topic Re: What counts towards Chase's 5/24 rule? in Credit Cards

What counts towards Chase's 5/24 rule?

Anonymous — Sat, 10 Nov 2018 03:44:24 GMT

I was wondering if they would count my accounts with Dell, Google and Amazon. These are not credit cards, just credit accounts I can use only with those stores.

If they don't count these, I'll be at 4/24 and might have a shot at the Sapphire Preferred!

Re: What counts towards Chase's 5/24 rule?

Anonymous — Sat, 10 Nov 2018 03:58:25 GMT

@Anonymous wrote:
I was wondering if they would count my accounts with Dell, Google and Amazon. These are not credit cards, just credit accounts I can use only with those stores.

If they don't count these, I'll be at 4/24 and might have a shot at the Sapphire Preferred!

According to Doctor of Credit: If the card runs on a payment network like Amex, Discover, Mastercard, or Visa it will be counted. Cards that are issued for use at a specific store are not counted.

Re: What counts towards Chase's 5/24 rule?

Meanmchine — Sat, 10 Nov 2018 04:24:33 GMT

@Anonymous wrote:
@Anonymous wrote:
I was wondering if they would count my accounts with Dell, Google and Amazon. These are not credit cards, just credit accounts I can use only with those stores.

If they don't count these, I'll be at 4/24 and might have a shot at the Sapphire Preferred!

According to Doctor of Credit: If the card runs on a payment network like Amex, Discover, Mastercard, or Visa it will be counted. Cards that are issued for use at a specific store are not counted.

Are you sure about that? I thought all Synchrony store cards would count etc.

Re: What counts towards Chase's 5/24 rule?

Anonymous — Sat, 10 Nov 2018 04:28:24 GMT

@Meanmchine wrote:
@Anonymous wrote:
@Anonymous wrote:
I was wondering if they would count my accounts with Dell, Google and Amazon. These are not credit cards, just credit accounts I can use only with those stores.

If they don't count these, I'll be at 4/24 and might have a shot at the Sapphire Preferred!

According to Doctor of Credit: If the card runs on a payment network like Amex, Discover, Mastercard, or Visa it will be counted. Cards that are issued for use at a specific store are not counted.
Are you sure about that? I thought all Synchrony store cards would count etc.

I have no personal knowledge since I don't have any store cards but that's what stated by Doctor of Credit: Chase 5/24 Rule Explained In Detail – Everything You Need To Know

Re: What counts towards Chase's 5/24 rule?

Anonymous — Sat, 10 Nov 2018 16:13:51 GMT

Store cards, like any revolving credit line, counts. No offense to DoC but there have been plenty of people, on these forums and elsewhere, that were denied under 5/24 for store cards, lines of credit, etc. If it’s on your credit reports as a revolving credit account and Chase sees them, it counts.

Re: What counts towards Chase's 5/24 rule?

Lemark — Sat, 24 Nov 2018 03:45:57 GMT

Reaffirming what Irish80 said. Verified with Chase rep that it's whats on the report they count. Also watch-out for account that are about to fall off because it usually takes 1 month after the 2 yrs pass for it to fully fall