Author Topic: Chase 5/24 rule  (Read 30628 times)

Offline Freecountry

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Chase 5/24 rule
« on: May 17, 2017, 10:46:44 PM »
Do business cards get counted as part of 5/24? And are they effected by 5/24? One more question do charge cards get counted as part of 5/24?

Offline TimT

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Re: Chase 5/24 rule
« Reply #1 on: May 17, 2017, 10:49:54 PM »
If its on your report it counts.

Offline Freecountry

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Re: Chase 5/24 rule
« Reply #2 on: May 17, 2017, 10:57:56 PM »
Thanks

Offline jds

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Re: Chase 5/24 rule
« Reply #3 on: June 30, 2017, 02:34:11 PM »
If you downgrading a card, for example sapphire preferred to freedom, does the freedom count as 1 of 5 for 5/24?

Offline ben89

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Re: Chase 5/24 rule
« Reply #4 on: June 30, 2017, 02:36:32 PM »
If you downgrading a card, for example sapphire preferred to freedom, does the freedom count as 1 of 5 for 5/24?
dont think so

Offline chinagel

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Re: Chase 5/24 rule
« Reply #5 on: June 30, 2017, 02:36:48 PM »
If you downgrading a card, for example sapphire preferred to freedom, does the freedom count as 1 of 5 for 5/24?
no

Offline Emgee

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Re: Chase 5/24 rule
« Reply #6 on: June 20, 2018, 12:49:40 PM »
Has anyone else noticed it is almost impossible to be approved for more than one card if your at 4/24. Back when this rule was implemented i was able to get 3 even 4 approvals at 4/24

Offline LoLo

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Re: Chase 5/24 rule
« Reply #7 on: June 20, 2018, 12:55:25 PM »
Has anyone else noticed it is almost impossible to be approved for more than one card if your at 4/24. Back when this rule was implemented i was able to get 3 even 4 approvals at 4/24
-2

Just did a SP and IP, at 4/24, both approved without recon.

Offline Emgee

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Re: Chase 5/24 rule
« Reply #8 on: June 20, 2018, 12:59:57 PM »
-2

Just did a SP and IP, at 4/24, both approved without recon.
Thanks for the Data point. Maybe it only applies when you do recon. As was the case with  afew people i helped apply.

Offline S123

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Re: Chase 5/24 rule
« Reply #9 on: June 20, 2018, 02:11:08 PM »
-2

Just did a SP and IP, at 4/24, both approved without recon.

thats a business card so might be different then doing two personal

Offline Emgee

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Re: Chase 5/24 rule
« Reply #10 on: June 20, 2018, 02:22:26 PM »
thats a business card so might be different then doing two personal
I also tried a few business.

Offline yoizel620

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Re: Chase 5/24 rule
« Reply #11 on: June 21, 2018, 11:22:01 AM »
I'm looking to sign up for 10 business cards. I need one for each separate business. Would this be possible if they were all under my name?

Offline elimmm

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Re: Chase 5/24 rule
« Reply #12 on: June 21, 2018, 06:19:24 PM »
I'm looking to sign up for 10 business cards. I need one for each separate business. Would this be possible if they were all under my name?

welcome to the forums, yoizel from texas!! good luck w all 10 businesses. you might wanna provide details: do u have ein numbers for them? which bank/banks are you applying for.....

Online Yitz

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Re: Chase 5/24 rule
« Reply #13 on: June 21, 2018, 07:45:16 PM »
Be carefull with Chase they close accounts with out giving you any notice and they do not give a reason. I have been banking with Chase for over 30 years.

Offline noturbizniss

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Re: Chase 5/24 rule
« Reply #14 on: June 24, 2018, 07:19:49 AM »
Be carefull with Chase they close accounts with out giving you any notice and they do not give a reason. I have been banking with Chase for over 30 years.
Can u think of any reason they would have shut you down?
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Re: Chase 5/24 rule
« Reply #15 on: June 24, 2018, 08:55:19 AM »
Can u think of any reason they would have shut you down?
Chase does not give a reason the bank manager thinks that it might be because I paid the CC with 3rd Party checks. I spoke to different banks and they do not think that would be the reason.

Offline noturbizniss

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Re: Chase 5/24 rule
« Reply #16 on: June 24, 2018, 08:57:03 AM »
Chase does not give a reason the bank manager thinks that it might be because I paid the CC with 3rd Party checks. I spoke to different banks and they do not think that would be the reason.
I know they dknt, but wondering if you have any ideas. Anything else you can think of? Other cc close with high balance?
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Online Yitz

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Re: Chase 5/24 rule
« Reply #17 on: June 24, 2018, 09:02:56 AM »
I know they dknt, but wondering if you have any ideas. Anything else you can think of? Other cc close with high balance?
I used the card alot, I could of done 50k+ a month. I also spoke to 2 accountants and they do not believe that 3rd party checks is the issue.
So I do not have a answer. I just think that people should not rely on Chase for the points as they shut you down without any notice.

Offline noturbizniss

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Re: Chase 5/24 rule
« Reply #18 on: June 24, 2018, 09:42:11 AM »
I used the card alot, I could of done 50k+ a month. I also spoke to 2 accountants and they do not believe that 3rd party checks is the issue.
So I do not have a answer. I just think that people should not rely on Chase for the points as they shut you down without any notice.
2 accountants?
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Offline mmgfarb

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Chase 5/24 rule
« Reply #19 on: June 24, 2018, 09:44:13 AM »
I used the card alot, I could of done 50k+ a month. I also spoke to 2 accountants and they do not believe that 3rd party checks is the issue.
So I do not have a answer. I just think that people should not rely on Chase for the points as they shut you down without any notice.
It was the third party checks. Or at the very least, it was a a combination of the high spend and third party checks.
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