Hello to all,
I am new in this forum and I would like to see some opinions regarding chase disney credit card or other credit cards that are not included in the 5/24 rule.
My current Fico scores are: EX 733 TU 733 EQ 725
I currently have 4 inquiries on Experian, 12 on Transunion, and 13 on Equifax.
I have had my car loan with chase for 2 years and a half with 1 late payment ( 30 days and about 1 year and a half ago )
I have 6 new accounts on my Experian report and 11 months of average of credit being my wells fargo credit card the oldest credit card ( 2 years and 6 months )
My credit utilization is reportin 0% right now.
Do I have chances with them?
Thanks
Thanks PlyStar93 I really want to have a chase credit card, but I think it would be a good idea if I wait until my credit cards pass the line of the 2 years and then apply, that way my accounts will be older and inquiries will fall of my reports
@PlyrStar93 wrote:
Chase has likely modified the 5/24 rule recently to include all cards into the rule. Some recent datapoints show people getting declined for the cards used not to subject to 5/24 previously and the reason was too many new accounts.
Chase sure has become a jealous biotch lately.
Does chase frequently pull Experian or they pull TU or EQ?
@rubendari93 wrote:Does chase frequently pull Experian or they pull TU or EQ?
Depends on the region, they pull both EX and TU for mine. I have also seen others here getting EQ+EX or other combinations too.
@rubendari93 wrote:Thanks PlyStar93 I really want to have a chase credit card, but I think it would be a good idea if I wait until my credit cards pass the line of the 2 years and then apply, that way my accounts will be older and inquiries will fall of my reports
Waiting for a while would be better for the accounts to age. On a side note, I wonder if you have some specific reason to choose the Disney card, e.g. if you shop frequently at Disney. I would go with the Freedom+CSP/CSR route for the better value and flexibility of rewards in general.
I dont have a specific reason for the Disney card I thought about that one because it is a co-branded card so I thought it would probably be exluded from the 5/24 rule and a little easier to get.
My main card now is Barclaycard arrival plus and I really love it, but adding the CSP/CSR to my my wallet wouldn't be a bad idea at all.
A very recent datapoint: Disney Denied - 5/24 Rule
@rubendari93 wrote:Thanks PlyStar93 I really want to have a chase credit card, but I think it would be a good idea if I wait until my credit cards pass the line of the 2 years and then apply, that way my accounts will be older and inquiries will fall of my reports
Welcome @rubendari93!! And I would say this is a good safe approach. When reading your post, the new accounts jumped out at me as a possible reason they would give to deny you. After the dust settles and there isn't much new action on your reports, the timing may be a bit better.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |