Hi, I'm new to this game. Can someone please clarify if Chase 5/24 policy is 5 credit cards or 5 inquiries?
My situation - I got 4 credit cards the last 2 years (1 US Airways MC, 1 Citi AAvantage MC, 2 Chase Southwest personal and business) but 7 inquiries due to the mortgage refinance. What is the chance for me to apply both CSP and Freedom in 1 day. My current FICO 813. TIA.
As far as we know its actual cards not inquiries (includes cards you've closed as well). You would probably be fine with the first one you apply for but might be denied for the 2nd one (can't tell you for sure). I would plan to open the one you most want first and then risk opening a 2nd one after that.
The problem is chances are your first one will be autoapproved which means it will probably extend your credit with chase to the max allowed based on your income/score. So then what I would do is call in and have them lower your credit line maybe for the Chase Southwest card. Then risk opening a 2nd card and if you're lucky it will be auto-approved (but again there is a chance ofr denial)