Chase 5/24 Rule now applies to business cards (?)

[mochjas]

A relative got the 30 day message on the ink. She is exactly at 5/24. Is the consensus that she should wait until she gets a denial in the mail to call up or should she call up right away?

[Buruch]

A relative got the 30 day message on the ink. She is exactly at 5/24. Is the consensus that she should wait until she gets a denial in the mail to call up or should she call up right away?

Wait

[daybyday]

Just keep in mind Business credit cards dont count towards the 5/24 rule. If one has the option of opening business credit card instead of a personal credit card it is probably a good idea.

That's assuming it's a equal credit card offer, and assuming one has the ability to open business credit cards.

[mochjas]

Just keep in mind Business credit cards dont count towards the 5/24 rule. If one has the option of opening business credit card instead of a personal credit card it is probably a good idea.

That's assuming it's a equal credit card offer, and assuming one has the ability to open business credit cards.

welcome to the forums! I'm pretty sure everyone here knows this already though. And is still way over

[daybyday]

welcome to the forums! I'm pretty sure everyone here knows this already though. And is still way over

Thanks
Figured ill mention it, because its pretty confusing with the recent changes. From my understanding opening a business credit card does seem to have the 5/24 rule applied to it, but business cards don't factor into the 5/24 as far as how many cards have been opened.

[JTZ]

welcome to the forums! I'm pretty sure everyone here knows this already though.

I know for a fact everyone here does not know this.

[yochiek93]

Just keep in mind Business credit cards dont count towards the 5/24 rule. If one has the option of opening business credit card instead of a personal credit card it is probably a good idea.

That's assuming it's a equal credit card offer, and assuming one has the ability to open business credit cards.

Btw some business cards are reported (i.e. cap1)

[daybyday]

Btw some business cards are reported (i.e. cap1)

Good to know, thanks.. one more reason not to use capital one...

[doctorofcredit]

Just keep in mind Business credit cards dont count towards the 5/24 rule. If one has the option of opening business credit card instead of a personal credit card it is probably a good idea.

That's assuming it's a equal credit card offer, and assuming one has the ability to open business credit cards.

Actually, that depends if the business card reports on your credit report or not. Chase business cards count, even though they don't report to personal credit reports.

Capital One does report, Discover reports.

[Yhgfkj]

looking to apply for 2 chase cards that are not yet under the 5/24 gzira
which of the following are the most valuable to sigh up,

British
Hyatt
IHG
Fairmont
Ritz

[Hershelsdeals]

looking to apply for 2 chase cards that are not yet under the 5/24 gzira
which of the following are the most valuable to sigh up,

British
Hyatt
IHG
Fairmont
Ritz

BA, the second option is debatable

[mochjas]

BA, the second option is debatable

ritz for the second

[Yhgfkj]

BA, the second option is debatable

thanks
my main Q` is on the hotels cards, as actually it doesn't look that ill too soon sty in any hotel
so which one could I take out the most value other ways  ?   

[yuguy]

thanks
my main Q` is on the hotels cards, as actually it doesn't look that ill too soon sty in any hotel
so which one could I take out the most value other ways  ?   

Certificates from ritz and Hyatt will expire a year after earning them. So if you have no use, you can sell on the buy/sell thread.

The IHG card, though bonus isn't as lucrative, is a points sign up which won't expire as quickly (or can be extended relatively easily.

[Zalc]

Certificates from ritz and Hyatt will expire a year after earning them. So if you have no use, you can sell on the buy/sell thread.

The IHG card, though bonus isn't as lucrative, is a points sign up which won't expire as quickly (or can be extended relatively easily.

The IHG card is also basically free in the long term, as the card costs $50 and the annual nights seem to be selling at ~$150 around here.

[maxie m]

Was somebody approved for ritz? If so I must have missed it. I just included it because of the Marriott connection. My source didn't specifically mention Ritz, so it might not have it applied.

just got my approval on the ritz

[LoLo]

just got my approval on the ritz

When did you apply?

[maxie m]

When did you apply?

may 26
Basically responding to this. 

wasn't approved as of yet called recon and was told that they can't expedite a response as it was sent to a back end team,wasn't denied because of 5/24, ime its a good sign, I'll post any updates

[mochjas]

A relative got the 30 day message on the ink. She is exactly at 5/24. Is the consensus that she should wait until she gets a denial in the mail to call up or should she call up right away?

update she let it sit, called up the automated system today and they said congratulations you have been approved!

[JTZ]

update she let it sit, called up the automated system today and they said congratulations you have been approved!

I don't think this rule is set in stone.