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I referred 3 friends over 5/24 yesterday, 2 got instantly approved, the other got hard denied even after recon. One of the approvals had just opened 4 open loop store cards in December and one in September, an absolute miracle he got it.
Approved for CSP with 7/24, last card opened in January. 749 fico and 80k income. Had to call reconsideration but they were quick and cool for a 10k approval.
I’m over 5/24 and just got approved for a Sapphire card. It wasn’t easy and was thinking for sure it was a denial. I took a shot at it bc Chase mailed me some 100,000 point offer. I went for it and it didn’t give me a decision. I got a “chase will get back to you” message. I then got a call from an 800 number that was a Chase fraud line. I called back the recon number and they asked me some identity questions and came back with an approval. 😮
Seb, please do a video showing us how you are able to book flights using points. I've accumulated a pile of Amex points, only to discover how difficult it is to use them. Using points on premium cabins for huge value sounds amazing, but there are literally zero seats available to book across ALL airlines. It literally took me an entire year to finally score a spot for The Room with ANA from JFK to HND. Same thing with SQ, KLM, and Air France. I am sitting on a huge pile of Amex points that are virtually useless because there are simply NO SEATS available for redemption. I am beginning to swing heavily into earning Chase points, because at least Hyatt points are easy to use while offering decent value. Seb HELP!
I used to have the same mindset of looking for plane tickets the same way I usually do… try something unorthodox… I know you have set dates but I want you to get familiar with patterns. Use google flight for your destination, learn the most direct route near you with business class…which airline alliance program is it? For example I am currently eyeing a flight to Rio de Janeiro. I live in Boston. I cannot search for flights like most people… I have to look at high likelihoods… most of these awards are last minute. I know it sux to gamble but only luck I’ve had is on emirates or Qatar for bookings a few months out. Anyway I know the heaviest traffic (most planes most availability , better to focus on) is NYC to GRU. This is the high likely route I’ll grab a business class seat (and IAD but I didn’t want to make this more confusing). United and AA are my likely options. I’ve already booked economy flights; but I’m very sure if I wait until 2 weeks prior (since I’ve recognized patterns) that United will release business class award seats via air Canada/aeroplan for approximately 62000 miles one way… I am not certain but I’ve tested this availability on flights two weeks from now… I hope this helps. Of course do some research but if I were you I’d start looking for your same flight (let’s say you want a flight in November) for next week. Search availability next week. Recognize the pattern. Does this available seat pop up 14 days before? 21 days? Etc…
This is why I have stuck with Chase. Their points are just so easy to use for reasonable value. I either try to find some decent deals with Hyatt or book with the portal and get 1.5x value with the CSR.
I can confirm this. I applied for the Sapphire preferred and got approved! I was 7/24. I was holding out but took a leap of faith after reading many people getting approved being over 5/24.
Holy shet....yeah I just did it. but I have a huge relationship with chase. Multiple cards, bank acc, and loan. ""NAME you're approved! Now, let's get you set up.""
I just did the JAL flight from SFO to Tokyo last week. It was incredible. The service was at a level I’ve never seen before. Seats were very comfortable. If you have the opportunity to do this flight DO THIS FLIGHT.
Applied today for the Sapphire Preferred, got turned down, called the reconsideration line and was told by the agent that it was because of 5/24. Looks like it is back in effect for this offer!
Just stayed at the Hyatt Tokyo Bay Hotel in Japan. While the property was nice and modern the service left a lot to be desired. We received no assistance with our luggage (6 total bags in all) checking in or departing. No information was given about the shuttle service explaining that the drop off and pickup points were different, depending upon where you’re going and last but not least the breakfast was average at best and by day 3 we no longer wanted any part of it. The Hyatt Osaka although a bit outdated was a very enjoyable experience and service was exceptional
I received my Bilt card last month. A few of the things that are often overlooked is 3x on dining (6x on the first of each month), 2x on travel (4x on the first of the month). Plus... Bilt gives you 5x for five days on all purchases when you first receive the card.
🥂 Hey Sebby! I enjoyed this video. I wish Chase would just get rid of the 5/24 rule altogether, but that’s because I’m at 4/24 and don’t want to be in Chase jail 😂😂😂. My buddy got denied for this CSP, he’s wayyy over 5/24 though. Fair point about the Bilt card. I got it recently, but I also thought about the opportunity cost of missing out on using my rent payment to hit a minimum spend requirement. To be honest, the Bilt card would simply get sock drawered while meeting a min. spend requirement that needs that extra boost from my rent payment.
