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Chase offer and over 5/24

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wambeezy
Regular Contributor

Chase offer and over 5/24

 I was checking my Chase bank acct and saw a notification about an offer. It wasn't in the Credit Journey offers. Checked and it gave me this:

 

D23C3FE2-A0A9-4750-9497-19B31B442EB4.jpeg

 

When I click on the offer it just asks for my total gross income and phone number. I am over 5/24 and I am not planning on applying for any cards right now. I just wanted to know if something like this would bypass the 5/24 rule for future reference. 

 

Thank you all.

Message 1 of 10
9 REPLIES 9
FinStar
Moderator Emeritus

Re: Chase offer and over 5/24

When reviewing said offer, what does it yield as far as the APR?  Is it a range (i.e. spread) or a solid number?

Message 2 of 10
wambeezy
Regular Contributor

Re: Chase offer and over 5/24


@FinStar wrote:

When reviewing said offer, what does it yield as far as the APR?  Is it a range (i.e. spread) or a solid number?


It's giving a range and not a solid APR. Hopefully in the future I get solid APRs and other card offers. 

Thanks!

Message 3 of 10
FinStar
Moderator Emeritus

Re: Chase offer and over 5/24


@wambeezy wrote:

@FinStar wrote:

When reviewing said offer, what does it yield as far as the APR?  Is it a range (i.e. spread) or a solid number?


It's giving a range and not a solid APR. Hopefully in the future I get solid APRs and other card offers. 

Thanks!


Based on anecdotal experience, if it's not a solid APR then I wouldn't pull the trigger.   Typically, the solid APR offers tend to bypass the 5/24 restriction in most cases, but YEMV.   Just check periodically to see when the pricing section might change and you can decide on your strategy at that point.

Message 4 of 10
wambeezy
Regular Contributor

Re: Chase offer and over 5/24

I will definitely do that. Thank your for the information @FinStar.

Message 5 of 10
Anonymous
Not applicable

Re: Chase offer and over 5/24

Those are just marketing, showing offers available to everyone.  They won't bypass 5/24.

 

If you see something under "Just for you" with a black star ("you're prequalified") or a green star ("you're pre-approved") and a solid APR (and in some cases, a SL already shown), those generally will bypass 5/24.

 

blackstar.PNG

 

Message 6 of 10
K-in-Boston
Credit Mentor

Re: Chase offer and over 5/24

You gonna just leave that free $800 (or minimum $1000 toward travel) sitting there, @Anonymous ?

Message 7 of 10
Anonymous
Not applicable

Re: Chase offer and over 5/24


@Anonymous wrote:

Those are just marketing, showing offers available to everyone.  They won't bypass 5/24.

 

If you see something under "Just for you" with a black star ("you're prequalified") or a green star ("you're pre-approved") and a solid APR (and in some cases, a SL already shown), those generally will bypass 5/24.

 

blackstar.PNG

 


Agreed.  It is just marketing available to everyone unless you have some kind of indication that it is an offer.

 

chase.JPG

Message 8 of 10
wambeezy
Regular Contributor

Re: Chase offer and over 5/24

Thank you for the info @Anonymous and @Anonymous 🙏

Message 9 of 10
Anonymous
Not applicable

Re: Chase offer and over 5/24


@K-in-Boston wrote:

You gonna just leave that free $800 (or minimum $1000 toward travel) sitting there, @Anonymous ?


Yup. Smiley Happy  A CSP would just end up in my sock drawer, and I'm not traveling for the foreseeable future.  Plus, as you already know, I'm in the garden.

 

Message 10 of 10
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