Posted by William Charles on September 12, 2018
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Published on September 12th, 2018 | by William Charles

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Chase Double Dips No Longer Working

For some time it’s been possible to apply for two Chase cards on the same day to avoid certain rules. It looks like these double dips are no longer working and Chase is manually reviewing these and denying applicants one of the cards. Sometimes the applicant has been able to choose the card they want to keep and in other cases Chase is the one doing the choosing. The most common double dips have been:

  • Chase Sapphire Preferred/Reserve. You’re limited to the sign up bonus once every 48 months on either of these cards (e.g getting the bonus on the Reserve makes you ineligible on the Sapphire).
  • Southwest Cards. Same as above, but 24 months instead of 48. This makes it impossible to get the Southwest companion pass with just personal credit cards. You can still do one business, one personal.
  • 4/24. If you were sitting at 4 new cards within the past 24 months you could apply for two Chase cards and get approved for both. Now the second card will be denied.

Hat tip to /r/churningduffcalifornia



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MarcoPolo
MarcoPolo

Great….just great

Yoni
Yoni

MarcoPolo I hear you I was going to wait till Oct 1, to App CSP/CSR – with a fresh Chase Biz card first of last month. I missed out the Big CSR bonus. Now I kinda wish I had applied for the Ritz card while it was still available.

Not liking the trend I’m seeing with Chase – hopeful other issuers don’t start a similar conservative streak.

image
image

RIP

Lantean
Lantean

So this is going well…

Mickey
Mickey

Wow… things are not looking good

David
David

Can we still do 1 non-business and 1 business card?

E.g. Southwest Business and a non-business? They are 2 different cards for (supposed) different entities.

Jonathan S
Jonathan S

I’m curious about this as well. The blog post makes it sound like this wouldn’t be possible, but further clarification would be nice.

Toad
Toad

This is independent of the double dip. You have always been able to get the business SW card and a personal one without the need to double dip. I don’t see that ever changing. SW would nix that if nothing else since it doesn’t even make sense to do that.

MickeyMouse
MickeyMouse

Toad – I think he’s meaning applying and getting approved for both SW Personal Cards in one go?

Steven
Steven

I don’t see why this wouldn’t still work, so perhaps DoC can explain. I’m planning on getting one in late October and another in late November and landing MS requirements for the first week of January, nothing about not getting 2 in one pull goes against that.

Ken
Ken

Datapoint: I applied for the Hyatt card and Chase Ink Cash on the same day last month. Ink was approved (though not auto-approved, although the card showed up on my chase account within 48 hours), while the Hyatt was denied.

Brandon
Brandon

theoretically, if you are at 4/24 then you should be able to apply for the business card first (as it doesn’t add to your 5/24 count) get approved then apply for the personal card

..if I am wrong then more comments will follow

VL
VL

This has always been the case. You still now you can apply for biz first and stay at 4/24. That is what we did for my SO last October to get SW CP, and I have not heard about rules changing in that department. Since biz and personal cards are for 2 different entities this should be Ok – if I am an officer in a corporation which applied for SW Biz card that should not disqualify me from applying for SW Personal card myself… although “never say never” 🙂

Good luck

SamSimon
SamSimon

If you are sole prop usually all your personal records (how many cards you have in total including business) will apply toward your business application…

payyoutuesday
payyoutuesday

Yes, you can under current rules. However, a business card at the current public offer of 60k points for $3k spending and a personal card at the current public offer 40k points for $1k spending gets you to 104k, and a CP takes 110k.

I think the extra 6k points is what DoC means when he says you can’t get the CP with “just credit cards.” You could still get the CP with just credit cards if you got the 50k in-flight offer on the personal card.

VL
VL

You can always spend 6K more… very reasonable for CP especially if you get it for 2 years.

Abey

Its getting harder and harder to churn.

Davy
Davy

And not just because the milk has turned to butter.

Frogger
Frogger

I thought that but there always seems new products. Just got NFCU flagship 50k offer yesterday that wasn’t even on my radar.

Peter
Peter

Hahaha, I love Chase. Why do people even bother with them and their 5/24 rules and changing rules without notice is beyond me. There’s so many other issuers that are worth our time other than Chase: AMEX, Citi, BofA, TD Bank, Synchrony, Barlcays, PNC, etc.

sam
sam

Yep. Its my last go round with them. Just slipped in with the big ink, preferred, and southwest a couple of months ago. Going to go for some more…won’t be doing it again with Chase with all this. Glad to have squeaked by one last time! 😉

Avi
Avi

I think it could still be worthwhile in 2-player mode, but otherwise definitely not.

David
David

Ding ding… Exactly my rationale as well. With my wife’s credit, I keep her low enough to be able to apply for Chase stuff – with myself, I’m well over 5/24. It’s a matter of strategizing.

Dav
Dav

That means we can’t apply for 2 chase cards together at all ?

Artem
Artem

good less kids taking up reward spaces and hotels

Jonathan S
Jonathan S

Oof. Disallowing 2 cards on the same day when sitting at 4/24 really changes things up. This would appear that they are using more than the credit report to detect the 5/24 status now. Hopefully, they will continue to ignore their own business cards in the count.

J
J

A DP mentioned that they were told that all (csp/csr? double dips? something else?) are being manually reviewed automatically

Ryan
Ryan

SW companion pass should be obtainable by biz & personal card combo right?

Bobby
Bobby

Yikes! Chase is deploying every anti-churning rule reasonably possible. The overwhelming majority of their applicants wouldn’t notice or care about any of the rules implemented recently. Wonder what’s next.

If you haven’t already, stop worrying about 5/24 and valuing Chase so highly. It’s over, move on.

Frogger
Frogger

I wonder if 5/24 is causing Chase to get hit harder. Everyone knows to get Chase cards when they start. So people who churn for a little while are going to get multiple Chase cards. Maybe 7 or so with Biz cards included. I think the Amex once in a lifetime per card makes more sense.

Avi
Avi

Shhhh don’t give them ideas.

Frank
Frank

I would say the opposite. You want the fresh churners because they are more likely to mess up and keep a balance. Once someone hits 5/24 they pretty much stop hitting chase (so chase’s losses are “capped”). Amex gets hit on every card forever into the future and more by experienced churners who aren’t going to carry a balance.

WR
WR

All those who passed up lucrative opportunities over the past couple years just to get/stay under 5/24 are feeling kind of foolish now.

MoreSun
MoreSun

The game changes fast. I feel bad for anyone in that position that was counting on a double dip in their plans.

Rishav Goel
Rishav Goel

Will this impact existing cardholders, whose bonuses have not yet posted on either of the Sapphire Cards?
I applied for both cards on the same day, but my bonus is yet to be posted towards the end of the month.

Creditian
Creditian

I left 5/24 prison last month. And I applied two 5/24 personal cards on the same day last week. 1st one approved, but 2nd one went 30 days so I called recon immediately. Recon guy didn’t make hard on me at all and got 2nd approved. So glad to get on the train in time.

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