Published on April 12th, 2017 | by William Charles92
Bypassing Chase 5/24 Using A BRM & A Paper Application
Update 2: Despite a lot of denied data points in the comments, it seems like this is still working for some people. It’s possible that some BRM didn’t submit a paper application properly or at all (they receive your paper applicaiton and then enter it in online rather than submitting the paper application itself) and that might have been the cause of the application failures. Here are some recent datapoints: 1, 2, 3. The first comment does a good job explaining what I am talking about as well.
Update: It looks like this is no longer working to bypass 5/24 with a lot of denied data points in the comments.
A reader (who wants to name anonymous, but is well over 5/24) shared a way they were able to bypass the Chase 5/24 rule on business card applications. The method is pretty simple, basically it seems that if your application is put through by a business relationship manager (BRM) they go through to a special business lending department and they do not deny based on 5/24. It should also be noted that it seems like the BRM needs to put in a paper application to bypass 5/24, this was specifically mentioned by the BRM. If it’s put in online it goes through the normal application process.
Not all branches have a business relationship manager, technically you’re also supposed to have business revenue of $500,000+ as well. That being said, readers have been able to get BRM’s to put their applications in even if they don’t meet this requirement.
It gets even better though, because if a BRM does put your application in then you’re also eligible for these bonuses:
Being a Chase Private Client used to by pass the 5/24 rule, but Chase removed this ability so I imagine this work around won’t last for ever. Let’s not ruin this for each other, try to be discreet in applying for these cards and please don’t waste time with the BRM or cause a scene if it’s not possible. As always, please share your data points and experiences in the comments below.
A few other things to note:
- You can’t call regular reconsideration on these applications as only the specialized lending group can handle these applications