Getting Approved For Chase 100,000 Point Offer Despite Being Over “5/24”

The Chase Sapphire Preferred Card‘s 100,000-point bonus offer is one of the most coveted deals in the credit card rewards space. However, many applicants are deterred by Chase’s infamous “5/24” rule, which states that applicants who have opened five or more credit cards in the past 24 months will be automatically declined. But fear not, dear readers! While the 5/24 rule is a significant hurdle, it’s not insurmountable. With some strategic planning and a deep understanding of Chase’s approval criteria, it’s possible to get approved for the Chase Sapphire Preferred Card’s 100,000-point offer even if you’re over the 5/24 limit.
Understand the 5/24 Rule
Before we dive into the strategies, it’s essential to understand how the 5/24 rule works. Chase’s system automatically counts the number of credit cards you’ve opened in the past 24 months, including cards from other issuers. This means that even if you’ve closed some of those accounts, they’ll still be counted towards the 5/24 total.
Strategies to Get Approved
So, how can you increase your chances of getting approved despite being over 5/24? Here are a few strategies to consider:
1. Apply in-branch: Applying in-branch can sometimes bypass the 5/24 rule, as the banker may have more flexibility to approve your application.
2. Get a pre-approval: If you’ve received a pre-approval offer from Chase, you may be able to get approved despite being over 5/24.
3. Wait it out: If you’ve recently applied for multiple credit cards, consider waiting a few months before applying for the Chase Sapphire Preferred Card. This can help reduce your 5/24 count.
4. Consider a product change: If you already have a Chase credit card, you may be able to product-change to the Sapphire Preferred Card, which wouldn’t trigger the 5/24 rule.
Conclusion
While the 5/24 rule can be a significant obstacle, it’s not impossible to get approved for the Chase Sapphire Preferred Card’s 100,000-point offer. By understanding the rule and employing the strategies outlined above, you may be able to increase your chances of approval. Remember to always apply responsibly and strategically, and don’t be discouraged if you’re initially declined. With persistence and the right approach, you can snag this incredible offer and start earning those valuable Chase Ultimate Rewards points.