I'm flying from Tokyo to LA in a couple of weeks on JAL First Class! I'll make sure to have an extra glass of Salon Champagne to make up for the one you missed 🥂🍾
I grabbed the Bilt since my rent is high and there's no other way to earn points on rent (at least not on an ongoing basis). Bilt is a great way for me to get "free" points on something I'm already spending on. Plus they have some great transfer partners including Hyatt so I'm getting 2-3 free nights/year at decent properties essentially - almost $1000 in value pretty much with no extra outlay. But I already have a ton of Chase cards and AmEx and am still under 5/24 even with Bilt right now.
I just applied for AA card mentioned and got it. I don't necessarily need it but 75k points isn't too shabby. The 3500 in 4 months will be easy to do in 1 so I figured why not. If I don't like it after a year I will downgrade. Thanks for the vid. 🥂
Over 5/24 (7/24) and got approved. Last time I applied for a cc and got an approval was late January/early February. Needed to wait about a 1ish year to be out of the 5/24 jail
I have a friend who works at Chase. I applied for a sapphire preferred for in-branch offer of 90,000. 5/24 still counts. I was denied for having credit limits under $5000, too many inquiries, and low credit history
🥂 Maybe a fun datapoint. 5/24, but have been sitting on CSP and CSR (and, unrelated, Slate Edge) pre-approvals on the website for a while. Tried going for the in-branch offer on the CSP, and got auto-declined for "underwriting" liability. Banker called financing, who explicitly referred to 5/24, no issues with credit according to them, and no chance to transfer limits from another card. Shot off the pre-approval I still had in my account out of curiosity, and now Chase needs "more time" to consider it... 🤔 (edit: TIL about 2/30 :/ )
🥂Cap1 reaped what they sowed. They gave generous CLs to those that carried revolving balances and often denied applications from high FICO, pay-in-full customers on Venture X. I will guess Chase and AMEX are somewhat insulated from this, but I expect similar numbers from the Synchrony, Comenity, etc group of issuers that target these same Cap1 customers.
Nope. Just got rejected for the Freedom Flex after watching this and I'm 5/24. Already have the FU, CSR, Amex Plat and Gold, etc.. 806 FICO and balances kept at zero.
Capital One chopped down my credit limit. Frustrating to lose a few points off my score by no fault of my own. I got an email saying if I answer some questions they would consider adding some of it back, but they mostly wanted to gauge how much I was going to use the card, which is pretty low at this point.
Just fyi capital one x travel portal for flights doesn’t allow you to add a stop. Really sucks. Even though our flight has to stop, we just want to stay our stop a few days longer, nope it doesn’t. I even call to confirm. Chase portal is so much better.
I don't fall below 5/24 until July. Saw all the buzz last night about folks getting the CSP being over 5/24 so I gave it a shot. Instantly approved Sent a referral to a friend who was also over 5/24, they got approval after calling the recon line
I applied for the CFU at 6/24 and was denied. I figured I would be, but I wanted to give it a shot given the rumors of Chase relaxing 5/24. Called recon and the analyst flat out said that it was due to the 5/24 rule and she can’t reverse a decision for that reason.
🥂 For the most I have my Chase setup in place. However, if 5/24 is truly gone I would consider Chase partner cards. Not sure which one(s). I would have to run the numbers to see what would work best for me.
🥂🥂I got approved at 10/24. They pulled my transunion, which was at 824. All of my cards are personal cards, no business cards, last card before this one was opened 4 months ago.
Can confirm based on own experience. I'm currently on 5/24 and submitted my application for the CSP a few days ago. Just got the email from chase saying that my application is approved.
Sorry if this is a dumb question (most likely is a dumb question). Is 5/24 calculated from the date of the last card you received/got approved for or is it from the date of the oldest card you received/got approved for?
Finally I used the two Aeroplan certificates to go to Mallorca Spain. Interestingly, i manage to fit Swiss, Lufthansa, Eurowings and SINGAPORE AIRLINE business classes into this trip.
🥂 I think it’s just chase’s way of securing people choose them first for a credit card before any other major players. It’s working as usual as having to prioritize them over Amex right now.
Was approved last May at 7/24 for Chase Sapphire preferred. But was denied with a targeted mail Marriott Bonvoy Boundless offer about a month ago at 6/24… so looks like their algorithms are kind of all over the place 🤷🏻♂️
Hey Sebby! Could you tell me when does the 3 months for bonus spending start counting? When they approve my card, or when I receive the card, or when I activate the card, or else? Also, do all foreign transactions count toward the spending, including online purchases? When does the 80,000 offer expire? Thanks!
