Consumers interested in several popular Chase credit cards could reap more lucrative sign-up bonuses — in some cases twice as big as usual — by using NerdWallet’s online pre-qualification tool.
Pre-qualification is a nearly instant preliminary review of your personal and financial information to determine whether you’re likely to qualify for a card. Think of it as a “soft yes” rather than an ironclad guarantee that you’ll be approved. For approval, you’ll have to continue with a formal application — although you are not obligated to do so.
Bigger bonuses are available for three highly rated and recommended Chase credit cards. (Remember to use the pre-qualification tool first, before applying directly for these cards.)Current bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Potential pre-qualification bonus: $300, which is a sky-high bonus for a $0-fee cash back card.
This card offers 5% cash back in rotating quarterly spending categories, on up to $1,500 in spending per quarter. All other purchases earn 1% cash back. Categories in the past have included gas stations, restaurants and grocery stores. The card has an annual fee of $0.
Potential pre-qualification bonus: $300 — again, a sensational bonus on a $0-fee card.
This card offers unlimited 1.5% cash back on all purchases. It has an annual fee of $0.
Potential pre-qualification bonus: 60,000 points. That’s $750 toward travel when you redeem through Chase Ultimate Rewards® — the same value as the bonus on the top-tier Chase Sapphire Reserve®. It has an annual fee of $0 for the first year, then $95.
The card offers 2 points per dollar spent on travel and dining at restaurants and 1 point per dollar on everything else. Points are best used for travel — either through the Chase Ultimate Rewards® travel site at a rate of 1.25 cents per point or through transfer to one of Chase’s travel partner programs for potentially more value.
Pre-qualification does not hurt your credit score, but a formal application can have a minor and temporary negative impact on scores. In that way, pre-qualification is a safer way to determine if your formal application is likely to be approved.
Higher sign-up bonus offers aren’t guaranteed for everybody, even those with excellent credit. Chase does not publicly disclose what types of customers can earn higher bonuses.