Mar 3, 2016, 8:48 pm
Last edit by: StartinSanDiego
Moderator Note:
5/24 is the new application reality at Chase, so this speculation thread is now closed. As of this writing, there are some exceptions, and in-depth discussion is ongoing. To assist you in finding the most current information, please direct application discussions to the "Applying for Chase Cards" thread:http://www.flyertalk.com/forum/chase...5-present.html
Further discussion regarding the nuances, exceptions and possible work-arounds to Chase's imposed 5/24 limitations may also be found here:
http://www.flyertalk.com/forum/chase...-strategy.html
==============================================
What is Chase's so-called 5/24 policy?
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?
Are targeted offers exempt from the 5/24 rule?
5/24 is the new application reality at Chase, so this speculation thread is now closed. As of this writing, there are some exceptions, and in-depth discussion is ongoing. To assist you in finding the most current information, please direct application discussions to the "Applying for Chase Cards" thread:http://www.flyertalk.com/forum/chase...5-present.html
Further discussion regarding the nuances, exceptions and possible work-arounds to Chase's imposed 5/24 limitations may also be found here:
http://www.flyertalk.com/forum/chase...-strategy.html
==============================================
What is Chase's so-called 5/24 policy?
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?
Are targeted offers exempt from the 5/24 rule?
See the wiki at Applying for Chase Credit Cards- May 2015-Present.
Chase "may" limit approvals (5/24) on co-branded cards [flame free speculation]
Apr 25, 2016, 5:17 pm
#361
Join Date: Feb 2016
Location: New York
Programs: Navy A-4 Skyhawk, B727 FE/FO, S80 FO, B757/767 FO, B737 CA
Posts: 1,342
Apr 26, 2016, 3:13 am
#362
Suspended
Join Date: Dec 2014
Posts: 8,460
Yup rule is definitely not in effect yet.
Apr 26, 2016, 11:20 am
#363
Join Date: Apr 2007
Posts: 1,857
I think if Chase wanted to cut down on churning they should have followed AMEX in limiting bonuses (one per lifetime per card product) instead of implementing the 5/24 policy. I don't know about others, but I am not going to keep track of when my accounts fall under 5/24 prior to applying for another Chase product again. As with all businesses, if Chase can provide me the best point value for my categorical spending I'll use their products, otherwise I'll go with the alternative (new cards with bonuses from other banks will always arise). In summary, 5/24 is overkill to limit churning IMHO.
Apr 30, 2016, 2:31 pm
#364
Join Date: Mar 2011
Posts: 107
DH was at 11/24 before applying for Hyatt and Marriott personal on 4/8. Marriott approved instantly, Hyatt approved 3 weeks later (auto status line gave 2-week message up until approval).
Apr 30, 2016, 2:36 pm
#365
Join Date: Feb 2003
Location: On strike
Posts: 8,135
Let's face it, folks: Chase may extend the 5/24 rule to Ink Plus and co-branded cards someday, but it isn't happening on the timeline (March & April) foretold by a certain blogger.
Of course, it could happen any time, blogger reports or no, so for the time being churn, fly, and be merry, for tomorrow we may die.
Of course, it could happen any time, blogger reports or no, so for the time being churn, fly, and be merry, for tomorrow we may die.
Apr 30, 2016, 7:32 pm
#366
Suspended
Join Date: Dec 2014
Posts: 8,460
Let's face it, folks: Chase may extend the 5/24 rule to Ink Plus and co-branded cards someday, but it isn't happening on the timeline (March & April) foretold by a certain blogger.
Of course, it could happen any time, blogger reports or no, so for the time being churn, fly, and be merry, for tomorrow we may die.
Of course, it could happen any time, blogger reports or no, so for the time being churn, fly, and be merry, for tomorrow we may die.
May 1, 2016, 1:32 am
#367
Join Date: Sep 2015
Programs: Delta Platinum, United Platinum, Marriott Titanium, Hilton Diamond
Posts: 120
Which blogger was it? I forgot. Doctor of Credit maybe? Anyways, that blogger, whomever it was, should write a piece explaining why they were wrong. I wonder what sort of revenue they generated while everyone panicked thinking they need to get their final Chase cards ASAP.
It was DoC. He just took a week long vacation on the points he made from the referrals
Last edited by Typhoonpilot; May 1, 2016 at 8:19 am Reason: spelling
May 1, 2016, 11:30 am
#368
Join Date: Apr 2015
Posts: 116
Which blogger was it? I forgot. Doctor of Credit maybe? Anyways, that blogger, whomever it was, should write a piece explaining why they were wrong. I wonder what sort of revenue they generated while everyone panicked thinking they need to get their final Chase cards ASAP.
But it's not DoC's fault everyone jumped on an anonymous rumor - honestly and openly posted as an anonymous rumor, not as fact - and went crazy.
May 1, 2016, 1:44 pm
#369
Suspended
Join Date: Sep 2014
Posts: 3,072
He posted an anonymous rumor, knowing it would generate massive traffic.
Anyone with an iota of common sense knew it was highly unlikely that Chase could unilaterally impose anything like 5/24 on all of their co-brand cards.
Anyone with an iota of common sense knew it was highly unlikely that Chase could unilaterally impose anything like 5/24 on all of their co-brand cards.
