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UPDATE: Approved! Have their been changes to Chase's 5/24 rules?

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Elpadrino1
Valued Contributor

Re: UPDATE: Approved! Have their been changes to Chase's 5/24 rules?

Congratulations on your Chase approval!!

Message 11 of 20
everest
Frequent Contributor

Re: UPDATE: Approved! Have their been changes to Chase's 5/24 rules?

Congrats on your Citi and Chase approvals! 🎉



Message 12 of 20
cashorcharge
Community Leader
Super Contributor

Re: UPDATE: Approved! Have their been changes to Chase's 5/24 rules?

That's terrific!!  Congratulations on your Chase Approval!! 🎉🥂👏

Message 13 of 20
Trekkie0707
New Contributor

Re: UPDATE: Approved! Have their been changes to Chase's 5/24 rules?

Woohoo! Congrats!

FICO 8 Starting 01/22: Exp 598 | TU 571 | EQ 591

Current: Exp 676 | TU 654 | EQ 700

NFCU Flagship ($6.9k) | Discover It ($5k) | FNBO Evergreen ($4.1k) | PenFed Gold ($3.5k) | Amex BCE ($1k) | NFCU Secured ($200)


RIP: Mission Lane ($500) | CapOne QS1 ($300) | Memberships : NFCU & PENFed
Message 14 of 20
RDO
Contributor

Re: ?Have their been changes to Chase's 5/24 rules

I got strange number for my CSP as well.

I think I figured it out.  Do you have a card with a $5200 limit?  My lowest limit card was 3200 multiplied by 4 equals 12,800.

That was my SL 12,800

Amex Gold NSPL / Amex CS Platinum NSPL /
Amex BCE $30.6k / Amex Hilton Surpass $10k /
Amex Delta Gold $9.7k / Amex BBP $6k /
Amex Bonvoy Business $10k / C1 QS $3.2k /
C1 Venture X $19.5k / C1 Kohls $5k/
Chase unlimited $4k / Chase Sapphire $21.8k /
Chase Flex $16.8k / verizon visa $8k / Citi CCC $500 / Wells Fargo Slumberland $4.8k
max cash preferred $3k / chase prime visa $20K
Message 15 of 20
ecxpa
Valued Contributor

Re: ?Have their been changes to Chase's 5/24 rules


@RDO wrote:

I got strange number for my CSP as well.

I think I figured it out.  Do you have a card with a $5200 limit?  My lowest limit card was 3200 multiplied by 4 equals 12,800.

That was my SL 12,800


no....I got a bunch of Chase cards though from 2500 to 37K; I went back and looked the SL is $20,500 instead of the $20, 800 I originally posted

Message 16 of 20
SouthJamaica
Mega Contributor

Re: UPDATE: Approved! Have their been changes to Chase's 5/24 rules?


@ecxpa wrote:

Been away for a while and haven't been in the loop on things....but I noticed when I made some card payments to chase that I am receiving a lot of offers.  Some are listed as "pre-approved" and other's are listed as "already approved"....does that mean they have done away with the 5/24 rule as I am not sure if I'm at or above the 5/24 limit.  Just picked up Citibanks custom cash card; SL is a little low @ 11K; 


They haven't done away with it altogether, but the preapprovals outweigh the 5/24 rule, especially the ones that say "already approved".


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 17 of 20
SouthJamaica
Mega Contributor

Re: ?Have their been changes to Chase's 5/24 rules


@ecxpa wrote:

Shocked.....pulled the trigger on the chase unlimited; $200 bonus after 500 spend; sl 20800; strange number


Congratulations Smiley Happy


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 18 of 20
CreditAggie
Community Leader
Super Contributor

Re: ?Have their been changes to Chase's 5/24 rules

Congratulations on your CFU approval!

Current Cards (in order of approval):

         
Current FICO 8 | 9 (February 2024):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 19 of 20
LADave
Established Contributor

Re: UPDATE: Approved! Have their been changes to Chase's 5/24 rules?


@Yasselife wrote:

@ecxpa  Congratulations 🎊🎉

I am 5/24(2 installment loans), and one new card will be added soon(6/24); pre approved for various Chase cards. 

Have a Question: Does Chase count installment accounts in its 5/24 rule? 


5/24 only applies to revolving credit/charge cards like Visa/MC/Amex/Discover. It's rarely (if ever) applied to single-store cards that don't have one of those logos.

Message 20 of 20
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