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It certainly has been a while since JP Morgan Chase, a staple in the credit card game, came out with a new card. The Chase Freedom Rise aims to target individuals just starting out in the world of credit. Students and young adults are the first to come to mind.
So what are the requirements for this card?
Typically, with credit cards for students and young adults, the barrier of entry is relatively low. After all, this card is meant to be an entrance into building healthy credit, not a barrier.
So to answer the question, what is the specific credit score I need? There is no specific credit score, but the credit community generally sees people open credit early on between 500 and 700.
In my opinion, if you anything above 600 and have no prior credit history, specifically bad credit history, you should be good.
Are there any other ways beside my credit score where I can increase my approval chances?
Yes. If you have a Chase bank account, even better if you have over $250 dollars in the bank, you have a higher chance of approval.
Final thoughts
The card is set to release in early 2024, which can be a pestering wait for certain students and persons who want to get right into the credit game.
To skip the wait, try signing up for the Discover IT student cash back, which has rotating 5% cash back and is great for new credit users with similar approval odds.
