What Credit Bureau Does Southwest Premier Card Use for Approval? (2024)

FAQs

What Credit Bureau Does Southwest Premier Card Use for Approval? ›

The Southwest Premier Card mainly uses Experian to check your credit when you apply, though Chase may use TransUnion or Equifax instead, according to anecdotal evidence. So, if any of your credit reports are frozen, you should unfreeze them before applying for the card.

Credit Sense pulls your credit profile from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model developed collaboratively by the three major credit bureaus: Equifax, Experian, and TransUnion.

In order to get one of the Southwest Rapid Rewards® credit cards, you'll probably need at least a FICO® score of 670.

The Southwest Rapid Rewards Credit Card is brought to you by Southwest Airlines^® and Chase.

Which credit bureau the bank uses the most often depends on which state you live in. Based on anecdotal information, Chase generally uses credit data from Experian. However, Chase may opt to review your Equifax or TransUnion credit reports instead depending on which state you live in.

Understand what you need

The PREMIER Credit Card could be a good option to help you build¹ credit if you have: Annual income of at least $10,000. A credit score² of 500 or higher.

The hard inquiry allows First Premier Bank to determine your credit risk and ultimately decide whether you'll be approved for an account. First Premier Bank credit cards require at least bad credit to be approved.

The Southwest Premier Card mainly uses Experian to check your credit when you apply, though Chase may use TransUnion or Equifax instead, according to anecdotal evidence. So, if any of your credit reports are frozen, you should unfreeze them before applying for the card.

It is hard to get a Southwest credit card because you must have at least good credit to qualify. If you don't have a credit score of 700+ credit score and a lot of income compared to your debts, it will be difficult for you to get approved for a Southwest credit card.

You need a credit score of 700 or higher to get a Southwest Airlines credit card, as a minimum of good credit is required for approval. If your credit score is below the threshold, it's best to wait and apply after you meet the credit score requirement. You can check your credit score for free, right here on WalletHub.

What is the starting limit for Southwest credit card? ›

What is the credit limit for the Southwest Rapid Rewards® Plus Credit Card? The minimum starting credit limit for the Southwest Rapid Rewards® Plus Credit Card is $2,000, but some cardholders have gotten limits of $25,000 or more.

Southwest Rapid Rewards^® Credit Cards. Earn points to use toward your Southwest flights for personal and business needs with a Southwest Rapid Rewards^® Credit Card from Chase.

Yes, the Southwest Rapid Rewards® Priority Credit Card does a hard inquiry on your credit report when you apply. A hard inquiry usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.

Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scoring models, however, there is a clear winner: FICO® Score is used in roughly 90% of lending decisions.

American Express uses all three major credit bureaus: TransUnion, Equifax, and Experian. One or more credit bureaus may be used when evaluating an American Express credit card application. Credit reports, however, don't differ that much from bureau to bureau.

Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. 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.

Experian is the most commonly used source that Citi will draw a report from, but there's no guarantee that they won't decide to pull a different or additional report from another reporting agency. If you're not certain your score is good enough to be approved, you can work on improving your credit.

Bank of America primarily uses Experian reporting data, though it pulls Transunion reports in some states. Bank of America often sends preapproval offers to eligible applicants via email or regular mail, which increases these consumers' chances of being approved for a Bank of America card.

HSBC Premier World Mastercard® credit cards are issued by HSBC Bank USA, N.A., subject to credit approval and require a U.S. HSBC Premier relationship. Deposit products offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

First PREMIER Bank reports to the credit bureaus once each month, within days after the end of your monthly billing period.