The Chase Sapphire Reserve card may be the ideal card if you are looking for unique travel benefits, exclusive rewards and to maximize the earning of points to exchange for advantages and discounts. In addition, it is a premium model, which seeks to offer luxury experiences to its customers.
So, after analyzing more about this credit card, it is time to learn about the requirements to apply for yours!
What are the fees and interest rates of the Chase Sapphire Reserve?
The amounts and interest rates of the Chase Sapphire Reserve may change according to the bank’s policy, but there are some fees that are worth knowing before applying for yours.
Generally, the annual fee for the card is around $550, with the possibility of exemption or discount through travel credits and accumulated points. In addition, it allows you to include an additional authorized user, at a cost of $75 per additional card.
An interesting benefit is that the card has no transaction fees outside the country, making it ideal for traveling abroad. Interest rates vary depending on the period, but range from 22.24% to 29.24% in the case of late payments.
Who Can Apply for the Chase Sapphire Reserve?
As a premium card, the Chase Sapphire Reserve requires a complete credit analysis, and it is ideal that you have an excellent credit history, in addition to proving the income required to be approved.
In addition, Chase Bank has an application rule: if you have opened 5 or more credit card accounts at any bank in the last 24 months, the chances of approval for the Sapphire Reserve are lower.
In other words, it is important to have stability and not have applied for credit in the last two years, except at Chase Bank, where history can be a decisive factor. Anyone can apply for this card, but you need to pay attention to the profile analysis.
In the meantime, it is worth noting that the welcome bonus is only eligible for those who do not yet have a Sapphire card, or have not received any sign-up bonus from any card in the line in the last 48 months. However, the application rules may change depending on the region and period, and it is worth checking the bank’s official portals.
How to Apply for Your Chase Sapphire Reserve?
After analyzing this card in more detail, you can choose it for your profile and apply directly on the Chase Bank website. The application and portal are secure platforms for submitting your data and requesting a credit analysis.
The application usually takes a few days, and the bank informs you of all the steps via the email address provided. It is not necessary to be a previous Chase Bank customer, but a solid credit history will help. If you receive approval, your Sapphire Reserve card will arrive at the address provided, and you will immediately start enjoying the benefits of this line!
All information in this and other BOISLA articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
References:
https://creditcards.chase.com/
Read more about credit cards in https://boisla.com/category/credit-cards/