Chase 5/24 Rule Question?

[Anonymous]

Hey guys! So I have been deciding over the past few days about applying for the Chase Sapphire Preferred card to get the 50,000 UR points with the sign-up bonus. 

There is only one problem: I feel like I may be in violation of the 5/24 rule. From my understanding, you can not have 5 credit card accounts opened up in the past 2 years. 

However, does the 5/24 rule apply to closed accounts? I have an AMEX PRG that I closed about a year ago. 

Here is a picture of my Experian report via Credit Karma: 

http://i63.tinypic.com/wrieyr.png

[redpat]

It apply's to closed cards.

[Anonymous]

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@Anonymous wrote:

Hey guys! So I have been deciding over the past few days about applying for the Chase Sapphire Preferred card to get the 50,000 UR points with the sign-up bonus. 

There is only one problem: I feel like I may be in violation of the 5/24 rule. From my understanding, you can not have 5 credit card accounts opened up in the past 2 years. 

However, does the 5/24 rule apply to closed accounts? I have an AMEX PRG that I closed about a year ago. 

Here is a picture of my Experian report via Credit Karma: 

http://i63.tinypic.com/wrieyr.png

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Any credit card account, closed or not, counts

[Anonymous]

So taking it from that, I could apply for the CSP on the precise date of Dec 4 and it should be fine? 

[Anonymous]

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@Anonymous wrote:

So taking it from that, I could apply for the CSP on the precise date of Dec 4 and it should be fine? 

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correct, or you can go into the branch and see if you are pre approved for it and you should be able to by pass the 5/24 rule

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

So taking it from that, I could apply for the CSP on the precise date of Dec 4 and it should be fine? 

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correct, or you can go into the branch and see if you are pre approved for it and you should be able to by pass the 5/24 rule

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YES going to the branch is your best option if you are at or over 5/24. I'm over 5/24 and went my local branch to see if I was pre-approved for the CSR. I unfortunately was not pre-approved for the CSR but I was pre-approved for the CSP and the Slate. I decided not to.apply.... I'm waiting to close on a home (hopefully next week) and then will go for one of these cards.

[Anonymous]

Def don't apply if you're at 5/24. Just wait I don't see them taking the 50K offer away anytime soon.