Testing Chase 5/24, Store Cards, Received 30 Day Review Message

[jeepbrew]

Hi All - I've seen mixed reviews about Chase' 5/24 rule and whether it includes store cards (non-MC / Visa).  Some say it does, some say it doesn't.  So, I decided to test the waters, and received the 30 Day review message.  If they don't count store cards, I am at 4/24.  If they do count store cards (Lowes, Tractor Supply, & Best Buy) then I am at 7/24, which seems to me would be an auto-deny.  Do they typically auto-deny for 5/24 rule?

Anyway, if it works out, I applied for the CSP to take advantage of the existing 100k SUB offer.  If they do count store cards and it doesn't work out, I won't be under 5/24 until this time next year.  So, I guess we'll wait and see.  FYI - I applied yesterday and got the 30-day message.  Called robo-lady today and she says "2 weeks". So, not sure if it has been processed/reviewed yet or not.  Any ideas?

FYI, I live in Alabama and Chase has always pulled EQ & EX for me.  My EQ Fico is 810 and EX is 796, so I suspect the only reason for a denial (if that happens) will be 5/24.  

[Remedios]

I have no idea why you'd believe there are mixed opinions regarding store cards. 

5/24 has been in effect long enough to leave no doubt if they count or not. 

If it's cc/charge card, it counts. 

[jeepbrew]

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@Remedios wrote:

I have no idea why you'd believe there are mixed opinions regarding store cards. 

5/24 has been in effect long enough to leave no doubt if they count or not. 

If it's cc/charge card, it counts. 

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I've seen plenty of DPs to lead me to believe there are mixed opinions.  Here is one I just found with a quick search:

https://ficoforums.myfico.com/t5/Credit-Cards/Chase-5-24-rule-does-NOT-include-store-cards/td-p/5594...

Anyway, I guess I'll find out.  I figured the hard pull was worth the risk for the 100k Chase UR.  If I don't get it, there is no loss as I don't need it.  

[TSlop]

I "tested" the 5/24 rule last December (2019) and I was denied for the Hyatt card when I was 6/24. The denial was for too many accounts in 24 months. The 6/24 included a Google store account and a Wolf Furniture account (both Synchrony), so it definitely takes into account "store" cards.

As always, YMMV. In the post you linked, that person either slipped through the cracks or had a profile that Chase didn't mind expanding. I don't interpret that post from over 2 years ago to be sending mixed messages, especially after seeing the first comment by FinStar.

[jeepbrew]

Yeah, I've seen plenty of other examples in other places (not all on myFICO), and like you said, YMMV in any situation.  Regardless, I wanted to try it out myself... nothing to lose and 100k Chase UR to potentially gain.  That offer likely won't come around again when I am officially < 5/24.  Still surprised I wouldn't get an auto-denial if I am 7/24.  Seems like a no-brainer.   I just checked and they did pull both EQ and EX as they have in the past, but I suspect that is automatic and they'd pull both even if one is 5/24 or >.  Anyway, I'll post back when I know the results.

[TSlop]

Ya, I'm pretty sure mine was auto-denied and then had to wait for the letter. But maybe you'll squeeze through... you never know unless you try. 

[Bizambish]

Following along to see how it works out! Good luck

[FalconSteve]

Store cards definitely count as one of the cards towards the 5/24

AU cards count too

[jeepbrew]

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@FalconSteve wrote:

Store cards definitely count as one of the cards towards the 5/24

AU cards count too

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If that is the case, then I am at 7/24 and I'll be getting my rejection letter at some point in the near future and I suspect the reasoning will be "too many new accounts", or something similar.  As of right now, 48+ hours into it, robo-lady still says the "2 weeks" message.  I know Chase is slow, but the 5/24 rules seems like an easy one that could be automated.  Surprised it is taking this long to switch to the 7-10 day message.  Who knows... maybe the message won't ever change and I'll still get the rejection letter.  We'll see.  

[TSlop]

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@jeepbrew wrote:

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@FalconSteve wrote:

Store cards definitely count as one of the cards towards the 5/24

AU cards count too

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If that is the case, then I am at 7/24 and I'll be getting my rejection letter at some point in the near future and I suspect the reasoning will be "too many new accounts", or something similar.  As of right now, 48+ hours into it, robo-lady still says the "2 weeks" message.  I know Chase is slow, but the 5/24 rules seems like an easy one that could be automated.  Surprised it is taking this long to switch to the 7-10 day message.  Who knows... maybe the message won't ever change and I'll still get the rejection letter.  We'll see.  

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I've read on here that it is true that AU cards count, but that you can typically get it reconned for the AUs if it put you over 5/24.