Chase Starter Credit Cards: Best of 2024 (2024)

FAQs

Chase Starter Credit Cards: Best of 2024? ›

Good first credit card for people who are new to credit

Chase offers one called the Freedom Rise℠ credit card. If approved for this card, you could earn 1.5% cash back on every purchase.

Good first credit card for people who are new to credit

Chase offers one called the Freedom Rise℠ credit card. If approved for this card, you could earn 1.5% cash back on every purchase.

According to the 5/24 rule, you won't be approved for a Chase credit card if you've opened five or more cards from any bank (excluding most business credit cards) in the past 24 months, even if you have an excellent credit score.

The Chase Sapphire Reserve® is loaded with luxury perks like airport lounge access, travel protections and the ability to earn transferrable travel rewards — but it also has a hefty $550 annual fee.

Why it's one of the hardest credit cards to get: Chase Sapphire Reserve® is one of the hardest credit cards to get approved for by virtue of the fact that it is one of the best rewards cards on the market. From its initial bonus of See Terms to the ...

Despite its additional categories and perks, the Chase Freedom Unlimited is still a flat-rate cash back card. Its 1.5 percent cash back, welcome offer and run-of-the-mill rates and fees make it an ideal starting point for people first getting into credit card rewards.

While there isn't a specific income requirement for a card, evaluating your access to income allows a bank to determine your credit health and whether or not they want to lend you money based on their confidence in your ability to make your payments.

Don't apply for a bunch of credit cards all at once because it will lower your credit score. Instead, choose one that really fits your needs. For example: Freedom Rise℠ is a great first credit card. It has no annual fee and lets you earn cash back while you build your credit.

The Chase Freedom Unlimited® and Chase Freedom Flex℠ are more difficult to get, as they generally require a good credit score of 670 or higher.

Chase 2/30 rule: Too many new cards in one month? Some credit card experts believe that Chase is also likely to decline new card applications if you have opened two credit cards within 30 days. This is known as the "2/30 rule." Because I had just opened two new cards, Chase was reluctant to let me open another.

How many credit cards are too many? ›

Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.

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.

The best Chase starter credit card is the Chase Freedom Rise℠ because it accepts applicants with limited credit history and reports to the three major credit bureaus on a monthly basis. The Chase Freedom Rise℠ also rewards cardholders with 1.5% cash back on all purchases, and it has a $0 annual fee.

The highest reported credit limit for Chase is $100,000, on the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®. A limit this high is naturally only available to people with excellent credit and a high income.

Most Chase credit cards are intended for consumers with good to excellent credit scores (FICO® Score of 670 or higher). A score above 700 is even better and gives you a strong chance at approval.

Although the Chase Sapphire Preferred is a good starter card for beginners to points and miles, it's probably not for people applying for their first-ever credit card.

Looking for a $0-annual fee credit card with rewarding bonus spending categories? Look no further than the Chase Freedom Flex℠, a solid Chase travel card for beginners that offers up to 5% in bonus reward categories that change every three months.