Jan 19, 2017, 8:44 pm
Last edit by: StartinSanDiego
Please read this Wiki before posting questions in the thread.
Do not post offers or requests for referral links in this thread! The proper thread for referral offers is here.
All Chase issued cards are here: https://creditcards.chase.com/sitemap
This thread--a continuation of previous discussions through May 2015 and December 2016--focuses on general Chase policies & practices for new applications. For information on specific Chase cards and their bonuses/terms/benefits, see the following threads and their associated wikis: Table of Contents
Does Chase have a limit on the number or frequency of applications like Citi's 8/65 rule?
What's this I hear about Chase denying applications to people who have recently opened a lot of credit cards?
Does the 5/24 rule apply to applications for all Chase cards?
How does Chase calculate the number of an applicant's new cards for purposes of the 5/24 rule?
How does Chase calculate the relevant 24-month period? By calendar months? By exact days?
Can I get around the 5/24 policy by closing cards I've opened in the past 24 months?
Is there any way around the 5/24 policy (targeted mailers, pre-approvals, Chase Private Client status)?
Can I apply for a specific Chase card and earn the bonus again after doing so previously?
I'm an authorized user for a card issued to my spouse/parent. Does that prevent me from signing up for the same card and earning a bonus?
I already have several Chase cards with a substantial aggregate line of credit. Will it improve my odds if I close an existing account (or lower its credit line) before applying for another?
I wasn't auto-approved. Should I call in?
How can I determine the deadline for meeting the spend requirement to earn the signup bonus?
Once I meet the card's spend requirement, how soon will I receive my signup bonus points?
Should I downgrade or cancel my existing cards before applying?
Useful Chase telephone numbers
This thread--a continuation of previous discussions through May 2015 and December 2016--focuses on general Chase policies & practices for new applications. For information on specific Chase cards and their bonuses/terms/benefits, see the following threads and their associated wikis:
- Chase Freedom
- Chase Freedom Unlimited
- Chase Sapphire Preferred
- Chase Sapphire Reserve
- Chase Ink Plus
- Chase Ink Business Preferred
- Marriott Premier Visa
- IHG Rewards Visa/MC
- Hyatt Rewards Card from Chase
- Chase BA Visa
- United MileagePlus Explorer Card; business card
- United MileagePlus Club Card (and business card)
- Southwest Airlines, 4 cards currently available
- Chase Amazon Visa
- Does Chase have a limit on the number or frequency of applications like Citi's 8/65 rule?
- What's this I hear about Chase denying applications to people who have recently opened a lot of credit cards?
- Does the 5/24 rule apply to applications for all Chase cards?
- How does Chase calculate the number of an applicant's new cards for purposes of the 5/24 rule?
- How does Chase calculate the relevant 24-month period? By calendar months? By exact days?
- Can I get around the 5/24 policy by closing cards I've opened in the past 24 months?
- Is there any way around the 5/24 policy (targeted mailers, pre-approvals, Chase Private Client status)?
- Can I apply for a specific Chase card and earn the bonus again after doing so previously?
- I'm an authorized user for a card issued to my spouse/parent. Does that prevent me from signing up for the same card and earning a bonus?
- I already have several Chase cards with a substantial aggregate line of credit. Will it improve my odds if I close an existing account (or lower its credit line) before applying for another?
- I wasn't auto-approved. Should I call in?
- How can I determine the deadline for meeting the spend requirement to earn the signup bonus?
- Once I meet the card's spend requirement, how soon will I receive my signup bonus points?
- Should I downgrade or cancel my existing cards before applying?
- Useful Chase telephone numbers
Does Chase have a limit on the number or frequency of applications like Citi's 8/65 rule?
Chase does not have a known limit. However, several reports (for example) indicate that Chase is highly sensitive to multiple applications within a short time period, and that the second (or subsequent) applications run a substantial risk of being denied. In many cases, this is likely related to Chase's practice of allocating a large credit line (up to an applicant's personal maximum) when approving a new card such as the first application in a series. (See also the discussion below concerning aggregate Chase credit lines.)
What's this I hear about Chase denying applications to people who have recently opened a lot of credit cards?
