Possible Chase 5/24 Workaround?

[Anonymous]

In Feb 2018 I got a CSP approval after being denied for a Freedom Unlimited in Dec 2017. Denial was because I was at exactly 5/24. The difference between Dec and Feb was that I consolidated two of my older accounts in (CO QSO and CO QS). I applied for the CSP after the QSO reported as closed. I was technically at 5/25 but only 4/24 with open accounts. Which has me thinking that maybe 5/24 only looks at open accounts. I'm not suggesting to mess with you AAoA but it might be helpful.
I recently applied for FU and Freedom after getting a targeted offer but was denied b/c I was over 5/24. I'm entertaining the idea of consolidating my last Venture and QS since I don't use the QS which would put me at 4/24 open by the next reporting. Only problem is my QS is my oldest card but I prefer my Venture points. And I have no PC offers for the QS so I risk losing my double miles. Upside would be the possibility of getting the CSP/FU/Freedom trifecta would make up for the Venture.

Thoughts???

[ScarlettClone]

The 5/24 rule applies to all acounts that have been opened in the last 2 years, regardless of whether or not the account is still open.

Closing an account will not help 5/24.

[dragontears]

Agree, closing new cards will not work to get around 5/24.

[Anonymous]

Thank you for your opinions. I guess I was just lucky with 5/24 in Feb. And if it works again, I'll just be lucky again.

If anyone has any comments about which card to consolidate I'd appreciate the positive feedback.

[FinStar]

A Capital One consolidation can have some benefits depending on your goals. Some folks like the flexibility of having a larger CL depending on the average usage.

Keeping in mind the Venture AF, are you using the latter primarily for some travel rewards that can offset the AF on a long-term basis versus the CSP? There's been some success in having the AF waived after the first couple years or so, but YEMV.

[Anonymous]

The AF was waived the first year on the Venture and is definitely a reason for wanting to close it. I prefer to use the CSP for my travel benefits and the possibility of joining that with the Freedom and/or FU in the near or distant future would make Chase Ultimate Rewards my number one for travel benefits. My overall goals are to have strong limits, little to no fees, and great rewards (especially for domestic travel).

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@FinStar wrote:
A Capital One consolidation can have some benefits depending on your goals. Some folks like the flexibility of having a larger CL depending on the average usage.d

Keeping in mind the Venture AF, are you using the latter primarily for some travel rewards that can offset the AF on a long-term basis versus the CSP? There's been some success in having the AF waived after the first couple years or so, but YEMV.

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[Anonymous]

The only workaround is when you get offers from Chase.
You can see/find them in your account when you log on.

[coldfusion]

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@Anonymous wrote:
The only workaround is when you get offers from Chase.
You can see/find them in your account when you log on.

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Data points have started to crop up over the last several weeks that the loophole of online offers bypassing 5/24 has been closed but in-branch still works.  YMMV. 

[Anonymous]

Just an update, a banker contacted me because I had approval for both Freedoms. I app'd in branch and was approved for 7.5K which is 2.5K more than my Sapphire Pref which I got in February.