topic Re: Amazon rewards visa 5/24? in Credit Card Applications

Amazon rewards visa 5/24?

Anonymous — Sat, 22 Dec 2018 04:43:45 GMT

Is Amazon reward visa card is on 5/24 rules? Does anyone have been approve for amazon visa with five or more cards?

Re: Amazon rewards visa 5/24?

Anonymous — Sat, 22 Dec 2018 05:08:00 GMT

Current DPs seem to suggest that Amazon isn’t part of 5/24 but the general consensus is that it will be soon. Chase seems to be rolling it out to all of their cards.

Re: Amazon rewards visa 5/24?

Anonymous — Sat, 22 Dec 2018 05:22:56 GMT

Hi,

I applied and got an Amazon Prime and Amazon Visa card after having opened five other cards in the same year: three were revolving credit and two were retail cards. I was approved for both Amazon cards in October. $1500 limit for the Visa and $1200 for the store card. I had tried a couple other times this year as well only to be denied. I am in building mode and had no idea about the 5/24 rule until recently. Hope this helps.

Re: Amazon rewards visa 5/24?

patoot10 — Sat, 22 Dec 2018 05:45:59 GMT

I think as of mid-November all cards issued by Chase are subject to 5/24 even starbucks lol.

Proceed at your own risk.

Re: Amazon rewards visa 5/24?

Andypanda — Wed, 04 Dec 2019 01:43:29 GMT

I believe it is. But I read somewhere (i can find the lonk if interested) thta pure store cards like a target red card do not count towards the 5/24.

edit; never mind, I was wrong about this

Re: Amazon rewards visa 5/24?

Anonymous — Sat, 22 Dec 2018 19:53:58 GMT

I had 5 cards, one of the cards Iam a authorize user. I canceled the authorize user card today.

I plan to apply for amazon visa on Dec28 ,

Does it will make any difference when I apply? does the canceled card count on 5/24 ?

Re: Amazon rewards visa 5/24?

CreditCuriosity — Sun, 23 Dec 2018 00:33:58 GMT

think all chase cards are under the 5/24 rule now although amazon havent seen any dp's on personally.

Re: Amazon rewards visa 5/24?

kdm31091 — Mon, 24 Dec 2018 20:29:21 GMT

I haven't seen any concrete data about the Amazon card but every other Chase card has been put under 5/24. I doubt they would exclude only one card at this point. So I would assume it's under 5/24.

Re: Amazon rewards visa 5/24?

blindambition — Mon, 24 Dec 2018 20:46:17 GMT

@kdm31091 wrote:
I haven't seen any concrete data about the Amazon card but every other Chase card has been put under 5/24. I doubt they would exclude only one card at this point. So I would assume it's under 5/24.

I tend to agree with this. Although, Amazon wields a huge sword. Mr. Bezos may not appreciate customers not getting credit with a lil rule like 5/24.

Re: Amazon rewards visa 5/24?

kdm31091 — Mon, 24 Dec 2018 21:50:42 GMT

@blindambition wrote:
@kdm31091 wrote:
I haven't seen any concrete data about the Amazon card but every other Chase card has been put under 5/24. I doubt they would exclude only one card at this point. So I would assume it's under 5/24.
I tend to agree with this. Although, Amazon wields a huge sword. Mr. Bezos may not appreciate customers not getting credit with a lil rule like 5/24.

As has been debated many times on this forum whenever 5/24 is discussed, I think generally it impacts far fewer general consumers than we act like it does. Most people do not apply for many cards, and those who do have been obviously judged by Chase to be unprofitable. If Chase presented their analysts on this to the various cobrand partners, I doubt the partners would argue, and ultimately Chase is the one who backs the card.

Most people who want an Amazon card in the general population won't be excluded for 5/24. Yes it sucks for us who chase after rewards but we aren't the ideal customer and we are largely unprofitable so I doubt Chase or Amazon cares.

Re: Amazon rewards visa 5/24?

Anonymous — Wed, 26 Dec 2018 19:20:58 GMT

@kdm31091 wrote:
@blindambition wrote:
@kdm31091 wrote:
I haven't seen any concrete data about the Amazon card but every other Chase card has been put under 5/24. I doubt they would exclude only one card at this point. So I would assume it's under 5/24.
I tend to agree with this. Although, Amazon wields a huge sword. Mr. Bezos may not appreciate customers not getting credit with a lil rule like 5/24.
As has been debated many times on this forum whenever 5/24 is discussed, I think generally it impacts far fewer general consumers than we act like it does. Most people do not apply for many cards, and those who do have been obviously judged by Chase to be unprofitable. If Chase presented their analysts on this to the various cobrand partners, I doubt the partners would argue, and ultimately Chase is the one who backs the card.

