topic Re: Thoughts About Chase 5/24 in Credit Cards

Thoughts About Chase 5/24

elboullee — Sun, 28 Jan 2024 05:35:43 GMT

You see these YouTubers making videos about being approved for new cards at 5/24, 6/24, 7/24.

Chase-branded cards. Not store or co-branded cards. Ink cards in particular.

What's the consensus - are they applying under their girlfriend's or parent's name, somehow magically flying under the radar, or just outright lying about being over 5/24?

Re: Thoughts About Chase 5/24

GZG — Sun, 28 Jan 2024 05:43:15 GMT

@elboullee wrote:
You see these YouTubers making videos about being approved for new cards at 5/24, 6/24, 7/24.

Chase-branded cards. Not store or co-branded cards. Ink cards in particular.

What's the consensus - are they applying under their girlfriend's or parent's name, somehow magically flying under the radar, or just outright lying about being over 5/24?

any examples?

some people don't know how to count, some people are intentionally or ignorantly miscounting (looking at you credit frog guy) and there's been reports of people getting by with the Amazon card and that previous promotion on the CSP, but other than that, I haven't seen much of actual DPs about people beating 5/24

oh inks can beat 5/24, yeah, for inks it's definitely a soft rule as opposed to a hard rule

but the core cards, CSP, Flex, CFU, no way

I've been getting Chase ink mailers weekly at over 10/24 based on my business checking with them, I assume I'd still get denied, but it's clear their base level marketing doesn't care about 5/24

Re: Thoughts About Chase 5/24

elboullee — Sun, 28 Jan 2024 06:07:50 GMT

@GZG wrote:
oh inks can beat 5/24, yeah, for inks it's definitely a soft rule as opposed to a hard rule

I've been getting Chase ink mailers weekly at over 10/24 based on my business checking with them, I assume I'd still get denied, but it's clear their base level marketing doesn't care about 5/24

Interesting about Ink cards.

So if one applies and is approved for an Ink card after they are over 5/24, does that put them even further over 5/24?

Re: Thoughts About Chase 5/24

JoeRockhead — Sun, 28 Jan 2024 07:53:51 GMT

While there can always be exceptions with anything, I'd agree that their 5/24 rule for their core cards is pretty hard and fast for the vast majority of people.

When it comes to Ink cards, again, for most people, the rule still applies at the time of application. However, once approved it doesn't count towards your 5/24. Any business card that doesn't report to your personal credit would count either.

Re: Thoughts About Chase 5/24

ptatohed — Sun, 28 Jan 2024 09:12:25 GMT

Obviously this article is outdated but this article lists these cards as exceptions to the 5/24:

https://www.rewardexpert.com/blog/exceptions-to-the-chase-524-rule/

Cards You Can Get If You’re Over the 5/24 Rule

Surprisingly, Chase issues several cards that are not subjected to the 5/24 rules. That means you can get these cards if you’ve opened five or more accounts in the last 24 months:

Re: Thoughts About Chase 5/24

Brian_Earl_Spilner — Sun, 28 Jan 2024 15:18:24 GMT

I don't tend to watch those types of videos on YouTube or social media because the titles are usually clickbait, the person is misinformed, or they're not telling the full truth. It's 100% possible to be approved at or above 5/24, though extremely unlikely. Same with a BK showing on your reports. Chase has a 10 year rule, but approvals still happen. If they're being approved, it could simply be they are counting something that shouldn't be counted. They could also be misleading people by becoming authorized users or using someone else's card as a prop. It's hard to say. Typically those types of videos aren't very transparent nor do they provide proof other than holding a card up with the name blacked out for "safety".

Re: Thoughts About Chase 5/24

GZG — Sun, 28 Jan 2024 17:08:56 GMT

@elboullee wrote:
@GZG wrote:
oh inks can beat 5/24, yeah, for inks it's definitely a soft rule as opposed to a hard rule

I've been getting Chase ink mailers weekly at over 10/24 based on my business checking with them, I assume I'd still get denied, but it's clear their base level marketing doesn't care about 5/24
Interesting about Ink cards.

So if one applies and is approved for an Ink card after they are over 5/24, does that put them even further over 5/24?

no, 5/24 only refers to the number of personal revolving credit lines shown on your credit report as having been opened in the last 24 months. Since inks don't go on your personal credit report, they won't count for 5/24. Chase also doesn't like "know" and count any opened ink cards in a 5/24 calculation for future apps.

