My Chase banker actually told me about the 5/24 rule which is super awesome of him.
@Jungernaut5 жыл бұрын
Good guy 💪
@paulcharles65835 жыл бұрын
Wife is 6/24 and was instantly approved for a Chase card. She does have an established business banking relationship with Chase. Her 6/24 is 3 AU, 2 store card and one low CL Visa. FICO over 800.
@justSTUMBLEDupon5 жыл бұрын
Paul Charles I’m wondering if it’s because 2 was store cards
@icris6175 жыл бұрын
Talk about perfect timing. Needed help with this going into the new year
@michaelgrote35445 жыл бұрын
I work for chase and they are being honest. Chase does not tell us that is a thing. The algorithm is what decides everything essentially and they don’t tell us things like that.
@ScrazedHD5 жыл бұрын
I just applied for my first Chase card yesterday. Instant approved. Waiting for my card. Can’t wait.
@callmeNeno5 жыл бұрын
what chase card did you get and credit limit?
@ScrazedHD5 жыл бұрын
Neno Unlimited Rewards 20K
@jared9975 жыл бұрын
you can call and see if they will rush it (no charge)
@edwinmedina43385 жыл бұрын
Fancy!!! Awesome 👍
@princessmeganelsa89522 жыл бұрын
Got granted for platlium card rewards 😄😄😄
@Pedropulgar5 жыл бұрын
I agree with you Brian, I think choosing a credit card it’s not only a decision we should made based only on all the benefits we could get from it, or on a frugal mindset like you said, and should be more about we consciously choosing to work with an specific company rather than the other one. I mean, I would rather use a freedom unlimited and earn 1.5x than using a double cash and earning 2x but because I value more Chase as a company than Citi. Same reason we buy iPhones over other smartphones because we value Apple more than their competitors.
@zezhixia97845 жыл бұрын
If Chase pushed the pre approval offer in your account it is fine. A lot of people are getting shut down is because they are using the link that doesn’t belong to them.
@DuffMan-c5z4 жыл бұрын
Additional data point: I was approved both 6 days and 26 days after getting under 5/24
@rainerwells15735 жыл бұрын
So I just subbed a few weeks ago, I see your gains or either you hit a fire set to look pumped on camera😎🤑 lol great work your channel really connects with my younger bro and myself!
@renemccracken63195 жыл бұрын
thank you for giving so much info, my ADHD brain is so focused rn
@causeandeffect76945 жыл бұрын
I'm not sure if Chase looks at debt to credit ratio, but this could be a possibility of being denied by Chase also.
@BadWolf5075 жыл бұрын
I applied for chase sapphire got approved then applied for chase freedom got denied it was my sixth card applying for
@eannsingh5 жыл бұрын
Important rule to know if you plan on getting any credits cards from chase
@williamwilson39815 жыл бұрын
I’m now at 5/24 but I just got a chase card and I’m waiting 3 month before I apply for another. Since it was my 1st chase card even though I have a 776 fico I’m still going to give chase time to be comfortable with me. I’m in no hurry.
@Jungernaut5 жыл бұрын
This is the right mindset. 100% support this Will
@williamwilson39815 жыл бұрын
Brian Jung thanks Bryan, besides I’m still working on my Amex gold so I can get my 60k MR points 😋
@codyburklund63614 жыл бұрын
Should I apply for the chase reserve? Today’s been exactly 2 years, should I at least wait till tomorrow or would today be fine?
@SoulAtSail71304 жыл бұрын
Brian, I wish i had came across your channel sooner, So I just recently got accepted to Amex Blue Cash & Chase Freedom, and it puts me at 6/24. My credit Scores are in the low 700's. I have a total of 4 recent inquiries. I want to shoot for a business card now that I am aware of them, but i dont know how long I should wait before going for it.
