Yesterday Doctorofcredit blog has alerted readers to a discussion that was taking place on Reddit.com Many people are reporting getting denied for Chase cards that were previously not subject to 5/24 rule. I’ve been following data points as they were trickling in, and here are my thoughts.
1) It’s extremely likely that Hyatt card is now subject to 5/24 rule
I’ve seen more than ten reports saying that they got denied for Hyatt card, and the reason had to do with too many opened accounts in the last 24 months. The switch must have happened within the last few days. Interestingly, a few people who got approved despite 5/24 status, applied via referral links.
Personally, I’m not convinced that there is some secret sauce when you apply via referral as opposed to affiliate link, though anything is possible. It’s important to keep in mind that some applications take a few days to process, so if these folks applied Monday, they barely skirted under the old rules. Nothing to do with the referral link itself.
Still, if you want to give it a shot, here are our personal links for Hyatt card. Thanks if you use them! Again, I’m not sure it will help and I certainly don’t want anybody to waste a hard pull on my behalf. But let me know if you get approved/denied because it would provide a helpful data point.
2) It’s somewhat likely that Chase British Airways Visa (plus Iberia and Aer Lingus cards) are now subject to 5/24 rule
The data is not as conclusive as one on Hyatt card, but it’s not looking good. As I’ve said earlier, it’s easy to disregard one or two reports because trolls love to sow discord and create panic. The more people report the same thing, the more likely it is to be true.
3) The jury is still out on IHG card
I’m thinking that it falls under 5/24 rules, but there are a few reports of getting approved. Most people are applying for Chase BA Visa or Hyatt card, so it’s hard to gather solid data on IHG offer.
I recommend you follow DoC post as well as Reddit thread for all the latest updates.
What you should do now
Unfortunately, if the switch is hardcoded into Chase system, there isn’t a whole lot you can do other than wait till you are under 5/24 limit. If you really, really want Hyatt credit card, it could be worth trying to apply via personal referral link (either mine or someone else’s). As I’ve mentioned earlier, I’m skeptical on whether it will help, but it could be worth a shot. Your call.
If you regret not pulling the trigger sooner, I suggest moving on and not worrying about it too much. As I like to say, you win some and you lose some in this hobby. There are other deals on the market, and Chase is not the only game in town.
Leana is the founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.