5/24 is still very much an ink denial reason, it's just not a 100% always get denied kind of thing like it is for the core cards.

Re: Thoughts About Chase 5/24

SouthJamaica — Sun, 28 Jan 2024 19:04:37 GMT

@elboullee wrote:
You see these YouTubers making videos about being approved for new cards at 5/24, 6/24, 7/24.

Chase-branded cards. Not store or co-branded cards. Ink cards in particular.

What's the consensus - are they applying under their girlfriend's or parent's name, somehow magically flying under the radar, or just outright lying about being over 5/24?

The 5/24 rule will keep you from getting just about any Chase card.

Once in a while you can get a preapproval despite being at or above 5/24; if so you can go with that.

Also, the Chase Amazon Prime has had a fair number of approvals reported in this forum by members who were at or above 5/24.

Apparently, YouTube videos on credit issues are often full of misinformation.

Re: Thoughts About Chase 5/24

Wavester64 — Mon, 29 Jan 2024 21:42:23 GMT

I was going to start a NEW CHASE thread, but I saw this one and it's sorta related so I thought I would add it here. For those current CHASE customers that are just wating to get under 5/24 to app for a CC, once you hit 4/24, are you immediately seeing offers in the "Just for you" or "Credit Journey" section? If not, how long after? Possible to not see any offers after reaching 4/24? Just curious.

Re: Thoughts About Chase 5/24

SouthJamaica — Mon, 29 Jan 2024 22:20:51 GMT

@Wavester64 wrote:
I was going to start a NEW CHASE thread, but I saw this one and it's sorta related so I thought I would add it here. For those current CHASE customers that are just wating to get under 5/24 to app for a CC, once you hit 4/24, are you immediately seeing offers in the "Just for you" or "Credit Journey" section? If not, how long after? Possible to not see any offers after reaching 4/24? Just curious.

There's no hard and fast rule as to when "just for you" preapprovals will pop up. Some people get them before they get under 5/24. Some people won't get them at all.

Re: Thoughts About Chase 5/24

mkhan1093 — Mon, 29 Jan 2024 23:08:16 GMT

As a word of advice, don't blindly follow CC YouTubers without vetting them first. There are a lot of misinformation channels drowning out the actual good ones (I can personally vouch for Ask Sebby and Ben Hedges / Credit Shifu)

Re: Thoughts About Chase 5/24

elboullee — Mon, 29 Jan 2024 23:20:43 GMT

@Wavester64 wrote:
I was going to start a NEW CHASE thread, but I saw this one and it's sorta related so I thought I would add it here. For those current CHASE customers that are just wating to get under 5/24 to app for a CC, once you hit 4/24, are you immediately seeing offers in the "Just for you" or "Credit Journey" section? If not, how long after? Possible to not see any offers after reaching 4/24? Just curious.

Anecdotal, correlation vs. causation and all that, but sitting at 4/24 last month, I had "already approved" offers in "My Offers" for every Chase card I didnt already have.

A few days after being approved for the CSP - putting me at 5/24 - they all dissappeared. Will have to wait ~9 months to see if they come back when I am once again below 5/24.

Re: Thoughts About Chase 5/24

ptatohed — Tue, 30 Jan 2024 07:14:46 GMT

@elboullee wrote:
@Wavester64 wrote:
I was going to start a NEW CHASE thread, but I saw this one and it's sorta related so I thought I would add it here. For those current CHASE customers that are just wating to get under 5/24 to app for a CC, once you hit 4/24, are you immediately seeing offers in the "Just for you" or "Credit Journey" section? If not, how long after? Possible to not see any offers after reaching 4/24? Just curious.
Anecdotal, correlation vs. causation and all that, but sitting at 4/24 last month, I had "already approved" offers in "My Offers" for every Chase card I didnt already have.

A few days after being approved for the CSP - putting me at 5/24 - they all dissappeared. Will have to wait ~9 months to see if they come back when I am once again below 5/24.

Hmmmm, I thought you could be 'at' 5/24, and not have to be 'below' 5/24.

