topic Bypassing 5/24? in Credit Card Applications

Bypassing 5/24?

MyFault — Tue, 28 Jul 2020 21:01:33 GMT

I know 5/24 is an unwritten rule. I know most are denied automatically if they apply for a CC while at or over 5/24. However, i'm curious if anyone has any success stories of approvals, outside of green and black stars within the app, or pre-approval in the United app for the Explorer card.

I'm certain i'll be denied, obviously because i'm at 6/24, but i only have a handful of HP's so i've tossed the idea of cold apping the UA Explorer card just to see if i could beat the odds. lol.

But since the UA Explorer card SUB is crap, and i don't expect to travel via plane without my fiance until late next year (she has Explorer card, and i can use her priority boarding), i'm just fine with waiting for a potential pre-approval or getting under 5/24.

The Freedom on the other hand, was never really on my radar because it would only truly be beneficial to me for 1 quarter ever year (groceries), the rest of its categories don't align much with my spending... However, with the 5x back on grocery spend for 1yr up to $12k. I really wish i was under 5/24 lol. I could pretty easily max that $12k or come close within a year.

I get that a lot of people think they can try to beat the "rules", but i'm curious of data points and experience from those who actually have.

I have no checking/savings with Chase, so i assume going into the branch to ask about "in branch pre-approvals" is useless. However, 95% of my monthly spend goes on my CSR and CFU so they make a good ammount off of me in transaction fees.

Re: Bypassing 5/24?

Anonymous — Tue, 28 Jul 2020 21:05:09 GMT

I was approved over 5/24.

Re: Bypassing 5/24?

cashorcharge — Tue, 28 Jul 2020 21:07:39 GMT

I just read on another thread about @M_Smart007 getting the Black Star at LOL/24 so hopefully some insight there

I have heard from 2 friends pre-pandemic with great profiles rolling the dice to go past 5/24 and were unsuccessful. Seems like Chase is stepping up their SUB game very recently with Marriott and with the Freedom changes....perhaps there's a window of opportunity?

Re: Bypassing 5/24?

M_Smart007 — Tue, 28 Jul 2020 21:25:25 GMT

@cashorcharge wrote:
I just read on another thread about @M_Smart007 getting the Black Star at LOL/24 so hopefully some insight there

I have heard from 2 friends pre-pandemic with great profiles rolling the dice to go past 5/24 and were unsuccessful. Seems like Chase is stepping up their SUB game very recently with Marriott and with the Freedom changes....perhaps there's a window of opportunity?

@cashorcharge, I just want to clarify, the black star was from 11/2019

Re: Bypassing 5/24?

M_Smart007 — Tue, 28 Jul 2020 21:41:36 GMT

@MyFault, I applied once at over 5/24 .. Instant denial!

I would wait to either be under 5/24 or black/green star.

If possible, you might check in branch with a personal banker? .. JMHO

Re: Bypassing 5/24?

cashorcharge — Tue, 28 Jul 2020 21:46:32 GMT

Thanks @M_Smart007
I've never had a Black Star from Chase so......

Re: Bypassing 5/24?

MyFault — Tue, 28 Jul 2020 22:03:54 GMT

@M_Smart007 wrote:
@MyFault, I applied once at over 5/24 .. Instant denial!
I would wait to either be under 5/24 or black/green star.
If possible, you might check in branch with a personal banker? .. JMHO

Just to clarify, you need a checking/savings account to check in branch with a personal banker. Correct?

Re: Bypassing 5/24?

M_Smart007 — Tue, 28 Jul 2020 22:17:20 GMT

@MyFault wrote:
@M_Smart007 wrote:
@MyFault, I applied once at over 5/24 .. Instant denial!
I would wait to either be under 5/24 or black/green star.
If possible, you might check in branch with a personal banker? .. JMHO
Just to clarify, you need a checking/savings account to check in branch with a personal banker. Correct?

I am not 100% sure?, Maybe someone else can chime in?

you could go in and open a Savings account .. I do not believe they pull Chex for that,

and I know it is not a HP on a CB.

Re: Bypassing 5/24?

MyFault — Tue, 28 Jul 2020 22:24:50 GMT

@M_Smart007 wrote:
I am not 100% sure?, Maybe someone else can chime in?
you could go in and open a Savings account .. I do not believe they pull Chex for that,
and I know it is not a HP on a CB.

If i were to open an account, i'd definitely take advantage of the $500 offer for checking & savings. I wish it was still $600... I just don't need or want another checking/savings from a bank like Chase. Hmm..

Re: Bypassing 5/24?

TSlop — Tue, 28 Jul 2020 22:26:15 GMT

I tested the waters on a cold app co-branded card (Hyatt) and was denied at 6/24 for too many accounts in 24 months this past December. I'm sure some people get through without green/black offers, but probably not the majority.

Re: Bypassing 5/24?

Remedios — Tue, 28 Jul 2020 23:08:20 GMT

You dont need DDA for preapprovals

If you are over 5/24, it will be auto denial because there is no override in place.

Chase currently ain't playing nice with reconsiderations when denial reason is exceeding 5/24.

Your only options are to wait and see if you ever get a preaporoval/prequalification or a trip to the branch to see if you have in branch preapproval which has the ability to override 5/24.

Cold app is just a waste of couple HPs with nothing to show for it. Also, with new elevated offer, they wont suffer for new customers, so really, no incentive to consider us app happy people.

Re: Bypassing 5/24?

