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]
Feb 11, 2016, 8:15 am
#1
Original Poster
Join Date: Mar 2015
Posts: 184
Chase "may" limit approvals (5/24) on co-branded cards [flame free speculation]
Via DOC
http://www.doctorofcredit.com/chase-...branded-cards/
it seems churning on Chase is going to come to an end.
http://www.doctorofcredit.com/chase-...branded-cards/
it seems churning on Chase is going to come to an end.
Last edited by spidy1; Feb 11, 2016 at 8:24 am
Feb 11, 2016, 8:43 am
#2
Join Date: Sep 2013
Location: AUS
Programs: Hilton HHonors Gold
Posts: 66
This is huge shift as Chase's portfolio represents so many schemes: IHG, Marriott, United, BA, Southwest, Hyatt.
I see at least the number of companion passes to significantly decrease as people won't be able to get the two WN cards every year.
I see at least the number of companion passes to significantly decrease as people won't be able to get the two WN cards every year.
Feb 11, 2016, 9:49 am
#3
Join Date: Sep 2013
Location: SMF
Posts: 1,251
This is not good at all. I already have CP for this year from earning it last year. Maybe I'll go ahead and try to get it one last time.
Feb 11, 2016, 9:49 am
#4
Join Date: Dec 2011
Location: Bay area, CA
Programs: SW, AS, UA, AA, Delta, Hilton, Hyatt, Club Carlson, SPG, IHG, Choice
Posts: 183
I had ink plus in 2014.. Received bonus in April. Closed card last year before AF hit.
To avoid upcoming 5/24 rule and to get bonus again, if I apply for Ink card in March of this year but do not complete min spend till June (so bonus is awarded in June), do I get bonus or do I need to wait till May/June (24 mo after receiving first bonus)?
To avoid upcoming 5/24 rule and to get bonus again, if I apply for Ink card in March of this year but do not complete min spend till June (so bonus is awarded in June), do I get bonus or do I need to wait till May/June (24 mo after receiving first bonus)?
Feb 11, 2016, 10:14 am
#5
Join Date: Sep 2015
Location: SFO
Posts: 3,881
Surprised Chase didn't implement the rule sooner or less friendly.
Feb 11, 2016, 10:42 am
#6
Join Date: Sep 2012
Posts: 586
It's not real surprising but I bet they loosen this rule as time goes on. Give it a year for people to close their cards when the AF comes up and then they can't sign back up because of the 5/24 rule. Or they go the route AMEX is trying and loosening their rules on people that are targeted for offers.
People will consolidate to the best available cash back card if loyalty program bonuses are eliminated (through rule changes) or earning rates drop. I don't believe Chase does very well in that realm right now.
People will consolidate to the best available cash back card if loyalty program bonuses are eliminated (through rule changes) or earning rates drop. I don't believe Chase does very well in that realm right now.
Feb 11, 2016, 10:52 am
#8
Moderator: Southwest Airlines, Capital One
Join Date: Sep 1999
Location: California
Programs: WN Companion Pass, A-list preferred, Hyatt Globalist; United Club Lietime (sic) Member
Posts: 21,624
I would have been barely affected by a 5/12 rule, but this one will bite even moderate churners. This change makes it easier to decide to stop Chasing signup bonuses and spend that time on other pursuits.
According to comments on the DOC site, this change may have begun already.
According to comments on the DOC site, this change may have begun already.
Feb 11, 2016, 11:34 am
#9
Original Poster
Join Date: Mar 2015
Posts: 184
I am sure most of the FT'ers will not be able get any of the Chase cards bonuses ever.
Feb 11, 2016, 12:10 pm
#10
Join Date: Sep 2005
Location: LAX
Programs: UA/AA
Posts: 1,741
I guess the good news is that award space should become somewhat easier to find.
Feb 11, 2016, 12:11 pm
#11
Join Date: Jul 2013
Posts: 71
I guess I'll be focusing more on Citi, BoA, Amex, and the rest. I don't see myself cutting back to only 5 cards every 24 months.
Depending on whether the rule is already in effect or not, I'll hit them up for one more SW card in an effort to get another CP. Mine is good through 2016, but there's no way I'll get one next year with this rule (unless I want to do a lot of reselling).
Depending on whether the rule is already in effect or not, I'll hit them up for one more SW card in an effort to get another CP. Mine is good through 2016, but there's no way I'll get one next year with this rule (unless I want to do a lot of reselling).
Feb 11, 2016, 12:19 pm
#13
Join Date: Nov 2006
Programs: Marriott Platinum, Hilton Diamond, IHG Platinum
Posts: 3,719
Feb 11, 2016, 12:23 pm
#14
Original Poster
Join Date: Mar 2015
Posts: 184
I guess I'll be focusing more on Citi, BoA, Amex, and the rest. I don't see myself cutting back to only 5 cards every 24 months.
Depending on whether the rule is already in effect or not, I'll hit them up for one more SW card in an effort to get another CP. Mine is good through 2016, but there's no way I'll get one next year with this rule (unless I want to do a lot of reselling).
Depending on whether the rule is already in effect or not, I'll hit them up for one more SW card in an effort to get another CP. Mine is good through 2016, but there's no way I'll get one next year with this rule (unless I want to do a lot of reselling).
Feb 11, 2016, 12:45 pm
#15
Join Date: Nov 2006
Programs: Marriott Platinum, Hilton Diamond, IHG Platinum
Posts: 3,719
The future doesn't look bright.
Having said that, hopefully new opportunities will come along. We'll have to adapt.