Hello everybody
I have been absent on MyFico for quite some time and therefore I am not up-to-date anymore.
Even though I am fully aware of Chase 5/24 rule I could not resist in an application. Chase double pulled as usual for me and I got the 30 day message which is what I have been getting in the past. I am at 4 major cc and 1 store card so 5/24 and 1 major would be outside in January 17 or December 16 depending on how that is looked at. (date on my report 12/01/14) But since I have to charge a high amount end of November early December I took the risk and applied because like this the minimum spend would be done in 1 transaction. I know it should officially lead to a denial as the 5/24 is firm but since my EX and EQ are inquiry free I figured I will still shoot this app off and go for a gamble. Score is 783/780. The big question is how the store card is looked at ? Assume that when on report it is the same as a major cc?
Does anybody know how the 24 months period is counted? Card reported 12/01/14 outside on 12/01/16 or only 01/01/17?
@Anonymous wrote:I've heard that the 5/24 guideline doesn't always apply; people have reported being approved when they are already at or above 5/24.
I'm at 6/24-7/24 depending on which bureau you look at, and if I go to the Chase pre-qual site I get multiple pre-qual offers. Most have said that if I'm receiving those offers, I'd likely get approved if I applied. I have not apped yet, but have considered it. In March I drop to 3/24-4/24 so it just makes sense for me to not risk the denial at this time and hold off for 4 months should I decide to app for a Chase card, although I'm fairly confident in approval.
The bad part for me is that I never get any pre-approvals from Chase and have to blindly cold app 
We will see how that turns out. No big deal if it does not work out then I simply wait for another occasion where minimum spend is no issue. That might not be until end of 2017 or so.
edit: Looks that this worked for me - approval after 24 hrs with no need to call for verification or recon. I am happy
@Anonymous wrote:Hi Ig8, welcome back!
I don't know if you've had a chance to look through the Sapphire Reserve Data Points thread, but from all the posts I read ( ... all of them O_O ), I think you've a good chance of getting or reconing if necessary. Some posters have mentioned the Sapphire not coming up in the Prequal screen because of its more "elite" card status -- in any case, many of us had no offers before applying, so don't let that throw you off.
I really hope you get it (I booked my 2017 trip, literally, a few nights before applying for the Reserve, because I didn't think I'd get it - doh!)!
Thanks Doebear... and guess what it looks you are right. After login to my Chase accounts ....ta da... there it is a new account. CSR approved for 10K. Looks that Chase did ignore the store card for me as I had 5 accounts in 24 months with 1 being a store card. Also this is the first approval where I did not have to call in for verification Thank you Chase !
@lg8302ch wrote:
@Anonymous wrote:Hi Ig8, welcome back!
I don't know if you've had a chance to look through the Sapphire Reserve Data Points thread, but from all the posts I read ( ... all of them O_O ), I think you've a good chance of getting or reconing if necessary. Some posters have mentioned the Sapphire not coming up in the Prequal screen because of its more "elite" card status -- in any case, many of us had no offers before applying, so don't let that throw you off.
I really hope you get it (I booked my 2017 trip, literally, a few nights before applying for the Reserve, because I didn't think I'd get it - doh!)!
Thanks Doebear... and guess what it looks you are right. After login to my Chase accounts ....ta da... there it is a new account. CSR approved for 10K. Looks that Chase did ignore the store card for me as I had 5 accounts in 24 months with 1 being a store card. Also this is the first approval where I did not have to call in for verification
woooooooooooooooot! Congrats! :] Enjoy those 100k UR's (move CSP limit over when you get bored).
@elim wrote:
@lg8302ch wrote:
@Anonymous wrote:Hi Ig8, welcome back!
I don't know if you've had a chance to look through the Sapphire Reserve Data Points thread, but from all the posts I read ( ... all of them O_O ), I think you've a good chance of getting or reconing if necessary. Some posters have mentioned the Sapphire not coming up in the Prequal screen because of its more "elite" card status -- in any case, many of us had no offers before applying, so don't let that throw you off.
I really hope you get it (I booked my 2017 trip, literally, a few nights before applying for the Reserve, because I didn't think I'd get it - doh!)!
Thanks Doebear... and guess what it looks you are right. After login to my Chase accounts ....ta da... there it is a new account. CSR approved for 10K. Looks that Chase did ignore the store card for me as I had 5 accounts in 24 months with 1 being a store card. Also this is the first approval where I did not have to call in for verification
woooooooooooooooot! Congrats! :] Enjoy those 100k UR's (move CSP limit over when you get bored).
thanks.. that is way too easy for Chase... I will need to challenge and move CL around and then PC to ..not decided yet but eventually FU. For the moment I will keep the CSP and think about how to kill it in the future