80K expires whenever they take it down or when they've reached the amount of targeted customers they need. The 3 months start the date of approval for most cards. All transactions count towards the 4K. In other words, once you charge 4K you hit the bonus. You'll have to pay back 4K as well.
🥂-Currently at 6/24 with CF (OG) & CFU. I got an offer in March for the CSP but I was afraid my score would hurt my chances. I fall under 5/24 in the fall so I’m partial to just waiting. I’m interested to hear more about people getting approved while above 5/24.
Sebby is the only person in the miles & points space who is NOT getting paid to push the BILT card. Don't get me wrong I think it has benefits & I'm considering it, but the way some people in this space have been disingenuously pushing it, makes me question the pick up.
🥂 It’s always nice to see some of these annoying rules (like the 5/24 rule) get relaxed a bit when elevated offers come out. Just to reiterate what you said since it’s so important: be sure that if you do go for the CSP right now that you aren’t currently holding a Sapphire card (I’d downgrade it to a Freedom card if you do)… Also, to get the bonus, you cannot have gotten a Sapphire card bonus in the past 48 months. It’s a great offer for sure though! Great video all around as always Sebby!
If capital one has to do a cut for the venture X they should cut the tsa pre or global entry if anything. As someone who had the card if they cut anything else I will most likely be downgrading
Nice to meet you at SFO before that JAL flight. It sucks that I paid more points and cash, only got business class for one way, while you got first class. I'll keep learning the tricks. Thanks for the good information as always.
How does downgrade path after first year work? Do you still have to pay year annual fee, since it hits at the very beginning and you cant downgrade til after year one?
Hi Sebby! I have to disagree with your take on the BILT card (9:10). I get many people watching your videos are credit card enthusiast (including myself), but I think the BILT card is one of the most underrated travel cards in the market. Sure it does not have a sign-on bonus (this being the main negative of the card), but this card is one of the few travel credit cards with zero annual fee (this is huge for many people who are not that invested into the credit card game and/or refuse to pay any credit card fees). There are perks such as transfer partners (AA and World of Hyatt being the most useful for me), zero foreign transaction fee, purchase protection, and primary rental car insurance (which is rare for a zero annual fee card). 3x dining, 2x travel is relatively competitive to the chase sapphire preferred ($95 annual fee) in terms of multipliers. Another thing is that the rent you charge on this card has no transaction fee (assuming you are able to make at least 5 transactions/per month which is easily doable for most people) which no other card is able to circumvent (at least not that I know of). That being said, I do live in SoCal where rent is relatively high (so I do get a lot of value paying rent with this card). But even if you are not living in an area with high rent, this card can be great for people who want a travel card with perks and don't want to pay an annual fee. P.S. Another negative is that this is a Wells Fargo Credit Card 🙄
Just got approved for the sapphire preferred, just hit 5/24 with this card however my oldest card is 1 year 2 months and average age is 8 months and I opened the Freedom Flex at the end of last month. Leads me to believe That if they weren’t pushing to get more customers, I would’ve probably been denied the preferred. Currently score Fico 8 714 playing it chill for the next 6 months
Champagne! Anyhow, Thanks to you and the others in this community we have two great award trips booked for this later year. Japan in late July/august. Flights JAL via Aa and EVA via Air Canada. Staying ihg intercontinentals in Tokyo and Osaka. Trip 2 is a RTW: sfo, Singapore, Bali, Qatar Seattle. Flights sinagapore and Qatar. Hotels Hyatt category 2s upgraded to suites and ritz Carlton’s. Already completed a UK soccer tour with my bestie who got into the game for our trip. AA and klm flights. All of these business class. Thanks again.
HA! Capital One has really misunderstood and misplayed the luxury CC game. Still no lounge network + cut benefits + "exclusive concert tix for members" debacle + possibly even more cut benefits (speculated). Oh well. Venture X was fun while is lasted. Just another CC that couldn't keep up with AMEX Platinum. Thanks for the info + video!
I’m currently 8/24 and just got instant approved. Have 2 existing Chase CC accounts and an auto loan. Instant approval for the 80k offer through my Chase app.
Given the high interest rates at 5% maybe they are allowing high income people with low credit utilization to go past 5/24? A customer utilizing credit costs them 5% and the customer hoarding ultimate rewards points instead of cash let's them invest the money at 5%.
🥂 while it doesn't affect me yet, getting rid of the 5/24 rule is awesome. It's a pretty goofy rule that likely wouldn't have any kind of benefit to anyone.
