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Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?

Contributor

Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?

I was wondering if the Chase Marriott Premier Business Rewards Card is subject to the Chase 5/24 rule.  I haven't had a hard inquiry since February.  Also wondering if they start out with a decent credit line of $3K or more for balance transfers. 

Message 1 of 11
10 REPLIES
Community Leader
Senior Contributor

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?


@crandall10 wrote:

I was wondering if the Chase Marriott Premier Business Rewards Card is subject to the Chase 5/24 rule.  I haven't had a hard inquiry since February.  Also wondering if they start out with a decent credit line of $3K or more for balance transfers. 


I don't believe this card is subject to 5/24.  As far as credit line, it'll all depend on your profile.

Message 2 of 11
Valued Contributor

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?

Not subject to 5/24 but declines for too many new accounts and the like still occur.  Next week, I’m going to recon a denial I got last week for the reason cited above.  

 

Granted, I had several new accounts reporting.  I was expecting to have to recon but hoping for an approval. My scenario is certainly different than yours.  

 

Best of luck, if you decide to go for it. 



Beginning Journey April 2017 – FICO 8

Current Scores May 2018 – FICO 8

Started this credit game with $8400 TCL in 04/17 now I'm at $150K+.
Message 3 of 11
Established Contributor

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?

Recently just applied and denied for chase ink business and was denied for being over 5/24

 

Decided what the heck and tried the Chase Marriot Business since it should be same credit pull.   Approved 5k after recon with no mentioneed of being over 5/24.

Message 4 of 11
Valued Contributor

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?


@crandall10 wrote:

I was wondering if the Chase Marriott Premier Business Rewards Card is subject to the Chase 5/24 rule.  I haven't had a hard inquiry since February.  Also wondering if they start out with a decent credit line of $3K or more for balance transfers. 


I was approved for this card at 25/24 in the end of May.  I got 5k which is the minimum for the card I believe.  I wouldn't transfer any balances as they gave me a 24.49 percent interest rate.  17.49 is the lowest you will get.  

BOA Premium Rewards, AMEX BCE, AMEX PRG, AMEX Ameriprise Platinum, AMEX SPG, AMEX SPG BIZ, CITI AADvantage Platinum, CITI AADVantage Business, Chase Hyatt, Chase Southwest Premier, Chase Southwest Plus, Chase Marriott Business, Barclay Arrival +, Barclay AAdvantage Red Aviator, Barclay Aviator Business, USAA Prefered Cash Rewards, Citi Thank You Premier, JCrew, Pottery Barn, Express, NFCU Go Rewards.

Former Cards: Lendup L Card, Bank of America Cash Rewards, Capital One Quicksilver
Message 5 of 11
Moderator

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?

Was recently denied for it for too many new accounts.. Granted it was 30 days message on phone for awhile and ended up calling in (i know I know I should of waited) so probably shot my own self in the foot, but was at 27/24 cards per the UW(how can you even try to begin to explain this lol and that didn't include business credit and said well I just bought a new house and needed x,y,z and realized I was digging myself in a hole and said yep you are right I won't try to recon this as felt like I was about to be lectured by my mother).. I said I understand I I want to continue to value your relationship so didn't try to recon Smiley Happy.  In all honesty it might of been a blessing as want the Hyatt 60k more although the hidden TL would of been better..  Will cool it for 4-6 months and pick up the hyatt at the end of the year.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's | Fifth Third Bank | BB&T | Synovus | Commerce
Message 6 of 11
Valued Contributor

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?


@CreditCuriosity wrote:

Was recently denied for it for too many new accounts.. Granted it was 30 days message on phone for awhile and ended up calling in (i know I know I should of waited) so probably shot my own self in the foot, but was at 27/24 cards per the UW(how can you even try to begin to explain this lol and that didn't include business credit and said well I just bought a new house and needed x,y,z and realized I was digging myself in a hole and said yep you are right I won't try to recon this as felt like I was about to be lectured by my mother).. I said I understand I I want to continue to value your relationship so didn't try to recon Smiley Happy.  In all honesty it might of been a blessing as want the Hyatt 60k more although the hidden TL would of been better..  Will cool it for 4-6 months and pick up the hyatt at the end of the year.


