Chase 5/24 question

[mowglidude]

So I was approved for two Chase CC's back in March along with one Barclaycard. So I decided to app for the Chase FU, to fulfill trifecta of CSP & Marriott. Received letter saying I was denied to 'too many credit cards opened in the last two years" which I have read about on the forums many times (5/24). When I called recon, several times actually, they were all pretty stern, that I had opened up too many accounts, incuding a couple a few years ago, I don't even use, an old store card etc..I explained I've spent over $10K on the recent CSP and Marriott cards I've had with them since March, PIF, 0 balance. Today, for s..ts & giggles, I called robolady, only to hear the same 7-10 review message. I hit O & spoke to a CSR who stated it was still being reviewd and he sees no denial. I asked if it is denied, will auto line state that, he said yes. My question is, have you heard, or know of anyone being approved after receiving that initial letter?

[Anonymous]

I hate to be the bearer of bad news...   It will still be declined although the robo lady is still telling you it is being reviewed. I haven't heard yet anyone denied for the 5/24 rule and then getting approved.

[mowglidude]

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@Anonymous wrote:

I hate to be the bearer of bad news...   It will still be declined although the robo lady is still telling you it is being reviewed. I haven't heard yet anyone denied for the 5/24 rule and then getting approved.

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Yeah, kinda figured, even though CSR saw no denial on his end?

[Anonymous]

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@mowglidude wrote:

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@Anonymous wrote:

I hate to be the bearer of bad news...   It will still be declined although the robo lady is still telling you it is being reviewed. I haven't heard yet anyone denied for the 5/24 rule and then getting approved.

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Yeah, kinda figured, even though CSR saw no denial on his end?

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Correct.  Ultimate decision is made by the ledning department and if you have called them twice and it was a null, then no chance.  Your file /application has probably not yet been updated to reflect decision made.

[Anonymous]

How set in stone is the 5/24 rule? A friend of mine got approved for the Slate with a 5k limit recently as her first Chase card and she has 10 or so new accounts in the last two years. Credit score around 700.

[creditguy]

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@Anonymous wrote:

How set in stone is the 5/24 rule? A friend of mine got approved for the Slate with a 5k limit recently as her first Chase card and she has 10 or so new accounts in the last two years. Credit score around 700.

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Slate is known to be a somewhat of an exception to the 5/24 rule. Many people have posted of a Slate approval with more than 5 accounts in 24 months. My guess is because it's a zero rewards BT card, so there's no churning to prevent. However the CSP, FU and Freedom are held strictly to the 5/24 rule, although you'll always see someone claim to be the exception to the rule. 

[Anonymous]

I was over the 5/24 rule whe nI got both my Freedom and CSP. Hell I even had an old CO with Chase becuase of Identitiy theft....I called and they approved me. Both back to back within a 24hr time frame. There is hope but I guess its next to none...or so I'm told!

[mowglidude]

How long ago did that take place? I called recon, two separate times and they both stated matter of factly, that I had opened up too many accounts, incuding a couple a few years ago, I don't even use, an old store card etc..Like I said earlier, I explained I've spent over $10K on the recent CSP and Marriott cards I've had with them since March, PIF, 0 balance. I called robolady again today, only to hear the same 7-10 review message. I thought I had read in these forums, people being denied, getting the letter and a card showing up later. Who knows I guess?

[Anonymous]

Not going to happen.  Co-branded you can still get approval but not the branded cards.  I'm flat out waiting until my report shows nothing in the last 24 mos & no new inq's.

[mowglidude]

I thought I was safe thinking store cards & co branded was not included in the 5/24. Guess I was wrong.