@darealphantom5 жыл бұрын
I’m definitely building up my credit to over 700 before applying for a credit card I want to get the Sapphire Preferred and/or the Amex gold
@Jungernaut5 жыл бұрын
Those are two amazing cards
@bilalcollins67744 жыл бұрын
I want the Amex gold just for the flex 😎
@justSTUMBLEDupon5 жыл бұрын
Does chase count store cards? Like store credit cards that can only be used in a store Also does the business ink chase card count as a 3rd or it’s just a business card and doesn’t count
@alanharrison6944 жыл бұрын
Great vlog Brian! I have 4 cards and was thinking about applying for the CSP. I have been denied twice by other companies but opened 4 this year. Will the denials count towards the rule? Thanks.
@iverson2k103 жыл бұрын
Hey Brian I gotta good one for you. I recently walked into my local bank and I accepted a soft pull credit card they offered me while I was at 4/24. I haven’t seen it on my credit yet, so I’m wondering if chase will see I’m at 5/24 if a apply for the flex?
@sugarbear12255 жыл бұрын
Love❤️your videos Bro 👍thanks for the information
@TravisWolfe1014 жыл бұрын
Been working on building my credit and got a credit card from PNC who I do bank with. I've had the card since December 2019, gonna hang on for a bit longer and try to get a freedom card later in 2020.
@IkaikaArnado5 жыл бұрын
The points and miles game is definitely a marathon and not a sprint. Average aquision for personal cards should only be be one every 120 days. At that pace, with the current rules, you can cycle cards risk free, indefinitely, without hitting a gardening state.
@ummhabeebah88125 жыл бұрын
I just got declined for a business card with chase today at the branch current score 788 but I applied for 5 business cards in nov got approved for 4 two of which were cap 1 biz and disc biz who report to your personal credit report when the rep called in the cc dept told us I applied for too many cards in the past 24 months
@palmtreesproductions60024 жыл бұрын
What if I have 2 open credit cards but 5 hard pulls in under the 24 can I still apply for chase card
@danielmondragon50445 жыл бұрын
I’m over 5/24. I just went to a Chase branch yesterday and applied for the CIC. Hopefully I get approved since I’m making a lot of purchases due to moving.
@jared9975 жыл бұрын
sorry to say but that doesn't really work anymore unless you get lucky and slip through the cracks
@JohnnyTrulove3 жыл бұрын
don't you get approved immediately? usually a response in the mail means denied.
@Saboramii3 жыл бұрын
I have a 650 score, no cards since forever and a 7 year old Wells Fargo charge off from an old student credit card. Where do I get started to help, improve and benefit from credit? Thanks! 🙏🏽
@ther62565 жыл бұрын
What if you open five or more within the last two years but some of the accounts are now closed would you be penalized for applying to the Chase card? Also does the 5/24 apply to the chase bonvoy card?
@SlavaMoney5 жыл бұрын
Good to know. How many total Chase cards can I have at the same time?
@victorliu56654 жыл бұрын
Not automatic got reject, i got pending and then called in. chase told me specifically that due to 5/24 rule so i was rejected.
@albertcastro4094 жыл бұрын
Your great 👍🏻 with the reviews!
@michaelshay1725 жыл бұрын
at 5/24 applied for chase unlimited and approved
@patrickconnelly10844 жыл бұрын
Do store credit cards count towards the 5/24? If you include my Home Depot credit card(offered by Citibank BUT can only be used at Home Depot) I'm at 5/24 and have to wait until December to apply for any Chase card. THANKS!
@klg2knwmeklg2knwme785 жыл бұрын
Hello. Do store credit cards work against the 5/24 rule?
@koreypaul66984 жыл бұрын
Yes. Don't get them. I know this is a late reply. Don't miss out on Chase because of a Target card..
@demisemedia4 жыл бұрын
Good video Brian! I received my Chase Freedom Unlimited in December of 2019 and just got my $200 Cash back bonus earlier this February 2020. When do you think i should apply for the Chase Freedom? I would love to get that 2nd $200 bonus as well lol!! I mainly use my credit cards for gas, groceries & other small things.
