topic Re: How Long Do You Have to Garden for Chase Now in Credit Cards

How Long Do You Have to Garden for Chase Now

redpat — Sat, 02 Apr 2016 19:06:56 GMT

Well April is here and I think we will see less activity on the Approvals forum because of the 5/24 rule.

I have seen a denial for Marriott on credit pull database because of this.

How long do you have?

I have to wait until 4/17 but apping for Prestige may change that.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sat, 02 Apr 2016 19:22:39 GMT

For me to be under 5 new cards in the past 2 years I will also have to wait until April 2017 - but that's cutting it close. If I wait until May 2017, I'll be golden.

Re: How Long Do You Have to Garden for Chase Now

red259 — Sat, 02 Apr 2016 19:34:45 GMT

My apps are soo spread out so I don't know anymore. My last personal app was 3/5, but prior to that were some business apps which won't count against the 5/24. If I had to guess I have at minimum 9 months before I could go for another chase app and even in that scenario I think I would only be able to pick up one additional card. If I wait a year maybe I can get two cards. The problem is I intend to do future apps in another coupls of months and I don't see the value in passing on everything just for the chance to app for another chase card. I have or can PC into pretty much any chase card I want and the ones I did not pick up are not very high priority for me at this point and for the cards I currently have that I would want to churn there is no guarantee if I wait the signup bonus will be nearly as good. If chase came out with some longterm amazing signup offers then I might think about waiting but for people who have the actual chase cards they would want to use long term I don't see much incentive in waiting and foregoing every other lender out there.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sat, 02 Apr 2016 19:40:32 GMT

let's be honest, most of us will never be eligible for another chase card. LOL!

we need a garden club just for chase card holder ~~aspirants~~ dreamers! LMAO!

Re: How Long Do You Have to Garden for Chase Now

red259 — Sat, 02 Apr 2016 19:45:13 GMT

@Anonymous wrote:
let's be honest, most of us will never be eligible for another chase card. LOL!

we need a garden club just for chase card holder ~~aspirants~~ dreamers! LMAO!

Not necessarily true. I'm at the point where I have most the cards I want and instead will likely be focusing on business cards for the most part, which won't impact 5/24 as long as they are not reporting on my personal credit. For people starting out or rebuilding then yes it is going to be a few years before they can get all the chase cards they want.

Re: How Long Do You Have to Garden for Chase Now

redpat — Sat, 02 Apr 2016 19:47:30 GMT

@red259 wrote:
My apps are soo spread out so I don't know anymore. My last personal app was 3/5, but prior to that were some business apps which won't count against the 5/24. If I had to guess I have at minimum 9 months before I could go for another chase app and even in that scenario I think I would only be able to pick up one additional card. If I wait a year maybe I can get two cards. The problem is I intend to do future apps in another coupls of months and I don't see the value in passing on everything just for the chance to app for another chase card. I have or can PC into pretty much any chase card I want and the ones I did not pick up are not very high priority for me at this point and for the cards I currently have that I would want to churn there is no guarantee if I wait the signup bonus will be nearly as good. If chase came out with some longterm amazing signup offers then I might think about waiting but for people who have the actual chase cards they would want to use long term I don't see much incentive in waiting and foregoing every other lender out there.

This could slow everyones roll with other apps if they really want a Chase card though.

watch the Ritz 160k will come out now, what a ball buster that would be, lol.

Re: How Long Do You Have to Garden for Chase Now

red259 — Sat, 02 Apr 2016 19:47:22 GMT

@redpat wrote:
@red259 wrote:
My apps are soo spread out so I don't know anymore. My last personal app was 3/5, but prior to that were some business apps which won't count against the 5/24. If I had to guess I have at minimum 9 months before I could go for another chase app and even in that scenario I think I would only be able to pick up one additional card. If I wait a year maybe I can get two cards. The problem is I intend to do future apps in another coupls of months and I don't see the value in passing on everything just for the chance to app for another chase card. I have or can PC into pretty much any chase card I want and the ones I did not pick up are not very high priority for me at this point and for the cards I currently have that I would want to churn there is no guarantee if I wait the signup bonus will be nearly as good. If chase came out with some longterm amazing signup offers then I might think about waiting but for people who have the actual chase cards they would want to use long term I don't see much incentive in waiting and foregoing every other lender out there.
This could slow everyones roll with other apps if they really want a Chase card though.

