I am definately in violation of 5/24 but I'm wondering if this rule also effects credit limit increases for current card holders, not just new apps. I'm considering burning a hard pull for my one year old Slate.
@Asilomarwrote:I am definately in violation of 5/24 but I'm wondering if this rule also effects credit limit increases for current card holders, not just new apps. I'm considering burning a hard pull for my one year old Slate.
Never heard of it affecting a CLI
@Anonymouswrote:What's 5/24? I read that a lot but dont know what it is.
Its a rule applied to some Chase cards that you are auto denied if you have opened 5 or more new cards in the last 24 months.
I dont think that affects cli in anyway. You either are eligble for Chase luv or you arent getting any luvin
Are you still using your Slate for bt purposes?
CybeRise, 5/24 refers to Chase's rule no more than 5 credit cards in 24 months, for many here a big time hinderance but for normal peeps, easy peasy
Are you still using your Slate for bt purposes?CybeRise, 5/24 refers to Chase's rule no more than 5 credit cards in 24 months, for many here a big time hinderance but for normal peeps, easy peasy
@AverageJoesCreditwrote:
I dont think that affects cli in anyway. You either are eligble for Chase luv or you arent getting any luvin
Yeah, I did use it for a balance transfer but since it's kind of a one-and-done card in that the no-fee transfer only extends for the first 3 months, I wouldn't use it again for that purpose. Why? Were you about to suggest I PC? I've thought about it I just haven't bothered. I assumed I'd take a hard pull for that and I want to save those for judicious CLI's.
@Anonymouswrote:What's 5/24? I read that a lot but dont know what it is.
Chase's special little rule is a real punch if you're a churner, rebuilder, or just plain garden-averse. But, as AverageJoe points out, most normal people (and by normal I mean people who aren't obsessed with this forum) are unaffected.
AverageJoes and Gdale6 -- thanks for answering my question.