@ralphacosta38914 жыл бұрын
if you decide to get all 3 "business cards" from chase, will those counts to the 5/24 rule and is that still allowed or was it halted?
@GabrielGuzman184 жыл бұрын
thank you for the knowledge!! Does anyone know if personal loans and closed accounts affect the 5/24?
@troyrichardson87874 жыл бұрын
Nope only revolving loans
@starchild54775 жыл бұрын
Is being an independent contractor driving for Lyft or Uber make me eligible for a business credit cards
@sachinkrishna25235 жыл бұрын
starchild5477 yup 👍
@bobby32103 жыл бұрын
Wait but how is driving for someone else eligible for business cards?
@RFABProductions5 жыл бұрын
So what some people are saying the 5/24 rule is a 50% chance that it'll effect someone , some get effected while others don't ? Can someone clear this up for me I'm currently at 4/24 and not sure if I should wait until January to open my 5th or just do it now ?
@mike_martin09203 жыл бұрын
I’m rebuilding my credit. Currently at 640. Petal denied me. Just got approved for a Apple Card and was approved for $250. Also did a self building credit loan with Self. Well that soft pull from Petal count against that 5/24 rule? Thanks for the info 😎
@p2o8wer5 жыл бұрын
What happens if you get approved and start using the card and then go for another Loan or card? Will they take the card back? I’ve heard stories of chase cancelling someone’s card out of no where.
@sandramolidor-realtor1045 жыл бұрын
When you're referring to account shut down about 5.24 in. What exactly do you mean with this? I'm trying to build my credit score at the same time that I want to apply for a lot of different cards. Will this shut my Chase card down if I would get approved for one?please do elaborate a bit for me if you dont mind!
@shkim1034 жыл бұрын
can I get the welcome bonus if I upgrade from the Chase freedom to the chase sapphire preferred or reserve?
@Thacldriva5 жыл бұрын
Does a Td bank account count towards 5/24? My Samsung account which I can only use with Samsung (no card) and my Tourneau account which I received a Store card that can be used in store only. Td bank is the primary lender. Thanks Brian , keep doing your thing 💪🏽
@brittanyjackson58814 жыл бұрын
Does authorized users affect the 5/24 rule!
@keshahall6404 жыл бұрын
What if you close a credit card? Would that still count?
@munchnmeech81813 жыл бұрын
Do personal loans count
@gr55654 жыл бұрын
What about chase business cards? Do they fall under the 5/24 rule?
@hhh-j7v5t5 жыл бұрын
I need someone‘a opinion. I have a freedom and freedom unlimited but want to get into travel cards. I think my next card will be the CSP, should I upgrade my unlimited or wait and apply for the CSP on its own? I don’t want to miss out on the sign up bonus
@MaseratiHolly5 жыл бұрын
HannahEldridge14 wait and apply. if u upgrade, u will miss out on the sign up bonus.
@JH-D40755 жыл бұрын
If business cards don’t effect 5/24 shouldn’t I be able to get the chase ink business if I’m passed 5/24?
@Openyoureyes9323 жыл бұрын
Will finance CCs count?
@ImStillStealingSteel5 жыл бұрын
Yes plz, more content. We miss seeing u, bro.
@stephaniepshannon11284 жыл бұрын
How do you get a business credit card if you don’t have a business? If they want the company name.....💁🏼
@Lrowl34 жыл бұрын
Does it also count online credit cards like through synchrony?
@joshmccarty88003 жыл бұрын
What about credit card applications that soft pull and you were denied for?
@onggusly4 жыл бұрын
How about if I’m at 5/24 but want to apply for chase business credit card, would it be affected by 5/24 rules as well?