😂 I love this story!

I’ve been in the same boat. 

CSR: mm mm mm! That’s a lot of inquiries!

Me: Yes ma’am. I’ve been trying to get better cards 😁

CSR: Are you tryin to finance the Louisiana purchase?

Me:  Ha Ha Ha

CSR:

Me:

Me: thank you for you time. Click

Message 7 of 11
Community Leader
Super Contributor

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?

Sorry to hear about the outcome @CreditCuriosity. Your DPs certainly help to gauge my chances since I was ready to pull the trigger, but just like you and @woodyman100, I'd be in the same boat with the UW interrogation. So, I'm thinking putting this one on hold for a few months or going for British Airways around fall 😁

At this pace, I can only do 1 Chase application per year LOL, provided it remains outside of the 5/24 restriction.
Message 8 of 11
Valued Contributor

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?


@CreditCuriosity wrote:

Was recently denied for it for too many new accounts.. Granted it was 30 days message on phone for awhile and ended up calling in (i know I know I should of waited) so probably shot my own self in the foot, but was at 27/24 cards per the UW(how can you even try to begin to explain this lol and that didn't include business credit and said well I just bought a new house and needed x,y,z and realized I was digging myself in a hole and said yep you are right I won't try to recon this as felt like I was about to be lectured by my mother).. I said I understand I I want to continue to value your relationship so didn't try to recon Smiley Happy.  In all honesty it might of been a blessing as want the Hyatt 60k more although the hidden TL would of been better..  Will cool it for 4-6 months and pick up the hyatt at the end of the year.


I got the 30 day message but was approved the next day.   I am not sure what was different about your profile.  Do you have a ton of Chase cards?  

BOA Premium Rewards, AMEX BCE, AMEX PRG, AMEX Ameriprise Platinum, AMEX SPG, AMEX SPG BIZ, CITI AADvantage Platinum, CITI AADVantage Business, Chase Hyatt, Chase Southwest Premier, Chase Southwest Plus, Chase Marriott Business, Barclay Arrival +, Barclay AAdvantage Red Aviator, Barclay Aviator Business, USAA Prefered Cash Rewards, Citi Thank You Premier, JCrew, Pottery Barn, Express, NFCU Go Rewards.

Former Cards: Lendup L Card, Bank of America Cash Rewards, Capital One Quicksilver
Message 9 of 11
Moderator

Re: Is Chase Marriott Premier Business Rewards Card subject to the Chase 5/24 rule?


@frogman1 wrote:

@CreditCuriosity wrote:

Was recently denied for it for too many new accounts.. Granted it was 30 days message on phone for awhile and ended up calling in (i know I know I should of waited) so probably shot my own self in the foot, but was at 27/24 cards per the UW(how can you even try to begin to explain this lol and that didn't include business credit and said well I just bought a new house and needed x,y,z and realized I was digging myself in a hole and said yep you are right I won't try to recon this as felt like I was about to be lectured by my mother).. I said I understand I I want to continue to value your relationship so didn't try to recon Smiley Happy.  In all honesty it might of been a blessing as want the Hyatt 60k more although the hidden TL would of been better..  Will cool it for 4-6 months and pick up the hyatt at the end of the year.


I got the 30 day message but was approved the next day.   I am not sure what was different about your profile.  Do you have a ton of Chase cards?  


4 others one at about 46k exposure which is approx 1/3 of my income so not at their ceiling as typically they do 50ish percent and sometimes higher of a persons gross income.  Reason why I think I got stuck in 30 day review for over 8 days is I applied as a sole prop., but used my Business name vs. my personal name or I might of just got by in a day or two like yourself.. I certainly could of used my EIN, etc. but didn't want to go through that hassle as Sole Prop. is just so much easier and recently just got a Barclay's business Aviator that was and was cake and we all know Amex is cake getting business cards.. I suppose I was just use to getting Amex Business cards with my business name on them vs. going the sole prop route and using my name in the business name section.  Shrug I suppose lesson learned.  I did my name for barclay's as read nightmares about all the documents they requested if you did a LLC, etc. and was painless.

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | Barclay's | Fifth Third Bank | BB&T | Synovus | Commerce
Message 10 of 11