Does people here use a tool (such excel) to track open CC within 24 months of you check your credit report often?
CreditKarma.com
Gracias Ingeniero. I am also an engineer. I have a creditKarma account but don't go there often. Thanks a lot.Code:CreditKarma.com
Thanks a lot. I will work on populating an excel file with my cc.I also keep a spreadsheet. I find it easier to track all cards opening date, closing date, date the bonus posted, annual fees, etc. I keep separate pages for my cards and my wife's in chronological order.
El Ingeniero is also a famous tango by Carlos DiSarli's orchestra. Not my favorite, but I thought it fit me for a moniker.Gracias Ingeniero. I am also an engineer. I have a creditKarma account but don't go there often. Thanks a lot.
Chase Ink, United Business, and Southwest Business applications require you to be below 5/24 to be approved, but the new business card won't add to your 5/24 count for future Chase applications.Is 5/24 rule applicable to chase business cards?
In today’s climate, you need to space out Chase applications. I don’t know when you applied, but if you’re within 30 days of the application date I’d try recon again.When I was rejected for my Chase Marriott Business Premier, they cited having too many cards opened (I only opened 4 since January, and the CSR in Aug 2016). Not sure how to interpret that.
That shouldn't happen from an infinite number of hard pulls. There is a limit of ~6 hard pulls before your score is no longer affected. An underwriter may interpret a lot of hard pulls differently, but the score shouldn't be affected by any where near that much.This was back in late Feb/Early March. I guess I'll just try again. Then again, adding all these HPs made my CS drop from 805 to 615. Barely back up to 660 after a month.
This is quite true. I'm guessing Very High Utilization?That shouldn't happen from an infinite number of hard pulls. There is a limit of ~6 hard pulls before your score is no longer affected. An underwriter may interpret a lot of hard pulls differently, but the score shouldn't be affected by any where near that much.
Where are you getting your credit scores?
You should look at your credit reports to find out what else changed.
My understanding is that mailers do NOT bypass 5/24. If you are beyond 5/24, and receive a mailer for a card that is subject to 5/24, the fact that you received the mailer isn't going to make a difference.I'll go ahead and extend this thread if you don't mind ... I guess it's too late if you do!
Do mailer offers typically bypass 5/24? Mind you, I'm talking about one I might acquire ... not one sent directly to my name. I haven't counted in awhile, and while my count is certainly coming down, I have to be at least 10/24. Have an Ink Cash acquired long ago as an fee card but downgraded but want (also) a new CIP.
I have no leads but thought I'd poke around. No use if it isn't going to help me tho. TIA!
Nope. No sense in wasting a credit pull.I'll go ahead and extend this thread if you don't mind ... I guess it's too late if you do!
Do mailer offers typically bypass 5/24? Mind you, I'm talking about one I might acquire ... not one sent directly to my name. I haven't counted in awhile, and while my count is certainly coming down, I have to be at least 10/24. Have an Ink Cash acquired long ago as an fee card but downgraded but want (also) a new CIP.
I have no leads but thought I'd poke around. No use if it isn't going to help me tho. TIA!
Thanks. I was coming back to this to report that my favorite blogs claim that 5/24 still applies to these mailer offer. So, you're right, I won't be wasting a credit pull. Thanks!Nope. No sense in wasting a credit pull.
Same case with my wife. The agent said that my wife has too much credit and doesn't need more. I've written off Chase and would no longer be applying for their cards. The opportunity cost of 5/24 is too much.My wife got under 5/24 on her cards, but not as an authorized user. This resulted in a manual review of her applications that resulted in initial approval, but a second set of eyes decided to flag her for having too much available credit and was not willing to switch it from the other 2 chase cards she had. I was shocked and disappointed after her restraint needed to get under 5/24 to not be approved despite having a legit business with 4 years of history and already having a marriott business card with Chase.
Personally, I don't use excel. But that's probably because I usually hit sign-up bonuses one at a time so no need for organization.Does people here use a tool (such excel) to track open CC within 24 months of you check your credit report often?