Chase 5/24 and questions

[xenon3030]

I did some gardening to pass 5/24. I am looking at Chase webiste, just for you part, but I do not see any offer. I tried its pre-qualification application, with or without locking the credit reports, but no success on any card.

Shall I try cold application, if I plan to go for CSP? or Shall I go via a branch? Why do I not see any personal offer on Chase website?  

I assume that 5/24 counts only revolving credit accounts but not loan accounts. Otherwise, more gardening is needed....

[CreditInspired]

I do think loans count toward 5/24. Just found out myself last week that CLOC counts so thinking it’s the same. Someone will be along shortly to confirm if this is correct.

[KLEXH25]

**bleep**, if that’s the case, it’ll be years before I qualify 😬

[Aim_High]

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@CreditInspired wrote:
I do think loans count toward 5/24. Just found out myself last week that CLOC counts so thinking it’s the same. Someone will be along shortly to confirm if this is correct.

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That is the first I have heard about CLOC counting towards 5/24, but I think it may be an exception.

Generally loans do *NOT* count towards 5/24 from my understanding and reading.

That includes student loans, auto loans, mortgages.

It would make sense, though, that a CLOC or PLOC or a HELOC would count since they are unsecured, revolving lines of credit just like a credit card.

The other types of loans are not revolving or open-ended.

I have always heard that the main thing you want to count is personal credit cards from all lenders. 

Business cards don't count for 5/24 since they won't normally show up on your personal credit report.

However, if applying for a Chase INK business card, you must be under 5/24.  But once you have it, it won't add to your 5/24 number.

[Brian_Earl_Spilner]

There have been data points that show that any new account could be counted towards 5/24, but nothing definitive.

[CreditInspired]

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@Aim_High wrote:

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@CreditInspired wrote:
I do think loans count toward 5/24. Just found out myself last week that CLOC counts so thinking it’s the same. Someone will be along shortly to confirm if this is correct.

---

That is the first I have heard about CLOC counting towards 5/24, but I think it may be an exception.

Generally loans do *NOT* count towards 5/24 from my understanding and reading.

That includes student loans, auto loans, mortgages.

It would make sense, though, that a CLOC or PLOC or a HELOC would count since they are unsecured, revolving lines of credit just like a credit card.

The other types of loans are not revolving or open-ended.

I have always heard that the main thing you want to count is personal credit cards from all lenders. 

Business cards don't count for 5/24 since they won't normally show up on your personal credit report.

However, if applying for a Chase INK business card, you must be under 5/24.  But once you have it, it won't add to your 5/24 number.

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Thanks for clarification on loans. I just couldn’t recall exactly. 

[Anonymous]

if you sign up to the free chase credit journey credit monitoring, it can give you a prequal when the normal website will not. but to sign up for the thing, you have to give them a cell phone number so i haven't done it.... i don't know what will happen if you give them a landline# or a phoney number just to sign up for this thing.

[xenon3030]

I am looking at its credit journey and here is the status: If I click on offers/credit cards --> "learn more", a new page opens but it looks like the user is not signed in in this page. So, the offers in this page do not look like real offers. I clicked on a few cards in this page and the APR has a range instead of a single number. Therefore, I doubt that the credit journey site is giving a solid pre-qualified offer.

[Brian_Earl_Spilner]

It can give pre-approvals over 5/24

[Drwaz99]

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@xenon3030 wrote:

I am looking at its credit journey and here is the status: If I click on offers/credit cards --> "learn more", a new page opens but it looks like the user is not signed in in this page. So, the offers in this page do not look like real offers. I clicked on a few cards in this page and the APR has a range instead of a single number. Therefore, I doubt that the credit journey site is giving a solid pre-qualified offer.

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It absolutely gives solid prequalifications. I app'ed for my CFU through Credit Journey when I checked my offers and they listed a solid 16.99% APR and received an instant approval for exactly as it stated. I've never been able to get a prequalification from Chase's webtool. If you don't see any offers you may not have been enrolled long enough for them to track your profile (think it took 3 or 4 weeks for them to show for me).