Chase 5/24 question

red259 · ‎06-15-2018

Some bloggers are saying that Chase business cards do not count against 5/24. I always thought since they are worth chase they would count, but some blogs are saying quite clearly they don't. Does anyone know the answer to this? I was considering the marriott business card which would not be subject to 5/24 but I don't want to push back how long it is before I can applying for personal cards subjected to 5/24.

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Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019

nitrov · ‎06-16-2018

@red259 wrote:
Some bloggers are saying that Chase business cards do not count against 5/24. I always thought since they are worth chase they would count, but some blogs are saying quite clearly they don't. Does anyone know the answer to this? I was considering the marriott business card which would not be subject to 5/24 but I don't want to push back how long it is before I can applying for personal cards subjected to 5/24.

If the card is personally guaranteed and reports on your personal CR, I would say it definitely counts toward 5/24. If you’re very concerned and on the border about meeting 5/24 for a personal card you’re after I wouldn’t push your luck

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Anonymous · ‎06-16-2018

@red259 wrote:
Some bloggers are saying that Chase business cards do not count against 5/24. I always thought since they are worth chase they would count, but some blogs are saying quite clearly they don't. Does anyone know the answer to this? I was considering the marriott business card which would not be subject to 5/24 but I don't want to push back how long it is before I can applying for personal cards subjected to 5/24.

Been over this before and I too thought Chase business cards would count towards 5/24 but according to everything I have read, they do not.

Anonymous · ‎06-16-2018

@nitrov wrote:
@red259 wrote:
Some bloggers are saying that Chase business cards do not count against 5/24. I always thought since they are worth chase they would count, but some blogs are saying quite clearly they don't. Does anyone know the answer to this? I was considering the marriott business card which would not be subject to 5/24 but I don't want to push back how long it is before I can applying for personal cards subjected to 5/24.
If the card is personally guaranteed and reports on your personal CR, I would say it definitely counts toward 5/24. If you’re very concerned and on the border about meeting 5/24 for a personal card you’re after I wouldn’t push your luck

Just as an FYI Chase business cards, like almost all small business credit cards, are personally guaranteed and do not report to your personal credit reports unless you default. The reason most people have thought that Chase business cards would count towards 5/24 while other small business credit cards do not is that Chase obviously knows about the accounts. Surprisingly many people have verified that they, in fact, do not count towards 5/24

red259 · ‎06-16-2018

@Anonymous wrote:
@nitrov wrote:
@red259 wrote:
Some bloggers are saying that Chase business cards do not count against 5/24. I always thought since they are worth chase they would count, but some blogs are saying quite clearly they don't. Does anyone know the answer to this? I was considering the marriott business card which would not be subject to 5/24 but I don't want to push back how long it is before I can applying for personal cards subjected to 5/24.
If the card is personally guaranteed and reports on your personal CR, I would say it definitely counts toward 5/24. If you’re very concerned and on the border about meeting 5/24 for a personal card you’re after I wouldn’t push your luck
Just as an FYI Chase business cards, like almost all small business credit cards, are personally guaranteed and do not report to your personal credit reports unless you default. The reason most people have thought that Chase business cards would count towards 5/24 while other small business credit cards do not is that Chase obviously knows about the accounts. Surprisingly many people have verified that they, in fact, do not count towards 5/24

Yea because this would seem logical, but its ok. This opens up some opportunities for me which I had thought were foreclosed.

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019

Anonymous · ‎06-16-2018

most of Chase cards apply towards 5/24. The business Marriott isn't one of them. I was approved the other day and I'm over 5/24.

red259 · ‎06-16-2018

@Anonymous wrote:
most of Chase cards apply towards 5/24. The business Marriott isn't one of them. I was approved the other day and I'm over 5/24.

Not sure if you mean that you are only over 5/24 if counting business marriott card or if you were just approved for the chase business marriott card even though over 5/24. If the later its been well known for a long time that the business marriott card is not subject to 5/24 restrictions.

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019

Anonymous · ‎06-17-2018

@Anonymous wrote:
most of Chase cards apply towards 5/24. The business Marriott isn't one of them. I was approved the other day and I'm over 5/24.

You’re confusing whether a Chase card that you’re applying for is subject to 5/24 vs whether an existing Chase card counts towards the 5. The latter is what @red259 is asking and I stated, the business Marriott does not.