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Congrats on your new Sapphire card
@Aim_High wrote:
As for the 5/24 rule, while not "official" from Chase it is well-documented, possibly better than any other lender's data points since they are such a large lender. (Other lenders may have similar rules which just aren't as well documented.) The rule applies to new revolving credit accounts reporting to the credit bureaus on your PERSONAL credit file. So, new business cards don't count. Installment loans like personal loans, auto loans, mortgages don't count. It's possible that some store cards wouldn't count - if they didn't report to the bureaus, but they do count if they are reported and are revolving accounts.
Chase has long allowed some named exceptions to the 5/24 rule, and the "Green Star" or "Black Star" preapprovals are the best known. They can be offered on a case-by-case basis on any of their cards. Occasionally, there have been reports on some members being approved in excess of 5/24 without the Green/Black Star, most recently on the Chase Amazon cards. But other than the above cases, 5/24 appears to be a consistent rule.
For the first time ever, a month ago I got 3 greenies. I was 4/24 at the time. At the time, I was considering the Instacart card
Congratulations on your approval!
@Meanmchine wrote:
@Aim_High wrote:
As for the 5/24 rule, while not "official" from Chase it is well-documented, possibly better than any other lender's data points since they are such a large lender. (Other lenders may have similar rules which just aren't as well documented.) The rule applies to new revolving credit accounts reporting to the credit bureaus on your PERSONAL credit file. So, new business cards don't count. Installment loans like personal loans, auto loans, mortgages don't count. It's possible that some store cards wouldn't count - if they didn't report to the bureaus, but they do count if they are reported and are revolving accounts.
Chase has long allowed some named exceptions to the 5/24 rule, and the "Green Star" or "Black Star" preapprovals are the best known. They can be offered on a case-by-case basis on any of their cards. Occasionally, there have been reports on some members being approved in excess of 5/24 without the Green/Black Star, most recently on the Chase Amazon cards. But other than the above cases, 5/24 appears to be a consistent rule.
For the first time ever, a month ago I got 3 greenies. I was 4/24 at the time. At the time, I was considering the Instacart card
Hi @Meanmchine : curious, at the time you got the greenies, how recent did you become 4/24?