5/24 is the policy that Chase would deny you a card if you had opened up 5 or more accounts in the preceding 24 months. However, since the pandemic, it seems Chase has also applied this policy to CLIs. We shall see if it continues, but this is just a general post to advise people of the normal policy.
Post

Chase Bank 5/24 Rule / Policy / App / CLI

1 of 13
3 years ago
Tue Jun 08, 2021 4:21 am
User avatar
Birdman
Primer AuthorCo-Founder
Birdman has been gardening for over 2 years.
Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 5 days, 20 hours, and 19 minutes Next Level in24 days, 3 hours, and 41 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 5 days, 20 hours, and 19 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 5 days, 20 hours, and 19 minutes ago
5/24 is the policy that Chase would deny you a card if you had opened up 5 or more accounts in the preceding 24 months.

However, since the pandemic, it seems Chase has also applied this policy to CLIs.

We shall see if it continues, but this is just a general post to advise people of the normal policy.
Birdman
User avatar
Primer Author
  • Score data EQ8-827; TU8-817; EX8-816
    EQ5-751; TI4- 800; EX2-814
1
Top
Post

Re: 5/24 Policy

2 of 13
3 years ago
Thu Jul 22, 2021 10:47 am
A default user avatar.
aj2121
Share Secured Rebel
aj2121 has been gardening for over 2 years.
Level28 Last INQSaturday, April 23, 2022 Gardening For2 years, 4 months, 15 days, 20 hours, and 19 minutes Next Level in15 days, 3 hours, and 41 minutes on September 23rd INQ 1yr onSunday, April 23, 2023 INQ 1yr reached1 year, 4 months, 15 days, 20 hours, and 19 minutes ago INQ 2yr onTuesday, April 23, 2024 INQ 2yr reached4 months, 15 days, 20 hours, and 19 minutes ago
Only revolving accounts are included in 5/24, correct?
aj2121
A default user avatar.
Share Secured Rebel
  • Score data FICO8 EX: 715 EQ: 724 TU: 735
    As of 4/6/22
0
Top
Post

Re: 5/24 Policy

3 of 13
3 years ago
Thu Jul 22, 2021 4:16 pm
User avatar
Saeren
Rebel Administrator
Recent HP or new account.
Level0 Last INQFriday, August 23, 2024 Gardening For15 days, 20 hours, and 19 minutes Next Level in15 days, 3 hours, and 41 minutes on September 23rd INQ 1yr onSaturday, August 23, 2025 INQ 1yr in11 months, 15 days, 3 hours, and 41 minutes INQ 2yr onSunday, August 23, 2026 INQ 2yr in1 year, 11 months, 15 days, 3 hours, and 41 minutes Goal6 months Goal DateSunday, February 23, 2025 Goal In5 months, 15 days, 3 hours, and 41 minutes
aj2121 wrote: ↑Thu Jul 22, 2021 10:47 am Only revolving accounts are included in 5/24, correct?
Correct.
Saeren
User avatar
Rebel Administrator
  • Score data TU8 799/EX8 786/EQ8 805
    EQ5 770/EX2 757
    8/18/2023
2
Top
Post

Re: 5/24 Policy

4 of 13
2 years ago
Tue May 10, 2022 9:06 pm
User avatar
beets18
Seasoned Rebel
beets18 has passed the 24 month threshold and is completely inquiry free!
Level24 Last INQThursday, September 1, 2022 Gardening For2 years, 6 days, 20 hours, and 19 minutes Next Level in23 days, 3 hours, and 41 minutes on October 1st INQ 1yr onFriday, September 1, 2023 INQ 1yr reached1 year, 6 days, 20 hours, and 19 minutes ago INQ 2yr onSunday, September 1, 2024 INQ 2yr reached6 days, 20 hours, and 19 minutes ago
I can’t recall if I’ve seen a DP about this, but does a CLOC count towards 5/24? It’s reported as a Revolver, but as a Line of Credit and not credit card on my report.

Also I could have sworn I saw a DP about bypassing 5/24 if you’ve never had a chase card, but I cannot find any reference to this.

I’m considering applying for the CSP, and I wanted to be sure of my 5/24 status.
beets18
User avatar
Seasoned Rebel
  • Score data EQ8:821 TU8:784 EX8:805
0
Top
Post

