Experian. $200 statement credit when you spend $500 in the first 3 months, Earn 2% in Disney Reward Dollars for purchases at gas stations, grocery stores, restaurants, and most Disney locations, Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Your approval odds will be higher if you have low balances on existing accounts, no unpaid or delinquent accounts, and a solid payment history. The Southwest Rapid Rewards® Priority Card offers the most generous rewards among the trio of Southwest cards offered by Chase. For example, 50,000 points are worth $750 toward travel, Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening, Earn unlimited 1.5% cash back on every purchase made for your business, 0% introductory APR for 12 months on purchases, Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, Earn 1% cash back on all other card purchases with no limit to the amount you can earn, Earn 2X points per $1 spent on Southwest flights, $75 Southwest Airlines annual travel credit, 1.5 miles earned per $1 spent on all purchases, Free access to all United Club locations and Star Alliance affiliated lounges worldwide, Earn 10 points per $1 spent at 5,400+ hotels worldwide, Earn 2 points per $1 spent at gas stations, grocery stores, restaurants, Earn 1 point per $1 spent on all other purchases, New Offer! Fans of United Airlines may be able to obtain The United℠ Explorer Card with a credit score as low as 633, however, the average cardholder credit score is 714. This causes your score to drop. After you click on an offer you will be directed to the credit card issuer's web site where you can review the terms and conditions for your offer. They randomly select Equifax, Experian, or TransUnion to check the applicant's credit. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers. Copyright Â© 2020 Credit Glory Inc. All rights reserved. What Is the Average Credit Score in Your State? The Chase Freedom Flex℠ offers cash back rewards and special introductory rates. CardRates serves millions of users with credit card rates, reviews, and tips from a team of 50+ leading experts. CardRates.com is a free online resource that offers valuable content and comparison services to users. Your credit score is essentially a snapshot of these reports, a way for lenders to quickly and consistently consider how well you’ve handled your loans in the past., There are a number of factors that go into calculating a credit score. The minimum credit limit is $500, and the introductory APR and balance transfer offers are good. Earn 6X points per $1 spent at 6,700 Marriott Bonvoy hotels, 2X points per $1 spent on all other purchases, Free night every year after your account anniversary. If you are denied, you will get hit by a hard inquiry that will lower your score for 12 months. The card charges an annual fee but offers lucrative rewards such as introductory bonus points. She has been a licensed Personal Lines Insurance Agent since 2005. Many banks and credit card companies will give you access to your credit score as well. "Which Credit Score Is Used for Car Loans?" However, scores in the fair range, as low as 646, have been reported. Like all the Southwest cards issued by Chase, this one targets consumers with at least a fair credit score. Activate by 12/31/21. What exactly does your credit score mean, and what's a good credit score versus a bad one? Typically, a credit score of 700 or higher will put you in a good position to find favorable auto loan terms. Typically, a credit score of 700 or higher will put you in a good position to find favorable auto loan terms. While we found a reference to a cardmember’s acceptance with a score of 500 online, most cardmember comments indicate a more realistic minimum of around 645. In fact, if you own multiple credit cards, it’s not unlikely that one or more of them are from Chase. Some people don’t know Credit Score and some rules. Those borrowers that are approved will pay very high-interest rates, an average of 18% for a new car, and 18.25% for a used car., In the U.S., the three major credit reporting bureaus—Experian, Equifax, and TransUnion—keep track of your borrowing in regularly updated credit reports. Fair Isaac Corp.’s generic FICO scores are the most widely known, but auto lenders also use industry-specific FICO scores, and VantageScores. Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. Investing involves risk, including the possible loss of principal. Southwest and Chase offer three Visa cards, of which the Southwest Rapid Rewards® Premier is the middle offering. CareCredit approval largely depends on your existing credit, though there is no exact minimum score for qualification. This card is best used by those who travel with Southwest several times a year to recoup the annual fee and can take advantage of the annual travel credit. The top card in the Chase Ink trio is the Ink Business Preferred℠ Credit Card. It has a $0 annual fee and offers benefits comparable to the Chase Ink Business Unlimited℠ Card. Marriott recently consolidated its rewards programs under the Marriott Bonvoy Boundless™ banner. Along with key review factors, this compensation may impact how and where products appear across the site (including, for example, the order in which they appear). Every Player starts out with 100 credits which will be affected by your actions in the game. As such, it’s not surprising to find that its minimum credit score is in the 660 to 670 range. We’ll take a look at this topic in the following article. There are several different credit scoring systems, and even within the same system, scores can vary depending on which bureau’s credit report is used. However, we expect it to have a lower minimum requirement than the 607 found for the middle sibling, the Southwest Rapid Rewards® Premier. Losing Points. After all, being late or overdue will only hurt your credit score and your chances of better rates on future loans. Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases. Its benefits include bonus miles and travel perks, with one-way flights starting at 12,500 miles within the continental U.S. and Canada. Let's say, two people—Person A and Person Z—shopping for used cars. Business owners can also receive employee cards at no additional cost and cellphone protection against theft or damage for employees listed on the account. While the minimum score for this card is unspecified, it’s reasonable to peg it at the average score, 670, for the Southwest Rapid Rewards® Premier. Late payments will be reported and show up on your credit report. You’ll like earning double points with this card if you frequently fly on Southwest. Among the larger credit card issuers, Chase remains a blockbuster, with more than two dozen branded or co-branded cards. In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. By: Adam West. 2020 Credit Scores Needed for Chase Cards. You should always consider improving your credit score first before applying. People with good credit scores of 700–749 average an interest rate of 5.07% for a new car and 5.32% for a used car. The average cardholder score is 670, with at least one member receiving approval with a 607 score. Subprime borrowers are those people with poor credit scores of 450–649, average an interest rate of 17.08% for a new car, and 17.33% for a used car.