@@kevinManhattan Oh I meant, I am currently at 5/24 including 2 business cards that I opened. If they don't count then I am at 3/24. I've found conflicting answers on this one.
@Tulku yeah almost everyone I know said C1 business reports. I think that's where conflict comes from. I know 1000% Amex doesn't. But good news is that at worst, we know you are 4/24 now. Good luck.
🥂 I have the Amex Platinum, using your videos as a guide into the CC world. If I can afford it, does it make sense to have both the CSR and Platinum or CO Venture X and Platinum or just go with the CSP with the Platinum. Lots of future trips coming up.
Just tried and got approved. I am well over 5/24 rule. Thanks a lot!!!!!!! I have been working on my credit trying to get into travel rewards. Keep up the good work!!!
Chase looks like they’ve been more lenient on the CSP. Got approved while 6/24. Application was on review after submitting it and got approved email the following day. Saw a lot of DP and thought it was worth a try
5/24 is alive and well. I'm over 5/24 and decided to take a chance since a few vids came out saying it was "relaxed" Not!! I got rejected for "too many recently opened accounts".
🥂- With the CSP being a matured product, I would assume that the use cases where people are able to get it even though they are beyond 5/24 is intentional. My guess would be Chase added additional factors for these customers like minimum transaction count over a 60 day period on chase cards. Basically finding a way to justify the possible increase in interchange revenue.
🥂 I actually really like the 5/24 change. I saw the Reddit post and decided to go for it. Instant approval. I was at 5/24 exactly and would have been 4/24 in November. Only card I have with them was a CFU that I’ve had less than a year.
I'm curious, been watching a lot of your videos, besides Priority Pass, what would you say is the best CC or way to get into the better lounges, e.g. Amex Centurion, Delta Sky, for families of 4?
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🥂"Grab the points, use the perks, and enjoy life" perfectly sums it all up.
I referred 3 friends over 5/24 yesterday, 2 got instantly approved, the other got hard denied even after recon. One of the approvals had just opened 4 open loop store cards in December and one in September, an absolute miracle he got it.
Approved for CSP with 7/24, last card opened in January. 749 fico and 80k income. Had to call reconsideration but they were quick and cool for a 10k approval.
I’m over 5/24 and just got approved for a Sapphire card. It wasn’t easy and was thinking for sure it was a denial. I took a shot at it bc Chase mailed me some 100,000 point offer. I went for it and it didn’t give me a decision. I got a “chase will get back to you” message. I then got a call from an 800 number that was a Chase fraud line. I called back the recon number and they asked me some identity questions and came back with an approval. 😮
Sounds like a scam.
Seb, please do a video showing us how you are able to book flights using points. I've accumulated a pile of Amex points, only to discover how difficult it is to use them. Using points on premium cabins for huge value sounds amazing, but there are literally zero seats available to book across ALL airlines. It literally took me an entire year to finally score a spot for The Room with ANA from JFK to HND. Same thing with SQ, KLM, and Air France. I am sitting on a huge pile of Amex points that are virtually useless because there are simply NO SEATS available for redemption. I am beginning to swing heavily into earning Chase points, because at least Hyatt points are easy to use while offering decent value. Seb HELP!
So much this right here. It's a full time job trying to figure out how to use points.
I used to have the same mindset of looking for plane tickets the same way I usually do… try something unorthodox… I know you have set dates but I want you to get familiar with patterns. Use google flight for your destination, learn the most direct route near you with business class…which airline alliance program is it? For example I am currently eyeing a flight to Rio de Janeiro. I live in Boston. I cannot search for flights like most people… I have to look at high likelihoods… most of these awards are last minute. I know it sux to gamble but only luck I’ve had is on emirates or Qatar for bookings a few months out.
Anyway
I know the heaviest traffic (most planes most availability , better to focus on) is NYC to GRU. This is the high likely route I’ll grab a business class seat (and IAD but I didn’t want to make this more confusing). United and AA are my likely options. I’ve already booked economy flights; but I’m very sure if I wait until 2 weeks prior (since I’ve recognized patterns) that United will release business class award seats via air Canada/aeroplan for approximately 62000 miles one way… I am not certain but I’ve tested this availability on flights two weeks from now… I hope this helps. Of course do some research but if I were you I’d start looking for your same flight (let’s say you want a flight in November) for next week. Search availability next week. Recognize the pattern. Does this available seat pop up 14 days before? 21 days? Etc…
This is why I have stuck with Chase. Their points are just so easy to use for reasonable value. I either try to find some decent deals with Hyatt or book with the portal and get 1.5x value with the CSR.