Re: 5/24 Policy

5 of 13
2 years ago
Tue May 10, 2022 9:49 pm
User avatar
Saeren
Rebel Administrator
Recent HP or new account.
Level0 Last INQFriday, August 23, 2024 Gardening For15 days, 20 hours, and 19 minutes Next Level in15 days, 3 hours, and 41 minutes on September 23rd INQ 1yr onSaturday, August 23, 2025 INQ 1yr in11 months, 15 days, 3 hours, and 41 minutes INQ 2yr onSunday, August 23, 2026 INQ 2yr in1 year, 11 months, 15 days, 3 hours, and 41 minutes Goal6 months Goal DateSunday, February 23, 2025 Goal In5 months, 15 days, 3 hours, and 41 minutes
I have heard some say that Chase included it in a manual review but not when doing an automated approval. I have heard others say it wasn't counted at all. It kind of sounds like it's one of those things that they may take into account if you're otherwise borderline for approval.
Saeren
User avatar
Rebel Administrator
  • Score data TU8 799/EX8 786/EQ8 805
    EQ5 770/EX2 757
    8/18/2023
0
Top
Post

Re: 5/24 Policy

6 of 13
2 years ago
Tue May 10, 2022 10:14 pm
User avatar
beets18
Seasoned Rebel
beets18 has passed the 24 month threshold and is completely inquiry free!
Level24 Last INQThursday, September 1, 2022 Gardening For2 years, 6 days, 20 hours, and 19 minutes Next Level in23 days, 3 hours, and 41 minutes on October 1st INQ 1yr onFriday, September 1, 2023 INQ 1yr reached1 year, 6 days, 20 hours, and 19 minutes ago INQ 2yr onSunday, September 1, 2024 INQ 2yr reached6 days, 20 hours, and 19 minutes ago
Saeren wrote: ↑Tue May 10, 2022 9:49 pm I have heard some say that Chase included it in a manual review but not when doing an automated approval. I have heard others say it wasn't counted at all. It kind of sounds like it's one of those things that they may take into account if you're otherwise borderline for approval.
Thanks for the info. I’m at 4 bank cards and 1 LOC, but one of those bank cards (Paceline) I opened back in March has not reported. I was just wondering how quickly I might have to move on the CSP in branch offer before that Paceline card maybe reports. I’ll report back if there’s any interesting DPs.
beets18
User avatar
Seasoned Rebel
  • Score data EQ8:821 TU8:784 EX8:805
1
Top
Post

Re: 5/24 Policy

7 of 13
2 years ago
Tue May 10, 2022 11:00 pm
User avatar
BrutalBodyShots
Senior AdministratorGoodwill Saturation Technique Author
BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!
Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 15 days, 20 hours, and 19 minutes Next Level in15 days, 3 hours, and 41 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 15 days, 20 hours, and 19 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 15 days, 20 hours, and 19 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 15 days, 20 hours, and 19 minutes ago
What's the current CSP in branch offer that you're considering?
BrutalBodyShots
User avatar
Senior Administrator
0
Top
Post

Re: 5/24 Policy

8 of 13
2 years ago
Tue May 10, 2022 11:12 pm
User avatar
beets18
Seasoned Rebel
beets18 has passed the 24 month threshold and is completely inquiry free!
Level24 Last INQThursday, September 1, 2022 Gardening For2 years, 6 days, 20 hours, and 19 minutes Next Level in23 days, 3 hours, and 41 minutes on October 1st INQ 1yr onFriday, September 1, 2023 INQ 1yr reached1 year, 6 days, 20 hours, and 19 minutes ago INQ 2yr onSunday, September 1, 2024 INQ 2yr reached6 days, 20 hours, and 19 minutes ago
BrutalBodyShots wrote: ↑Tue May 10, 2022 11:00 pm What's the current CSP in branch offer that you're considering?
There are some reports of 80k + waived AF in some branches. I would have to try my luck though as it seems it won’t be a guaranteed offer. https://www.doctorofcredit.com/targeted ... ail-offer/
beets18
User avatar
Seasoned Rebel
  • Score data EQ8:821 TU8:784 EX8:805
0
Top
Post

Re: 5/24 Policy

9 of 13
2 years ago
Thu May 19, 2022 1:50 pm
User avatar
beets18
Seasoned Rebel
beets18 has passed the 24 month threshold and is completely inquiry free!
Level24 Last INQThursday, September 1, 2022 Gardening For2 years, 6 days, 20 hours, and 19 minutes Next Level in23 days, 3 hours, and 41 minutes on October 1st INQ 1yr onFriday, September 1, 2023 INQ 1yr reached1 year, 6 days, 20 hours, and 19 minutes ago INQ 2yr onSunday, September 1, 2024 INQ 2yr reached6 days, 20 hours, and 19 minutes ago
beets18 wrote: ↑Tue May 10, 2022 11:12 pm
BrutalBodyShots wrote: ↑Tue May 10, 2022 11:00 pm What's the current CSP in branch offer that you're considering?
There are some reports of 80k + waived AF in some branches. I would have to try my luck though as it seems it won’t be a guaranteed offer. https://www.doctorofcredit.com/targeted ... ail-offer/
As an update, I was approved this morning for the CSP 80k + waived first year AF in branch. $18,000 SL. I don't have any 5/24 DPs since I was at 4/24 including the CLOC from Affinity.
beets18
User avatar
Seasoned Rebel
  • Score data EQ8:821 TU8:784 EX8:805
6
Top
Post