Starting in May 2015, Chase began denying applications for its own personal cards (e.g., Sapphire Preferred, Freedom, Slate & Freedom Unlimited) if the applicant's credit report shows that she or he opened 5 or more credit cards with any card issuer in the prior 24 months ("the 5/24 rule").
For a few days in early September 2016, Chase included explicit language ("You will not be approved for this card if you have opened 5 or more bank cards in the past 24 months") on the application page for the Sapphire Reserve card--and then promptly removed it. The absence of this language on landing/application pages for the CSR or any other Chase card is not a reliable indicator of whether the 5/24 policy applies.
See the next section for co-branded cards exempt from the 5/24 policy, and the later section discussing potential ways around 5/24.
For a few days in early September 2016, Chase included explicit language ("You will not be approved for this card if you have opened 5 or more bank cards in the past 24 months") on the application page for the Sapphire Reserve card--and then promptly removed it. The absence of this language on landing/application pages for the CSR or any other Chase card is not a reliable indicator of whether the 5/24 policy applies.
See the next section for co-branded cards exempt from the 5/24 policy, and the later section discussing potential ways around 5/24.
Does the 5/24 rule apply to applications for all Chase cards?
Previously the rule did not apply to applications for the Ink Plus business card or to co-branded cards such as United, Hyatt, IHG, etc. However, on May 22, 2016 Chase extended its 5/24 rule to cover Ink business cards and some co-branded cards. (Note that there were premature reports that Chase Ink Plus would be made subject to the rule in March 2016 (which did not happen), and that all co-branded cards would follow in April 2016 (also did not happen).)
Although we had numerous reports of applications prior to May 22 being denied for a United/Hyatt/IHG/WN card by a CSR citing the 5/24 rule, the available evidence strongly suggested that those applicants had other serious issues--multiple Chase applications in a short period; large existing Chase credit line--and that overzealous CSRs gratuitously (and erroneously) invoked the 5/24 rule in the past as an additional supposed justification for the denial. Thus, it is difficult to separate such false positives from any change in Chase policy.
Instead, the most useful data points are those where an applicant is approved for a Chase card despite being over 5/24. Since May 22, 2016, we have such reports for these co-branded cards (in order from oldest to newest for each card):
For a longer list of cards apparently not subject to 5/24, check this link:
In November 2018, Chase seems to have possibly expanded 5/24 to more cards, possibly including some mentioned above. See this link:
Please follow discussion in the thread for current updates.
Although we had numerous reports of applications prior to May 22 being denied for a United/Hyatt/IHG/WN card by a CSR citing the 5/24 rule, the available evidence strongly suggested that those applicants had other serious issues--multiple Chase applications in a short period; large existing Chase credit line--and that overzealous CSRs gratuitously (and erroneously) invoked the 5/24 rule in the past as an additional supposed justification for the denial. Thus, it is difficult to separate such false positives from any change in Chase policy.
Instead, the most useful data points are those where an applicant is approved for a Chase card despite being over 5/24. Since May 22, 2016, we have such reports for these co-branded cards (in order from oldest to newest for each card):
- Hyatt (link; link; link; link; link; link; link; link; link; link)
- Marriott business card (link; link; link; link; link; link; link; link; link; link)
- IHG (link; link; link; link; link; link)
- BA (link; link)
For a longer list of cards apparently not subject to 5/24, check this link:
In November 2018, Chase seems to have possibly expanded 5/24 to more cards, possibly including some mentioned above. See this link:
Please follow discussion in the thread for current updates.
How does Chase calculate the number of an applicant's new cards for purposes of the 5/24 rule?
The 24-month count includes personal cards opened at other banks, and even cards on which the applicant is only an authorized user and not the primary cardholder. Chase has been extremely inflexible with this policy, with agents stating that there is nothing they can do to circumvent this restriction. However, in some cases Chase may reconsider a denial if the applicant has <5 new cards excluding cards on which s/he is an authorized user. You may need to escalate to the next level of customer service agent, as many front-line agents seem to be unable or unwilling to remove the authorized user accounts from the count.
Note:
Note:
- The actual cut-off number of recently opened cards may not be 5; it may be lower or perhaps higher, and it may differ for different applicants. Note also that the number of inquiries on a given credit reporting agency (or the total across all CRAs) is irrelevant.
