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5/24 Chase App Spree

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Creditrecipe
New Contributor

5/24 Chase App Spree

If I was going to do an app spree and wanted to apply for Chase should I apply for them first so they do not see the new inquiries and possibly deny based on the fact that I may have more than 5 new cards this month? Has anyone done a recent app spree and included chase?

18 REPLIES 18
Discover2016
Valued Contributor

Re: 5/24 Chase App Spree

Chase has been known to monitor your CR's with sp's DAILY for about a week or so if I remember correctly after you apply, somebody on here had their new Chase cards closed before they even got them because of many inquiries after the Chase inquiries. However, Chase doesn't use inquiries in the 5/24 calculations. Just don't too bananas in your spree.Woman Very Happy

Gardening until September 2025
Next app: Mortgage in September 2025
Message 2 of 19
Creditrecipe
New Contributor

Re: 5/24 Chase App Spree

But if I was to get approved for 5 other cards do you think they would go back and deny the card?

Message 3 of 19
driftless
Valued Contributor

Re: 5/24 Chase App Spree


@Creditrecipe wrote:

But if I was to get approved for 5 other cards do you think they would go back and deny the card?


Yes. I would apply to Chase or do an app spree but not both. Pick one.
CSR | Amex Platinum | EDP | QS (2)
Amex Blue Business Plus
Message 4 of 19
MyLoFICO
Valued Contributor

Re: 5/24 Chase App Spree

App Chase first. There are threads here where people are finding the new 2/24 rule is in place. App them, get their cards in hand, then do the rest of your spree. Best of both worlds.


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 5 of 19
Anonymous
Not applicable

Re: 5/24 Chase App Spree

I'd pickup two Chase cards.  Grab them while you can.

 

On that note, how long should he wait before applying for anymore cards? to not be in fear of Chase closing his accounts.

Message 6 of 19
MyLoFICO
Valued Contributor

Re: 5/24 Chase App Spree

Good question. It will take someone with more experience than me to take a stab at that question. I only have 1 Chase card and i got it after I was 22/24. No, that isn't a typo.


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 7 of 19
MyLoFICO
Valued Contributor

Re: 5/24 Chase App Spree

One thing I think we can all agree on is to not app anything without a solid plan of attack. There are no do-overs. 


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 8 of 19
Creditrecipe
New Contributor

Re: 5/24 Chase App Spree

Thanks

Message 9 of 19
RonM21
Valued Contributor

Re: 5/24 Chase App Spree

Chase can be very sensitive at times. The prior posts are all correct, pretty much adding up to the thought of being careful how you tread with them.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 10 of 19
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