Re: Thoughts About Chase 5/24

Anonymous — Tue, 30 Jan 2024 12:53:21 GMT

@mkhan1093 wrote:
As a word of advice, don't blindly follow CC YouTubers without vetting them first. There are a lot of misinformation channels drowning out the actual good ones (I can personally vouch for Ask Sebby and Ben Hedges / Credit Shifu)

That's interesting because Ask Sebby is often brought up here as full of misinformation! The stuff I have seen of Credit Shifu does seem more reliable.

Re: Thoughts About Chase 5/24

Brian_Earl_Spilner — Tue, 30 Jan 2024 13:12:59 GMT

@Anonymous wrote:
@mkhan1093 wrote:
As a word of advice, don't blindly follow CC YouTubers without vetting them first. There are a lot of misinformation channels drowning out the actual good ones (I can personally vouch for Ask Sebby and Ben Hedges / Credit Shifu)
That's interesting because Ask Sebby is often brought up here as full of misinformation! The stuff I have seen of Credit Shifu does seem more reliable.

Per my previous post, people should still do their own research as many social media "experts" are monetized so they tend to skew information in such a way that it doesn't impact their clicks for views and affiliated links.

Re: Thoughts About Chase 5/24

Wavester64 — Tue, 30 Jan 2024 15:29:48 GMT

@SouthJamaica wrote:
@Wavester64 wrote:
I was going to start a NEW CHASE thread, but I saw this one and it's sorta related so I thought I would add it here. For those current CHASE customers that are just wating to get under 5/24 to app for a CC, once you hit 4/24, are you immediately seeing offers in the "Just for you" or "Credit Journey" section? If not, how long after? Possible to not see any offers after reaching 4/24? Just curious.
There's no hard and fast rule as to when "just for you" preapprovals will pop up. Some people get them before they get under 5/24. Some people won't get them at all.

Thanks @SouthJamaica , something tells me I'll be the latter

Re: Thoughts About Chase 5/24

Wavester64 — Tue, 30 Jan 2024 15:30:47 GMT

@elboullee wrote:
@Wavester64 wrote:
I was going to start a NEW CHASE thread, but I saw this one and it's sorta related so I thought I would add it here. For those current CHASE customers that are just wating to get under 5/24 to app for a CC, once you hit 4/24, are you immediately seeing offers in the "Just for you" or "Credit Journey" section? If not, how long after? Possible to not see any offers after reaching 4/24? Just curious.
Anecdotal, correlation vs. causation and all that, but sitting at 4/24 last month, I had "already approved" offers in "My Offers" for every Chase card I didnt already have.

A few days after being approved for the CSP - putting me at 5/24 - they all dissappeared. Will have to wait ~9 months to see if they come back when I am once again below 5/24.

Thanks for the info @elboullee

Re: Thoughts About Chase 5/24

NoMoreE46 — Tue, 30 Jan 2024 16:13:11 GMT

Those content creators just want you to click and watch their "educational" hack videos for monetization reasons.....

ie click baiting

Re: Thoughts About Chase 5/24

Anonymous — Wed, 31 Jan 2024 01:33:18 GMT

And to avoid feelings of "Holier than Thou" as I sometimes point out, even MyFico is not free from errors (gasp!)

People (including me on occasion) post things that are wrong. Also, people ask a poster for detailed stats (cards, balances etc) and then give what is at best an informed guess posted with certainty, or often just suggest their current favorite card.

And, correctly, when I point this out, people show the real difference: Here, wrong/doubtful information can be corrected, or at least challenged and discussed. And everything is approximately equal, all the posts look about equivalent in importance. With youtube, the main video stays up, and you would have to scroll through lots of comments to decide if the information was really considered reliable.

But hey, moving pictures are cool!

Re: Thoughts About Chase 5/24

youngandcreditwrthy — Wed, 31 Jan 2024 16:38:47 GMT

youtube and tiktok are tabloids that are less to be believed that the National Enquirer.

LOL

that said, I never had "just 5 inquiries" while getting approved for ANY Chase card,and while I understnd policy change and an inflationary environment , I dont believe this it's a hard and fast rule in any capacity.

and if it is, you can probably recon your way out of it if your score/income are decent. I will never forget getting approved for my Chase freedom card with a 650'ish FICO WITH $5k SL (that I later moved around and what not)

good luck either way.