- Cards not reported to EQ/TU/EX, such as most business cards and store charge cards, don't count towards this 5-card limit (for the simple reason that Chase cannot see them). Two FTers had previously reported that even Chase business cards are NOT included in the 5/24 tally, and more recently a third FTer has documented a case where they would have been 6/24 if a Chase business card had been counted. Similar conclusions have also been made by some travel bloggers.
How does Chase calculate the relevant 24-month period? By calendar months? By exact days?
In February 2017, a FTer reported a successful application a day or two after dropping from 5/24 to 4/24. However, because Chase sometimes approves applicants who are at 5/24 exactly (see above), this data point does not conclusively prove that Chase drops cards from its calculation on the exact 24-month anniversary of the previous bonus.
Can I get around the 5/24 policy by closing cards I've opened in the past 24 months?
No. Chase uses the information from your credit report, and closing an account doesn't make it disappear.
Is there any way around the 5/24 policy (targeted mailers, pre-approvals, Chase Private Client status)?
As to targeted mailers, we have insufficient anecdotal evidence to reach any reliable conclusions. (Reports suggesting no exemption from 5/24 here and here.)
There have been reports of people with more than 5 cards opened in the last 24 months being successful if they are already pre-approved for the card in question. To find out if you are pre-approved, you can call or go into a branch to ask. Success stories appear to be connected to Chase Private Client (CPC) status and the rollout of the Chase Sapphire Reserve card. In-branch pre-approvals (showing a green screen on the banker's computer) result in automatic approvals. Some (but not all) CPC clients had success in recon calls[[I]citation needed].
There have been reports of people with more than 5 cards opened in the last 24 months being successful if they are already pre-approved for the card in question. To find out if you are pre-approved, you can call or go into a branch to ask. Success stories appear to be connected to Chase Private Client (CPC) status and the rollout of the Chase Sapphire Reserve card. In-branch pre-approvals (showing a green screen on the banker's computer) result in automatic approvals. Some (but not all) CPC clients had success in recon calls[[I]citation needed].
Can I apply for a specific Chase card and earn the bonus again after doing so previously?
It depends. A Chase card may be "churned" when an entirely new version becomes available. For example, business cards are distinct from personal/consumer cards. Note that simple variations among bonus offers do not amount to new versions/products for purposes of this rule.
Beginning in 2014, Chase began including explicit language in most of its offers, such as the following:
Effective August 2018, Chase imposed stringent additional restrictions on receiving the signup bonus for any version of the Sapphire card. See Sapphire (CSR & CSP) 48 months between bonuses, August 2018 and the master threads for each card (listed above) for details and discussion.
There are four key considerations in determining whether you can churn a given card:
Beginning in 2014, Chase began including explicit language in most of its offers, such as the following:
This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months.
There are four key considerations in determining whether you can churn a given card:
- The 5/24 policy discussed in detail above.
- The 24-month bonus waiting period--in the case of Sapphire cards, the collective 48-month period--is measured not from the date of your previous application (or approval date, if different), but instead from the date you received the signup-related bonus on the previous card, which may be 3-4 months later than the approval date. The same rule applies regardless of the type of signup bonus received (points, miles, or free-night certs); anniversary benefits unrelated to spending requirements, such as annual IHG & Marriott certs, do not count as signup bonuses.
- For cards such as BA Visa where the signup bonus is earned in multiple stages, the most recent reports are that the 24-month clock starts running only on receipt of the last bonus installment. In an older report, one FTer found that the 24 months appear to run from the initial bonus; after some difficulty, another FTer was told the same thing.
- If you still have your old card of the same type, you're ineligible.
- Chase's policy does not indicate whether there is also a minimum waiting period between cancellation and reapplication, and there is not yet sufficient anecdotal evidence from FTers to draw firm conclusions. At a minimum, a prudent churner will wait at least a week or two after cancellation before reapplying so that all of Chase's systems fully reflect that closure. (See first bullet point above.) At least one FTer has reported re-applying successfully 14 days after canceling the previous card.
I'm an authorized user for a card issued to my spouse/parent. Does that prevent me from signing up for the same card and earning a bonus?
