Chase 5/24 rule

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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That has no bearing on Chase’s 5/24.  Even for creditors  that back date say 10 years, Chase still counts it within 5/24 if you were added within the past 24 months.  

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Are you sure about this?  Interesting.  I work closely with trade line companies that sell credit card AU lines.  The reason they don't sell Amex is specifically for this reason.  With non-Amex cards, from what I recall, it only shows the date the card was opened and the credit limit, not the date the AU was added.  This is quite interesting.

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Those accounts that backdate still show the month they started reporting under history.  Chase can easily tell when you were added.   Is it possible that some slip thru the cracks?  Sure but lots of people have been denied for AU accounts older than 2 years credit history wise but only added to the applicants’ account within the 2 year period.

[Anonymous]

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@Anonymous wrote:

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Those accounts that backdate still show the month they started reporting under history.  Chase can easily tell when you were added.   

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This is inaccurate.  I just confirmed with a few reliable sources.  It goes by the history of the card, exept in the case of Amex.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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Those accounts that backdate still show the month they started reporting under history.  Chase can easily tell when you were added.   

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This is inaccurate.  I just confirmed with a few reliable sources.  It goes by the history of the card, exept in the case of Amex.

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Reliable as in people who sell accounts?  Right, I’ll take their word for it

[Anonymous]

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@Anonymous wrote:

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Reliable as in people who sell accounts?  Right, I’ll take their word for it

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No, actual reliable sources.  Feel free to do your own research on this.  

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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Reliable as in people who sell accounts?  Right, I’ll take their word for it

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No, actual reliable sources.  Feel free to do your own research on this.  

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I have and I stand by what I said.  Chase,as can all other creditors, tell when you were added as an AU.. Very easy to do

[Remedios]

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@Anonymous wrote:

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@Anonymous wrote:

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That has no bearing on Chase’s 5/24.  Even for creditors  that back date say 10 years, Chase still counts it within 5/24 if you were added within the past 24 months.  

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Are you sure about this?  Interesting.  I work closely with trade line companies that sell credit card AU lines.  The reason they don't sell Amex is specifically for this reason.  With non-Amex cards, from what I recall, it only shows the date the card was opened and the credit limit, not the date the AU was added.  This is quite interesting.

@Edit:  I just confirmed this is inaccurate @Anonymous.  When added as an AU, it only shows the date opened, not the date the AU was added (with Amex being an exception). Hence, if you have a card with a 2+ year history, you can add someone as an AU and it won't impact their 5/24 status.

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How did you confirm it? 

[Anonymous]

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@Remedios wrote:

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How did you confirm it? 

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I confirmed with a few experts in the field of tradelines and credit card churning.  AU tradelines show just as it would for the primary borrower, with Amex being the exception.

[Remedios]

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@Anonymous wrote:

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@Remedios wrote:

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How did you confirm it? 

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I confirmed with a few experts in the field of tradelines and credit card churning.  AU tradlines show just as it would for the primary borrower, with Amex being the exception.

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They show as such when you're looking at your own report

What lender sees includes a lot more information, and that includes the date account was added, not opened. 

[Anonymous]

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@Remedios wrote:

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@Anonymous wrote:

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They show as such when you're looking at your own report

What lender sees includes a lot more information, and that includes the date account was added, not opened. 

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Perhaps, but what we're discussing is how the 5/24 rule is impacted.  Being added as an AU on a card that is 24+ months old does not impact 5/24 status, unless it's an Amex.

[Anonymous]

I’m not positive but I don’t think Chase counts AU’s period. JW what date does the AU show opened on your CR?