The short answer is yes, you can potentially be approved for two Chase credit cards in one day. Assuming you haven't applied for other Chase cards in the past 30 days, there's nothing preventing you from getting two Chase cards in one day.
To answer your question about whether seven cards is too many, the best information I can give you comes from the FICO high achiever statistics, an analysis by the credit scoring giant into the habits and attributes of approximately 50 million U.S. consumers who score above 785. Base FICO scores range from 300 to 850.
The short answer: you should have at least two – ideally each from a different network (Visa, Mastercard, American Express, Discover, etc.) and each offering you a different kind of rewards (cash back, miles, rewards points, etc.). How many credit cards is too many?
Credit score required for Chase credit cards
Chase's cards are all intended for consumers with good to excellent credit scores, and we recommend you have a FICO® Score of 670 or higher when you apply. A score above 700 is even better and gives you a strong chance at an approval.For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.
You might assume that the Chase Sapphire Reserve — which comes with a higher annual fee and more luxury benefits — is always the better choice. It is the higher-tier card but that doesn't mean it's necessarily the better card for you.
Chase grabs headlines for its travel rewards cards, but the bank also offers good cards for small businesses, earning cash back, and making balance transfers. Nearly all Chase credit cards are Visa cards, with one Mastercard exception: the IHG Rewards Club Premier Credit Card.
Here's how to check for Chase Sapphire Reserve pre-approval:
- Go to the Chase pre-approval check page.
- Enter your name, address, and the last 4 digits of your Social Security number.
- Check the box confirming that you know this isn't an application and that you give Chase permission to look at your credit.
Chase: You can expect to receive your card within 3-5 business days, and the card issuer may expedite delivery upon request. Citi: You'll receive your card within 7-10 business days.
How to Get Approved for Your First Chase Credit Card
- Phase 1: Apply for the Chase Freedom.
- Phase 1.5: Call the backdoor number and talk to a credit analyst.
- Phase 2: Apply for the Slate card.
- Phase 3: Chase Freedom Unlimited / Chase Sapphire Preferred / Chase Sapphire Reserve / Other Chase Cards.
Here's how to apply for a Chase credit card:
- Online: You can access all Chase's credit card applications online. Once you find an offer you like, click “Apply Now.”
- Paper Application: Chase may send you a preapproved credit card offer. In that case, you can fill out the application they include and mail it back to them.
Depending on your total available credit, closing a credit card account with a high credit limit could hurt your credit score, particularly if you have high balances on other cards or loans. If you have zero balances, your credit utilization rate is zero, and won't be impacted by the loss of a balance.
Here's how to get Chase credit card pre-approval: Online. 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).
Prequalify for cards on the Chase website
Like with CardMatch, you'll be prompted to enter your name, address and the last four digits of your SSN. Checking for prequalified offers on the Chase site only triggers a soft pull to your credit.If you're approved for a new credit card, most companies say that your card will arrive within seven to 10 business days. That's just an estimate and consumers usually don't have to wait that long to get their credit cards. In many cases, you can receive your new card in the mail in five business days or less.
WalletHub's Best Credit Cards for Bad Credit of 2019:
- Capital One® Secured Mastercard® – No Annual Fee.
- Credit One Bank® Platinum Visa® for Rebuilding Credit – No Deposit.
- Discover it® Secured – Secured.
- Wells Fargo Secured Credit Card – No Annual Fee.
- Indigo® Mastercard® for Less than Perfect Credit – Bad to Fair Credit.
The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
Qualifying for the American Express Centurion Black Card
- Own an American Express credit card for at least one year.
- Spend at least $100,000 - $450,000 a year.
- Earn at least $1 million annually.
- Have a high net worth.
- Discover it® Balance Transfer - Balance Transfer.
- Chase Sapphire Reserve® - Luxury Card.
- United℠ Explorer Card - Airline Rewards.
- Hilton Honors American Express Surpass® Card - Hotel Rewards.
- Discover it® Student Cash Back - Student.
- Simmons Visa® - Low Interest.
- Capital One® Secured Mastercard® - Secured Card.
I'm a recent college graduate.
Overview: Best credit cards for young adults.
| Card | Best for: | Minimum Credit Score Required |
|---|
| Discover it® Student Cash Back | Students | Average/fair/limited (600 – 699) |
| Discover it® Secured | Cash Back—No Credit | Poor (300 – 599) |
| Capital One® Secured Mastercard® | First Credit Card—Credit Builder |
The one thing anyone with a 550 credit score should do is open a secured credit card. For that, you'll need an unsecured credit card for bad credit. Such cards aren't ideal, as they charge high rates and fees while allowing you to borrow very little. But they might be your only option.
Secured Credit Cards
- Discover it® Secured: Best for cash back.
- Citi® Secured Mastercard®: Best for building credit.
- Capital One® Secured Mastercard®: Best for no annual fee.
- OpenSky® Secured Visa® Credit Card: Best for low fees.
- Self — Credit Builder Account: Best for no hard credit pull.
Some issuers will let you access your credit card number right after approval so you can begin using it instantly.
- Alliant Credit Union.
- American Express. Recommended American Express Cards (Personal) Recommended American Express Cards (Business)
- Bank of America.
- Barclays.
- BBVA.
- Capital One.
- Chase.
- Citi.
If you've recently applied for a credit card, it may be a good idea to wait six months before trying to open another account. But how long you should wait to apply depends on your credit score.
Chase primarily uses Experian as its credit bureau, but also uses TransUnion and Equifax for certain cards in certain states.
However, your choices may be limited if you don't have at least good credit. Many credit cards require good to excellent credit to qualify. A good FICO credit score is 670 or higher, or 700 or higher on VantageScore.
The gist of the 5/24 rule is this: If you have opened 5 or more new credit cards in the past 24 months (from any issuing bank), you will not be approved for a new credit card from Chase. The number of credit cards opened in the last 24 months is a rolling count.
You can potentially be approved for two Chase credit cards the same day, and it shouldn't matter whether they're business or personal cards. Just make sure you haven't applied for any other Chase cards in the past 30 days.
All in the all, the Chase Sapphire Reserve® is likely the most difficult to obtain of the Chase credit cards, partly due to the fact that it is a Visa Infinite® product, which tends to have higher credit limits.
When it comes to getting approved for business credit cards, Chase certainly isn't the easiest issuer. In general I find American Express business cards to be easiest to be approved for. However, getting approved for Chase business cards isn't as tough as some people assume, at least if you have excellent credit.
The minimum Chase Freedom credit score is around 680. Chase does not officially disclose a specific credit score needed for approval but instead encourages people with good or excellent credit to apply.
Deciding how often you can apply is a very important question since Chase has some of the best credit card offers out there as well as some of the best customer service. A lot of people will tell you to file a new application with Chase every six months.