No. Being an additional user on someone else's account poses no bar to applying for that same card & bonus, except insofar as such cards may count toward the 5/24 rule (as discussed above).
I already have several Chase cards with a substantial aggregate line of credit. Will it improve my odds if I close an existing account (or lower its credit line) before applying for another?
Yes.
In the past, the conventional wisdom among FTers was that you were more likely to hurt your chances by closing an account or reducing CL unilaterally. However, substantial evidence from 2014 onward strongly indicates that Chase is increasingly likely to reject applications (or at least not auto-approve them) where an applicant has an existing total credit line that is high compared to his/her income & spending patterns. (For many members, the threshold appears to be in the $45K-60K range, but that is highly speculative.)
Recent reports suggest that closing accounts and/or voluntarily reducing credit lines increases the odds of auto-approval or in-branch pre-approval. (You can do either by calling or simply sending a secure message through your Chase online account. You do not need to provide a reason for the request.) For best results, keep at least $5K-10K in excess credit; if your application is not approved, you can always contact the reconsideration department and offer to reallocate that portion of your existing credit line. Note: despite allowing credit line to be moved between personal and business accounts in the past, Chase is no longer permitting such reallocation in either direction.
With respect to timing, it is better to reduce any CL as soon as you can conveniently do so, e.g., after meeting the bonus spend on a card you do not plan to use regularly thereafter. (Do not reduce CL on a given card if it would increase your "credit utiilization"--that is, the ratio of outstanding balance to CL--above ~30%. A high credit utilization number is a red flag for banks and can adversely affect your credit score.) Waiting until one's next application to lower a CL is less than optimal, as the reduced CL is not immediately recognized by all of Chase's systems.
There is no known minimum wait between lowering a CL and having the freed-up amount become available for purposes of a new application. A prudent applicant will, as recommended above, plan well in advance; failing that, an applicant would be wise to wait at least 24 hours between lowering a CL and applying for a new card.
In the past, the conventional wisdom among FTers was that you were more likely to hurt your chances by closing an account or reducing CL unilaterally. However, substantial evidence from 2014 onward strongly indicates that Chase is increasingly likely to reject applications (or at least not auto-approve them) where an applicant has an existing total credit line that is high compared to his/her income & spending patterns. (For many members, the threshold appears to be in the $45K-60K range, but that is highly speculative.)
Recent reports suggest that closing accounts and/or voluntarily reducing credit lines increases the odds of auto-approval or in-branch pre-approval. (You can do either by calling or simply sending a secure message through your Chase online account. You do not need to provide a reason for the request.) For best results, keep at least $5K-10K in excess credit; if your application is not approved, you can always contact the reconsideration department and offer to reallocate that portion of your existing credit line. Note: despite allowing credit line to be moved between personal and business accounts in the past, Chase is no longer permitting such reallocation in either direction.
With respect to timing, it is better to reduce any CL as soon as you can conveniently do so, e.g., after meeting the bonus spend on a card you do not plan to use regularly thereafter. (Do not reduce CL on a given card if it would increase your "credit utiilization"--that is, the ratio of outstanding balance to CL--above ~30%. A high credit utilization number is a red flag for banks and can adversely affect your credit score.) Waiting until one's next application to lower a CL is less than optimal, as the reduced CL is not immediately recognized by all of Chase's systems.
There is no known minimum wait between lowering a CL and having the freed-up amount become available for purposes of a new application. A prudent applicant will, as recommended above, plan well in advance; failing that, an applicant would be wise to wait at least 24 hours between lowering a CL and applying for a new card.
I wasn't auto-approved. Should I call in?
It may be better to avoid calling Chase unless your application is denied. Many recent calls on pending applications led to denials, and many people report having success letting applications work their way through the system. Be patient. Time is on your side; increasingly, Chase CSRs are not.
If you do call, expect extensive and possibly hostile questioning. Be prepared to answer questions regarding the need for more credit, past credit apps for both Chase and other banks, income, business finances, etc. Know your CLs with Chase before you call so you know which card/s you are willing to decrease the CLs on. If the app is for a significant other who dislikes such calls, they can authorize you to speak on their behalf and hand the phone over to you.
