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The Rules of Chase Credit Card Applications at Chase Com Verifycard. Com

Rules to Know for Chase Credit Card Applications

It’s a passion from SMB and today we’re going to talk about what rules need to be aware of if you’re applying for a chase credit card. But first if you are new here, we’re all about how to maximize the value for credit cards, so how to get the most cash back and also how to travel for free and that sounds interesting at the start of our Channel.

There are two rules you need to be aware of. They are the 230 rule in the five 24 roll and the 230 rule says they can only have two applications every 30 days; otherwise they’ll automatically be rejected. A good strategy here would be Delhi for both cards on the same day, so tastes like a lot of other issuers if you apply for more than one card in a day instead of pulling your credit twice throwing in a folded one.

In this way, you get two credit cards of only one hard pull, minimizing the negative effects on your credit report, just because you can, it doesn’t mean you should. So even though you can’t apply and get approved for two cards, if your credit profile isn’t good enough, you’re not going to get approved.

If you’re someone who recently got credit, who doesn’t have too much experience, you already have a lot of chase cards. Then Chase will probably approve you for one card every 30 days. The next thing we’re going to talk about is a chase 5:24 goal and something that a lot of people get confused with. So I want to provide a bit more clarity.

The main idea is that if you have more than five new accounts in the last 24 months, then you’re automatically going to get rejected for certain taste cards. And again the five new accounts can be from any issuer and they’re looking at your credit report, so whatever reports to your credit report, your personal one as well matters.

If you’ve got three Banks of America cards and two Citi cards in the last 24 months, then you’re going to be affected by five 24 the main exception to this business cards, that doesn’t post on your credit report. So Bank of America American Express chase those who don’t post to your credit report, so they won’t affect your 5:24 rating trades, business cards don’t report to your credit report, so they do not affect 5:24.

Even though chase can see them and they know that they exist, it’s like a robot seeing that if on credit record greater than 5 in 24 months, then reject. If you hook up 7 new tastes business cards in the last 24 months, but let’s run through this example.

Then your x24 rating would be zero out of 24, because those don’t really count. Let’s take a look at my cards. Since I chase 5:24, if you want to know what these boxes mean, you can look at the bottom. The gray ones means that you can apply to them, so they don’t really matter and green ones mean that they are not affected by pop coming for, so you can apply for them freely.

The blue ones and red ones, our work is a bit interesting. The blue ones are the ones that are affected by 524. If you have more than five new accounts in 24 months, then you’re automatically going to be rejected. But there are ways around them via pre-approvals and what’s a bit more – pre-approvals weird ones are cards that are affected by 524, and there are no pre-approvals.

Pre-approvals means that you’re going into a branch and talking to a banker and seeing what cards they see on there and are pre-approved. So anything like it is that I go into a branch to find out or you have to build a rapport of a banker. Just email them. Tell me if there are any new pre-approvals. If a banker tells you that you’re pre-approved for everything.

So either you are pre-approved for everything are they’re not really sure and they’re saying that you will apply for a card in this way and make sure it is the bankers that print out the terms. If you look at the interest rate number, it is a fixed number, you are pre-approved.

If it is arranged from 17 to 21, you are not pre-approved. If you’re pre-approved, you’ll see something like 18 point—just because you’re pre-approved for a card, it does not mean that you’re actually going to get approved, so they’re still going to look at your income and your credit score and stuff like that.

So don’t think that it’s a hundred percent for our purpose, we’re looking at pre-approvals as a way to get around 524. If you’re looking for the optimal strategy that you should go towards the right parts first, then the blue cards and then the green card. The main reason why you want to go towards the red cards, first is because they’re affected by 524 and there is no pre-approvals, meaning that there’s no way to get around it.

Once you go over about 24 and just because it’s also most rata tree, it doesn’t mean to make sense for you. I avoided it—Southwest cards, because I’m not in a Southwest hub and they don’t make sense for me, same thing to slake card, unless you can really use the perks of that card. It doesn’t make sense to get it at the end of the day, you should apply for cards that make sense for you and to add value based off.

What you’re trying to achieve? For example, a friend of mine is looking to propose his girlfriend and he was asking me what cards to get if you want to go to the exotic place and the ones I recommended was the tree Sapphire Preferred, Asaph. I reserved the Hyatt and the Ritz-Carlton, and the Hyatt of the Brooks Carlton are not affected by 524.

But for his purposes, it makes a lot of sense, because he’s trying to have a really special occasion, in case you don’t want to go in branch to see. If you’re pre-approved, there are two other ways. If you go online, when you lie in sometimes, there are selected offers for you. If there is a green check mark, that might mean you’re pre-approved for something.

So I would check that and the alternative is that you might get a mailer with a very specific link. If it’s not a general one or it has a very specific link to apply, that’s typically a pre-approval. If you’re wondering how to get pre-approved for cards, the recommended weight is not to add any new taste cards for six months.

Pre approvals are not really a science, so it’s still a black box, so some people say four months or six months, and some people say it’s not based off. When you add a new account, it’s based on applications and stuff like that. But personally, how it has works is that it doesn’t apply for any taste cards for six months in terms of the sign up bonus.

You’re eligible to get it as long as you do not currently have a card, so either yourself or as an authorized user and you have not gotten the bonus in the last 24 months as the main user. For example, if you have the ice, you sign up off for in 2014, since it’s been more than two years, you’re going to be eligible for the offer again. It’s just depends on whether it makes sense for you to do that for my personal cards, like the I extreme card the freedom and a Chase Sapphire Reserve or basically keeper cards.

So I get much value from them, there’s no reason for me to try to do any of this and they’re basically the firm base I need for my credit score. The main takeaway is that if you’re currently an authorized referred card, and you would actually want to remove yourself before applying for it in that way, you can get a sign up offer in case you’re wondering how a product in toward affect an authorized user.

So let’s say I have a car tonight at Mandy as an authorized user. If I do a product change, Chase is actually going to send me two of those new cards. So let’s say I change from the freedom to the freedom unlimited for whatever reason, then chase is actually going to mail us to new freedom unlimited cards. If you know anyone who would benefit from this video, feel free to share it with them because it’s probably going to help them out.

If this was helpful for you, please give us thumbs up, it really helps us out. Let me know if you have any questions. My question to you is what your thoughts and phases goals are, do you think they’re good or too strict? Let me know from the comments down below, I would like to see you next time.

 

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