Re: Chase Bank 5/24 Rule / Policy / App / CLI

10 of 13
2 years ago
Thu May 19, 2022 8:08 pm
User avatar
BrutalBodyShots
Senior AdministratorGoodwill Saturation Technique Author
BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!
Level27 Last INQMonday, May 23, 2022 Gardening For2 years, 3 months, 15 days, 20 hours, and 19 minutes Next Level in15 days, 3 hours, and 41 minutes on September 23rd INQ 1yr onTuesday, May 23, 2023 INQ 1yr reached1 year, 3 months, 15 days, 20 hours, and 19 minutes ago INQ 2yr onThursday, May 23, 2024 INQ 2yr reached3 months, 15 days, 20 hours, and 19 minutes ago Goal24 months Goal DateThursday, May 23, 2024 Goal Achieved3 months, 15 days, 20 hours, and 19 minutes ago
Sweet approval, SL and SUB/no AF deal! Well executed. :clap:
BrutalBodyShots
User avatar
Senior Administrator
1
Top
Post

Re: 5/24 Policy

11 of 13
2 years ago
Fri May 20, 2022 10:07 am
User avatar
SoonerSoldier33
Seasoned RebelTeam Cash Back
Level9 Last INQMonday, November 27, 2023 Gardening For9 months, 11 days, 20 hours, and 19 minutes Next Level in19 days, 3 hours, and 41 minutes on September 27th INQ 1yr onWednesday, November 27, 2024 INQ 1yr in2 months, 19 days, 3 hours, and 41 minutes INQ 2yr onThursday, November 27, 2025 INQ 2yr in1 year, 2 months, 19 days, 3 hours, and 41 minutes Goal24 months Goal DateThursday, November 27, 2025 Goal In1 year, 2 months, 19 days, 3 hours, and 41 minutes
beets18 wrote: ↑Thu May 19, 2022 1:50 pm
beets18 wrote: ↑Tue May 10, 2022 11:12 pm
BrutalBodyShots wrote: ↑Tue May 10, 2022 11:00 pm What's the current CSP in branch offer that you're considering?
There are some reports of 80k + waived AF in some branches. I would have to try my luck though as it seems it won’t be a guaranteed offer. https://www.doctorofcredit.com/targeted ... ail-offer/
As an update, I was approved this morning for the CSP 80k + waived first year AF in branch. $18,000 SL. I don't have any 5/24 DPs since I was at 4/24 including the CLOC from Affinity.
Nice! I'm so ready to be off Chase's naughty list. Lol. Congrats on your approval!
SoonerSoldier33
User avatar
Seasoned Rebel
  • Score data TU FICO 8: 641 EQ FICO 8: 616 EX FICO 8: 649
1
Top
Post

Re: Chase Bank 5/24 Rule / Policy / App / CLI

12 of 13
2 years ago
Fri May 20, 2022 10:57 am
User avatar
beets18
Seasoned Rebel
beets18 has passed the 24 month threshold and is completely inquiry free!
Level24 Last INQThursday, September 1, 2022 Gardening For2 years, 6 days, 20 hours, and 19 minutes Next Level in23 days, 3 hours, and 41 minutes on October 1st INQ 1yr onFriday, September 1, 2023 INQ 1yr reached1 year, 6 days, 20 hours, and 19 minutes ago INQ 2yr onSunday, September 1, 2024 INQ 2yr reached6 days, 20 hours, and 19 minutes ago
Thanks @SoonerSoldier33 & @BrutalBodyShots. I originally hadn't planned to get into the Chase line of cards, but an $800 SUB is hard to beat!
beets18
User avatar
Seasoned Rebel
  • Score data EQ8:821 TU8:784 EX8:805
1
Top
Post

Re: Chase Bank 5/24 Rule / Policy / App / CLI

13 of 13
2 years ago
Tue May 31, 2022 3:52 pm
User avatar
Birdman
Primer AuthorCo-Founder
Birdman has been gardening for over 2 years.
Level30 Last INQWednesday, March 2, 2022 Gardening For2 years, 6 months, 5 days, 20 hours, and 19 minutes Next Level in24 days, 3 hours, and 41 minutes on October 2nd INQ 1yr onThursday, March 2, 2023 INQ 1yr reached1 year, 6 months, 5 days, 20 hours, and 19 minutes ago INQ 2yr onSaturday, March 2, 2024 INQ 2yr reached6 months, 5 days, 20 hours, and 19 minutes ago
@beets18 congratulations! Nicely done nice limit!
Birdman
User avatar
Primer Author
  • Score data EQ8-827; TU8-817; EX8-816
    EQ5-751; TI4- 800; EX2-814
0
Top
Sorting 

Return to “Credit Cards”

Processing