If you do call, expect extensive and possibly hostile questioning. Be prepared to answer questions regarding the need for more credit, past credit apps for both Chase and other banks, income, business finances, etc. Know your CLs with Chase before you call so you know which card/s you are willing to decrease the CLs on. If the app is for a significant other who dislikes such calls, they can authorize you to speak on their behalf and hand the phone over to you.
How can I determine the deadline for meeting the spend requirement to earn the signup bonus?
Just send Chase a secure message (SM) through your online account. Although the deadline should in theory be N months from the date of approval (not the date of application or card activation)--where N is the number of months specified in the offer--Chase typically pads this period to account for the time required to fabricate and deliver physical cards. For example, a recent "3-month" deadline was in fact 114 days, as confirmed by Chase's SM confirmation.
Once I meet the card's spend requirement, how soon will I receive my signup bonus points?
Bonus points typically accrue at the close of the billing period in which you incur the corresponding charges. Points should appear in your hotel/airline account within a few days thereafter.
NOTE: If you complete your required spending in the last 7-10 days of the statement period, the bonus may not post until the following month's statement, even if the regular per-dollar points post on the first statement. This is normal behavior for Chase and is not worth a phone call.
NOTE: If you complete your required spending in the last 7-10 days of the statement period, the bonus may not post until the following month's statement, even if the regular per-dollar points post on the first statement. This is normal behavior for Chase and is not worth a phone call.
Should I downgrade or cancel my existing cards before applying?
See the discussion at
Useful Chase telephone numbers
(800) 432-3117 – General Application Status Line, automated
(800) 436-7927 – Alternative General Application Status Line, automated
(888) 609-7805 – Alternative Personal Reconsideration line with live rep
(888) 269-8690 - Business Credit Card Application Status Line, automated
(800) 453-9719 – Business Credit Card Reconsideration Line with live rep
(800) 955-9900 – General Card Services and Application status, automated
(888) 298-5623 – Credit Reallocation Office (Personal cards)
(800) 453-9719 – Credit Reallocation Office (Business cards)
(888) 622-7547 – Executive Offices
(877) 470-9042 – Personal Application Verification line with live rep
Twitter: @ChaseSupport
Note: In the past, automated telephone status reports stating that Chase would notify you in 2 weeks often resulted in an approval, whereas the "7-10 days" telephone recording often indicated imminent denial. In 2016, this pattern became increasingly unpredictable, with many applicants receiving approval despite an earlier "7-10 days" automated telephone message. As a result, automated telephone responses should not be regarded as reliable indicators of an application's likely outcome.
(800) 436-7927 – Alternative General Application Status Line, automated
(888) 609-7805 – Alternative Personal Reconsideration line with live rep
(888) 269-8690 - Business Credit Card Application Status Line, automated
(800) 453-9719 – Business Credit Card Reconsideration Line with live rep
(800) 955-9900 – General Card Services and Application status, automated
(888) 298-5623 – Credit Reallocation Office (Personal cards)
(800) 453-9719 – Credit Reallocation Office (Business cards)
(888) 622-7547 – Executive Offices
(877) 470-9042 – Personal Application Verification line with live rep
Twitter: @ChaseSupport
Note: In the past, automated telephone status reports stating that Chase would notify you in 2 weeks often resulted in an approval, whereas the "7-10 days" telephone recording often indicated imminent denial. In 2016, this pattern became increasingly unpredictable, with many applicants receiving approval despite an earlier "7-10 days" automated telephone message. As a result, automated telephone responses should not be regarded as reliable indicators of an application's likely outcome.
Applying for Chase Credit Cards, 2017-2019
Apr 4, 2017, 2:58 pm
#511
Join Date: Mar 2013
Posts: 86
I actually *did* read the wiki and item #1 , and I'm familiar with the 2 apps in 30 days 'rule'. However, I have also seen DPs that said that when denials are based on 5/24, there is no hard pull. If that is so (and I don't know if it is, I'll need to check) then would it count towards those 2 apps or not?
