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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?
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.
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.
@Creditrecipe wrote:But if I was to get approved for 5 other cards do you think they would go back and deny the card?
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.
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.
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.
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.
Thanks
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |