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Does line of credit count as opening a credit card for chase 5/24?

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SouthJamaica
Mega Contributor

Re: Does line of credit count as opening a credit card for chase 5/24?


@calisig wrote:

so just to be clear, a new mortgage (refinance) would count toward 5/24?


No it would not.

 

Chase's 5/24 rule applies only to revolving accounts, not to installment accounts.


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 703 TU 704 EX 687

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