topic Re: Experts, am I eligible for a Chase Card? in Credit Cards

Experts, am I eligible for a Chase Card?

Anonymous — Mon, 31 Dec 2018 15:26:01 GMT

Am I eligible for any Chase Credit Card? Based on the 5/24 rule.

My accounts are: (although I have an Amex BCE just approved last week which has not reported yet)

Discover Card-Sept 2017

Deserve Card-Dec 2017

First Premier Card-Jan 2018

CapOne Card-Oct 2018

CreditOne Card-Oct 2018

Bank Loan-May2018

I believe I have a good score in terms of number as am laying between 700s above on fico and others.

Going by the chase rule 5/24 which am still finding hard to understand, please can any expert tell me point blank if am eligible for a Chase Credit Card or NOT.

Re: Experts, am I eligible for a Chase Card?

Anonymous — Mon, 31 Dec 2018 15:24:40 GMT

I'm not an expert by any means, but based on the information provided, you wouldn't be eligible until after that Discover card hits two years.....so Sept 2019. I would wait until October 2019 just to be safe.

Re: Experts, am I eligible for a Chase Card?

Anonymous — Mon, 31 Dec 2018 15:28:38 GMT

No. You can wait till the discover falls in september 2019 or wait till both the discover and deserve fall off in 2019.. probably puts you at applying October 2019 to January 2020.

Re: Experts, am I eligible for a Chase Card?

Eagered2succeed — Mon, 31 Dec 2018 16:05:10 GMT

See if you pre qualify on chase website as sometime it's none to pass the 5/24 rule. Of course ymmv, but it is a good indicator if you're on their radar or not.

Re: Experts, am I eligible for a Chase Card?

GApeachy — Mon, 31 Dec 2018 16:26:53 GMT

Amex pre approved me for 3 cards so I went for it and was declined. I downloaded my report they provided access for at Annualcreditreport.com and it cited too many inquires (I had 3 inquires from CapOne, a 1 inquiry from Discover...all in the same month/same day actually.) I don't know if that helps you at all but..... good luck either way.

Re: Experts, am I eligible for a Chase Card?

CreditInspired — Mon, 31 Dec 2018 16:32:42 GMT

Nope don’t go by website. I had green check marks (only reason I applied) and was declined (only reason, I was at 5/24).

Now I have read that going to a branch could possibly make a difference.

Re: Experts, am I eligible for a Chase Card?

Anonymous — Mon, 31 Dec 2018 18:05:44 GMT

You're at 6/24. The 5/24 policy means you can't have more than 5 accounts opened in the last 24 months. As the others have mentioned, you'll have to wait until that Disco drops off before applying. People have bypassed this with the green checkmarks, in branch approvals, and there was some info about bypassing it on Credit Journey. To be on the safe side, just wait until late 2019.

Re: Experts, am I eligible for a Chase Card?

Anonymous — Mon, 31 Dec 2018 18:21:31 GMT

Your post has been updated with new information since my original reply.

You will need to wait until both the Discover & the Deserve credit cards hit two years since you just got that AMEX.

So....I wouldn't try for Chase until January 2020 and that's also assuming you don't apply for any more cards until then.

Re: Experts, am I eligible for a Chase Card?

Anonymous — Mon, 31 Dec 2018 18:24:49 GMT

OP still has a BCE to report so Deserve will have to come off in December 2019 before OP will be 4/24.

Re: Experts, am I eligible for a Chase Card?

kdm31091 — Mon, 31 Dec 2018 18:27:57 GMT

Sorry, you're not eligible until late 2019/early 2020 as others have stated due to the 5/24 rule.

Re: Experts, am I eligible for a Chase Card?

TheBoondocks — Mon, 31 Dec 2018 19:40:26 GMT

If you go on CreditKarma, it will tell you the actual date that you applied and you can go from there.

Re: Experts, am I eligible for a Chase Card?

sjt — Tue, 01 Jan 2019 16:23:38 GMT

@CreditInspired wrote:
Nope don’t go by website. I had green check marks (only reason I applied) and was declined (only reason, I was at 5/24).

Now I have read that going to a branch could possibly make a difference.

How long ago when you accepted the "Green Checkmark" offer. Ive recently seen nothing but approvals based on those checkmark offers and folks were over 5/24.

Re: Experts, am I eligible for a Chase Card?

Anonymous — Wed, 02 Jan 2019 01:23:38 GMT

I think you can try.

I have Deserve credit card too. Interesting thing is this card is not on my Experian report but on my TransUnion report. I don't know why.

So if you don't count your Deserve and new Amex BCE, you're actually 4/24.

You may have a chance to get approved but that's just the suggestion from my datapoint.

Re: Experts, am I eligible for a Chase Card?

sjt — Wed, 02 Jan 2019 04:26:16 GMT

Like the other OP mentioned, you are not eligible until 12/2019. You might want to check the pre-qual site for offers. That can by-pass 5/24.