In the world Points and Miles, a mention of the infamous 5/24 rule will surely continue every time a persecution card arises. Essentially, this refers to the unofficial rule that Chase will not approve a credit card application for someone who has opened five or more new credit cards of any issuer in the last 24 months.
However, without any published official Chase policy, dissecting the 5/24 rule is largely based on crowdsourcing data. Because of this, some data points are atypical values. That said, this is what you need to know about the restrictions of Chase 5/24.
What is the Chase 5/24 rule?
To be approved for any persecution card subject to 5/24, there can be no five or more personal credit cards in all banks in the last 24 months (more about Presentation cards One moment).
This means that it should really be below 5/24 to be approved. The 5/24 rule only applies to obtaining the approval of the cards issued by Chase, but its 5/24 count includes credit cards from all banks.
Related: The best ways to use your 5/24 slots
Are all CHASE cards subject to 5/24?
Most travel cards issued by Chase are attached to 5/24 for approval, including Cobranded cards. The following are cards that are reported that they are subject to rule 5/24:
*Information for these cards It has been collected independently by the type of points. The details of the card on this page have not been reviewed or provided by the card issuer.
Readers reports also indicate that requesting too many persecution cards too fast can lead to the scrutiny of the account and the closuresregardless of its 5/24 status. Some online reports have indicated that Chase will not accept it for more than two new accounts within 30 days.
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Because of that, the general recommendation is to avoid requesting a new account more frequently than every three or four months.
Remember that 5/24 is not the only factor that determines whether your Chase credit card The application is approved. His Credit scoreincome, debt levels and Many other variables They are also considered.
For presentation cards, Chase also sometimes requests documentation, such as financial statements or organization items to demonstrate that it has a legitimate business or a property sole.
Related: How to complete a Chase Business credit card application
How do I verify my 5/24 status?
We have found that the easiest way to verify your 5/24 status is to register Experian’s Free credit report service. (Be sure not to accidentally register for a paid service, unless that is your intention).
Using the Experian application, you can see all your accounts and order them on the date they opened. From here, tell anything open in the last 24 months. Chase only analyzes if an account was opened. It doesn’t matter if you have closed it since then.
According to the most recent data points, technically it will not be below 5/24 until the first day of 25 months after its fifth account was opened. For example, if its fifth most recent account was opened on October 17, 2023, it does not request a new card until at least November 1, 2025.
Related: How to calculate your 5/24 position
What accounts add to your state 5/24?
The following accounts count for their 5/24 position:
- All personal credit cards opened with any bank in the last 24 months (even if they are Now closed).
- Presentation cards Open with Discover and TD Bank in the last 24 months, plus any card of small capital companies other than Capital One Venture X Business and Capital One Spark Cash Plus Accounts
- Authorized User Cards From another person’s personal card it opened in the last 24 months, since they are reported in their credit report. However, you can call the reconsideration line of Chase and ask that these accounts not be considered.
- Specific Storage cards opened in the last 24 months that are part of a National Payment System And it can be used elsewhere. Some data points suggest that even storage cards that can only be used in a single establishment also have. Assume that if you appear in your credit report, Chase will tell.
The following accounts will not count for their 5/24 position:
- Cards for which he requested but finally denied them. (Credit consultations are not counted).
- Small business cards of most card issuers, with the known exceptions listed above.
- Loans for cars, student and mortgage loans.
Related: These 6 visiting cards can help you stay under the rule of Chase 5/24
What about conversions and card updates?
Depending on how a bank process a card conversion or improvement (Also known as product change), it may not be informed as a new account. Before completing an update or change of product, ask the bank if a hard credit extraction will be completed. In addition, ask if you will receive a new account number after the switch.
If the answer to one (or both) of these questions is yes, that could be a sign that The account will be considered new and add to your 5/24 position.
Related: Do not cancel: how to degrade a Chase credit card
Are there active methods to avoid 5/24?
There have been some recent cases in which card holders overlooked the 5/24 rule through “only for you” offers. To see if you are directed, sailing to “only for you” in “Explore products” in the left menu bar when you have logged into your Chase personal account.
If you desperately want a card now and is above the 5/24 limit, you can try a product change within the Chase Ultimate Rewards Card Family (Assuming you have had the card you want to convert for at least a year).
However, unless it has been specifically directed for a bonus to update a card, you will not receive a welcome bonus for any product change.
Related: When should the Chase 5/24 be ignored?
Persecution 5/24 Frequently Questions
Can I request two persecution cards on the same day I am in 4/24 and get the approval for both?
Historically, some data points suggested that you can request two persecution cards on the same day when you are in 4/24. However, one of the applications can automatically decrease in this case. If you call the reconsideration line, the agent can see his new account (approved), and this can make him not eligible for the second (although he will still have the second difficult consultation in his account).
In any case, remember that Chase can analyze customers who request credit too fast. Our recommendation is just to request a persecution card at the same time.
I requested a card on the exact day that I went below 5/24 and they denied me. What can I do?
Wait until the first day of next month and call the reconsideration line of Chase, or apply again after the first day of next month.
I am in or more than 5/24. Can I get a bank card?
Yes. Approves for credit cards issued by banks that are not Chase are not affected by their 5/24 score. Of course, each bank has your own approval criteria.
Do Chase’s presentation cards count for my 5/24 score?
No. If you are approved for a Chase presentation card, you should not add to your 5/24 position. However, it must be below 5/24 to obtain the approval of most persecution visit cards.
What happens if I am below 5/24 but I have authorized user accounts in my credit report that make me appear (or more) 5/24?
Your application can be denied or marked for additional review. In any case, you will want Call the Chase reconsideration line and keep in mind which accounts are authorized user accounts. The agent is likely to ask if you are responsible for these accounts and can approve it if someone else is the head of the main card. However, this is a manual process, and may not work.
Instead, consider planning in advance and eliminated as an authorized user at least one month before sending their application.
Related: The best cards to get after reaching 5/24
End
Chase 5/24 is a firmly entrenched rule without signs of disappearing in the short term. This means that you need to be Extremely strategic about its application strategy and rewards so that it can maximize its five allowed persecution slots.
If you are starting in the field of credit card rewards and is not close to 5/24, you will want Prioritize obtaining prosecution cards first. But remember not trying to fill your five slots with persecution cards too fast. Take it easy and be intelligent about the cards you request and when you do.
For additional reading, see our selections for the Best credit cards.
Apply here: Chase Sapphire preferred
Apply here: Chase Sapphire reserve
