Minimum Income Requirements for Chase?? *UPDATED: APPROVED*

[BearsAndTurtlesRtheBest]

@McArthur Yes it would seem illogical. Now I know. Bigger income bigger cl because they can handle it. BAM!!! Thank you. i learned today!

p.s more like they can manage it.

[mirachi]

Forgot to ask before but how sensitive is Chase to new account inquiries? I was thinking of applying for the Freedom sometime at the end of June (currently just opened 7 new accounts so most will be 6 months old by then; one will be ~8 months). Suggestions to wait a full year?

(If it helps, I do have an older Chase cc that's ~8 years old now & 2 HSBC accounts that are 3 each; AAoA is 2.5 according to Experian)

EDIT: sentence flow & added another question

[emptypockets]

I have not heard of them being Inq sensitive. I think they really consider income compared to what they see on your report for debt (debt to income ratio). If you have many lines of credit, with a low(ish) income in comparison, they may not approve. If they see anything they don't like, they seem to deny, or give lower limits. But 7 new accounts is a lot, LOL. I think you have to wait 60 days to reapply after a denial with chase, but I'm not positive. 

[Revelate]

Student underwriting criteria is somewhat different, marketing considerations .

[mirachi]

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@Revelate wrote:
Student underwriting criteria is somewhat different, marketing considerations .

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LOL I am a full time student tho? Is there any benefit to applying as a student vs regular? I thought there wasn't a student version of the card? (Although, I'm not sure if I would qualify...experience with Discover suggests I can't - applied for the Student version, instantly denied, but got an email the next day saying they were sending out my [regular] card )

(and yes, I only applied once...)

[Revelate]

There's no student card that Chase offers; just making the point that while there still has to be the ability to repay, any lender is more likely to take a chance at building a long-term relationship over someone like me as an example at 37.

CS/CSP as a student without real income isn't really feasible unless serious financial backing; Freedom is likely where you want to be anyway from Chase's perspective and likely yours as well.

[jake619]

FWIW, if you look at the Sapphire application source code there is a script that validates the income input fields - this is a snippet from the income section:

{ isremoveHousehold = true; //update the error message

if ( null != document.getElementById("errorsAnnualIncome.required")) document.getElementById("errorsAnnualIncome.required").innerHTML = "Gross Annual Income is required. Please enter.";

if ( null != document.getElementById("errorsAnnualIncome.invalidInput")) document.getElementById("errorsAnnualIncome.invalidInput").innerHTML = "Gross Annual Income must be numeric characters. Please reenter.";

if ( null != document.getElementById("errorsAnnualIncome.invalidIncome")) document.getElementById("errorsAnnualIncome.invalidIncome").innerHTML = "Gross Annual Income must be a minimum of $14,400.";

if ( null != document.getElementById("errorsAnnualIncome.invalidLength")) document.getElementById("errorsAnnualIncome.invalidLength").innerHTML = "Gross Annual Income must be less than 7 digits in length.";

if ( null != document.getElementById("sAnnualIncome")&& (document.getElementById("sAnnualIncome").title !="")) document.getElementById("sAnnualIncome").title = "Required Field. Enter Gross Annual Income in field and please do not use commas.";

Basically, Can't leave it blank, Must be numeric, Must be greater than $14,400, Must be less than $1 million and can't contain commas.  The page is generic for all Chase apps and the app URL passes codes to tell the page which card app you clicked on.  I didn't trace it out but there was bit of code that changes the wording from Gross Income to Gross Household income.  I thought that was interesting.  Maybe I'll look at it some more.

[GlocksAndCredit]

I reported 21K and was approved for 3K, Chase Freedom, highest limit yet!!

[mirachi]

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@jake619 wrote:

FWIW, if you look at the Sapphire application source code there is a script that validates the income input fields - this is a snippet from the income section:

{ isremoveHousehold = true; //update the error message

if ( null != document.getElementById("errorsAnnualIncome.required")) document.getElementById("errorsAnnualIncome.required").innerHTML = "Gross Annual Income is required. Please enter.";

if ( null != document.getElementById("errorsAnnualIncome.invalidInput")) document.getElementById("errorsAnnualIncome.invalidInput").innerHTML = "Gross Annual Income must be numeric characters. Please reenter.";

if ( null != document.getElementById("errorsAnnualIncome.invalidIncome")) document.getElementById("errorsAnnualIncome.invalidIncome").innerHTML = "Gross Annual Income must be a minimum of $14,400.";

if ( null != document.getElementById("errorsAnnualIncome.invalidLength")) document.getElementById("errorsAnnualIncome.invalidLength").innerHTML = "Gross Annual Income must be less than 7 digits in length.";

if ( null != document.getElementById("sAnnualIncome")&& (document.getElementById("sAnnualIncome").title !="")) document.getElementById("sAnnualIncome").title = "Required Field. Enter Gross Annual Income in field and please do not use commas.";

Basically, Can't leave it blank, Must be numeric, Must be greater than $14,400, Must be less than $1 million and can't contain commas.  The page is generic for all Chase apps and the app URL passes codes to tell the page which card app you clicked on.  I didn't trace it out but there was bit of code that changes the wording from Gross Income to Gross Household income.  I thought that was interesting.  Maybe I'll look at it some more.

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woah ok that reminds me of my programming class....bad memories there 

hmmm but this just means that Chase won't process/you can't submit the application if income is below $14.4K no? 

[jake619]

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@mirachi wrote:

woah ok that reminds me of my programming class....bad memories there 

hmmm but this just means that Chase won't process/you can't submit the application if income is below $14.4K no? 

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 Yea, and there are other elements that pop up text to "coach" the applicant.  What's funny is the popup coach when I entered 13000 told me "If you entered $15,000 or less, please confirm that the total amount of your income is correct and re-enter."

Yes, I think it would prevent the form from posting as the script validation would stop it.