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Updated September 18, 2018

Chase 5/24 Rule: What You Need to Know

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Applying for a new Chase card? Not so fast. The 5/24 rule can make you ineligible. Learn what the Chase 5/24 rule is and which credit cards are impacted.

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Chase has some of the most popular credit cards on the market. Its cards offer jaw-dropping sign-up bonuses and lucrative rewards.

Thinking of applying for a new Chase card? Make sure you're not over the 5/24 rule.

This policy can disqualify people even with high credit scores and impeccable credit histories.

Read on to learn everything you need to know about this rule.

What Is the Chase 5/24 Policy?

The Chase 5/24 is an unofficial, but widely accepted, rule. Here are the basics of the rule:

  • If you have opened 5 or more credit/charge cards in the past 24 months, you will not be approved for certain Chase cards. See full list below.

  • This goes for new credit card accounts with any bank, not just with Chase. Mostly, this is for new personal card accounts. We'll talk about business accounts more in detail.

  • Chase looks at new accounts that have been opened in the past 2 years. Even if you have closed an account, it still counts as part of the 5/24.

How many Chase cards can you have? There is no official limit to how many Chase cards you're allowed to have. Many people report being stopped at 6 or 7, though. The 5/24 rule is the biggest reason why people can't get more. Another reason is that Chase does have a total credit limit they're willing to extend to you (based on factors like your credit score and income). So you could try to ask to shift some of the existing credit line to the new card.

Which Chase Credit Cards Are Affected?

Chase does not have official information about this rule. So everything we know is from user reports.

The cards affected by this rule include the Ultimate Rewards cards and most of the co-branded cards with airline and hotel partners. The current list of cards affected are:

Personal cards:

Business cards:

If you want any of these Chase cards, prioritize them over other credit card applications.

Which Chase Cards Are Not Affected?

Not all of Chase's credit cards are under this policy. Here are the cards NOT affected by 5/24.

  • Chase Disney Visa Card
  • Chase Disney Premier Visa
  • Chase Starbucks Rewards Visa
  • Chase Amazon Rewards Visa
  • Chase IHG Rewards Club Premier
  • Chase World of Hyatt
  • Chase Marriott Rewards Premier Business
  • Chase British Airways Visa
  • Chase AARP

You can be approved for these cards even if you are already over the 5/24 rule.

HOWEVER, once you have opened one of these card accounts, they WILL count towards your 5/24 limit.

So if any of these cards interest you, you can apply for them later, after you've already gotten the other Chase cards you want.

What Kind of Cards and Accounts Count Towards 5/24?

Chase counts new accounts on your personal credit report in the past 24 months.

These type of accounts may count towards your 5/24 limit:

  • New credit or charge card accounts
  • Store credit card accounts
  • Authorized user accounts on someone else's personal credit or charge card
  • Business credit cards from Capital One, Discover, and TD Bank

Do store cards count as 5/24 rule? Store cards count towards 5/24 if the card can be used everywhere (for example, a Macy's AMEX card). Usually, if the store card is a Visa, Mastercard, or American Express, then it will count. As for store cards that can only be used inside the particular store, it's a little questionable right now. There are reports that Chase is getting stricter with this, so it's best that you skip the store card offers at checkout.

And these type of accounts do NOT count towards 5/24:

  • Bank debit card accounts
  • Business credit cards from most issuers (except for those listed above)
  • Loans, such as student loans, mortgages, car loans, and personal loans
  • Denied credit card application requests

Let's explain some of these in detail below.

How Business Card Accounts Work

The 5/24 rule is only for card accounts on your personal credit report. So this depends on if the card issuer reports their business credit cards to personal credit bureaus. Some do not, so their business cards won't count toward your 5/24 limit.

Issuers that DON'T report business cards to personal credit bureaus are:

  • American Express
  • Bank of America
  • Barclay's
  • Chase
  • Citi
  • U.S. Bank
  • Wells Fargo

So you can apply for business cards from those banks and they will not count towards 5/24.

Banks that DO report are:

  • Capital One
  • Discover
  • TD Bank

Business cards from these banks will count as part of your 5/24. So hold off on these until after your Chase applications.

What About Chase Business Cards?

Most Chase business cards are impacted by the 5/24 rule. This means you will not be approved if you are over the limit.

However, once you have gotten approved, the Chase business card will not add to the 5-card limit, since Chase business cards don't report to personal credit bureaus.

For example, let's say you are currently at 4/24. And you want the Chase Ink Business Preferred. You're still within the limit, so you can apply. Once you have gotten approved, you will still be at 4/24 (since the business card won't be on your personal report). This means you can then still apply for another Chase card.

So if you have both Chase personal and business cards you want to apply to, it's important to strategize the order of your applications.

Do Authorized User Accounts Count?

If you are an authorized user on someone else's personal card, it will show up on your personal report too. And yes, this counts towards 5/24.

You may be able to call Chase's reconsideration line and ask them not to count the authorized user accounts. Your success will depend on how receptive the rep is.

How to Get Around the 5/24 Rule

If you're already at or over 5/24, but really want one of the cards, there are a couple of ways you may still be able to get your hands on one.

  1. Request a product change. You can only request a product change within the same family of cards. For example, you can't go from a personal card to business card. Or from a Freedom card to a Southwest card. You can, however, change between Ultimate Rewards cards, or between Southwest cards, etc.

    Some cards require that your account be at least 1 year old before a product change. And note that you will not receive the sign-up bonus.

  2. In-branch pre-approvals. This has been reported to bypass the 5/24 rule only if you get the pre-approval at a branch. Online pre-approvals do not work.

    Sometimes, the banker will just tell you if you have pre-approved offers. Or you can also ask yourself. Usually, people report being more successful when it came from the banker first. They were able to get one of the 5/24 rule-bound cards even though they were over the limit.

Bottom Line

Chase's 5/24 rule is important to know. It can affect your approval even if you have an excellent credit score. It also means you need to be smart with which cards you want to apply for and in what order. If you want any of the Chase cards affected by the rule, make sure you prioritize those applications first. Strategize your applications so you can make the best of this policy.

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Chase Freedom, Ink Business Cash Credit Card, and Chase Slate has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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