Whatch the Ritz 160k will come out now, what a ball buster that would be, lol.

Oh bite your tongue! I held out as long as possible for the Ritz offer to come back and ended up going with the marriott card. I soo wanted the ritz card with the high signup.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 00:20:58 GMT

I have most of the cards I need, a few I'm consolidating, but in the next 18 months I'm going to work on a couple LOC's and perhaps a new card every 6 months if any stand out.

When I'm within the 5/24 rule I'm going to pickup the CSP!

Going to try for the Ink Plus in 3 months, unless it's added to the 5/24 rule.

Re: How Long Do You Have to Garden for Chase Now

EdMan63 — Sun, 03 Apr 2016 00:34:52 GMT

@Anonymous wrote:
let's be honest, most of us will never be eligible for another chase card. LOL!

we need a garden club just for chase card holder ~~aspirants~~ dreamers! LMAO!

Not here. I have most of what I want. I can app for more Chase cards 3/17 if I wanted but I don't need anymore Chase cards or really any card.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 00:41:31 GMT

Haha seems like everyone is about a year out. Best case I'm middle of March 2017. Worst case, because of how they may count 24 months,(whether it's to the day or month, April 2017. Luckily realistically I'm about as set as can be (without the freedom and unlimited)

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 00:43:27 GMT

I don't get the obsession with Chase cards. I'm just starting my credit history, 6 months in with only 1 card, but I don't really care for any of their co-branded cards. The airline/hotels I like to travel with just aren't a Chase product. I am definitely keeping the 5/24 rule in mind, though. I could see myself getting the Freedom or Sapphire Preferred.

Re: How Long Do You Have to Garden for Chase Now

jbsea — Sun, 03 Apr 2016 01:13:47 GMT

Well technically I only have to wait till 9/17 but I am determined to not app for anything till 4/18... I don't "need" any cards as I have everything that I really want. I was dying for CSP but I seem to be over that now. Not sure that I want to start with UR points. I do want one other card but nothing till all Inq are gone.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 01:38:03 GMT

@LaKings, Chase is kind of unrivaled in their UR point utility, I'm sure MR with amex are solid, but once you actually start doing the math, UR are so valuable(and I don't mean the "value" like the points guy comes up with at like 2 cents per point).

I fly SW alot and SW points are worth 1.6 points a piece, since UR is 1:1 to sw, each UR for me is 1.6 right off the bat. With my CSP, restaurant and dining are 3.2 a piece by default at Sw valuation.

I use Sw and haven't done the math for their other partners but there's so many that I don't think you can 'not fly' or use any of their partners. ITS LIKE EVERYONE.

I love my discover, unfortunately I didn't get double cash so that's kind of neutered there, I'd love a freedom far more since it would be 1.6 by default also to me. Lots of cards just can't compare to be honest.

Citi points don't have good cashback value and not as many transfer partners.
Amex BC/P is good for groceries/gas. Amex ED is good for those who swipe a good bit and can make use of the MR(I haven't done enough hw to know how good they are).
Cap1 Qs is a solos beginner, but is quickly and easily outgrown, same for venture really.
Discover is very valuable if you have double cash, less so if you don't(really just depends if you can pump their categories)

Tldr: chase is very versatile while also being valuable, their cards build on top of eachother assuming you have a UR portal card. The freedom, unlimited, and CSP are really an insane combo and I can't wait to use ONLY those three in year.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 01:54:43 GMT

@Anonymous wrote:
@Anonymous, Chase is kind of unrivaled in their UR point utility, I'm sure MR with amex are solid, but once you actually start doing the math, UR are so valuable(and I don't mean the "value" like the points guy comes up with at like 2 cents per point).

I fly SW alot and SW points are worth 1.6 points a piece, since UR is 1:1 to sw, each UR for me is 1.6 right off the bat. With my CSP, restaurant and dining are 3.2 a piece by default at Sw valuation.

