at least $40,000 before applying for the
Chase Sapphire Reserve card. Otherwise you know if you want to risk it and
let’s say you have a credit score of at least 740 and you might make less than
$40,000 you can probably apply for the card but you definitely want to make
sure that you exhaust all your possibilities before, in other words
you’ve got to make sure you probably have you know like the chase freedom or
the chase freedom unlimited or you have seen that you’re pre-qualified through
credit karma, NerdWallet or even the chase website that you’re
pre-qualified to get the Chase Sapphire Reserve card. So that’s it guys these
five tips right there that I just gave you are the five tips that hopefully
you’ll be able to kind of you know use and kind of gauge if you’re gonna get approved for the Chase Sapphire Reserve card before applying. I hope that that helped
if you have any questions please leave them in the comments below. I’ll do my
best to answer as soon as I see it. Thank you so much for watching the video.
Please be sure to give it a thumbs up if you liked the video it helps our channel
a lot. Also if you haven’t subscribed to the channel be sure to smash that
subscribe button and click that notification bell so you don’t miss a
thing. Once again my name is Duane with howtobuildcredit tv.com and I approve
this video. I’ll see you in the next video. Until next time take care and be
blessed. Peace!

18 comments on “Chase Sapphire Reserve”

  1. Alberto Santoyo says:

    1 st

  2. Donald C says:

    First

  3. Shawn Sortino says:

    After researching Chase card products online, I’ve read the Chase Slate card is the easiest to be approved for with a mid to high 600 credit score. Any knowledge you have to have true that may be?

  4. D. Anderson says:

    Irie! Ites✌💳😎 4/2/2020 out of 5/24 lol. I'm going all in when I apply.

  5. Give Her Credit says:

    👏👏👏

  6. Bucky Henrí says:

    Chase has a “one sapphire rule” where (you) can have either/or but not both. (You) can upgrade your Preferred to the Reserve. CSR was my first Chase card. I applied (737 fico at the time) and was not instantly approved. Got the “more info” letter a few days later. Called in, Chase made sure I was the one who really applied and bingo.

  7. dinobrown100 says:

    good review! how long did you wait to apply for your american express card since you said you kind of messed up with them in your college years?i went threw the same thing and i messed up with them as well over 10 yrs ago so i was wondering did you wait that long before applying again?

  8. Noir King says:

    Man I really like the CSR. In fact, I like and use it so much that I may just downgrade my Amex Platinum to the Gold. The $300 Travel credit to use however you want (Parking, plane tickets, uber/lyft) give it a HUGE advantage over the Amex. Plus being able to use my points from it on Amazon and other places without coming out of pocket really keeps me using it. This was my first year having it and I used the hell out of it. LOL

  9. Cesar Sandiford says:

    Duane, I see you up there with Ask Sebby and Credit Shifu as the best Credit Cards channel! You are definitely my top 3 credit channels for sure brother!!

  10. Lionel Randall says:

    I enjoy your videos very much. May I make a suggestion on your videos? Using a clip on microphone (lavaliere) would up your sound greatly. It should help reduce the hollow sound.

  11. Y. D. Smith says:

    Let me make sure I understand the 5/24 rule. This means making sure that I don't have more than 5 hard inquiries/applications on my credit report or having more than 5 credit cards that I own in 24 months?

  12. Frank Lustig says:

    My guy you can’t have the chase Reserve and the chase preferred at the same time it’s either or.

  13. James Allen says:

    You can’t no longer apply for two sapphire cards. It’s either the Preferred or the Reserve

  14. One says:

    I have 2 store cards, 2 secured cards and am an Authorized User on my brother's Chase card. My cards are 1 year old would I still pass the 5/24 rule?

  15. Albert Castro says:

    I hate that 5/24 rule if I knew ahead of time about it. I would have got more credit cards with chase first before getting other cards. The good thing is I got two cards so far. But it sucks that they put that rule into affect. But I can do the product upgrade. Because of the available amount that I have between the two credit cards. 👍🏻

  16. Rick Phillips says:

    So low income social security people will never get approved for Chase. I finally got the high scores but it does me no good. I will just keep what I have. Navy Federal credit Union has been good for me
    But other than that, I am to poor to get a real good card.

  17. Sean G says:

    I currently open and got approved for chase freedom unlimited pay it in full for 3 months than after on chase website has Just for you offers and notice the chase Sapphire and than got immediately approved for 18k limit they are very strict on approval and recommend to start with freedom and than get sapphire.

  18. Guatemalan Dude 69 says:

    Just got approved for the CSR card with a 10k limit with a 732 CS with a 38% utilization. I’m beyond excited bruh

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