I can confirm this. I applied for the Sapphire preferred and got approved! I was 7/24. I was holding out but took a leap of faith after reading many people getting approved being over 5/24.
Holy shet....yeah I just did it. but I have a huge relationship with chase. Multiple cards, bank acc, and loan.
""NAME you're approved! Now, let's get you set up.""
I took a shot. A lot of my inquiries are falling off this year so i went for it and got it. I also was around 7/24 lol
I just did the JAL flight from SFO to Tokyo last week. It was incredible. The service was at a level I’ve never seen before. Seats were very comfortable. If you have the opportunity to do this flight DO THIS FLIGHT.
Applied today for the Sapphire Preferred, got turned down, called the reconsideration line and was told by the agent that it was because of 5/24. Looks like it is back in effect for this offer!
Just stayed at the Hyatt Tokyo Bay Hotel in Japan. While the property was nice and modern the service left a lot to be desired. We received no assistance with our luggage (6 total bags in all) checking in or departing. No information was given about the shuttle service explaining that the drop off and pickup points were different, depending upon where you’re going and last but not least the breakfast was average at best and by day 3 we no longer wanted any part of it.
The Hyatt Osaka although a bit outdated was a very enjoyable experience and service was exceptional
I was 5/24 when I applied for my 2nd Chase Ink Cash in March right before the 90k ended, got approved.
I received my Bilt card last month. A few of the things that are often overlooked is 3x on dining (6x on the first of each month), 2x on travel (4x on the first of the month). Plus... Bilt gives you 5x for five days on all purchases when you first receive the card.
🥂I was at 7/24 with a 725 credit score. Just got approved with a $8,400 limit!!🥳 I am in shock😳
I applied at 9/24 and was approved!
🥂 Hey Sebby! I enjoyed this video. I wish Chase would just get rid of the 5/24 rule altogether, but that’s because I’m at 4/24 and don’t want to be in Chase jail 😂😂😂. My buddy got denied for this CSP, he’s wayyy over 5/24 though.
Fair point about the Bilt card. I got it recently, but I also thought about the opportunity cost of missing out on using my rent payment to hit a minimum spend requirement. To be honest, the Bilt card would simply get sock drawered while meeting a min. spend requirement that needs that extra boost from my rent payment.
Guys, go for the CSP’s 90k bonus at branch locations!
Really! Wow did they dropped the annual fee for first year?
People getting denied are probably carrying balances. A data point to consider.
I'm flying from Tokyo to LA in a couple of weeks on JAL First Class! I'll make sure to have an extra glass of Salon Champagne to make up for the one you missed 🥂🍾
Awesome! Enjoy :)
I just got notification that I got Approved to my CSP credit card. I got 7/24.
Congrats! Thanks for the data point :)
I grabbed the Bilt since my rent is high and there's no other way to earn points on rent (at least not on an ongoing basis). Bilt is a great way for me to get "free" points on something I'm already spending on. Plus they have some great transfer partners including Hyatt so I'm getting 2-3 free nights/year at decent properties essentially - almost $1000 in value pretty much with no extra outlay. But I already have a ton of Chase cards and AmEx and am still under 5/24 even with Bilt right now.
I just applied for AA card mentioned and got it. I don't necessarily need it but 75k points isn't too shabby. The 3500 in 4 months will be easy to do in 1 so I figured why not. If I don't like it after a year I will downgrade. Thanks for the vid. 🥂
Over 5/24 (7/24) and got approved. Last time I applied for a cc and got an approval was late January/early February. Needed to wait about a 1ish year to be out of the 5/24 jail
I have a friend who works at Chase. I applied for a sapphire preferred for in-branch offer of 90,000. 5/24 still counts. I was denied for having credit limits under $5000, too many inquiries, and low credit history
Applied for the CSP at my local Chase branch today and was declined. Planning to call the recon line tomorrow. Will update with the results.
Here is my update. Called the recon line today and no luck with them either so I will be closing all my accounts with the bank. Bye Bye Chase.
🥂 Maybe a fun datapoint. 5/24, but have been sitting on CSP and CSR (and, unrelated, Slate Edge) pre-approvals on the website for a while. Tried going for the in-branch offer on the CSP, and got auto-declined for "underwriting" liability. Banker called financing, who explicitly referred to 5/24, no issues with credit according to them, and no chance to transfer limits from another card.
Shot off the pre-approval I still had in my account out of curiosity, and now Chase needs "more time" to consider it... 🤔 (edit: TIL about 2/30 :/ )
🥂Cap1 reaped what they sowed. They gave generous CLs to those that carried revolving balances and often denied applications from high FICO, pay-in-full customers on Venture X.