I'm not too worried about the spend - we're remodeling our kitchen starting in May. :-P
I'm not too worried about the spend - we're remodeling our kitchen starting in May. :-P
Apr 4, 2017, 3:34 pm
#512
Join Date: Nov 2010
Location: Traveling some where hopefully
Programs: AS, AA Gold, and Hilton
Posts: 1,954
I actually *did* read the wiki and item #1 , and I'm familiar with the 2 apps in 30 days 'rule'. However, I have also seen DPs that said that when denials are based on 5/24, there is no hard pull. If that is so (and I don't know if it is, I'll need to check) then would it count towards those 2 apps or not?
I'm not too worried about the spend - we're remodeling our kitchen starting in May. :-P
I'm not too worried about the spend - we're remodeling our kitchen starting in May. :-P
But they don't count it as a card opened. I tried CSR in 8/2016 but had to wait until 12/2016 2 days after a card fell off.
Apr 4, 2017, 3:41 pm
#513
Join Date: Mar 2013
Posts: 86
Yeah, just checked and it did come up as a hard pull. Ah well. And I can't call them to try and fight about it since I did an AOR that day (although I did the Chase card first!!!), although I might try anyway, as I really thought she was under 5/24.
Apr 4, 2017, 4:16 pm
#514
Join Date: Sep 2009
Posts: 91
So, timeline:
3/31 - App
3/31 - Hard Pull
3/31 - Approx 2 Weeks Notice
4/2 - Switched to 30 day Notice
Apr 4, 2017, 6:57 pm
#515
Join Date: Jan 2015
Posts: 159
I called about a Chase Freedom Unlimited which I applied for a few days before applying for the SPG Personal and Biz. They ended up giving me the CFU after I called them, even though the SPG Biz and Personal put me at 7/24.
Apr 4, 2017, 8:54 pm
#516
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,068
Apr 4, 2017, 10:35 pm
#517
Join Date: Feb 2014
Posts: 53
On the chase app never seen this before.
Top of the accounts page it says apply for chase sapphire preferred with 50k bonus 4K spend. Clicking on the link brings me to a webpage but don't see anything about cards precapproved. Anyone know if this is like being Pre approved to bypass 5/24 or is it just another ad?
Top of the accounts page it says apply for chase sapphire preferred with 50k bonus 4K spend. Clicking on the link brings me to a webpage but don't see anything about cards precapproved. Anyone know if this is like being Pre approved to bypass 5/24 or is it just another ad?
Apr 5, 2017, 12:26 am
#518
Join Date: Aug 2014
Location: USA
Posts: 23
What do you mean by this? Based on the 0/24, and that comment, I'm guessing you're relatively new to credit cards. I don't know if this discussion belongs in here, but I'd like to know what you're concerned about on credit cards. If you want to maximize your rewards, you really should be putting EVERYTHING on the card. In many/most cases, it's actually better to put things on credit than not, as they confer additional benefits than can be had by paying with cash or debit.
Personally, I would call to check on the status. You'll have to Google for the right number, but there's no risk to calling the wrong department. I was in a similar situation but I had both a personal and business card pending. I didn't want to talk about the business card (the advice is to not call on business) but I did want to talk about the personal card and why it was pending/denied, so I had to dig to make sure I had the right number (I've since misplaced it).
I can't see them turning you down if you're 0/24. As long as you have reasonable income, good credit score, etc, you should be able to call and probably get a decision in a few minutes. There's nothing questionable that you'd really have to explain, like a lot of us do: "Why have you opened 10 cards in the last 6 months", etc.
I can't see them turning you down if you're 0/24. As long as you have reasonable income, good credit score, etc, you should be able to call and probably get a decision in a few minutes. There's nothing questionable that you'd really have to explain, like a lot of us do: "Why have you opened 10 cards in the last 6 months", etc.
History:
3/27 - During trip planning, I remember about bonus miles and with a trip, I could easily meet the minimum spend.
3/29 - I cancel the Explorer card. I still have the MileagePlus card.
3/30 - I apply for a new Explorer card. I didn't get automatic approval, just the 30 day message. (I screwed up this part because I didn't wait two weeks, as recommended. I got anxious about purchasing the trip tickets.)
