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Applying for credit cards to travel more comes with all kinds of considerations, from protecting your credit score to navigating different banks and mastering all the different points and miles out there.Chase is one of the titans of the world of points and miles, and it has one of the most important restrictions to keep in mind: the Chase 5/24 Rule.
From Amex to Capital One to Chase and every bank in between, this rule is one of the strictest you'll find when it comes to getting approved – or denied – for new credit cards. Open too many cards in the last two years, and it means Chase may shut you down.
We'll run you through the basics of this rule, how it works, and why it means you should prioritize getting Chase credit cards before looking to other banks if you're getting started in this world of travel rewards.
Related Reading: Master Guide to Credit Card Applications: All the Rules You Need to Know, Bank by Bank
In this post
- What is the Chase 5/24 Rule?
- What Chase Credit Cards are Affected by the 5/24 Rule?
- Are Business Credit Cards Impacted by Chase 5/24?
- Chase 5/24 Rule Frequently Asked Questions
- Do Authorized User Accounts Count Toward the Chase 5/24 Rule?
- Do Retail Store Credit Cards Count Towards the Chase 5/24 Rule?
- Do Mortgages, Auto Loans, or Student Loans Count Towards the Chase 5/24 Rule?
- How Are the 24 Months Calculated?
- How Can I Track My Chase 5/24 Status?
- Chase 5/24 Rule: Bottom Line
What is the Chase 5/24 Rule?
The Chase 5/24 rule is a hard-and-fast restriction rolled out years ago in order to limit card applicants from opening credit cards for the sole purpose of earning bonus rewards.If you've heard of the phrase “churning,” that's exactly what this rule is designed to crack down on.
Here's what it boils down to:
- If you have opened five or more credit cards in the past 24 months from any bank credit card issuers(not just Chase cards), you will not be approved for Chase credit cards, regardless of your credit score or history with Chase bank.
- The rule does not count credit inquiries, but rather new cards you have applied for and been approved.
So if you have opened five or more new credit cards in the past 24 months, you will likely not be approved for Chase credit cards that are subject to the 5/24 rule. As you'll see, all of Chase's personal credit cards fall under this rule.
Chase isn't just looking at your history with Chase cards to make this determination: Personal credit cards from any bank will add to your 5/24 count.
The rule is not officially published through any of Chase's platforms. Case in point: If you ask about it in a Chase branch, many employees have likely not heard of it.
What Chase Credit Cards are Affected by the 5/24 Rule?
For years, all Chase credit cards have been impacted by the Chase 5/24 rule. Once you're over that threshold, you will not be approved for any of these cards.
Below is the current list of credit cards that are impacted by the 5/24 rule. If you have been approved for five or more cards in the last 24 months, you likely won't be approved for any of these cards.
- Aer Lingus Visa Signature® Card
- Aeroplan® Credit Card
- British Airways Visa Signature® Card
- Chase Ink Business Preferred® Credit Card
- Chase Ink Business Cash® Credit Card
- Chase Ink Business Unlimited® Credit Card
- Chase Sapphire Preferred® Card
- Chase Sapphire Reserve®
- Chase Freedom Flex℠
- Chase Freedom Unlimited®
- Chase Slate Edge
- Iberia Visa Signature® Card
- IHG® Rewards Club Premier Credit Card
- IHG® Rewards Traveler Credit Card
- Marriott Bonvoy Bold® Credit Card
- Marriott Bonvoy Boundless® Card
- Marriott Bonvoy Bountiful™ Credit Card
- Southwest Rapid Rewards® Plus Card
- Southwest Rapid Rewards® Premier Card
- Southwest Rapid Rewards® Priority Card
- Southwest Rapid Rewards® Premier Business Card
- Southwest Rapid Rewards® Performance Business Card
- The Instacart Mastercard®
- The Starbucks® Rewards Visa® Card
- The World of Hyatt Credit Card
- The World of Hyatt Business Credit Card
- United Gateway℠ Card
- United℠ Business Card
- United℠ Explorer Card
- United Quest℠ Card
- Chase Disney Card
- Chase AARP Card
- Chase Amazon Card
Are Business Credit Cards Impacted by Chase 5/24?
Business credit cards work a bit differently with the Chase 5/24 rule.
When it comes to Chase business credit cards specifically, you'll need to be underneath the 5/24 rule to get approved … but that approval will not add to your 5/24 count.
For example, let's say you want to apply for the Chase Ink Preferred® Business Card.If you've opened five or more credit cards in the last 24 months, you'd almost certainly get denied. But let's say you've opened four credit cards over the last two years. You could get approved … and if you do, you'd remain at 4/24 under this rule.
In general, most business card approvals do not count towards your 5/24 total. That includes business cards from American Express, Chase, Citi, Bank of America, and more.
The reason? Business credit card accounts typically don't show on your personal credit report.
Chase 5/24 Rule Frequently Asked Questions
Do Authorized User Accounts Count Toward the Chase 5/24 Rule?
Authorized user accounts will typically appear on your personal credit report. That means they will be counted towards your 5/24 status.