I will guess Chase and AMEX are somewhat insulated from this, but I expect similar numbers from the Synchrony, Comenity, etc group of issuers that target these same Cap1 customers.
5/24 is not dead. Within the last 3 wks, I was turned down for the Chase Ink due to 5/24. Called recon line & still got a no. 😢
I’m in the same situation, if you end up applying for CSP let me know !! I’m think on giving it a try again lol
Damn, i was thinking about going for the CIC, but im 6/24
Some friends that I referred through my channel have been approved for [a credit card or loan], even though some of them had exceeded the 5/24 rule.
Nope. Just got rejected for the Freedom Flex after watching this and I'm 5/24. Already have the FU, CSR, Amex Plat and Gold, etc.. 806 FICO and balances kept at zero.
I was denied solely because of 5/24. The associate specifically told me that I had 5 new accounts in the past 24 months.
I am well over 5/24 and got approved for a Sapphire Reserve this past Saturday.
Just applied for the 80k CSP offer through the chase app and was denied. Currently at 6/24 🥂
🥂🍾Already have the CSR so can't do the CSP. Will be trying out Crockfords soon in LV after watching your vid about the suite.
Capital One chopped down my credit limit. Frustrating to lose a few points off my score by no fault of my own. I got an email saying if I answer some questions they would consider adding some of it back, but they mostly wanted to gauge how much I was going to use the card, which is pretty low at this point.
🥂Did JAL first 3 weeks ago into SFO. We were served champagne but I didn’t know about Salon at the time. 😅
Just fyi capital one x travel portal for flights doesn’t allow you to add a stop. Really sucks. Even though our flight has to stop, we just want to stay our stop a few days longer, nope it doesn’t. I even call to confirm. Chase portal is so much better.
Just went in bank and got approved at 7/24 for the 90k offer! Let’s go!
I don't fall below 5/24 until July. Saw all the buzz last night about folks getting the CSP being over 5/24 so I gave it a shot.
Instantly approved
Sent a referral to a friend who was also over 5/24, they got approval after calling the recon line
I already have a CSP but I've been wanting the CFF. I got approved for the CFF 2 days ago at 5/24
I applied for the CFU at 6/24 and was denied. I figured I would be, but I wanted to give it a shot given the rumors of Chase relaxing 5/24. Called recon and the analyst flat out said that it was due to the 5/24 rule and she can’t reverse a decision for that reason.
I applied last Tuesday at 5/24 and was approved
Just applied for CSP, I was way over 5/24 and they approved me lol. I was on 8/24.
🥂 For the most I have my Chase setup in place. However, if 5/24 is truly gone I would consider Chase partner cards. Not sure which one(s). I would have to run the numbers to see what would work best for me.
🥂🥂I got approved at 10/24. They pulled my transunion, which was at 824. All of my cards are personal cards, no business cards, last card before this one was opened 4 months ago.
Can confirm based on own experience. I'm currently on 5/24 and submitted my application for the CSP a few days ago. Just got the email from chase saying that my application is approved.
I definitely got an exception to 5/24… I’m at 6/24 until July and not under 5/24 after October.
Sorry if this is a dumb question (most likely is a dumb question). Is 5/24 calculated from the date of the last card you received/got approved for or is it from the date of the oldest card you received/got approved for?
Finally I used the two Aeroplan certificates to go to Mallorca Spain. Interestingly, i manage to fit Swiss, Lufthansa, Eurowings and SINGAPORE AIRLINE business classes into this trip.
Got denied solely because of the 5/24 rule, after a secondary review from calling the reconsideration line. I was at 8/24.
That's surprising. I know a couple of people that were 11/24 and 13/24. Give it a shot again in a month or two.
I am @ 5/24 and got the Sapphire Preferred. Thanks for the heads up!
🥂 I think it’s just chase’s way of securing people choose them first for a credit card before any other major players. It’s working as usual as having to prioritize them over Amex right now.
Converting my existing Chase card to the CSP would be cool, but I really don’t need another card. Not even sure when the last card App happened
I'm at 8/24 and got approved for the Amazon card. I know it's not the CSP also I hadn't applied for any cards in over a year.
Was approved last May at 7/24 for Chase Sapphire preferred. But was denied with a targeted mail Marriott Bonvoy Boundless offer about a month ago at 6/24… so looks like their algorithms are kind of all over the place 🤷🏻♂️
Hey Sebby! Could you tell me when does the 3 months for bonus spending start counting? When they approve my card, or when I receive the card, or when I activate the card, or else? Also, do all foreign transactions count toward the spending, including online purchases? When does the 80,000 offer expire? Thanks!
