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Chase Amazon Visa & 5/24? Data Points

macinjosh
Senior Contributor

Re: Chase Amazon Visa & 5/24? Data Points

Well, to give an update, my rejection letter stated I have too many recent inquiries. I don't know if I should try to recon it or not. At least its a new rejection reason, and not based on increased balances on my cards in the last few months.


Samsung Financing TD Bank $3,200


Message 61 of 71
dthaha
Valued Member

Re: Chase Amazon Visa & 5/24? Data Points

Approved for the card in November at 7/24. $3K SL. Nothing came up on the pre-qualifier.

Current Cards:

Sock Drawer:

Goal Cards:
Message 62 of 71
xenon3030
Established Contributor

Re: Chase Amazon Visa & 5/24? Data Points

Does Chase plan to ease slightly its 5/24 rule anytime soon?


Fico8: EX~EQ~TU~800 (12 month goal~840).
BOA (Custom Cash Rewards, Better Cash Rewards, Premium Rewards), Chase (CFF, CSP, Amazon), US Bank (Cash+, Altitude Go/Connect,Ralphs), Affinity CR, Discover, Amex (BCP, HH), Walmart/Cap1, Barclay View.
Message 63 of 71
KJinNC
Valued Contributor

Re: Chase Amazon Visa & 5/24? Data Points


@xenon3030 wrote:

Does Chase plan to ease slightly its 5/24 rule anytime soon?


I don't think they've made any statements about it.

 

My guess is that the message is getting through on cobrands. 5/24 has never made sense for cobrands. It is at odds with the purpose of a cobrand.

 

But, my guess is that they'll stick to it for core cards.



FICO Resilience Index: 65. Cards: 5/24, 3/12, 2/6. Accounts including loans: 8/24, 4/12, 2/6. Card CLs total $204,900, or $231,400 including the AU card. Cards (oldest to newest)

Authorized user / Corporate / Auto loans / Personal loan
Message 64 of 71
longtimelurker
Epic Contributor

Re: Chase Amazon Visa & 5/24? Data Points


@KJinNC wrote:

@xenon3030 wrote:

Does Chase plan to ease slightly its 5/24 rule anytime soon?


 

 

My guess is that the message is getting through on cobrands. 5/24 has never made sense for cobrands. It is at odds with the purpose of a cobrand.

 


I'm not so convinced!   Yes, cobrands want people to get the card, but only if customers are really going to use it (unless Chase absorbs ALL the costs, so even $1 spend every 6 months brings say 1c in!)   Suppose that cutoff was 100/24, I think we would mainly agree that such a person probably isn't going to be spending much on a new card.   5/24 seems very low for people here, but in the wider world that's probably close to 100/24 here "Why would you need so many cards?"

Message 65 of 71
Kp629
Valued Member

Re: Chase Amazon Visa & 5/24? Data Points

Just to add my DP's- I was just approved with 5/24 at $4,100SL. I was preapproved when using the tool in the Amazon app.



Message 66 of 71
bigpoppa09
Established Contributor

Re: Chase Amazon Visa & 5/24? Data Points


@Kp629 wrote:

Just to add my DP's- I was just approved with 5/24 at $4,100SL. I was preapproved when using the tool in the Amazon app.


What tool is that?

Message 67 of 71
FinStar
Moderator

Re: Chase Amazon Visa & 5/24? Data Points


@bigpoppa09 wrote:

@Kp629 wrote:

Just to add my DP's- I was just approved with 5/24 at $4,100SL. I was preapproved when using the tool in the Amazon app.


What tool is that?


@bigpoppa09 - please reference the thread below for additional insight:

 

https://ficoforums.myfico.com/t5/Credit-Cards/Chase-Amazon-Amazon-com-Pre-qualify-Link/m-p/6393905

Message 68 of 71
bigpoppa09
Established Contributor

Re: Chase Amazon Visa & 5/24? Data Points


@FinStar wrote:

@bigpoppa09 wrote:

@Kp629 wrote:

Just to add my DP's- I was just approved with 5/24 at $4,100SL. I was preapproved when using the tool in the Amazon app.


What tool is that?


@bigpoppa09 - please reference the thread below for additional insight:

 

https://ficoforums.myfico.com/t5/Credit-Cards/Chase-Amazon-Amazon-com-Pre-qualify-Link/m-p/6393905


@FINSTAR👍

Message 69 of 71
Remedios
Moderator

Re: Chase Amazon Visa & 5/24? Data Points

I no longer have prequalify link, which I attributed (perhaps erroneously) to having the card.

However, it's not present in my daughter's account either, only "Apply" button.  

 

Too bad, I liked checking to see if Mama Chase mad at me 😐

Message 70 of 71
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