topic Re: Chase 5/24 rule and Authorized Accounts affecting approval. in Credit Card Applications

Chase 5/24 rule and Authorized Accounts affecting approval.

charasblvd — Fri, 16 Aug 2024 00:56:31 GMT

So I recently paid down my cc balance and am finnally eliglible to get prime cards with real rewards.

Currently my report looks like:

Lowes 8500/12000cl 1yr6mo(now paid off)

CareCredit 13800/16500cl 1yr 6mo (now paid off)

BOA CC 0/3000cl 5yr 4mo

AVANT 0/2000c; 2yr1mo

Indigo cc 0/300cl 6yr 8mo

CITI(secured) 0/200cl 6yr 9mo

Bread Amex 5400/7000cl 1yr 8mo (now paid off)

Kohls AU 0/3000 - 17yr 3mo

AMEX AU 2800/12000 1yr (will this AU count againt chase 5/24 rule and is it hurting more than its helping)

SECU CAR LOAN - 6000/16000- 1mo

My EX FICO 8 with bal reporting is 696 After balance reporting 730-760

AAoA- 5yr 3mo inq-1 with 1- 30 day late 5 years ago- no other negatives

I need 3 prime cards and then i can garden next 2 years. Its been over year and half since ive applied for a cc.

I'm hoping for a Chase Unlimited, AAA Visa signature, Amex Blue, Chase Amazon ( what are my chances for high SL)

Re: Chase 5/24 rule and Authorized Accounts affecting approval.

narcan04 — Sun, 18 Aug 2024 05:22:59 GMT

An AU account might be incorrectly counted as part of your 5/24 by the automatic system, but if you get denied you can usually successfully recon if you bring the AU accounts to Chase's attention.

Re: Chase 5/24 rule and Authorized Accounts affecting approval.

JoeRockhead — Sun, 18 Aug 2024 10:02:58 GMT

Yes it will count towards your 5/24 unless you get it removed completely from your report, or you're able to get them to waive it through recon. It's also doing little to nothing beneficial for your scores.

Lots of DPs out there showing Chase has relaxed their 5/24 rule in regards to the Amazon card in addition to some of their other co-branded cards.

I have no idea what your chances for a high SL are, but it shouldn't matter as Amex and Chase both offer SP limit increases, so increasing limits could be something to pursue while you're in the garden. Comenity could go either way (HP or SP) with CLI requests.