Chase 5/24? Or 4/24?

[Creditplz]

DW score is 803 as of today, she usually hovers around that area, and I manage all credit for her

She's currently at 5/24, does this mean she's got a shot at chase or is it really 4/24? Since the 5/24 would be the chase card?. 

thanks!

[simplynoir]

To keep it simple at the time someone applies for a Chase card they must be at 4/24 or lower in order for the application to not be auto-denied due to 5/24 status. The little work around is if at 4/24 you apply for a Chase business card since that will not appear on someone's personal credit report they'll still be able to apply for a personal card with Chase

I honestly have no clue if green/black checkmarks offers are still a thing that over comes 5/24 since I haven't seen one on my account for a long time

[FinStar]

5 revolving accounts opened in the past 24 months. If she's at 4/24 and gets approved, then she'll be at 5/24 when the account reports.  So, if she's applying today, count from today's date how many accounts were opened in the past 24 months. The count includes store cards, PLOCs, HELOCs, etc.

[FinStar]

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@simplynoir wrote:

To keep it simple at the time someone applies for a Chase card they must be at 4/24 or lower in order for the application to not be auto-denied due to 5/24 status. The little work around is if at 4/24 you apply for a Chase business card since that will not appear on someone's personal credit report they'll still be able to apply for a personal card with Chase

I honestly have no clue if green/black checkmarks offers are still a thing that over comes 5/24 since I haven't seen one on my account for a long time

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Yes, green/black stars (typically with solid APR) are still a thing to bypass the 5/24 restriction.

[Creditplz]

I got a CSR with black check mark a few weeks back, nothing on her online chase with check marks though.. 

aghhhh she's at 5/24, I'm assuming even a recon wouldn't help... so we will skip! Thanks for the response! Saves us a HP! 

[FinStar]

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@Creditplz wrote:

I got a CSR with black check mark a few weeks back, nothing on her online chase with check marks though.. 

aghhhh she's at 5/24, I'm assuming even a recon wouldn't help... so we will skip! Thanks for the response! Saves us a HP! 

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Correct, analysts (even a supv) won't be able to reconsider or overturn. There's been very rare instances where that has happened, but you have a better chance finding a tiny fleck of gold in some river than Chase approving anything 5/24. If she's close enough to clear the 5/24 hurdle, you/DW can wait things out 🤷‍♂️

[JLRDC909]

There has been some posts on here that people 5/24 and more have gotten approved for the CSP as it seems they are really pushing that card lately. 

I however tried to push my luck last weekend with the United card. Within seconds it was the 7-10 day message. Not instant decline, which I don't think Chase ever does, but that old 7-10 message. 

Robolady still saying the application is under review but I did speak to a rep. She said you have 5 OR more cards open in the past 24 months. I thought she said "it's still under review, but they still won't approve you with that number of accounts opened". 

lesson learned here. 

[ultimaterewardsguy357]

5/24 is more like 5/25 in my experience. It's often recommended to wait until the month after the card falls off from 5/24 count. Recently, I have seen a lot of people repeatedly be approved for Chase cards (Freedom Unlimited, Bonvoy Boundless, Sapphires, Southwest Business, Inks, etc.) being well over 5/24 - no special link, no pre-approvals, etc. -- This could be a sign that either Chase has relaxed rules or we can expect these applicants to have accounts or that particular card shut down.

[FinStar]

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@ultimaterewardsguy357 wrote:

5/24 is more like 5/25 in my experience. It's often recommended to wait until the month after the card falls off from 5/24 count. Recently, I have seen a lot of people repeatedly be approved for Chase cards (Freedom Unlimited, Bonvoy Boundless, Sapphires, Southwest Business, Inks, etc.) being well over 5/24 - no special link, no pre-approvals, etc. -- This could be a sign that either Chase has relaxed rules or we can expect these applicants to have accounts or that particular card shut down.

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If that were the case, and allegedly with such frequency, why was yours or the above poster not approved?  If the 5/24 restriction is "relaxed", there'd be more evidence here, especially in the Approvals forum or other blogs/boards like Reddit, TPG, FT, etc. 🤷‍♂️

[JLRDC909]

Good point. I also have a problem with Chase approving and then shutting down accounts later. While we all know they love the 5/24 thing, novice people might not know and just apply, only to get the card and it be shut down later. 

Chase should have better algorithms to spot this from the start. Maybe 12-15 years ago, before the 5/24 rule, when you applied, at the very top of the application, Chase would ask that you checked a box stating you were clear of bankruptcy and serious delinquencies. Maybe they ought the bring back that box for 5/24