A couple of days ago I noticed that the current SUB on the Chase Marriott Bonvoy Boundless card ($95AF), was a limited time five (5) FREE nights. We have a trip planned to Toronto in November, during which we'll be visiting the Niagara Falls area and staying a few nights at the Sheraton Fallsview Hotel. Seeing that SUB, I figured that would be an awesome opportunity to save some money; however, I knew I was well over the 5/24 rule, both on primary account holder cards and AU cards. My wife was also definitely over the 5/24 if counting the AU cards, but was at 4/24 with those taken out of the equation.
We decided to app her and see what happened. Based on all of the available information out there, I fully expected her to be declined and need to make a call to the RECON line (likely multiple times to get someone who would process the app without the AU cards). To my surprise, her app was instantly approved for a $15k SL (she already has a Sapphire Preferred with $10k). This is also despite us racking up a couple thousand extra dollars across a few other cards in the last month or so (all to be paid off in full within the next couple of months, but the banks don't know that).
Figured some here might be interested in this data point since all of the stories and articles out on the subject pretty explicitly say that AU accounts will count against the Chase 5/24 rule and result in a decline for almost all of their cards. It seems there are exceptions to this and I'd be curious to know if anyone has an idea of what the driving factor(s) may be behind the variance.
Congrats on DW's Chase Marriott Bonvoy Boundless approval
Congrats on DW's approval!
This is the first I am hearing that being an AU counts against 5/24.
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@youngandcreditwrthy wrote:@ReturnOfTheCredi congrats, but what are the other data points?
it what was utilization? maybe aaoa? clearly there was something to overcome the potential liability of high new accounts/inqurieis?
personally I think the 5/24 "rule" is just alleged. lol Every major chase card I've gotten including the marriot one was over 5/24 and with barely 700 FICOs, even 690 I think with 150k income. also bank with them too.
Great questions and good points. I believe at the time of application, utilization was 29%. Not entirely sure about aaoa, but we've both had a number of new openings and AUs over the last two years, so I suspect it's in a good range, but not outstanding. FICO was like 748 and our collective income is about $150k. That said, we do no other business with them except having the Sapphire Preferred card. No obvious reason for them to really overlook the "rule." And you may be right, it may be more alleged than anything, but there's definitely a ton of information out there about it that seemingly confirms its informal existence. Who knows. lol