When determining your credit card options, your credit score will come into play. A good credit score will open doors for you, while a bad credit score could eliminate certain credit cards from your list of opportunities. . A popular credit card is the Chase Freedom Flex. If you’re considering this credit card, keep reading to find out if your credit score puts you off course or not.
Chase Freedom Flex Card: What Credit Score Do You Need?
Although Chase does not explicitly state the credit score it requires for the Chase Freedom Flex credit card, you should expect to need at least a good credit score to be approved for this premium credit card. .
In general, a FICO score between 670 and 739 is considered good. But the FICO score scale goes all the way up to 850. With that, you should be aiming for a FICO score of at least 670. A lower credit score is considered fair or poor, which probably won’t be enough to help you. to open this rewards credit card. Although a FICO score of 670 may be sufficient, some say to wait until your credit score reaches 700 to have a better chance of submitting a successful application.
Is it hard to get approved for Chase Freedom Flex?
If you have the necessary credit score, it probably isn’t difficult to get approved for the Chase Freedom Flex. However, the issuer of the credit card will be the one to determine whether or not your financial qualifications are sufficient for this credit card.
What to do if your credit card application is declined?
If your Chase Freedom Flex credit card application is declined, the credit card issuer will automatically send you a document detailing the reasons for the decline. Although you can’t change the verdict on your application, you can determine what issue stands between you and the type of credit card you want.
Check your credit score before applying
When looking for a worthwhile rewards credit card, the Chase Freedom Flex card might end up at the top of your list. But before submitting your application for this card, it is a good idea to check your credit score. Otherwise, you might apply for the card with a low chance of getting approved.
Fortunately, there are plenty of free ways to check your credit score. For example, you can talk to a financial advisor or sign up for a reputable online service like Experian or Credit Sesame. If your credit score is over 700, you probably have a high enough score to pursue that credit card.
Improve your credit score
If your credit score isn’t as high as you’d like, that’s okay! It is possible to improve your credit score by making specific choices. Here are some ways to improve your credit score:
- Check your credit report for errors: It is possible that errors have crept into your credit file. In most cases, mistakes will lower your credit score. If you spot an error on your credit file, you can have it removed by contacting the credit bureau and providing details of the error.
- Make on-time payments a priority: Payment history accounts for 35% of your FICO score. If possible, limit yourself to making only one-time payments for all your credit accounts. Over time, a history of on-time payments can help improve your credit score.
- Request a credit limit increase: If you currently have a credit card account, consider asking the issuer for a higher credit limit. When you have a higher credit limit, it lowers your credit utilization rate, which can have a positive impact on your credit score.
Stay patient while you work to improve your credit score. Although a good credit score doesn’t happen overnight, you can make progress towards this worthy goal over time.
Adding the right rewards credit card to your wallet can transform your finances. When it comes to the Chase Freedom Flex, you will be able to enjoy substantial rewards without paying an annual fee. But you’ll probably need to have a credit score of at least 670 to be approved for the credit card. If your credit score is borderline, consider taking steps to improve it before submitting your application.
Information is accurate as of October 20, 2022.
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