I use Sw and haven't done the math for their other partners but there's so many that I don't think you can 'not fly' or use any of their partners. ITS LIKE EVERYONE.

I love my discover, unfortunately I didn't get double cash so that's kind of neutered there, I'd love a freedom far more since it would be 1.6 by default also to me. Lots of cards just can't compare to be honest.

Citi points don't have good cashback value and not as many transfer partners.
Amex BC/P is good for groceries/gas. Amex ED is good for those who swipe a good bit and can make use of the MR(I haven't done enough hw to know how good they are).
Cap1 Qs is a solos beginner, but is quickly and easily outgrown, same for venture really.
Discover is very valuable if you have double cash, less so if you don't(really just depends if you can pump their categories)

Tldr: chase is very versatile while also being valuable, their cards build on top of eachother assuming you have a UR portal card. The freedom, unlimited, and CSP are really an insane combo and I can't wait to use ONLY those three in year.

Yeah I have definitely done my research on Chase, and their UR program is very good. But I literally don't fly with any of their partners. Domestically I only fly JetBlue and Delta, and I use Delta for international flights pretty frequently too. I really can't stand United, the only advantage there is having access to airlines like SWISS Air through the Star Alliance.

Each program has their good and bad I guess, it just seems like Chase is way overhyped. I'm in a position where I'm 4 cards under the 5/24 rule, and no Chase cards are really calling me.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 02:27:31 GMT

Well, being that I just scored BIG time with Chase, I plan on sitting out any new apps for 24 months. So that all of these INQ s can go to hell.
I don't think I need any more Chase cards in this lifetime.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 02:35:11 GMT

I am unhappy with Chase that both with the readily acknowledged 5/24 for personal and the threatened 5/24 for busniness and co-branded, they make themselves seem more valuable. They bump themselves up in my plans. B#%^#%&s.

I went for InkPlus before I would have otherwise, due to the threat. I'm having DH not app for other things like the SPG or Hilton deals, as I have him waiting for CSP and will likely get IHG at the same time. As long as AU's don't count, he should be good the end of May. I think. I thought I'd PC the InkPlus to the Ink Cash if he gets CSP. But...who knows.

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 02:49:50 GMT

Everyone's unhappy with it, but it's their business move, hardly rude of them to try to weed out those who just want to use cards just for the bonus.
And I mean, it's our choice to app or not app for a card to hold out for their cards/partner cards. If it's worth holding out for, doesn't that in itself prove its valuable? Just like some people think they'll never have a chase card, they just don't believe crew cards are valuable enough, except there's a good amount that will garden for them, myself included(kind of shows their value). I'd literally only use 3 chase cards if I could for everyday use(lone exception I would make is BCP for groceries)

Re: How Long Do You Have to Garden for Chase Now

kdm31091 — Sun, 03 Apr 2016 02:59:42 GMT

@Anonymous wrote:
Everyone's unhappy with it, but it's their business move, hardly rude of them to try to weed out those who just want to use cards just for the bonus.

Pretty much this. We can debate about it forever, whether it's fair, not fair, or rude, or not rude, but ultimately it's a business move and for now it is what it is. You either wait until you are eligible or you go to other lenders. Not like there's anything one can do about it.

With regard to the above, I agree Chase can seem overhyped, but guess it comes down to whether or not you travel/use the partners. If not, there are better cards out there for cash back, IMO. But for travel, they have some good partners (but they do lack some major domestic ones, as noted).

Re: How Long Do You Have to Garden for Chase Now

Anonymous — Sun, 03 Apr 2016 03:03:42 GMT

Why worry bout the 5/24 rule I have 20 new account less than 2 years old and I got a chase freedom with $6000 SL just check the pre-qualify offers that's how I got mine

Re: How Long Do You Have to Garden for Chase Now

someg33k — Sun, 03 Apr 2016 03:25:03 GMT

Got what I wanted / needed for Chase cards so the 5/24 does not hurt my plans. To answer your question though, if the 5/24 sticks and is applied strictly then I will be sitting on the bench until 2018 But there are always exceptions and loopholes I have no doubt.