Congrats on your Chase Sapphire Preferred approval
@SumMischief wrote:No, none of the six cards are store cards. Three are Amex cards and three are Navy Federal cards.
Great that you mention that though it is best to know as much info as to add to data. Hopes this helps.
As far as I know, store cards do count as new accounts under 5/24 : "Generally, all personal credit cards, including charge cards and retail store cards, are factored into your 5/24 count. " https://www.nerdwallet.com/article/travel/chase-5-24-rule-explained
Congratulations on your Chase Sapphire Preferred approval, @SumMischief!
The Sapphire cards are great! Enjoy!
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.
Ah, I know what you're talking about I've seen the "green star" before. However, in the mobile app, I didn't see one. I did decide to go back into my account since you said this via the web, the only offer that remains is the auto loan and it has a "green star". I can assume the credit card offers were the same but I let that info slip.
@Aim_High wrote:Congratulations on your Chase Sapphire Preferred approval, @SumMischief!
The Sapphire cards are great! Enjoy!
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.
These two cards are my daily's. I keep sniffing around for offers of auto-increases or new cards and haven't had the luck yet. Congrats!!
@keekers wrote:
Very nice! I haven't sniffed a pre-approval being over 5/24.
I haven't sniffed one being under 5/24 