80K expires whenever they take it down or when they've reached the amount of targeted customers they need. The 3 months start the date of approval for most cards. All transactions count towards the 4K. In other words, once you charge 4K you hit the bonus. You'll have to pay back 4K as well.
It seems like banks are getting a bit lenient..AMEX offered me 100K just for upgrading to Platinum from Gold
🥂-Currently at 6/24 with CF (OG) & CFU. I got an offer in March for the CSP but I was afraid my score would hurt my chances. I fall under 5/24 in the fall so I’m partial to just waiting. I’m interested to hear more about people getting approved while above 5/24.
The bilt card is still great if you wouldn't be able to pay rent via a credit card otherwise right?
Sebby is the only person in the miles & points space who is NOT getting paid to push the BILT card. Don't get me wrong I think it has benefits & I'm considering it, but the way some people in this space have been disingenuously pushing it, makes me question the pick up.
Another data point, got approved for CSP and I’m way above 5/24
If I am an authorized user on someone else’s account do I need to get rid of my sapphire card first ?
🥂 It’s always nice to see some of these annoying rules (like the 5/24 rule) get relaxed a bit when elevated offers come out. Just to reiterate what you said since it’s so important: be sure that if you do go for the CSP right now that you aren’t currently holding a Sapphire card (I’d downgrade it to a Freedom card if you do)… Also, to get the bonus, you cannot have gotten a Sapphire card bonus in the past 48 months. It’s a great offer for sure though! Great video all around as always Sebby!
I might go for it even though I'm 18/24 😂
@@SledgeIncTeam Get us that data point I guess 🤷♂🤣
@@SpencerJohnsonOfficial it wouldn't be me if I didn't try to defy the odds
@@SledgeIncTeam I'd love to see it!
Had the 2007 Salon on my JAL Tokyo to NY flight. Epic food and drinks!
If capital one has to do a cut for the venture X they should cut the tsa pre or global entry if anything. As someone who had the card if they cut anything else I will most likely be downgrading
Nice to meet you at SFO before that JAL flight. It sucks that I paid more points and cash, only got business class for one way, while you got first class. I'll keep learning the tricks. Thanks for the good information as always.
How does downgrade path after first year work? Do you still have to pay year annual fee, since it hits at the very beginning and you cant downgrade til after year one?
Hi Sebby! I have to disagree with your take on the BILT card (9:10). I get many people watching your videos are credit card enthusiast (including myself), but I think the BILT card is one of the most underrated travel cards in the market. Sure it does not have a sign-on bonus (this being the main negative of the card), but this card is one of the few travel credit cards with zero annual fee (this is huge for many people who are not that invested into the credit card game and/or refuse to pay any credit card fees). There are perks such as transfer partners (AA and World of Hyatt being the most useful for me), zero foreign transaction fee, purchase protection, and primary rental car insurance (which is rare for a zero annual fee card). 3x dining, 2x travel is relatively competitive to the chase sapphire preferred ($95 annual fee) in terms of multipliers. Another thing is that the rent you charge on this card has no transaction fee (assuming you are able to make at least 5 transactions/per month which is easily doable for most people) which no other card is able to circumvent (at least not that I know of).
That being said, I do live in SoCal where rent is relatively high (so I do get a lot of value paying rent with this card). But even if you are not living in an area with high rent, this card can be great for people who want a travel card with perks and don't want to pay an annual fee.
P.S. Another negative is that this is a Wells Fargo Credit Card 🙄
I could only find the $300 🍾 emoji. I guess my iPad isn’t luxe enough to have the $1,000 bottle.
😆
LOL, I am at 6/24 and was denied because I have too many recent credit cards.
Just got approved for the sapphire preferred, just hit 5/24 with this card however my oldest card is 1 year 2 months and average age is 8 months and I opened the Freedom Flex at the end of last month. Leads me to believe That if they weren’t pushing to get more customers, I would’ve probably been denied the preferred. Currently score Fico 8 714 playing it chill for the next 6 months
Champagne! Anyhow, Thanks to you and the others in this community we have two great award trips booked for this later year. Japan in late July/august. Flights JAL via Aa and EVA via Air Canada. Staying ihg intercontinentals in Tokyo and Osaka. Trip 2 is a RTW: sfo, Singapore, Bali, Qatar Seattle. Flights sinagapore and Qatar. Hotels Hyatt category 2s upgraded to suites and ritz Carlton’s. Already completed a UK soccer tour with my bestie who got into the game for our trip. AA and klm flights. All of these business class. Thanks again.
