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]
Jun 20, 2016, 2:20 pm
#541
Join Date: Jul 2009
Location: SEA
Posts: 2,556
Your case suggests that non-churners may not be getting restricted by the 5/24 rule.
Jun 20, 2016, 2:24 pm
#542
Suspended
Join Date: Sep 2014
Posts: 3,072
No, it just means that the IHG and Hyatt cards aren't subject to 5/24 ... yet.
Jun 20, 2016, 2:31 pm
#543
Join Date: Mar 2016
Location: New York, NY
Programs: Bonvoy Titanium, UA Silver, HH G, IHG P, Hyatt P
Posts: 56
I forgot to mention I also had a BofA card opened a little over a year ago. So if we go back to the end of March when I applied for the CSP and Freedom I was already at 5/24 and still was approved for both. I was very surprised.
Another weird thing is that I had them move $8k of credit line to get them to approve my IHG card over the phone (I was told to call immediately when I applied). My Hyatt card app (applied the same day) said they would get back to me in 30 days and then it was auto approved....with $31k available credit. They seem stingy at times and way too generous at other times. This puts me at 6 cards opened since January with Chase (two with authorized users) and total available credit of $84k.
Another weird thing is that I had them move $8k of credit line to get them to approve my IHG card over the phone (I was told to call immediately when I applied). My Hyatt card app (applied the same day) said they would get back to me in 30 days and then it was auto approved....with $31k available credit. They seem stingy at times and way too generous at other times. This puts me at 6 cards opened since January with Chase (two with authorized users) and total available credit of $84k.
Last edited by ENycSea; Jun 20, 2016 at 2:53 pm
Jun 20, 2016, 10:55 pm
#544
Join Date: Jun 2000
Location: East Orange, NJ
Posts: 326
Another Data Point for the 5/24 rule
I don't know by exactly how much, but I'd say I've comfortably exceeded Chase's 5/24 rule in the last 2 years. I didn't even know it existed until I was denied for 2 credit cards (Chase Sapphire Preferred and Marriott Rewards) that I applied for within days of each other.
I was shocked, I'd never been turned down by Chase before...for dozens of Chase cards over the years, then I read about it. I wish I had known earlier...there were still a couple of Chase cards I really wanted!
But 24 months is too long to wait. I won't not apply for other bank's cards just to wait for Chase...
-mac
I was shocked, I'd never been turned down by Chase before...for dozens of Chase cards over the years, then I read about it. I wish I had known earlier...there were still a couple of Chase cards I really wanted!
But 24 months is too long to wait. I won't not apply for other bank's cards just to wait for Chase...
-mac
Jun 21, 2016, 12:38 am
#545
Join Date: Jul 2013
Programs: AA Executive Platinum, IHG Spire, Marriott Silver, Hyatt Platinum, HHonors Diamond
Posts: 308
And none of those 10 personal cards were from Amex?
Amex cards opened before March 15, 2015 don't count, because they don't show up on credit reports with their true open date (until then, Amex backdated the open date on credit reports to the very first Amex card you ever had).
Also, cards opened just a month or two earlier might not have shown up on credit reports yet. So were any of those 10 that recent?
Amex cards opened before March 15, 2015 don't count, because they don't show up on credit reports with their true open date (until then, Amex backdated the open date on credit reports to the very first Amex card you ever had).
Also, cards opened just a month or two earlier might not have shown up on credit reports yet. So were any of those 10 that recent?
Jun 21, 2016, 4:48 am
#546
Join Date: Feb 2003
Location: On strike
Posts: 8,135
I don't know by exactly how much, but I'd say I've comfortably exceeded Chase's 5/24 rule in the last 2 years. I didn't even know it existed until I was denied for 2 credit cards (Chase Sapphire Preferred and Marriott Rewards) that I applied for within days of each other.
Jun 21, 2016, 7:07 am
#547
Join Date: Jul 2014
Location: Austin, TX
Posts: 1,012
I forgot to mention I also had a BofA card opened a little over a year ago. So if we go back to the end of March when I applied for the CSP and Freedom I was already at 5/24 and still was approved for both. I was very surprised.
Another weird thing is that I had them move $8k of credit line to get them to approve my IHG card over the phone (I was told to call immediately when I applied). My Hyatt card app (applied the same day) said they would get back to me in 30 days and then it was auto approved....with $31k available credit. They seem stingy at times and way too generous at other times. This puts me at 6 cards opened since January with Chase (two with authorized users) and total available credit of $84k.
Another weird thing is that I had them move $8k of credit line to get them to approve my IHG card over the phone (I was told to call immediately when I applied). My Hyatt card app (applied the same day) said they would get back to me in 30 days and then it was auto approved....with $31k available credit. They seem stingy at times and way too generous at other times. This puts me at 6 cards opened since January with Chase (two with authorized users) and total available credit of $84k.
Jun 21, 2016, 9:39 am
#548
Join Date: Mar 2016
Location: New York, NY
Programs: Bonvoy Titanium, UA Silver, HH G, IHG P, Hyatt P
Posts: 56
I exceeded 5/24 rule on the CSP, Freedom, Hyatt, and IHG. Only the Hyatt and IHG are not subject to 5/24 yet. The 5/24 was the rule when I applied for the CSP and Freedom.
Jun 21, 2016, 11:49 am
#549
Join Date: May 2016
Posts: 12
Chase Hyatt
I was given the 30-days decision statement for an app on the Hyatt card about a week ago and haven't heard back yet. In the past, I have been instantly approved for Chase cards. Well above 5/24, so I'm a bit worried, but is the consensus that 5/24 is NOT affecting Hyatt yet? Should I give them a call?
Jun 21, 2016, 12:00 pm
#550
Suspended
Join Date: Sep 2014
Posts: 3,072
Hyatt isn't under 5/24. Best to wait it out.
Jun 21, 2016, 2:32 pm
#551
Join Date: Nov 2006
Location: RDU
Programs: Marriott Gold Elite, Hyatt Explorist, AA, Delta, Southwest CP, Citi Prestige, MLife Platinum
Posts: 103
Jun 21, 2016, 6:08 pm
#552
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,933
I was given the 30-days decision statement for an app on the Hyatt card about a week ago and haven't heard back yet. In the past, I have been instantly approved for Chase cards. Well above 5/24, so I'm a bit worried, but is the consensus that 5/24 is NOT affecting Hyatt yet? Should I give them a call?
Call the Auto line if you must.
Jun 21, 2016, 6:58 pm
#553
Join Date: Jun 2011
Posts: 794
apparently IHG is under the 5/24 rule now. I applied 3 weeks ago, got a letter saying that too many accounts opened. Called in, they cited the 5/24 rules. Applied for the Hyatt card after the phone call, today, got a call to confirm that I applied for the Hyatt card and immediately approved.
Jun 21, 2016, 8:58 pm
#554
Join Date: Feb 2003
Location: On strike
Posts: 8,135
Jun 21, 2016, 9:35 pm
#555
Join Date: Dec 2013
Posts: 506
Probably meaningless; lots of false positives with CSRs making [reasons] up. (See wiki at http://www.flyertalk.com/forum/chase...5-present.html.) As long as we continue to have reports of successful apps by 5+/24 applicants, we'll know that a given card is not subject to 5/24.