CHASE FREEDOM FINALY APPROVED! AND AMEX ED!! (2024)

FAQs

Does it make sense to have Amex and Chase cards? ›

Amex's card has a $695 annual fee (see rates and fees), and Chase's option is only a little cheaper at $550. That's over $1,000 a year if you get both. There's a lot of overlap. Some of the rewards and benefits overlap on the two cards, such as the travel protections, Priority Pass membership, and TSA PreCheck credits.

Chase Freedom Unlimited® is the winner over the Blue Cash Everyday® Card from American Express. While both cards offer high cash back rewards rates in a variety of bonus categories, Chase Freedom Unlimited gets the nod because it gives above-average earning rates on all purchases.

The Chase Freedom Flex® Credit Card card is hard to get because you need good to excellent credit (a credit score of 700 or higher) to have good odds of being approved. You'll also need to have a steady income and meet a few other requirements like being a U.S. citizen or permanent resident and having an SSN or ITIN.

The Chase Freedom Unlimited® card is hard to get. You need a good credit score of 700 or higher, and enough income to afford at least the minimum monthly payments on the Freedom Unlimited card to have a good chance of being approved.

Centurion® Card from American Express

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: 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.

Chase Ultimate Rewards® points are more valuable when using points to pay for purchases. You can redeem Chase Ultimate Rewards® points for at least 1 cent per point to cover card charges. Meanwhile, AmEx point redemptions top out at just 0.7 cent per point when paying with points at checkout at select retailers.

Chase doesn't publicly disclose a maximum credit limit for the Chase Freedom Unlimited card. But some customers have said that they have received limits of almost $14,000. If you want a limit that high, you'll need spotless credit, a very high income to afford the payments, and low existing debt.

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.

Using an American Express card, or Amex card, can imply a certain level of prestige and exclusivity. Amex cards often earn big rewards and, in some cases, come with ultra-high annual fees.

The minimum credit limit is $500, and some cardholders report having limits as high as $18,000. In general, though, the card is not considered a “high-limit” card because it does not guarantee a $5,000+ credit limit.

What income do I need for Chase Freedom Flex? ›

While the terms and conditions of the Chase Freedom Flex® Credit Card card do not disclose a specific minimum income requirement, the higher your income is, the more likely you are to be approved.

Begin your credit story with Chase: No prior credit history is required to qualify. Chase does not require a prior credit history to qualify for a Freedom Rise card.

If you applied online or through your mobile device, you may receive an application decision within minutes. If you didn't receive an immediate approval, the approval process may take 7 to 10 business days.

You Chase Freedom Unlimited® 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.

In most cases, it's not worth holding both The Platinum Card® from American Express and the Chase Sapphire Reserve®. The Platinum Card® from American Express has too many overlapping features with the Chase Sapphire Reserve®, making it hard to justify paying two abnormally large annual fees.

Does it make sense to have both Amex Gold and Chase Sapphire Preferred? Some travelers might want both the Amex Gold and the Chase Sapphire Preferred in their wallets. They have different transfer partners, earn bonus points on different purchases and provide statement credits at different retailers.

Because each card offers different benefits and earning power, it makes sense to carry more than one card. By using the AmEx Trifecta of cards, you'll earn maximum points on travel, dining, groceries and other purchases.

No, you cannot convert Chase points to Amex. Chase Ultimate Rewards and American Express Membership Rewards are separate programs. However, both Chase and American Express have some overlapping travel partners.