4/2 - I call the automated system and get the two week message
4/3 - Automated system still says two weeks
4/4 - I call verification, had to cancel the MileagePlus card, but got approved for a new Explorer, which will hopefully be expedited
1. Was the rep correct? There's no way to have both a MileagePlus and Explorer card on the same account anymore? I ask because when I got home, there was a letter waiting for me, saying I was declined because I already had an Explorer card (the one I canceled on 3/29) and thus didn't qualify.
2. Is there a way for me to make sure I'll still be eligible for the points?
3. How much of an impact on my credit score did I do with canceling two cards? Especially with one rarely utilized card (MileagePlus) that I've had over 8+ years.
Last edited by travelvinh; Apr 5, 2017 at 12:40 am
Apr 5, 2017, 6:41 am
#519
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,934
On the chase app never seen this before.
Top of the accounts page it says apply for chase sapphire preferred with 50k bonus 4K spend. Clicking on the link brings me to a webpage but don't see anything about cards precapproved. Anyone know if this is like being Pre approved to bypass 5/24 or is it just another ad?
Top of the accounts page it says apply for chase sapphire preferred with 50k bonus 4K spend. Clicking on the link brings me to a webpage but don't see anything about cards precapproved. Anyone know if this is like being Pre approved to bypass 5/24 or is it just another ad?
Apr 5, 2017, 9:36 am
#520
Join Date: Jul 2013
Posts: 1,784
If you are worried about what the banks will think here's an inside tip: The cc companies like it when you put spend on your card. (Obviously don't go over your credit limit, or spend what looks to be more than you can afford based on stated income.) They get paid every time you use your card. That's actually the very business they are in.
If you are worried about keeping track of your expenditures, just take 3 minutes a day to look at your cc bills online. Then if anything is out of line you will see that immediately, and if necessary you can call the bank to question a charge. That will also mean you don't build up too high a balance to have to pay when it comes due. If it starts to build up, don't wait for the bill, just make a payment from your checking account.
I put my annual house insurance on a cc ($1k+), and then if I buy a bunch of cilantro at Safeway for $0.69, I put that on a cc as well. The only things I don't put on a card are taxes, and some utilities, that charge a substantial fee for using a card. I've been doing this for several decades. All the banks say when I call in is "thank you for being such a good customer".
Just make sure that if you spend more than 2% of your credit limit in any billing period that you pay most of that off before the bill posts. That keeps your credit utilization score very low, which adds to your FICO score.
Apr 5, 2017, 10:06 am
#521
Join Date: Feb 2012
Location: DEN
Programs: Hilton Diamond Hyatt Globalist Marriott Gold AA EXP
Posts: 1,000
I was at 5/24 and applied for the Chase United Business - although one of the 5 shouldn't be on there. When I applied it immediately went to 30 day review and will notify me by mail. Also, a hard pull seems to have been done even though its a business card.
1. What does 30 day really mean and what result should I expect?
2. Should I call if I'm denied and ask that the store card not be considered in the 5?
3. If denied for 5/24, can I apply for Marriott Business as many DPs and blogs from last year indicated it was one that was still immune from 5/24 limit?
1. What does 30 day really mean and what result should I expect?
2. Should I call if I'm denied and ask that the store card not be considered in the 5?
3. If denied for 5/24, can I apply for Marriott Business as many DPs and blogs from last year indicated it was one that was still immune from 5/24 limit?
Apr 5, 2017, 10:55 am
#522
Join Date: Mar 2016
Posts: 3
Just some data points for those who are interested.
2/4 - Applied for Southwest Premier even though I knew I was at 5/24 until the end of March. I got an invitation code in the mail and wanted to see if that would get me around the 5/24 rule since I couldn't find definitive data points on whether it would or not. It didn't, so I was denied for having too many cards.
3/27 - Two cards fell off.
4/4 - Applied for Southwest Plus and Premier yesterday, within about 10 minutes of each other, both approved immediately.
2/4 - Applied for Southwest Premier even though I knew I was at 5/24 until the end of March. I got an invitation code in the mail and wanted to see if that would get me around the 5/24 rule since I couldn't find definitive data points on whether it would or not. It didn't, so I was denied for having too many cards.
3/27 - Two cards fell off.
4/4 - Applied for Southwest Plus and Premier yesterday, within about 10 minutes of each other, both approved immediately.
