Chase Has Dropped 5/24 On Some Cards: Amazon For Sure & Maybe Others
Doctor of Credit reported that Chase has dropped 5/24 on some cards during the wee hours of the night. There are data points coming in all over the place on Reddit, MyFico and in the DoC comments. It appears there are a few cards that people are saying are not subject to Chase 5/24. Let’s try to weed through this mess of data points.
Chase Has Dropped 5/24 On Which Cards?
There are currently 3 cards that are suspected to not be under 5/24, at least for some people:
Some of these offers may have changed since posting.
Let’s start off with the sure thing, the Amazon Prime Rewards Visa. I have seen numerous data points of people getting approved for this one while over Chase 5/24. The current offer is a $200 gift card upon approval plus 5% earning on Amazon for Prime members. No more chasing down Amazon gift cards! It would kind of make sense since Amazon has not been very happy with Visa lately and the Chase contract is coming up soon. This may be an effort to look good before negotiations happen.
The other reports are for Southwest personal cards, like the Southwest Rapid Rewards Plus, and the United Explorer card. This is tempting because the Southwest cards currently have a tiered welcome offer worth up to 100,000 Rapid Rewards points. The United Explorer Card has an offer of 60,000 miles after spending $3,000 within the first 3 months. The United Explorer card is currently bottom half of the pack for Chase personal card welcome offers, while the Southwest cards are near the top currently.
The positive data points on these are much less plentiful. One Reddit user says they think it has to do with status with the airlines. Some people will get past based on having status with Southwest or United. I am not sure if that has any merit or not but approvals seem rare in this case. It may be worth trying anyway if you really want the Southwest offers in an attempt at a Companion Pass next year.
Chase Has Dropped 5/24 On Some Cards – Final Thoughts
If you want to grab a $200 Amazon gift card for the holiday shopping season then I think the Amazon Prime Rewards Visa is a likely approval. As far as the United and Southwest cards? I think you have a better shot with a Venture X approval. If you have status with either airline and want to give it a shot anyway let us know how it goes in the comments.
There are some risks that an application will put eyes on your account if you are well above Chase 5/24. That is something to be aware of and consider before you go for a $200 offer. If approved it will also add a slot to your Chase 5/24 count. But, if you have been wanting an Amazon card for 5% back for a while then now may be your chance. If Chase loses the contract with Amazon maybe it turns into a Chase Freedom Flex or something. One can only hope :).
Capital One Venture X Business earns 2X miles on everyday purchases plus up to 10X in bonus categories. You also get access to Capital One lounges plus an annual travel credit & anniversary bonus. Right now you earn bonus_miles_full.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.