I created a spreadsheet to help me keep track of my most recent inq and new accounts (mini app-spree), was wondering if someone can confirm this information for me. Here are a few DPs: Chase Amazon Visa opened 8/17; TD/Robbins Bros opened 3/18; CU Auto Loan opened 5/18, USB REI CC opened 1/19, Amex Ed opened 2/19, Discover It opened 3/19, PenFed Visa opened 3/19 and Marcus PL opened 3/19.
| At 5 (credit/charge cards) / 24 (months) until: 08/2019 |
| At 5 (all accounts) / 24 (months) until : 05/2020 |
Extra DPs - using the MPL to refinance high APR CC debt and new Amex & PenFed to split a high BT transfer. Disco is for 5% (10%) rewards and USB REI for summer backpacking expenses.
EDIT: Lol, forgot to ask the question: Are there any cards that I should app for before hitting the garden? I feel like I am set on my rewards and BT, so at this point it would be just for a small SUB, between $500-1000 spend.
I appreciate the help!
@FinStar wrote:
Based on the information you provided, personal, auto, student, mortgage loans (and the like) can be excluded from the 5/24 approach.
That being said, it appears you've opened 6 credit card accounts in the span of ~2 years with 3/19 as the most recent.
So, if you're looking for guidance on how soon you can clear the 5/24 hurdle, as it stands to be....wait for it, wait for it.... between 3/2020 and 4/2020 😁
Bah! That is what I was afraid of, lol. I guess I can either grab one more for the sake of SUB, head to the garden for 12-13 months or let all of these mature for 24 months...sounds painful 
@FinStar wrote:
Sounds like you have a pretty well-rounded portfolio, especially with the recently added new accounts from AmEx to Discover and PenFed.
Is there anything rewards-wise where you see a gap? IMO, unless your profile supports it, I wouldn't add CCs just for the sake of adding them. Your profile, your choice though.
Not really, I was eying a travel rewards card but DW and I only have 2 vacays planned this year and she has enough points to purchase tickets. I plan on using PenFed to cover car rental to help meet the SUB. Thank you @FinStar, I feel confident heading to the garden now.
@Five6Two wrote:I created a spreadsheet to help me keep track of my most recent inq and new accounts (mini app-spree), was wondering if someone can confirm this information for me. Here are a few DPs: Chase Amazon Visa opened 8/17; TD/Robbins Bros opened 3/18; CU Auto Loan opened 5/18, USB REI CC opened 1/19, Amex Ed opened 2/19, Discover It opened 3/19, PenFed Visa opened 3/19 and Marcus PL opened 3/19.
At 5 (credit/charge cards) / 24 (months) until: 08/2019 At 5 (all accounts) / 24 (months) until : 05/2020
Extra DPs - using the MPL to refinance high APR CC debt and new Amex & PenFed to split a high BT transfer. Disco is for 5% (10%) rewards and USB REI for summer backpacking expenses.
EDIT: Lol, forgot to ask the question: Are there any cards that I should app for before hitting the garden? I feel like I am set on my rewards and BT, so at this point it would be just for a small SUB, between $500-1000 spend.
I appreciate the help!
If you want to get a Chase card, no you shouldn't apply for any new card. You should just hit the garden.
I don't know what Robbins Bros is. 5/24 only applies to revolving accounts.
If it's not a revolving account, then you should be in the clear in September 2019 I think. But I'm not a Chase expert, so the Chase experts will need to confirm.
That’s a great tool, thanks! Unfortunately it includes installment accounts which I believe are not counted in Chase’s 4/24 approach. At least, that’s what I’ve read around here.
Robbins Brothers is a jewelry store, store card backed by TD - revolving account I suppose.