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(Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status

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SPChaser
Established Contributor

(Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status

I had been seeing this pop up on Reddit but didn't give much credence to it until I saw it also being mentioned on Doctor of Credit site, so I decided to mention this new Chase DP here as well. Site starts off by saying -

 

There are a number of Reddit reports about Chase approving people for the new Sapphire Preferred 80,000 offer/ 90,000 offer, despite their being past 5/24. That is to say, despite their having 5 new cards showing on their credit report as having been opened within the past 24 months they were able to get approved for the new Sapphire Preferred card.

 

 

“Play the game, but don't believe in it“
Message 1 of 16
15 REPLIES 15
JoeRockhead
Senior Contributor

Re: (Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status

Interesting, I haven't seen this about the Sapphire. I am convinced after seeing numerous posts about the Amazon cards that they are no longer subject to the 5/24 rule. Thanks for posting.

Message 2 of 16
Jnbmom
Credit Mentor

Re: (Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status

I read the article on doctor of credit and it states the 5/24 rule  applies though ?

EXP 780 EQ 791TU 795
Message 3 of 16
CreditCuriosity
Moderator Emeritus

Re: (Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status

Don't believe it.. Sure a few might slip through, but most people don't know what 5/24 really means.. Some think it is just applications and not approvals, while others thing it is inquires etc and a general misunderstanding of the rule.  This happened early this year or last year on ink card as well and wasted a HP and I wasn't much over 5/24 at time and many people wasted HP's.  Sure one can get around 5/24 for cards like Amazon where their partnership probably has something written into it, etc, but core cards I wouldn't believe one bit until tons of DP's come in from reputatable people of this rule change is official as many have tried to recon to be told the 5/24 rule is certainly still enforced by the UW'er and they are powerless.  If you don't mind using a HP or two go for it, but results if violating 5/24 rule are slim at most of approval.  Eventually if this economic downturn prolongs chase might loosen it up as they need new business with people that have income and good scores and possibly willing to pay interest vs. approving people with average credit and lower income and likelyhood of higher chargeoffs, but until that rule is offically changed, be cautious

Message 4 of 16
SPChaser
Established Contributor

Re: (Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status


@JoeRockhead wrote:

Interesting, I haven't seen this about the Sapphire. I am convinced after seeing numerous posts about the Amazon cards that they are no longer subject to the 5/24 rule. Thanks for posting.


You're welcome. It definitely piqued my interest. 

“Play the game, but don't believe in it“
Message 5 of 16
SPChaser
Established Contributor

Re: (Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status


@CreditCuriosity wrote:

Don't believe it.. Sure a few might slip through, but most people don't know what 5/24 really means.. Some think it is just applications and not approvals, while others thing it is inquires etc and a general misunderstanding of the rule.  This happened early this year or last year on ink card as well and wasted a HP and I wasn't much over 5/24 at time and many people wasted HP's.  Sure one can get around 5/24 for cards like Amazon where their partnership probably has something written into it, etc, but core cards I wouldn't believe one bit until tons of DP's come in from reputatable people of this rule change is official as many have tried to recon to be told the 5/24 rule is certainly still enforced by the UW'er and they are powerless.  If you don't mind using a HP or two go for it, but results if violating 5/24 rule are slim at most of approval.  Eventually if this economic downturn prolongs chase might loosen it up as they need new business with people that have income and good scores and possibly willing to pay interest vs. approving people with average credit and lower income and likelyhood of higher chargeoffs, but until that rule is offically changed, be cautious


On the whole, I agree, but I finally decided to post on this when I found Doctor of Credit was also giving DP about it, not just Reddit. 

“Play the game, but don't believe in it“
Message 6 of 16
SPChaser
Established Contributor

Re: (Reports) Chase Approving Some People For Sapphire Preferred Despite 5/24 Status


@Jnbmom wrote:

I read the article on doctor of credit and it states the 5/24 rule  applies though ?


Yeh the rule still applies, yet some have been approved even being over 5/24. 

“Play the game, but don't believe in it“
Message 7 of 16
keekers556
Regular Contributor

Chase 5/24 suspended for CSP?

It appears on Reddit that there is evidence of people getting approved over 5/24 for the Chase Sapphire Preferred since their new 80k intro bonus offer was introduced.  I trust the folks here more than Reddit so I'm wondering if anyone here has been approved over 5/24 for the CSP?  Has this sort of thing happened before for non co-branded cards?










Message 8 of 16
Jnbmom
Credit Mentor

Re: Chase 5/24 suspended for CSP?

Message 9 of 16
keekers556
Regular Contributor

Re: Chase 5/24 suspended for CSP?

Whoops. Thanks...I guess delete this thread.









Message 10 of 16
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