@hecberrios4 жыл бұрын
Sup Brian, I want to ask if you know any rule with Chase about credit age. I’m under 5/24 rule but got denied. I called and they said my credit was good (719) but I had no relationship with them, referring to a bank account with Chase but mustly because of my credit age. I had my first credit card opened almost a year ago but my last one was this February, I applied for Chase Freedome las February, before all the quarantine thing going on and then I received the denial letter. I didn’t ask what’s the minimum credit age but I just wanted to know if there’s something makes clicks with that rule.
@steviedickson47363 жыл бұрын
Does cards in which you appear as an authorized user count towards the 5/24 rule? Or, is it only your actual cards where one its your account and you are the primary card holder. ...I have four cards of my onw but I was listed as the authorized user of many other cards
@sixdaslayer44263 жыл бұрын
I wouldn’t think that would count since you are authorized under the other persons credit.
@steviedickson47363 жыл бұрын
@@sixdaslayer4426 thanks
@stockstrategies86225 жыл бұрын
Brian I opened a business checking account with Chase and applied for a business preferred card, the teller said I'll get a letter in 7-10 days, was I denied? Is it worth it to call the reconsideration hotline? I have like a 720 credit score.
@narutolol31995 жыл бұрын
“It depends” haha I see you picture fit
@gerardocadenas73995 жыл бұрын
Hey Brian so how would you like to host interviews over the phone and just get them uploaded to your KZbin channel where you give and get great advice/storytelling so example I'm 18 yr old based from Chicago first credit card is actually the Chase Freedom Unlimited Student Credit card 😂 and now I'm looking to get into Amex is it a right time I have an age of 4 bout to make 5/Months I also check credit karma a on biweekly bases since you know it's not updated everyday day or say every week even we can talk about this or something like that on the phone or Skype it be pretty cool choice is yours
@albertcastro4094 жыл бұрын
Is the Hyatt hotel card card also part of the 5/24 rule ?
@joramcastle5 жыл бұрын
Hey bro! Thanks for all the info! I have 3 cards: Discover it, chase sapphire and AMEX platinum. What’s the best way to take advantage or use this 3 cards?. Thanks bro!
@josephserfino915 жыл бұрын
Hey Brian are you saying that even if you are over 5/24, you can still apply for Chase business cards?
@ImStillStealingSteel5 жыл бұрын
Thanks for the 411, Jungy :)
@BadWolf5075 жыл бұрын
So if i get an offer in the mail should I reapply again? Or ignore the offer
@teknotiksllc72015 жыл бұрын
I got denied for the Discover it! card and I have a 720 score. :shrug:
@danielpozo86235 жыл бұрын
Same man... had a 750 and they declined me lol.
@oarias51585 жыл бұрын
Dang I had a 714 and got accepted. Good luck guys
@BOXTRUCKBJ5 жыл бұрын
Daniel Pozo I got approved with 690 7K discover It
@ashlieneevel96714 жыл бұрын
Wow I got one in low 600s two years ago
@faithful3603 жыл бұрын
Over 700 really isn't there demographic
@billyhuahua46744 жыл бұрын
If has denied already wat I should do
@DexTheOwner4 жыл бұрын
If my 5th account gets closed will I still get denied ? It’s only been open for a month.
@TheJuangangster5 жыл бұрын
But if you’re over 5/24 , you can’t get any of the Chase Business cards right? I think that’s worth noting cause a lot of your viewers who are past 5/24 may want to apply for a business card and get a hard inquiry decline for no reason. Chase Business cards don’t impact your 5/24 rule but they are subject to it. Someone correct me if I’m wrong or let me know what’s up. I would appreciate it.
@Prince-fr2lr5 жыл бұрын
Does the 5/24 apply to cards you got denied for aswell?
