- The available credit on your open revolving credit accounts is too low. [TransUnion, Experian , Equifax] Having credit available to you is a sign that you are able to manage your finances responsibly. Lenders usually like to see that consumers have a large amount of credit available to them.
- None of your real estate accounts show a credit amount. [TransUnion, Experian , Equifax] Lenders may be able to better evaluate your creditworthiness if there is more information about your accounts on your credit report.
- You have too many open bank credit card accounts. [TransUnion, Equifax] Having too much available credit can sometimes lower your credit score. Lenders may feel that you have the ability to spend more than you could potentially pay back. However, you should avoid closing too many accounts – especially the oldest accounts on your credit report – because it could lower your credit score.
- Your oldest revolving credit account was opened too recently. [Equifax] Time is an important factor for a healthy credit score. Giving the accounts time to mature may allow creditors to better understand how you pay your debts.
- The sum of your bank credit card account balances is too high. [TransUnion, Experian ] High credit balances may be considered by lenders to be a negative factor when determining creditworthiness. Paying down your balance may improve your score.
- None of your installment accounts show a credit amount. [Experian ] Lenders may be able to better evaluate your creditworthiness if there is more information about your accounts on your credit report.
First Year Fee Waived: 50,000 Points Transferable to Hyatt, Marriott, Priority Club, Continental and British Airways
Chase Sapphire Preferred® Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Bank
The Sapphire Preferred offers 2x points on dining and travel, and no foreign transaction fees, making this the go-to card for travelers.
This card accumulates Ultimate Rewards points, which are very valuable for transfer to United and Hyatt. Overall, this card is a great choice for maximizing earnings on dining, travel, and every day spend.
- Earn 40,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $500 in travel when you redeem through Chase Ultimate RewardsSM
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening.
- 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
- No foreign transaction fees, plus Chip and Signature enabled for international travel.
- 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Ultimate Rewards points equal 1,000 partner miles/points.
- 24/7 direct access to dedicated customer service specialists
- Introductory Annual Fee of $0 the first year, then $95