2021.5 Update: AmEx used to report new account to credit bureaus after 2 statements, and people used to use this fact for timing the Chase and AmEx cards applications. However, new data points show that AmEx now reports new accounts (including credit cards and charge cards) when the 1st statement is generated. HT: Connor Li & Reddit. Chase is one of...
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The post What Is Chase 5/24 Rule and How to Bypass It (2021.5 Update: AmEx New Account Report Timing Changed) appeared first on US Credit Card Guide.
By physixfan