Yesterday I wrote about how Iberia does not have a 24 hour cancellation rule. Today, I’m writing about my rejection for Chase’s new Iberia credit card. There was no way of knowing whether the card fell under the 5/24 rule until I pulled the trigger. I received the dreaded ‘we are reviewing your app’ message. I decided to put myself out of my misery by calling Chase recon, a chore that I used to be good at (see Chase Recon: How to Get It Done). Almost immediately, I was told that I was rejected and that the reason was too many inquiries. Like my NCAA pick that MSU would be eliminated by Syracuse/ASU, I was not surprised. Based on my experience, I would say that 5/24 does apply. However, my friend also applied and he was approved. Go figure. And Go Blue!