@Anonymous wrote:I would be very surprised if Chase actually dropped it to 2/24. I think it's more likely that there's some BS info floating around their offices.
or they're being PETTY towards churners right now LOL. Some of us don't churn so that's really messed up.
@Anonymous wrote:WOW WOW WOW
I had several people message me today to say the Prequalifies they had with Chase online yesterday have now disappeared. I wonder if this is why. They were each waiting for a statement balance to update to paid off prior to applying and yikes to this possible news. Maybe that is the explanation though.
Wonder where they should go instead for similiar approvals?? Suggestions?
To be fair, not having a Prequal according to Chase has never been an impediment to obtaining a card, at all. Doubt that's changed necessarily.
2/24 sounds, overly punitive, but I don't have Chase's dataset. Also we've seen a couple of Chase approvals that still follow the 5/24 rule seemingly but guess we'd have to compare dates. I'm not going to go screaming that the sky is falling just yet as that seems patently absurd in the current market unless they're expecting a financial downturn and they're battening down the hatches.... or otherwise moving their portfolio out of credit cards.
I suppose either is possible or some combination of both, and I'd wager the "normal" consumer probably opens less than one card a year but I'm thinking a lot of people will fall afoul of this not just forum or similar folks if accurate.