@foobar58535 жыл бұрын
No it does not, it only applies to CC ACCOUNTS OPENED
@Prince-fr2lr5 жыл бұрын
Thanks
@orlando3375 жыл бұрын
I have 5 cards already but my first card is going to be 2 years already by january but i dont know if i should apply
@saraifamily59524 жыл бұрын
Hey I have a question, with chase 5/24 rule, what if you say have 7 cards, and close 3 of them will it work? Thank you !
@hectorpacheco51544 жыл бұрын
Sarai Family I think this won’t work, because it is checking if you have opened 5 cards within 24m, despite the accounts being closed. Also this may not look good on your report if you close 3 cards within 24 months of having them. It’s best to just wait, unless you already plan on closing the accounts
@iamamai52525 жыл бұрын
Oh rip I just applied to the chase freedom and freedom unlimited back to back. But I got accepted tho so I should be fine right
@jacob9335 жыл бұрын
Does closing a card result in Chase opening a new slot for you? Was not mentioned - I assume not but nobody seems to know :O.
@budgetto5 жыл бұрын
It does not.
@GreyShield74 жыл бұрын
Sadly no
@jared9975 жыл бұрын
Discover and Capital One business cards do report to personal credit report
@minnienartanaid5 жыл бұрын
Bryan, so I am currently at 4/24 (3/24 on the report b/c I just recently applied for the BCP last week so it hasnt reported yet). If I were to apply for say the CSP in about 2 months after reaching the SUB for the BCP, I would be at 5/24. If I were to apply for a business card from Chase 2-3 months later, would I get denied b/c of 5/24?
@myusernameisthisduh3 жыл бұрын
are you answering your own question?
@michaelcampanella365 жыл бұрын
5/24 doesn’t bother tbh I’m just trying to complete the trifecta . Got CSP , CFU on its way in the mail then CF I’m good!!
@marvinthomas56335 жыл бұрын
It’s true Brian I called the recon line and was told I got turn down because I have more than five accounts open in twenty four mouths I just told her oh ok good to know
@david7anto5 жыл бұрын
Brian - Will the Hyatt workaround that you teased few videos back be upon on the channel or on the Credit Society group!
@veryhugenick4 жыл бұрын
Does Fingerhut count as 5/24?
@dbaldwin5 жыл бұрын
Does this also apply if you are an authorized user without it being your primary?
@Jungernaut5 жыл бұрын
I would be very careful about being added as an AU. I have heard from multiple people that when they were added it counted as an opened account for them especially if it was within that 24 month period
@dbaldwin5 жыл бұрын
Ok great, the one good thing about AU is that it didn't add inquiries to my account. I've got one slot left, A chase card will be my next entry, or Navy fed. thanks Brian I rocks with this channel.
@thecrustyJman4 жыл бұрын
Is 5/24 just with cards or with hard pulls. I’ve gotten 4 cards and an auto loan in the past 24 months. Am I good?
@GreyShield74 жыл бұрын
You should be good, yeah. The 5/24 rule only applies to approved and active accounts
@taylorcordel1575 жыл бұрын
what if I remove all the inquiries from my credit report? What I still be able to apply?
@MONEYNOSLEEP5 жыл бұрын
The inquiries don't matter the 5/24 is 5 new accounts in last 24months.
@taylorcordel1575 жыл бұрын
Emmanuel Rodriguez oh I see
@MONEYNOSLEEP5 жыл бұрын
@@taylorcordel157 How do you remove inquiries though ?
@sironeil-personalfinancere93674 жыл бұрын
Who else watching in 2020? 😂
@mehsmerizegt10964 жыл бұрын
Hey does My Jewelers Club count as 5/24
@wisenige4 жыл бұрын
I’d like to know as well!
@Madmaxxxx19844 жыл бұрын
I'm assuming inquiries won't count , like credit increases or vehicle loan?? Just credit cards
@rmcgraw746883 жыл бұрын
@@Madmaxxxx1984 my jewelers is considered a revolving charge account ...
@jonkaptanoglu36405 жыл бұрын
I literally applied for 3 chase cards this month and was approved for all. 2-30?
