topic Re: Chase Amazon Prime VS 5/24 rule?!?! in Credit Cards

Chase Amazon Prime VS 5/24 rule?!?!

revjamesl — Mon, 16 Jan 2017 01:43:37 GMT

Does Chase Amazon Prime VS count as part of the 5/24 rule? Thanks, in advance.

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Mon, 16 Jan 2017 01:46:35 GMT

Nope!

Re: Chase Amazon Prime VS 5/24 rule?!?!

CreditCuriosity — Mon, 16 Jan 2017 01:56:25 GMT

@Justagirl73 wrote:
Nope!

+1..

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Mon, 16 Jan 2017 02:09:54 GMT

It does not. App away!

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Mon, 16 Jan 2017 04:11:49 GMT

I can vouch personally that the 5/24 rule does not apply. I got approved for this card about a month ago and I was at probably 14/24. I also have old baddies reporting and I burned Chase back in 2009. Seems none is their normal rules apply on this card.

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Mon, 16 Jan 2017 04:14:37 GMT

Its not under 5/24 but it still counts towards 5/24 though right?

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Mon, 16 Jan 2017 04:23:21 GMT

@Anonymous wrote:
Its not under 5/24 but it still counts towards 5/24 though right?

Yes, it counts towards 5/24, in the same way as other credit cards. So (as I guess your point is!) it's not "free" from that viewpoint, getting it may prevent you getting another chase card until you fall into 5/24 again

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Tue, 24 Jan 2017 08:32:26 GMT

There seems to be conflicting info, does the Amazon store card (issued through Synchrony bank) count towards 5/24? Seems like the same 5% without taking the 5/24 ding?

Re: Chase Amazon Prime VS 5/24 rule?!?!

AverageJoesCredit — Tue, 24 Jan 2017 12:07:02 GMT

Agreed, been reading a battle a brewing on whether it counts or not but id imagine it would since its a credit card, this case issued by Chase. If i got 4 others plus this in the last 2 yesrs id consider that 5 but maybe thats just me. Best way to beat 5/24 is just enjoy what you have and take a 2 yearr garden nap. That way when you want to apply for something Chase the doors are wide open and no more worries. Wonder how my profile will look in 2 years with no apps for ccs. What a myFicoLand dream

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Tue, 24 Jan 2017 13:43:44 GMT

@AverageJoesCredit wrote:
Agreed, been reading a battle a brewing on whether it counts or not but id imagine it would since its a credit card, this case issued by Chase. If i got 4 others plus this in the last 2 yesrs id consider that 5 but maybe thats just me. Best way to beat 5/24 is just enjoy what you have and take a 2 yearr garden nap. That way when you want to apply for something Chase the doors are wide open and no more worries. Wonder how my profile will look in 2 years with no apps for ccs. What a myFicoLand dream

I don't think there is a battle about whether the Chase card counts (it's pretty clear it does, does anyone disagree?) I think the poster was referring to the Amazon store cord. Most people here say that store cards (that report) count towards 5/24, a few articles, such as on DoC say they don't if they are purely for use within a store

Re: Chase Amazon Prime VS 5/24 rule?!?!

juniornj23 — Tue, 24 Jan 2017 13:47:55 GMT

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Re: Chase Amazon Prime VS 5/24 rule?!?!

CreditCuriosity — Tue, 24 Jan 2017 15:00:08 GMT

@Anonymous wrote:
@AverageJoesCredit wrote:
Agreed, been reading a battle a brewing on whether it counts or not but id imagine it would since its a credit card, this case issued by Chase. If i got 4 others plus this in the last 2 yesrs id consider that 5 but maybe thats just me. Best way to beat 5/24 is just enjoy what you have and take a 2 yearr garden nap. That way when you want to apply for something Chase the doors are wide open and no more worries. Wonder how my profile will look in 2 years with no apps for ccs. What a myFicoLand dream
I don't think there is a battle about whether the Chase card counts (it's pretty clear it does, does anyone disagree?) I think the poster was referring to the Amazon store cord. Most people here say that store cards (that report) count towards 5/24, a few articles, such as on DoC say they don't if they are purely for use within a store

I guess I was confused.. store cards do count again the 5x24 rule as a card is a card whether retail or major. co-worker was declined chase CSR due to being at 6x24 due to a few store cards in last two years and has a very high fico score as well.

Re: Chase Amazon Prime VS 5/24 rule?!?!

Anonymous — Tue, 24 Jan 2017 15:11:09 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@AverageJoesCredit wrote:
Agreed, been reading a battle a brewing on whether it counts or not but id imagine it would since its a credit card, this case issued by Chase. If i got 4 others plus this in the last 2 yesrs id consider that 5 but maybe thats just me. Best way to beat 5/24 is just enjoy what you have and take a 2 yearr garden nap. That way when you want to apply for something Chase the doors are wide open and no more worries. Wonder how my profile will look in 2 years with no apps for ccs. What a myFicoLand dream
I don't think there is a battle about whether the Chase card counts (it's pretty clear it does, does anyone disagree?) I think the poster was referring to the Amazon store cord. Most people here say that store cards (that report) count towards 5/24, a few articles, such as on DoC say they don't if they are purely for use within a store
I guess I was confused.. store cards do count again the 5x24 rule as a card is a card whether retail or major. co-worker was declined chase CSR due to being at 6x24 due to a few store cards in last two years and has a very high fico score as well.

That's what I think but the relevant section of the DoC article (with two DPs where they didn't count): http://www.doctorofcredit.com/chase-524-rule-explained-detail-need-know/

If the card can be used outside of a specific store (e.g it has a payment network such as Visa, Mastercard, American Express or Discover) it will be counted. If it can only be used for a specific store, it will not be counted.

Since that is a link a lot of people check, that may be the source of some of the confusion.