I don't really see why store cards would (or even should) be excluded from their underwriting criteria. Chase could just as easily deny for inquiries, and I doubt they would sift through them looking for which ones are for store cards. A new account is a new account, and there's very little distinction when it comes to credit/charge cards.
The posts here indicate they do, but there have been other people with store cards where they appeared not to count. Just a couple of days ago someone was talking about an approval even though the person had a ton of new store cards and I have seen other reports of that, so it does not seem to be an open and shut issue when it comes to store cards. Regardless you could hit a problem due just to having four new accounts,.
;
@kdm31091 wrote:
@red259 wrote:The posts here indicate they do, but there have been other people with store cards where they appeared not to count. Just a couple of days ago someone was talking about an approval even though the person had a ton of new store cards and I have seen other reports of that, so it does not seem to be an open and shut issue when it comes to store cards. Regardless you could hit a problem due just to having four new accounts,.
The point is that the only way to know for 100% sure is to just apply for a card. Since OP does have 4 accounts regardless, though, I think they should wait if the CSP is important to them.
Assuming their score is in good shape (and that they would be approved normally) I would just pull the trigger because you are right. The only way to know is by apping.lf they want the card the worst that can happen is a denial but then they would know. If they get denied for 5/24 and they really want the CSP they will have to wait around for the new accounts to age so the inq really won't be important, because it will age at the same time. If they don't want to wait around for the CSP well they know they can apply for other cards in the future. If they get the CSP with this app then they have their card and can app for whatever cards they want in the future without worrying about new accounts preventing them from getting the CSP. Point is if this is the card they want and they get denied they will have to wait around anyway. This is assuming that it will be at least six months before any of OPs accounts hits the two year mark. If it is under six months until then there would be a good argument for waiting. Rereading the original post and seeing the talk about having a thin file I am not sure how strong the approval chances are outside of the 5/24 rule. We would likely need more information to venture a guess at that (such as current cards, age of cards, credit lines).
The issue I see is that there are still a lot more stories of people being declined with more than 5 new of any kind of account than there are of those being approved with similar profiles (or being comprised of mostly store cards) after this criteria was established. A couple of anomalous anecdotal accounts to the contrary wouldn't inspire a lot of confidence for me. Would I still go on to apply or suggest to others that they should? Probably not. Are there those who ... slip through the cracks or satisfy a criteria not known to anyone here? Absolutely.