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Amazon Prime Visa Signature (Shocker)

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Janneman
Valued Contributor

Re: Amazon Prime Visa Signature (Shocker)


@12njoy wrote:

@Janneman wrote:

I have been on this site for many years, and I have personally never seen this card to under 5/24 rule....I have even seen many people getting approved for this card who were 24/24....So, 5/24 rule was never applicable to this card based on my personal observation over the years...


I believe there was a 5/24 rule or something similar for this card as ive tried for a number of years to no avail.  The only consistency in my profile over those years was the continuation of adding new accounts.


There could be a 5/24 rule, but I have personally never seen anyone denying for this card for this rule. Rather applications were denied for lots of various reasons than this rule alone. I was surprised when I saw many members from this site were approved for this card despite of being 18/24....including some of my best friends.....

Message 11 of 19
woodyman100
Valued Contributor

Re: Amazon Prime Visa Signature (Shocker)

Just tried to apply and there is no button to do so

NFCU-ICCU-EECU-Texas Trust CU-PSECU-DoverFCU-HarvardFCU-Keypoint CU-DCU-Union Square FCU-SignatureFCU-AODFCU-RedstoneFCU-RRCU-UFCU-USAllianceFCU-ANB-CapitalOne-Regions-Goldman Sachs (Apple)-Barclay-G Bank-Evolve-Fifth Third-Gemini-Huntington-Imprint-USBank-Pinnacle-John Deere-Discover-BofA-BofA Biz-Chase-Chase Biz-Amex-Amex Biz-Wells Fargo-Commerce-FNBO-Citi-Citi Biz-Synchrony-Synchrony Biz-Target TD-Third Coast Bank-Trevipay-UMB-USAA-Amegy-Amegy Biz-Citizens Biz-Comenity-Bread -DSNB-Webbank
Message 12 of 19
12njoy
Super Contributor

Re: Amazon Prime Visa Signature (Shocker)


@Janneman wrote:

@12njoy wrote:

@Janneman wrote:

I have been on this site for many years, and I have personally never seen this card to under 5/24 rule....I have even seen many people getting approved for this card who were 24/24....So, 5/24 rule was never applicable to this card based on my personal observation over the years...


I believe there was a 5/24 rule or something similar for this card as ive tried for a number of years to no avail.  The only consistency in my profile over those years was the continuation of adding new accounts.


There could be a 5/24 rule, but I have personally never seen anyone denying for this card for this rule. Rather applications were denied for lots of various reasons than this rule alone. I was surprised when I saw many members from this site were approved for this card despite of being 18/24....including some of my best friends.....


Not saying you are wrong and see that your personal experience is just different than mine.  That's what makes these forums so beneficial.  Its not a one size fits all model Smiley Tongue

(Formerly known as: Credit is my hobby (2M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 13 of 19
12njoy
Super Contributor

Re: Amazon Prime Visa Signature (Shocker)


@woodyman100 wrote:

Just tried to apply and there is no button to do so


I searched for Amazon preapproval and found a link that took me to Amazon where I had to sign in and that gave me the option to check and see if I was pre-qualified.  Given my profile of new accounts I would never cold apply for any chase card, co-branded or not.  I was even hesitant with pre-qualified-vs- preapproved but I did some searching on Amazon pre-qualified and what sealed it for me was this was the first time that I was actually pre-qualified.  Every other time it said I was not.

(Formerly known as: Credit is my hobby (2M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 14 of 19
coreyb80
Super Contributor

Re: Amazon Prime Visa Signature (Shocker)

Congrats on the strong approval!

Message 15 of 19
cashorcharge
Community Leader
Super Contributor

Re: Amazon Prime Visa Signature (Shocker)

WOOHOO!! Congratulations on your Approval!!👏🏼🍾🥂

Message 16 of 19
mgood
Valued Contributor

Re: Amazon Prime Visa Signature (Shocker)


@DanteJuan95 wrote:

@mgood wrote:

Yeah, the Prime Rewards card was the first crack in Chase's 5/24 wall. I think Amazon was upset that Chase was turning away customers who otherwise had good credit profiles but were over 4/24 and may have been looking (or threatening to look) at other banks to back their credit card. Chase caved and started approving folks who were 5/24 and more.

 

Congrats. Very nice SL.


That's not surprising, considering that their so-called 5/24 seems to be a way to gatekeep people from applying further beyond the 5/24 rule or is it possible that they decide to slowly and quietly abandoned the rul?

They have not abandoned it, but it may not be the brick wall it used to be.

I know that right after I waited to get down to 4/24 to apply for the CSP, and got approved (January 2023), they started approving a bunch of people, for that card specifically, who were over 4/24. I think there were cases of others getting approved for other cards around that time as well. So it looked like . . . maybe they still considered 5/24 . . . but maybe it was no longer an absolute barrier to approval, just one of many things they consider. They may have tightened back up on that restriction since then. I haven't been paying that close attention.

I do know that being 5/24 used to mean no CLIs from Chase either, but since that time I have gotten at least one, and I think two, CLIs while I was over that limit.



EQ8 780, TU8 746, EX8 765 as of May 29
AZE13 - 8% Utl - New Cards: 1/6, 3/12, 5/24
Message 17 of 19
12njoy
Super Contributor

Re: Amazon Prime Visa Signature (Shocker)


@coreyb80 wrote:

Congrats on the strong approval!


Thank you

(Formerly known as: Credit is my hobby (2M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 18 of 19
12njoy
Super Contributor

Re: Amazon Prime Visa Signature (Shocker)


@cashorcharge wrote:

WOOHOO!! Congratulations on your Approval!!👏🏼🍾🥂


Thanks

(Formerly known as: Credit is my hobby (2M)/TCL objective)
___________ 12Njoy
FICO - EX 825; EQ 807; TU 810 I'm climbing back to 800+
Message 19 of 19
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