@xenon3030 wrote:I signed in for credit joruney in the last year. I can see my updated credit reports in that page but the offers part seems to be not working well. Here is the situation:
Credit journey site --> offers section --> explore new products --> find the right card for you --> press "learn more" button.
After doing these steps, another page opens going to creditcards.chase.com while the user is not signed in. The offers in this page do not have a fixed APR and do not seem to be personalized offer.
I used different browsers and going to mobile app and same result.
Is there an issue with setting up the credit journey website? Shall I call customer service or visit a branch to figure it out?
I have two recent personal loans (secured/unsecured) but based on the comments above, they should not be counted along 5/24.
I just go to Credit Journey, click on Offers at the top and they are listed there. This is what I see:
If you see prequalified offers like this, you can click on View Your Offer then pricing and terms and it'll show whether or not you have a solid APR offer.
@Dervrak wrote:Congrats on your approval! When you say you're over 5/24, what are all the new accounts? If they're loans and not revolving lines of credit they should not count toward 5/24. It's debatable if even CLOCs/HELOCs count, but credit cards definitely do. Remember that 5/24 exists as an anti-churning tactic, and people don't churn CC rewards by getting car loans.
Well...let me look at my credit report and see...
New Accounts (Equifax between August 2017 and August 2019):
Bridgecrest (Auto Loan) May 2019
Wells Fargo (HELOC) Apr 2019
BB&T (Mortgage) Jan 2019
BBVA Compass (Credit Card) Jan 2019
Capital One (Credit Card) Jan 2019
Syncrony Bank- Lowes (Credit Card) Oct 2018
BB&T (Credit Card) Sep 2018
Mercury (Credit Card) Sep 2018
Ally Financial (Auto Loan) May 2018
BB&T (HELOC) Nov 2017
Suntrust (Mortgage) Oct 2017
BB&T (Auto Loan) Sep 2017
Now that I look at it, if the 5/24 rules is only counting credit cards, my approval would make sense as I am at exactly 5. They must not look at anything else though. I think we can safely rule out they look at any other type of new credit accounts or credit line increases (as I have had dozens of those over that period).
If your Mercury card retained original opened month from Barclay, you would have been below 5/24
LOL! Ok folks. Your going to love this....minutes after I posted this response I went to the chase site. I hadn't tried to get a Chase card for several years. Because I knew I was over the 5/24 rule (probably more like 15/24). So I went for broke and put in an app for the Chase Sapphire Preferred figuring hey, what's one more hard hit going to hurt. The result:
So it appears the 5/24 rule is NOT a hard and fast rule after all....
Congrats on the approval! Awesome!
Yes you only have 5 cards but I understood you actually have to be LESS than 5/24 - So the new Chase app would be the 5th. Is this not correct?
Business cards, however, do NOT count. How many of these 5 cards are business?
Would be interesting to know ...
If your Mercury card retained original opened month from Barclay, you would have been below 5/24
Actually, I just looked. You are correct, even the the account appeared on my credit report in 2018, the open date on it is the old Barclaycard date 3/2013. So I guess I really was under 5/24 after all!
Thanks for the screenshot. Possibly, something is wrong with my credit journey settings and I do not see any pre-qualified offers. All my credit reports are locked and it might be the reason. Anyway, it shows my updated TU report and not sure whether unlocking/unfreezing credit would fix it.
Shall I unlock e.g. TU for a while to be able to see the pre-qulified cards? Any suggestion?
Fico8: EX~EQ~TU~840 (12 month goal~850).