In the world of commerce, one of the best innovations was that of the credit card system. Getting a credit card allows you to make purchases on credit with a promise to pay the card issuer after an agreed period. There are several card issuing companies, and each provides unique facilities to its clients. Among the credible credit card companies is Chase. According to the company’s about page, it runs on the mantra of helping its customers make the most out of their money. It has many financial services at your disposal, such as personal banking, mortgages, business consultancy, and, most importantly, credit card facilities. One of the things that make this firm’s credit facilities one of the best is that you can prequalify for the cards. The term prequalifying might seem foreign to many who are not so familiar with the credit system.
What is The Prequalification of Credit Cards?
Filling up an application to check your credit legibility can be a daunting task, more so because you do not know whether it will be successful or not. Here is where prequalification comes through as it helps you know in advance if your application will go through or not. There is a Chase pre-qualify feature that lets you know of your legibility. According to Credit Cards.com, many confuse prequalification and preapproval. Most of the time, preapproved means that the card issuer has thoroughly perused your records, mostly your credit score. Now with an idea of what prequalification is, let us look at the various ways you can prequalify for a Chase card.
1. Using Chase’s Website
Chase has a high-quality website that is easily accessible and client-friendly. Once you visit its site, go to the prequalifications page then key in your full name, address and the last four digits of your social security number on the online form. Agree to the terms and conditions then click on ‘Find my offers.’ The action will yield some of the credit cards that you may qualify for if you apply. Also, note that Chase will perform a soft inquiry on your credit background; hence it won’t affect your credit score. This is one of the most convenient ways of checking your legibility with Chase’s credit services.
2. Using Third Party Software
There are several software that have come up to help you with the Chase pre qualify. You need to sign up to the software’s site, and when you want to perform the action, you will provide details such as names, address and social security number. It is similar to using Chase’s online platform, and it also initiates a soft pull on your credit score, meaning it will remain intact. Be keen when selecting third-party software to prequalify for Chase credit cards. Ensure that they are legitimate and won’t interfere with your records. They also need to be secure to ensure that your information is intact. One of the credible software you can bank on is CardMatch by Creditcard.com.
3. Paying a Visit to its Offices
Another way on how to prequalify for credit cards from Chase is by visiting its offices. It is a big financial services firm with over 4900 branches and is present in all states. It is one sure way to get a report of whether you qualify for a card, and if yes, which cards can you opt for. After getting your report, you can save time by making the application on the spot. By visiting this issuer’s offices, you get proper support and also advise on whatever you want to know about credit cards.
4. Getting Personalized Mails
If you have a good credit score and you have a good impression as a client, then Chase may send you personalized emails to alert you of your prequalification. It is one of the easiest ways to know of your legibility in getting a card. You may receive the notifications either through your email, your mail or even as a text message.
Benefits of the Chase Pre Qualify Feature
- You get to know about your chances of getting approval for a card. This is quite relieving and does away with the tension that comes due to speculation when applying for a credit card.
- From your prequalification report, you can know the state of your credit score. With such info, you can still look around for other credit institutions to find the best offer.
- You know which cards you qualify for should you decide to apply. It saves you a lot of time and effort when applying.
- You also get higher chances of approval as it means you have met several of the institution’s requirements.
- When you get your report, you get a hint of what to do should you not qualify for a card. Some of the measures you can pull include improving your credit score and also updating your information.
- Your credit score is not affected as the firm conducts a soft pull on your records.
- Points to note during prequalification
One thing you need to know is that when Chase prequalifies you, it does not necessarily mean that you are legible for a card. Estimations put odds of getting one at 80-90%. At least you know that you are heading in the right direction when it comes to handling your debts.
Credit cards come in handy when you are short of funds to make necessary purchases. Chase is among the credible financial institutions that offer credit card services. It features the prequalify system, which allows you know your chances of getting approval for a card. There are several ways to use this concept, such as using the issuer’s website, visiting its offices, or using third-party software. The good thing is that with either of these procedures, your credit score won’t be affected as it conducts a soft inquiry on your credit records.