There are a number of Reddit reports about Chase approving people for the new Sapphire Preferred 80,000 offer/ 90,000 offer, despite their being past 5/24. That is to say, despite their having 5 new cards showing on their credit report as having been opened within the past 24 months they were able to get approved for the new Sapphire Preferred card.
Whenever these reports have arisen in the past it usually ended up just being bad math, e.g. counting business cards or counting the half-month. But this time there appears to be a few credible reports on post-5/24 approvals. It’s unlikely that 5/24 has been eliminated entirely, but it does tentatively appear that either it’s no longer an iron-clad rule or that they’ve introduced a new variable to the rule that we aren’t yet aware of.
Here are some data points in the comments confirming: 1, 2, 3, 4, 5, 6
We reported in the past on the ‘suspension’ of the 5/24 rule for Chase INK cards for a specific time period, and then we continued to see sporadic success post-5/24 on INK cards even beyond that. This was thought to be specific to Chase INK cards, yet it now appears it might be part of a broader loosening of the rules.
Big news here, but again, even if true, it will likely only affect a small percentage of card applications. Please let us know in the comments below if you have success with this on the Sapphire Preferred card, INK cards, or any other card.
(Side note, anyone applying for the Sapphire Preferred card, please use a reader’s referral link.)
Source: doctorofcredit.com