I am CPC, and way over 5/24. Wasn't pre approved in branch. Applied online, and initially got declined due to too many account opened within the last 2 years.
Got the app. reconsidered and it's being sent to the higher department for review and verification. Was told it can take up to 30 days to get a response.
Asked the rep. about reallocating credit, and initially he said that I'd be able to do that without having to wait for an approval.
When he tried it, he said that, that also needs to go verification.
Not really sure what it all means, but definitely better then decline.