🥂Been seeing so many data points about 5/24 being relaxed at the very least
HA! Capital One has really misunderstood and misplayed the luxury CC game. Still no lounge network + cut benefits + "exclusive concert tix for members" debacle + possibly even more cut benefits (speculated). Oh well. Venture X was fun while is lasted. Just another CC that couldn't keep up with AMEX Platinum. Thanks for the info + video!
🥂🥂🥂
Champagne 🥂 thanks for the info and keep up the good work !
I’m currently 8/24 and just got instant approved. Have 2 existing Chase CC accounts and an auto loan. Instant approval for the 80k offer through my Chase app.
Given the high interest rates at 5% maybe they are allowing high income people with low credit utilization to go past 5/24? A customer utilizing credit costs them 5% and the customer hoarding ultimate rewards points instead of cash let's them invest the money at 5%.
Try to get approved ,,,that's the hanger 😖
Hi Sebby! I got approved for CSP just now. Currently sitting at 5/24 and more than 10 recent inquiries in last 6 months.
Thanks for the data point!
🥂I got a Freedom Unlimited while I was at 5/24 last October.
🥂 while it doesn't affect me yet, getting rid of the 5/24 rule is awesome. It's a pretty goofy rule that likely wouldn't have any kind of benefit to anyone.
Just got approved being 7/24! Not including business cards, didn’t think it would work but here we are 😮💨😂
I was approved yesterday for the CSP and I am at 7/24
Do business cards count towards 5/24?
NO but you have to be under 5/24 to apply
@@kevinManhattan Oh I meant, I am currently at 5/24 including 2 business cards that I opened. If they don't count then I am at 3/24. I've found conflicting answers on this one.
@Tulku which business card is it? As long as it's not capital one, it WON'T count. I have Chase and Amex business and it didnt.
@@kevinManhattan Thanks, I have one capital one and one Amex.
@Tulku yeah almost everyone I know said C1 business reports. I think that's where conflict comes from. I know 1000% Amex doesn't. But good news is that at worst, we know you are 4/24 now. Good luck.
I just got approved for a 19k line of credit for the CSP despite being at 5/24. Feels good!
I got the CSP today at 6/24 with the 80k offer.
Thanks for the data point!
🥂 I have the Amex Platinum, using your videos as a guide into the CC world. If I can afford it, does it make sense to have both the CSR and Platinum or CO Venture X and Platinum or just go with the CSP with the Platinum. Lots of future trips coming up.
Just tried and got approved. I am well over 5/24 rule. Thanks a lot!!!!!!! I have been working on my credit trying to get into travel rewards. Keep up the good work!!!
Congrats! Thanks for the data point :)
Chase looks like they’ve been more lenient on the CSP. Got approved while 6/24. Application was on review after submitting it and got approved email the following day. Saw a lot of DP and thought it was worth a try
with record high inflation it's no surprise that people are defaulting
Sebby would you take the Citi premier 75k offer or the current Citi AA offer your referencing? I am over 5/24 until 6/2024. Home airport is PHL
Another great review Sebby. Lucky for you Mandy is on top of things. Awesome editing. Safe travels guys. 🥃🥂
Do they usually offer it this month of the year? Or more than once/ year? I wanna hold off til i pay off 1 more card
5/24 is alive and well. I'm over 5/24 and decided to take a chance since a few vids came out saying it was "relaxed" Not!! I got rejected for "too many recently opened accounts".
Just wanted to say I'm headed to the Andaz Prague soon for 3 nights and can't wait.
🥂- With the CSP being a matured product, I would assume that the use cases where people are able to get it even though they are beyond 5/24 is intentional. My guess would be Chase added additional factors for these customers like minimum transaction count over a 60 day period on chase cards. Basically finding a way to justify the possible increase in interchange revenue.
I work for Chase. Sebby, I can tell you exactly what the policy and procedures are if you want
Anything you can post here?
Email is hello at asksebby dot com
Got approved for the in branch offer today at 6/24!
🥂 I actually really like the 5/24 change. I saw the Reddit post and decided to go for it. Instant approval. I was at 5/24 exactly and would have been 4/24 in November. Only card I have with them was a CFU that I’ve had less than a year.
That is a great bottle of whiskey. Hard to find in the US.
Thanks, this worked at 5/24. Appreciate you keeping us informed.
I'm curious, been watching a lot of your videos, besides Priority Pass, what would you say is the best CC or way to get into the better lounges, e.g. Amex Centurion, Delta Sky, for families of 4?