New chase amazon now follows 5/24?

[BronzeTrader]

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@Anonymous wrote:
Yep many new inquiries spooks Chase.

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But AmEx seems care less. 

[Anonymous]

Don't "store" cards not count for 5/24 with Chase?  I read that only non-store cards (ie Visa, MC, etc) that can be used at any store are what are counted when considering 5/24?

[Anonymous]

There have been many exceptions to people being > 5/24 and still getting approved for Chase products.  It would be good to know though for sure if this card definitely is or is not included for the 5/24 rule for those that it would impact.

Another thing regarding the 5/24 rule... I've heard conflicting reports on whether or not non-credit card accounts in the last 24 months "count" toward the rule.  For example someone opening an auto loan, mortgage, etc. 

Me for example, I've opened 4 credit cards in the last 2 years but also 2 auto loans... so I wonder if Chase would view me as 4/24 or 6/24.  Regardless, I get multiple pre-quals on their site (Slate, FU, CSP) so I'm thinking I would get approved if I were to apply for one of their products.

[Anonymous]

I believe the rule with Chase is the card counts if it can be used as a credit card and accepted everywhere. Cards that are just for a specific store or company do not count if they are not accepted anywhere else.  Installment loans do not count towards 5/24...  The CSP will give the best SL and bonus.

[sjt]

5/24, too many inquiries or new accounts seem to be a YMMV thing. I would have your friend call for a recon.