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What is the 5/24 and 6/24 and those numbers referring to?!

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Established Contributor

What is the 5/24 and 6/24 and those numbers referring to?!

I keep seeing them in posts but what are they?     Are they Credit Card specific?     Or is it Credit Score specific?

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Message 1 of 5
4 REPLIES 4
Frequent Contributor

Re: What is the 5/24 and 6/24 and those numbers referring to?!

This is referring to the number of new accounts in a 24 month period.

In other words, 5/24 = 5 new accounts in the past 24 months.

Why is this relevant? - Many issuers will decline an application if you are over their new account threshold. Chase is famous for this.
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Schwab Investor
PNC: Cash Rewards, Points
NFCU: Flaghship Rewards, Cash Rewards, More Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
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Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 2 of 5
Established Contributor

Re: What is the 5/24 and 6/24 and those numbers referring to?!

Ohhh ok that makes a ton of sense TY Smiley Very Happy

Starting Score: 537
Current Score: 725
Goal Score: 775


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Message 3 of 5
Senior Contributor

Re: What is the 5/24 and 6/24 and those numbers referring to?!

Chase 5/24 info: https://www.flyertalk.com/forum/chase-ultimate-rewards/1809882-applying-chase-credit-cards-2017-onwa...

 

Smiley Tongue

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Re: What is the 5/24 and 6/24 and those numbers referring to?!

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