Author Topic: Chase 5/24 rule (Read 29938 times)

ruv · « **Reply #40 on:** July 17, 2018, 12:10:36 AM »

Read this:
https://www.dansdeals.com/credit-cards/on-the-topic-of-chase-524-additional-user-cards/

ruv · « **Reply #41 on:** August 15, 2018, 05:31:45 PM »

DP: I’m at 4/24, but have a store card (amazon prime card).

I applied for CIP in-branch and got instant approval. Then applied for CIU on my computer and got AUTOMATIC approval after 2 days. I thought I’ll have to call and explain that 1 Card is a store card but that wasn’t the case. Is this new?

S123 · « **Reply #42 on:** August 15, 2018, 05:42:59 PM »

Quote from: ruv on August 15, 2018, 05:31:45 PM

DP: I’m at 4/24, but have a store card (amazon prime card).

I applied for CIP in-branch and got instant approval. Then applied for CIU on my computer and got AUTOMATIC approval after 2 days. I thought I’ll have to call and explain that 1 Card is a store card but that wasn’t the case. Is this new?

business cards don’t add to 5/24

ruv · « **Reply #43 on:** August 15, 2018, 05:44:15 PM »

Read again. The store card is the 5th, so I was at 5/24 before first app.

davidrotts63 · « **Reply #44 on:** August 15, 2018, 07:14:04 PM »

Quote from: ruv on August 15, 2018, 05:31:45 PM

DP: I’m at 4/24, but have a store card (amazon prime card).

I applied for CIP in-branch and got instant approval. Then applied for CIU on my computer and got AUTOMATIC approval after 2 days. I thought I’ll have to call and explain that 1 Card is a store card but that wasn’t the case. Is this new?

Recount your cards.

S123 · « **Reply #45 on:** August 15, 2018, 07:16:31 PM »

Quote from: davidrotts63 on August 15, 2018, 07:14:04 PM

Recount your cards.

+1

ruv · « **Reply #46 on:** August 15, 2018, 07:27:40 PM »

Done.

Personal cards that I opened in the last 2 years:
(1) United explorer - 08/2017
(2) Delta gold - 08/2017
(3) Capital one platinum - 10/2017
(4) barclays apple - 01/2018
(5) Amazon prime store card - 05/2017

JACKBLUE · « **Reply #47 on:** August 15, 2018, 07:30:26 PM »

Quote from: ruv on August 15, 2018, 07:27:40 PM

Done.

Personal cards that I opened in the last 2 years:
(1) United explorer - 08/2017
(2) Delta gold - 08/2017
(3) Capital one platinum - 10/2017
(4) barclays apple - 01/2018
(5) Amazon prime store card - 05/2017

Barclays apple is a CC or a loan?

ruv · « **Reply #48 on:** August 15, 2018, 07:35:52 PM »

Great question. Applied when I purchased something on apple and wanted to finance it, but the card is a credit card (0 intro APR for apple) and works everywhere and has a credit limit.

davidrotts63 · « **Reply #49 on:** August 15, 2018, 07:44:29 PM »

Quote from: ruv on August 15, 2018, 07:35:52 PM

Great question. Applied when I purchased something on apple and wanted to finance it, but the card is a credit card (0 intro APR for apple) and works everywhere and has a credit limit.

Look at your credit report. Are any if them business cards?

ruv · « **Reply #50 on:** August 15, 2018, 07:45:42 PM »

Nope, they’re all listed on my credit report.

ruv · « **Reply #51 on:** August 15, 2018, 08:28:59 PM »

Maybe it’s this one: The first app was at BRM which is known to bypass 5/24, (though it wasn’t a paper app). Second was from a mailer I got with a code.

yitzgar · « **Reply #52 on:** August 15, 2018, 09:31:30 PM »

Quote from: davidrotts63 on August 15, 2018, 07:14:04 PM

Recount your cards.

Is it so shocking that an app slipped through?

JACKBLUE · « **Reply #53 on:** August 15, 2018, 11:32:06 PM »

Quote from: yitzgar on August 15, 2018, 09:31:30 PM

Is it so shocking that an app slipped through?

Yes Very

EandN · « **Reply #54 on:** October 14, 2018, 02:25:42 AM »

If I downgrade my sapphire preferrred to a freedom unlimited, will that count as a new card for 5/24? Thanks

Yhgfkj · « **Reply #55 on:** October 14, 2018, 03:05:31 AM »

Quote from: EandN on October 14, 2018, 02:25:42 AM

If I downgrade my sapphire preferrred to a freedom unlimited, will that count as a new card for 5/24? Thanks

no

Yammer · « **Reply #56 on:** October 14, 2018, 04:49:48 AM »

Quote from: EandN on October 14, 2018, 02:25:42 AM

If I downgrade my sapphire preferrred to a freedom unlimited, will that count as a new card for 5/24? Thanks

First page on this thread.

Quote from: jds 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?

Quote from: chinagel on June 30, 2017, 02:36:48 PM

no

EandN · « **Reply #57 on:** October 14, 2018, 07:40:35 PM »

thanks

Dzla2 · « **Reply #58 on:** October 15, 2018, 02:12:48 PM »

If anyone can help I would really appreciate it.

I applied for a Sapphire Preferred and World of Hyatt card within the same hour. I did a second application for the World of Hyatt card, after getting aproved, because I forgot to do it from a separate browser than the one I had signed up for Preferred on.
I was told to do the applications for both cards from separate browsers to increase my chances of the account not getting shut down.
I received the Preferred in the mail but without any notice the Hyatt card was closed on me.
I called the regular Chase number and they were no help
so I called the Reconsideration line and they told me that there was a second application for the same card (which is what i had done for the hyatt card) and for that and other reasons the account was closed and couldnt be reopened. I then explained that if my credit score is unworthy fro these cards why let me keep the Preferred? I am clearly in good enough credit standing for the cards it was just a mistaken second application, but they said they werent going to do anything.

A few days later I tried calling some executive line and explained the whole thing over to them and they told me they were going to look into it.

Does anyone have any advice?

ruv · « **Reply #59 on:** October 15, 2018, 02:44:19 PM »

First of all, The 2 browser idea to prevent shutdown is BS AFAIK.

Second, wrong thread.

Third, what made you think that another app for an approved card will prevent shutdown? Now, in fact you increased your shutdown chances, and not only for the hyatt card.

Forth, I would advise you to move on in order to prevent further shutdowns, and if you do not follow my advice, please at least try to prevent it by not talking so much and asking why your other card wasn't shutdown, do you really want to make them think that you may be right with this?