Most people who want an Amazon card in the general population won't be excluded for 5/24. Yes it sucks for us who chase after rewards but we aren't the ideal customer and we are largely unprofitable so I doubt Chase or Amazon cares.

Very well said. 5 credit cards in a span of 2 years is very unlikely for your "average" consumer. Most people I know that aren't "into" credit cards barely have 1-2 cards overall, let alone 5 in 2 years lol.

Re: Amazon rewards visa 5/24?

kdm31091 — Thu, 27 Dec 2018 03:21:28 GMT

@Anonymous wrote:
@kdm31091 wrote:
@blindambition wrote:
@kdm31091 wrote:
I haven't seen any concrete data about the Amazon card but every other Chase card has been put under 5/24. I doubt they would exclude only one card at this point. So I would assume it's under 5/24.
I tend to agree with this. Although, Amazon wields a huge sword. Mr. Bezos may not appreciate customers not getting credit with a lil rule like 5/24.
As has been debated many times on this forum whenever 5/24 is discussed, I think generally it impacts far fewer general consumers than we act like it does. Most people do not apply for many cards, and those who do have been obviously judged by Chase to be unprofitable. If Chase presented their analysts on this to the various cobrand partners, I doubt the partners would argue, and ultimately Chase is the one who backs the card.

Most people who want an Amazon card in the general population won't be excluded for 5/24. Yes it sucks for us who chase after rewards but we aren't the ideal customer and we are largely unprofitable so I doubt Chase or Amazon cares.
Very well said. 5 credit cards in a span of 2 years is very unlikely for your "average" consumer. Most people I know that aren't "into" credit cards barely have 1-2 cards overall, let alone 5 in 2 years lol.

Exactly. While we around here hate 5/24, the average consumer isn't going to notice or care, and Chase is weeding out the segment it wishes to weed out, whether we agree or not. They didn't become a huge bank by making poor decisions!

I can't say I know anyone outside of the "credit world" who even has more than 5 cards total let alone opened that many within 24 months!

Re: Amazon rewards visa 5/24?

Anonymous — Fri, 28 Dec 2018 04:36:59 GMT

Update: I apply today and I got the following message:

"Thank you for applying.
Unfortunately, your application for the Amazon Rewards Visa card could not be approved by Chase

Chase will notify you in writing about the decision in 30 days. Thank you for applying." and robo lady says 7-10 days

Is anyone familar with that message?

Re: Amazon rewards visa 5/24?

patoot10 — Fri, 28 Dec 2018 23:11:22 GMT

Sounds like a 5/24 denial.

Sorry OP but you've been warned

Re: Amazon rewards visa 5/24?

kdm31091 — Sat, 29 Dec 2018 11:54:25 GMT

@Anonymous wrote:
Update: I apply today and I got the following message:
"Thank you for applying.
Unfortunately, your application for the Amazon Rewards Visa card could not be approved by Chase
Chase will notify you in writing about the decision in 30 days. Thank you for applying." and robo lady says 7-10 days
Is anyone familar with that message?

7-10 days is almost always a denial. Guess the Amazon does fall under 5/24 as suspected. Sorry OP

Re: Amazon rewards visa 5/24?

CreditCuriosity — Sat, 29 Dec 2018 19:22:14 GMT

no clue whether that is a 5/24 denial you will have to get the letter. no need to jump to conclusions. denials can happen to people with 800+ scores and under 5/24 as well or various other reasons

Re: Amazon rewards visa 5/24?

Andypanda — Tue, 01 Jan 2019 00:34:05 GMT

@Anonymous wrote:
Update: I apply today and I got the following message:
"Thank you for applying.
Unfortunately, your application for the Amazon Rewards Visa card could not be approved by Chase
Chase will notify you in writing about the decision in 30 days. Thank you for applying." and robo lady says 7-10 days
Is anyone familar with that message?

Op, if you don’t mind, update us on the reason when you get the letter. I am curious since the Amazon Prime visa is on my wish list.

Re: Amazon rewards visa 5/24?

Anonymous — Wed, 02 Jan 2019 01:32:11 GMT

I think all the Chase credit cards are now under 5/24 rule.