@DanielYeung5 жыл бұрын
There was a glitch a couple weeks back that let people bypass rules.
@jonkaptanoglu36405 жыл бұрын
I guess I got lucky. Lol
@joejeans79135 жыл бұрын
same here. but personals
@jonkaptanoglu36405 жыл бұрын
I did two personal ... Chase Sapphire Reserve and Chase Freedom and then Chase Ink Preferred. All within 15 days. It was a good risk lol
@josethsolis175 жыл бұрын
Tha'ts crazy!
@albertcastro4094 жыл бұрын
At least I have two with chase CSR & Amazon card !
@mcolumbusm5 жыл бұрын
For the 5/24 does it count whenever you apply regardless if you are denied? Or only if accepted?
@antwrecks5 жыл бұрын
Ivan Mauricio Guillermo Columbus Morales account must be opened
@MrYoungjj5 жыл бұрын
I applied for freedom unlimited they I have to wait for 30 for reply. Am I deined
@josethsolis175 жыл бұрын
Would a loan (car/student type) count as one slot for 5/24 ?
@hectorpacheco51544 жыл бұрын
Joseth Solis I believe this only applies to credit cards
@theinquisitor185 жыл бұрын
Sorry, if this is a dumb question, but if I have a loan on my account does this go towards 5/24?
@szearc5 жыл бұрын
Jacob No just credit cards
@Blicky_Minaj5 жыл бұрын
Hey Brian !! I got approved for a business credit card earlier today $10k!!! Question : How long should I wait before applying for another business credit card?
@Jungernaut5 жыл бұрын
How long does it take for you to hit the welcome bonus? I would recommend watching this video kzbin.info/www/bejne/m3e7fnqjlLV4aa8
@joejeans79135 жыл бұрын
do it within 24 hours they will only hard pull once. If you wait too long you'll get another hard pull. I just did same thing .
@Blicky_Minaj5 жыл бұрын
Brian Jung I don’t care for the points honestly, it’s a bonus but I need to capital for real estate investing.. so should I apply for all 6 cards before the day is over with?????
@Blicky_Minaj5 жыл бұрын
Joe jeans thx bro, I applied for both and got approved 💪🏽
@joejeans79135 жыл бұрын
@@Blicky_Minaj Nice! now wait a month and do it again with 2 more other cards . 3 approvals rarely happens within 30 days. for personal that is, not sure about businesses Key is if you do it, do 2 at within 24 hours.
@liyev5 жыл бұрын
I'm never going to be able to get a chase credit card because of this rule.
@ChinNationFTW5 жыл бұрын
Same
@liyev4 жыл бұрын
@Hatersgotohell I probably will when I'm out of good cards to get.
@RajendraSingh-ww2ei4 жыл бұрын
Is it if I have more than 5 cards in a 24 month period or if I APPLY for more than 5 cards in a 24 month period that Chase won't accept me?
@RajendraSingh-ww2ei4 жыл бұрын
Like if I have more than 5 soft inquiries applying for many credit cards, am I auto denied for any Chase credit cards?
@andrewkim90055 жыл бұрын
I applied for the Chase Ink Business Unlimited card a couple of days ago and I was told it did a hard pull. Does that go against my 5/24?
@jervez9115 жыл бұрын
No
@LetsFightCrohns4 жыл бұрын
So do you have to wait another 24months after you get 5 cards to get a chase card?
@LetsFightCrohns4 жыл бұрын
Never mind you answered me
@rodolfoalva4224 жыл бұрын
Thought amazon’s cars doesn’t count
@licorish5 жыл бұрын
Is the chase business cards subject to 5/24 rule?
@Jungernaut5 жыл бұрын
They are subject to it but do not add on to the 5/24 rule
@mastertommy68795 жыл бұрын
Only so many cards in ecosystem? With all banks and store cards, etc I think there are hundreds or more...