5/24 rule question

[Anonymous]

When I applied for the chase sapphire preferred, they pulled from EQ and EX. Does that count as a single pull or is that two against the 5/24? I had one other inquire do the same, they pulled from two.

I would imagine they cross compare inquiries, but don't know for sure.

[Anonymous]

Well the 5/24 rule is not in regards to inquiries...it is new accounts.

[EmmaGolden]

5/24 is 5 new actts in 24 months auto- denial

Not sure what you mean in reference to compare inquiries but each HP is 1 inquiry on which ever CR that is pulled. So for chase sapphire preferred you got 1 HP on EX & 1 on EQ. Hope that helps

[Anonymous]

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@Anonymous wrote:

When I applied for the chase sapphire preferred, they pulled from EQ and EX. Does that count as a single pull or is that two against the 5/24? I had one other inquire do the same, they pulled from two.

I would imagine they cross compare inquiries, but don't know for sure.

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I think you misunderstand the 5/24 meaning. 

It is 5 or more credit cards opened within the previous 24 months. Inquiries are not part of that rule.

But, to answer your question - in a general sense you received 2 inquiries. If a lender were to pull only 1 report, they would see only the inquiries on that report.

[Anonymous]

Oh. I absolutely did have that confused. I thought it was inquiries, not opened accounts. Thanks for setting me straight.