Apr 5, 2017, 11:47 am
#523
Join Date: Feb 2013
Programs: Hyatt Globalist, MLife Gold, Marriott Gold, HHonors Gold, Caesars Diamond, Amex Plat
Posts: 5,934
Applied for the Chase Marriot and my application went to pending Friday. The email said I'd hear within 30 days and the automated call says 7-10 after decision.
I assume I was denied but I have no idea why. My EX is 750 and TU is 783. 6% utilization. 4/24 at the time of applying. I've never not been auto approved for a card before. I guess I need to wait until denial before I can call recon. I have a Freedom (2014), CSR (11/2016) and CSP (12/2016) from Chase.
I assume I was denied but I have no idea why. My EX is 750 and TU is 783. 6% utilization. 4/24 at the time of applying. I've never not been auto approved for a card before. I guess I need to wait until denial before I can call recon. I have a Freedom (2014), CSR (11/2016) and CSP (12/2016) from Chase.
Have you had any update on your app?
Apr 5, 2017, 3:34 pm
#524
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,932
I was at 5/24 and applied for the Chase United Business - although one of the 5 shouldn't be on there. When I applied it immediately went to 30 day review and will notify me by mail. Also, a hard pull seems to have been done even though its a business card.
1. What does 30 day really mean and what result should I expect?
2. Should I call if I'm denied and ask that the store card not be considered in the 5?
3. If denied for 5/24, can I apply for Marriott Business as many DPs and blogs from last year indicated it was one that was still immune from 5/24 limit?
1. What does 30 day really mean and what result should I expect?
2. Should I call if I'm denied and ask that the store card not be considered in the 5?
3. If denied for 5/24, can I apply for Marriott Business as many DPs and blogs from last year indicated it was one that was still immune from 5/24 limit?
FYI: What matters is not whether it's a store card, but whether or not it's a bank card. The are store cards issued by banks, and those do count toward 5/24, and there's nothing you can argue about that. Then there are non-bank store cards, and those shouldn't count. So it doesn't matter whether it's a store card, what matters is who issues the card.
The count as done by Chase is to pull your credit report, look for all bank cards that show on there with an "opened on" date in the past 24 months. (Cards which don't show up on your credit report don't count here, no matter why it is they don't show up on your credit report. Non-bank cards shouldn't count.) Then, additionally, Chase may or may not add any Chase cards that don't show up on your credit report (by looking at their own internal data about you).
The two main reasons why cards may not show up on your credit report:
1. Business cards from most banks (but not from all banks) don't show up on your credit report as long as the card is "in good standing". Capital One business cards do show up on credit reports, though.
2. Cards take a month or two to show up on your credit report. So cards you opened very recently may not show up on your credit report yet. (But, of course, if Chase takes weeks to process your application, when is it that they actually pull your report? Perhaps not on the day you applied, perhaps not for a while after that?)
Meanwhile, in a while you can apply for the Marriott Business card whether or not you're denied for 5/24. Though of course you may want to do that sooner if you're denied and later (so you can get the minimum spend done on the United card first) if you're approved.
But the first step is to figure out if you're truly at 5/24. Only a careful analysis of your credit report can do that. You can get your credit report for free at Credit Karma, or (if you haven't gotten it recently) at annualcreditreport.com. Which bureau's credit report you get doesn't matter much for this, as the items you need to look at to evaluate your 5/24 status appear on all 3 bureaus' credit reports. (You should only need one of these reports, not all 3.)
Last edited by sdsearch; Apr 5, 2017 at 3:39 pm
Apr 5, 2017, 6:05 pm
#525
Join Date: Feb 2012
Location: DEN
Programs: Hilton Diamond Hyatt Globalist Marriott Gold AA EXP
Posts: 1,000
Oh, I'm at 5/24 on my credit karma report. I just want to call the Chase recon line and ask them to not count the 5th one as it should be a store card, but the store opened a bank card account for me against my wished. Old Navy offers both - one shows up on the credit report - the Visa, and the other doesn't.
If it went to 30 day does that mean it will be rejected? How long before they tell me so I can call recon?
If it went to 30 day does that mean it will be rejected? How long before they tell me so I can call recon?