MyFault — Wed, 29 Jul 2020 00:50:34 GMT

@Remedios wrote:
Your only options are to wait and see if you ever get a preaporoval/prequalification or a trip to the branch to see if you have in branch preapproval which has the ability to override 5/24.

So I can walk into a branch and see if I have any preapprovals, without having a checking/savings account?

i may bite the bullet and take the $500 checking/savings offer anyway.
Still debating.

$500 is more than I'll earn over the next 3 months with that $15k sitting in my Marcus account at 1.05% APY. I guess it's kind of a no brained. Just have to keep both accounts open for 6 months. After 3 months, I'll move my money back into Marcus.

If I do open those accounts how long would you recommend waiting to check for preapprovals.. Or does it matter to wait at all?

Re: Bypassing 5/24?

blindambition — Wed, 29 Jul 2020 01:04:52 GMT

@MyFault wrote:
@Remedios wrote:
Your only options are to wait and see if you ever get a preaporoval/prequalification or a trip to the branch to see if you have in branch preapproval which has the ability to override 5/24.
So I can walk into a branch and see if I have any preapprovals, without having a checking/savings account?

i may bite the bullet and take the $500 checking/savings offer anyway.
Still debating.
$500 is more than I'll earn over the next 3 months with that $15k sitting in my Marcus account at 1.05% APY. I guess it's kind of a no brained. Just have to keep both accounts open for 6 months. After 3 months, I'll move my money back into Marcus.

If I do open those accounts how long would you recommend waiting to check for preapprovals.. Or does it matter to wait at all?

If you open accts in branch, rep can check then for preapprovals. They have been known to be denied, but best odds through branch. That's not to discourage, just that in branch aren't a guarantee with green checkmark

Re: Bypassing 5/24?

Remedios — Wed, 29 Jul 2020 01:32:52 GMT

@MyFault wrote:
@Remedios wrote:
Your only options are to wait and see if you ever get a preaporoval/prequalification or a trip to the branch to see if you have in branch preapproval which has the ability to override 5/24.
So I can walk into a branch and see if I have any preapprovals, without having a checking/savings account?

i may bite the bullet and take the $500 checking/savings offer anyway.
Still debating.
$500 is more than I'll earn over the next 3 months with that $15k sitting in my Marcus account at 1.05% APY. I guess it's kind of a no brained. Just have to keep both accounts open for 6 months. After 3 months, I'll move my money back into Marcus.

If I do open those accounts how long would you recommend waiting to check for preapprovals.. Or does it matter to wait at all?

Yes, you can. Even if you have only credit card accounts, you're still Chase customer.

I'd avoid opening account because its pointless, Chase is not easily impressed, until that figures start showing up

Smaller amounts (enough to qualify for CPC) are just training wheels for what comes later.

Re: Bypassing 5/24?

MyFault — Wed, 29 Jul 2020 02:10:58 GMT

@Remedios wrote:
Yes, you can. Even if you have only credit card accounts, you're still Chase customer.
I'd avoid opening account because its pointless, Chase is not easily impressed, until that figures start showing up
Smaller amounts (enough to qualify for CPC) are just training wheels for what comes later.

So you're saying not to open checking/savings only for the $500 SUB? I definitely won't be using them after I passed the 6 month minimum to keep them open for claw back. All my CC bill pay cash, and rainy day savings is with NFCU, long term savings is with Marcus.

Re: Bypassing 5/24?

Remedios — Wed, 29 Jul 2020 02:18:43 GMT

You can open it, but it wont help with card approval.

Re: Bypassing 5/24?

simplynoir — Wed, 29 Jul 2020 02:23:38 GMT

@MyFault wrote:
@Remedios wrote:
Yes, you can. Even if you have only credit card accounts, you're still Chase customer.
I'd avoid opening account because its pointless, Chase is not easily impressed, until that figures start showing up
Smaller amounts (enough to qualify for CPC) are just training wheels for what comes later.
So you're saying not to open checking/savings only for the $500 SUB? I definitely won't be using them after I passed the 6 month minimum to keep them open for claw back. All my CC bill pay cash, and rainy day savings is with NFCU, long term savings is with Marcus.

Are we talking about the sign-up bonus for opening a savings account? Because that is something different here than credit cards

Re: Bypassing 5/24?

MyFault — Wed, 29 Jul 2020 02:53:38 GMT

@simplynoir wrote:
Are we talking about the sign-up bonus for opening a savings account? Because that is something different here than credit cards

My main focus for the post was to discuss beating 5/24. I was simply asking for clarification on the checking/savings SUB regarding what he was saying.

Back to the CC discussion.

Re: Bypassing 5/24?

simplynoir — Wed, 29 Jul 2020 03:00:36 GMT

@MyFault wrote:
@simplynoir wrote:
Are we talking about the sign-up bonus for opening a savings account? Because that is something different here than credit cards
My main focus for the post was to discuss beating 5/24. I was simply asking for clarification on the checking/savings SUB regarding what he was saying.

Back to the CC discussion.

Then I agree with her, you can open it and nab the bonus from opening the savings account but it really won't help you with credit card approvals if you're already past 5/24

Re: Bypassing 5/24?

Anonymous — Wed, 29 Jul 2020 03:27:00 GMT

I believe I have read about approvals above 5/24 happening with prequalified offers showing up in the Chase mobile app. Under Credit Journey > Personalized Offers.

It may just be rumors/lies as I can't confirm, or out of date.