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Chase 5/24 is now 2/24??

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MyLoFICO
Valued Contributor

Re: Chase 5/24 is now 2/24??

I didn't even apply and got denied for too many new accounts. Chase called me and said "Just incase you were thinking of applying, you are already denied. Too many new accounts. Sucks to be you!" and hung up. No HP though, so I have that going for me.  Smiley Tongue


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 11 of 48
Sharingan
Established Contributor

Re: Chase 5/24 is now 2/24??

Chase may decline most applicants with 5 or more new accounts in the past 24 months for certain products, but they never stated that they won't decline others for less in 24, 12, or even 6 months. This doesn't mean that sweeping new underwriting criteria has has been implemented as there has always been an individual factor considered when assessing an applicant's credit. That is why one may be denied for too many inquiries while another is instantly approved for the same product despite having even more inquiries. Rumors are just that, rumors.


Message 12 of 48
DoroLucky
Valued Contributor

Re: Chase 5/24 is now 2/24??

Well I am on the phone with a Chase "supervisor" now and she's saying she's NEVER heard of the 5/24 rule Smiley SurprisedLOL. She placed me on hold to research...I hope she don't SP me and see I'm at 19/24Smiley LOLSmiley LOL

 

Welp she came back and flat out DENIED any rule exist including 5/24Smiley FrustratedSmiley Frustrated

 

Before I was involuntarily transferred to her, the rep before me said it was 8/24 not 5 Smiley Very Happy

TCL= $172,800
6-7-16: EQ 683 EX 713 TU 715
10-12-16 EQ 685 EX 706 TU 702 12-19-16 EQ 683 EX 704 TU 701 and CHILLING ON ICE...BRRRRR!
In the garden as of 6-7-16, I've been really really BADDDDD Smiley Sad Smiley Sad

Message 13 of 48
wachme
Contributor

Re: Chase 5/24 is now 2/24??

There aren't any concrete datapoints that would suggest they all of sudden went from 5/24 to 2/24. That seems highly unlikely and would basically relegate Chase to offering cards to college students and/or those without established credit. Makes no sense.
Message 14 of 48
DoroLucky
Valued Contributor

Re: Chase 5/24 is now 2/24??


@wachme wrote:
There aren't any concrete datapoints that would suggest they all of sudden went from 5/24 to 2/24. That seems highly unlikely and would basically relegate Chase to offering cards to college students and/or those without established credit. Makes no sense.

and you're absolutely correct! 

 

 

BTW, did you purposely color coordinate your cards?? Smiley Very Happy

TCL= $172,800
6-7-16: EQ 683 EX 713 TU 715
10-12-16 EQ 685 EX 706 TU 702 12-19-16 EQ 683 EX 704 TU 701 and CHILLING ON ICE...BRRRRR!
In the garden as of 6-7-16, I've been really really BADDDDD Smiley Sad Smiley Sad

Message 15 of 48
MyLoFICO
Valued Contributor

Re: Chase 5/24 is now 2/24??

I'm gonna call and demand to know all about their 24 rule. I'll tell them my name is Jack Bauer, I have my own 24 rule!


Experian: 677 (28) | TransUnion: 697 (27) | Equifax: 684 (6)
Gardening as of: 1-23-2018
Updated 1-25-18
Message 16 of 48
wachme
Contributor

Re: Chase 5/24 is now 2/24??


@DoroLucky wrote:

@wachme wrote:
There aren't any concrete datapoints that would suggest they all of sudden went from 5/24 to 2/24. That seems highly unlikely and would basically relegate Chase to offering cards to college students and/or those without established credit. Makes no sense.

and you're absolutely correct! 

 

 

BTW, did you purposely color coordinate your cards?? Smiley Very Happy




 

Lol, no but now that I look at it, it seems way to heavy on the blues. I need some more black and gold cards, maybe even purple ( SPG, I'm looking at you Smiley Wink )

 

They're listed from highest spending power to lowest.

Message 17 of 48
Anonymous
Not applicable

Re: Chase 5/24 is now 2/24??


@wachme wrote:
There aren't any concrete datapoints that would suggest they all of sudden went from 5/24 to 2/24. That seems highly unlikely and would basically relegate Chase to offering cards to college students and/or those without established credit. Makes no sense.

Exactly. Smiley Happy

Message 18 of 48
DoroLucky
Valued Contributor

Re: Chase 5/24 is now 2/24??


@wachme wrote:

@DoroLucky wrote:

@wachme wrote:
There aren't any concrete datapoints that would suggest they all of sudden went from 5/24 to 2/24. That seems highly unlikely and would basically relegate Chase to offering cards to college students and/or those without established credit. Makes no sense.

and you're absolutely correct! 

 

 

BTW, did you purposely color coordinate your cards?? Smiley Very Happy




 

Lol, no but now that I look at it, it seems way to heavy on the blues. I need some more black and gold cards, maybe even purple ( SPG, I'm looking at you Smiley Wink )

 

They're listed from highest spending power to lowest.


Well it's very very cute. I took mine out my sig but I have multiple colors and it's on purposeSmiley Very Happy

TCL= $172,800
6-7-16: EQ 683 EX 713 TU 715
10-12-16 EQ 685 EX 706 TU 702 12-19-16 EQ 683 EX 704 TU 701 and CHILLING ON ICE...BRRRRR!
In the garden as of 6-7-16, I've been really really BADDDDD Smiley Sad Smiley Sad

Message 19 of 48
DoroLucky
Valued Contributor

Re: Chase 5/24 is now 2/24??


@MyLoFICO wrote:

I'm gonna call and demand to know all about their 24 rule. I'll tell them my name is Jack Bauer, I have my own 24 rule!


They will ask for your Chase acct number...I should have told them I'm not a customer but I hate petty lying LOL 

TCL= $172,800
6-7-16: EQ 683 EX 713 TU 715
10-12-16 EQ 685 EX 706 TU 702 12-19-16 EQ 683 EX 704 TU 701 and CHILLING ON ICE...BRRRRR!
In the garden as of 6-7-16, I've been really really BADDDDD Smiley Sad Smiley Sad

Message 20 of 48
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