May 1, 2016, 3:52 pm
#370
Join Date: Aug 2014
Posts: 1,303
Well given the chase cards are adhering to 5/24 it isn't a stretch to then believe that the co-branded were doing the same thing. Yes, it seems like chase would have less control with terms over their co branded cards but nonetheless, not a slam dunk, crazier things have happened. Claiming to be certain there was no 5/24 on co-branded AFTER the fact is not going out on a limb.
May 1, 2016, 3:54 pm
#371
Suspended
Join Date: Sep 2014
Posts: 3,072
Well given the chase cards are adhering to 5/24 it isn't a stretch to then believe that the co-branded were doing the same thing. Yes, it seems like chase would have less control with terms over their co branded cards but nonetheless, not a slam dunk, crazier things have happened. Claiming to be certain there was no 5/24 on co-branded AFTER the fact is not going out on a limb.
Denying applicants for credit-related reasons is one thing; telling, e.g., a United Airlines customer that he can't have a UA card because he opened a Citi card, a Best Buy card, a Home Depot card, and two other cards 22 months ago is quite another.
May 1, 2016, 5:19 pm
#372
Join Date: Nov 2014
Location: IAD/DCA/BWI
Programs: Marriott Gold, SPG Gold, AA Gold, Hyatt Platinum, Virgin America Elevate Gold
Posts: 225
Well given the chase cards are adhering to 5/24 it isn't a stretch to then believe that the co-branded were doing the same thing. Yes, it seems like chase would have less control with terms over their co branded cards but nonetheless, not a slam dunk, crazier things have happened. Claiming to be certain there was no 5/24 on co-branded AFTER the fact is not going out on a limb.
May 1, 2016, 10:45 pm
#373
Join Date: Mar 2010
Posts: 1,173
got Marriott personal and business late march...applied for IHG 4/27 and was auto approved....the sky is not falling.
Good point about recording your credit card open close dates, I never bothered with date of bonus, but looked it up on old statements just to make sure...I record cards in a book I keep with all my loyalty program numbers, id's, passwords, security answers, bank accounts opening & closing dates, routing and account numbers....utility ID's and passwords, alternate e-mail addresses and passwords, savings bond numbers, IRA rollover dates, insurance policy numbers....it is a shame that you have to have a password for everything, can't wait for face recognition verification (it's coming). Having a hardcopy in the safe, to keep track of everything, is a good idea.
If you like the speculation .. of this thread, start a new thread with the latest rumor...put forth by MMS: Amex is reconsidering their stupid policy of one bonus per lifetime.......and discuss.....lol
Good point about recording your credit card open close dates, I never bothered with date of bonus, but looked it up on old statements just to make sure...I record cards in a book I keep with all my loyalty program numbers, id's, passwords, security answers, bank accounts opening & closing dates, routing and account numbers....utility ID's and passwords, alternate e-mail addresses and passwords, savings bond numbers, IRA rollover dates, insurance policy numbers....it is a shame that you have to have a password for everything, can't wait for face recognition verification (it's coming). Having a hardcopy in the safe, to keep track of everything, is a good idea.
If you like the speculation .. of this thread, start a new thread with the latest rumor...put forth by MMS: Amex is reconsidering their stupid policy of one bonus per lifetime.......and discuss.....lol
Last edited by philemer; May 2, 2016 at 9:15 am Reason: off color comment removed
May 2, 2016, 12:49 am
#374
Suspended
Join Date: Dec 2014
Posts: 8,460
If the information had proven correct, everyone would have high fived and congratulated DoC on breaking the scoop which is fine. But on the flip side, DoC needs to take his spanking like a man now that the info was proven wrong.
May 2, 2016, 3:17 am
#375
Join Date: Feb 2009
Posts: 6,607
I'm not defending the guy nor do I even know who he is but from what I hear he is a well respected blogger so we adjusted our apps with me getting as many Chase cards as I can and my wife not applying for any cards.
If I happens we are all set as she will have 0/24 come December 2017, just in time for CP via 2 Sw cards and 3 more Chase cards after that.
If he's wrong great, if not we are ready.
The new rule is likely to start in April. We can expect a timeline which will look something like this:
Currently, once past 5/24, you can not get Freedom, Sapphire, or Slate. You can get all other cards.
At some point in March, the INK cards will be restricted as well. We can still get personal and business co-branded cards.
At some point in April, all Chase credit cards will be included in the rule, and those past 5/24 won’t be approved for anything
.
This timeline reflects the upcoming change as it’s being said now. There is a possibility that it will take slightly longer for the rules to come into practice.
If I happens we are all set as she will have 0/24 come December 2017, just in time for CP via 2 Sw cards and 3 more Chase cards after that.
If he's wrong great, if not we are ready.
The new rule is likely to start in April. We can expect a timeline which will look something like this:
Currently, once past 5/24, you can not get Freedom, Sapphire, or Slate. You can get all other cards.
At some point in March, the INK cards will be restricted as well. We can still get personal and business co-branded cards.
At some point in April, all Chase credit cards will be included in the rule, and those past 5/24 won’t be approved for anything
.
This timeline reflects the upcoming change as it’s being said now. There is a possibility that it will take slightly longer for the rules to come into practice.