barschools

http://www.doctorofcredit.com/a-way-...ses-new-rules/

You may have a shot if you apply in branch and have been pre-approved but there aren't any success stories in the comments of this article.

hotelfanatic

I reapplied for the Hyatt card after 2.5 years since cancelling. Made the $1K spent and now have 2 free nights deposited in my account. I don't recommend timing it to exactly 2 years as some tried to do. Just wait a few months and it should work. Now the difficult part - where to use it

ROBOT536

To my knowledge, I'm not an AU on anyone's card. Nothing on my credit karma report indicates that I am. Would they normally show up on a credit report?

That's a bummer if the CapOne card counted.

ROBOT536

My PRG does not report a credit limit on credit karma.

wideman

I was just semi-instantly approved* for a Chase Hyatt card. In the past 21 months (since Dec 2013), I've applied for and received 9 personal and 6 business cards:

Personal:
Barclays US Airways
Chase Britiah Airways
Citi Hilton Reserve
US Bank Club Carlson
Chase Saph Pref
Amex Everyday
Barclays Arrival+
Chase Marriott
Barclays Wyndham

Business:
Citi AA
Chase Ink
Delta Amex
Citi American
Barclays US Airways
Chase United

Also had a declined application (Citi AA) in that time.

*Semi-instant approval: After completing the online application, I was instantly shown a screen asking me to call a Chase 800 number, which seemed to be an identity check. After verifying my identity, the rep approved the application. 10 minutes after the phone call, the Hyatt card is showing on my online accounts.

FICO scores are high 700s, income is under $100k (I'm retired). Several weeks ago, I lowered the credit limits on all my other Chase cards to $7-9k, so that my pre-application total credit was about $30k.

Brugge

Ok, but the Wiki on this thread says:

"Starting in May 2015, Chase began denying applications for its own branded cards (e.g., Sapphire Preferred, Freedom; but not United, Hyatt, IHG, etc*) if the applicant's credit report shows that she or he opened more than 5 credit cards in the past 24 months".

So is the rule that denial is automatic for 5 or more, and the wiki needs to be updated? Or is the rule that denial is automatic for more than 5, but it could kick in at exactly 5 if there are other problems with your credit history, etc. ?

aza72

It isn't entirely clear exactly what the rule is. 5 or more? More than 5? Some other number. However we have gotten a lot of data points for approvals with a few cards, and denials a lot of cards, and the general evidence suggests that for most applicants, there is a hard line around 5 that the CSR can not get around.

There are certainly some nuances to it, more of which are becoming clear as we get more data points. I've updated the wiki to reflect our best information and people can read through the thread if they want more.

Biggie Fries

And very well. Thanks!

italdesign

Data point. Applied for IHG last night. Went to pending. Checked automated line today, approved with 25K (my highest CL ever).

10 new primary accounts open this year, 5 in last 6mo. What's interesting is I also have 10 new accounts in last 6mo as AU. I removed those from TU but not EX (pending). Chase pulls from both while Amex pulls from EX. No problem with either.

I reduced my total Chase CL from ~40K to ~15K about 2 months ago.

Affirmation that serious churners are OK with some strategy.

sdsearch

Or the possibility that the exact number is YMMV!

There's a precedent for that at another bank: There is a semi-famous limit of "no more than 6 inquiries in the past 6 months" (on whichever bureau[s] they pull) over at Citi. Except some people are allowed a bit more than 6. So while the lookback period at Citi for inquiries is definitely 6 months, and the "safest" limit to be at is 6 (on a particular bureau) in that period, some people get approved despite being a bit beyond that.

So it could be that Chase limits it to 4 (denying at 5) for some people, but to 5 (denying at 6) for some other people, and perhaps could even have other numbers for yet other people.

For a lot of us, it doesn't matter: We're so far beyond 5, or 6, or 7, or 8, or 9, or 10... cards in the past 24 months, that a slight difference from "5" isn't going to help us.

And to further complicate things, it's not exactly clear what Chase counted for each person who reports a datapoint. Some people who post reports haven't actually counted the number of cards showing on the whichever credit report Chase pulled as having been opened in the 24 months preceding the application date. What they've done is listed how many cards they know they've opened. But have all of those for certain shown up on every credit report? BMO Diners Club credit cards don't seem to report to any credit bureaus; are those really the only non-charge cards that don't report to every credit bureau, or are there others?

Also, new cards may not report to the credit bureau as opened for a month or so. So cards that were opened soon before applying for a Chase non-partner personal card may not count for 5/24 (even though their inquiries might count if Chase is also counting inquiries).

... Btw, a lot of so-called "rules" out there on FT aren't certain. For example, the Citi 8/65 rule (for intervals between 2 or 3 card applications) is based on "known safe", but it includes padding. Being absolute over at the Citi is impossible; they write up denials for "no more than 2 cards in any 60 day" period when you waited 61 or 62 days (Citi is known for counting wrong!). So there's nothing to do but "pad" up to the point where nobody gets denied for following that rule, even if the rule is "padded".

Denver Enzo

Question 1: Does the 5/24 rule include accounts that are currently closed? I have at least 7 Citi Exec cards that were opened but closed soon thereafter.

Question 2: Can the hard pull be saved from a declined app? Chase shows me prequalified for another Sapphire (over 24 months), but if I'm declined based on the 5/24 rule, can I apply the same day for a hotel or airline card and have the Experian pulls merged, thus still receiving a value for the hard pull?

aza72

Sounds like Chase really wants you at a 40K CL

Very interesting.

7 Citi Execs opened and closed in the last 24 months? Wow. But, yes they do count all cards on the credit report opened in the past 24 months even if they have been since closed.

The merging is done at the bureaus as a way to eliminate duplicates. This usually comes up with BoA which allows many apps in one day, but no reason it wouldn't work with Chase. However Chase can be a bit random on where they pull, so no guarantee they will pull the same bureau both times.

Brugge

I agree, that is a low #, as my DW and I both did that many in 12 months. But consider, that may not mean the OP is a slacker, some people just got started late.

Not an expert on this, so I might be wrong. Doesn't it have to be the same exact card to be considered a duplicate? So 2 B of A AS cards would yield one HP, but an IHG app and a SW app would result in 2 HPs, even if Chase pulled the same CB?

barschools

I applied for both SW personal cards on the same day in January and was auto-approved for both with one hard pull. I applied for the Hyatt and IHG on the same day last week, approved for Hyatt and denied IHG, with one hard pull. You should be ok if you apply for both in the same day.

The only problem you may have would be if the Sapphire app goes to pending and you don't get an immediate decision. "We'll let you know in 7-10 business days" or something like that. If that happens you will need to call recon and get them to make a decision so you'll know if you should apply for another card.

barschools

Just to clarify, I was approved for the SW personal Plus and the SW personal Premier on the same day with one hard pull. Two different products. I was lucky to get those as I was approved for the Freedom a month earlier.