But that's not the end of the story. There are many data points out suggesting that calling the Chase reconsideration phone line may result in some representatives removing authorized user accounts from your 5/24 status.
This ultimately allows you to be approved for Chase cards, assuming your authorized user accounts put you over the 5/24 rule. Chase's reconsideration phone lines are as follows:
- Reconsideration (Personal):888-270-2127
Read More: Everything You Need to Know About Credit Card Authorized Users
Do Retail Store Credit Cards Count Towards the Chase 5/24 Rule?
If you have specific retail store credit cards, these will only count towards your 5/24 status if the card can be used outside of the specific store.
This means if the card has a payment network listed on it such as Visa, American Express, Discover, or Mastercard, it will be counted. If not, the card will not count against your 5/24 status.
Do Mortgages, Auto Loans, or Student Loans Count Towards the Chase 5/24 Rule?
Other lines of credit like mortgages, auto loans, student loans, home equity lines of credit, etc. should not count towards your 5/24 status as they are not a bank credit card.
The Chase 5/24 rule will not apply to these lines of credit. It only applies to personal credit cards that you are approved for (with the exception of retail store credit cards that are not part of a larger payment network).
How Are the 24 Months Calculated?
The Chase 5/24 rule is calculated on a card membership basis, not a calendar year. For example, if you are above 5/24 and fall below it on May 15th, you would need to wait until June first before you applied for a card that was subjected to the Chase 5/24 Rule.
How Can I Track My Chase 5/24 Status?
The best time to get started tracking your 5/24 status is right away, even if opening five or more credit cards in a 24-month period sounds crazy to you.
Over the years, the best tool I have found to do this is a service called Travel Freely. It allows you to track the credit cards you have opened and closed and comes up with an automated 5/24 number. It also alerts you to annual fee due dates, and much more.
Best of all, the service is completely free to use and doesn't track any sensitive financial information.
Read more: Travel Freely: The Best Way to Keep Credit Cards Organized
Of course, this data is only as good as you make it. It does require staying on top of the dates you've opened and closed credit cards, but the service makes that very easy to do.
Another great option is to use a service like Credit Karma, or even Experian. These should show you a list of all your open credit accounts and when they were opened. From here, you should be able to calculate which ones will count toward your 5/24 status. Travel Freely will do that math automatically.
Chase 5/24 Rule: Bottom Line
If you understand the restrictions of the Chase 5/24 rule, you should be able to navigate it without much issue. This is among the most restrictive credit card application rules out there.
And that's the reason we always recommend that you should start with Chase credit cards before any other bank. Before long, it may be too late.
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If you're at a Chase branch and told (without prompting) that you have been pre-approved for a credit card, you may be able to get approved in branch, thus getting around 5/24. Some data points also suggest submitting a paper credit card application in a branch location may also bypass 5/24.Is Chase 5 24 a hard rule? ›
Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.What is the 5 24 rule simplified? ›
What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.What cards are exempt from 5 24? ›
- The Business Platinum Card® from American Express.
- American Express® Business Gold Card.
- Ink Business Preferred® Credit Card.
- Ink Business Unlimited® Credit Card.
- Ink Business Cash® Credit Card.
- World of Hyatt Business Credit Card.
Chase's 5/24 rule is probably the best-known credit card application restriction. If you have taken out more than five new credit cards in the past 24 months—whether they're Chase credit cards or cards from another issuer—Chase will generally not accept you for a new credit card.Does closing a credit card lower your score? ›
Credit experts advise against closing credit cards, even when you're not using them, for good reason. “Canceling a credit card has the potential to reduce your score, not increase it,” says Beverly Harzog, credit card expert and consumer finance analyst for U.S. News & World Report.How many credit cards is too many? ›
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.What is a good score to Chase? ›
Most Chase credit cards are intended for consumers with good to excellent credit scores (FICO® Score of 670 or higher). A score above 700 is even better and gives you a strong chance at approval.How much can you take out of Chase in a day? ›
If you have a basic Chase debit card, you can withdraw up to $3,000 per day at your in-branch Chase ATM. For Chase ATMs outside of your branch, you can withdraw up to $1,000 per day.What is the simplest form rule? ›
A fraction is in simplest form when the top and bottom cannot be any smaller, while still being whole numbers. To simplify a fraction: divide the top and bottom by the greatest number that will divide both numbers exactly (they must stay whole numbers).
Discover: Card numbers begin with 6011 or 65. Japan Credit Bureau (JCB): Card numbers begin with 35. American Express (Amex): Card numbers beginning with 34 or 37.Do store cards count towards 5 24? ›
If you have specific retail store credit cards, these will only count towards your 5/24 status if the card can be used outside of the specific store. This means if the card has a payment network listed on it such as Visa, American Express, Discover, or Mastercard, it will be counted.Is the Amazon card part of the 5 24 rule? ›
Cards You Can Get If You're Over the 5/24 Rule
Surprisingly, Chase issues several cards that are not subjected to the 5/24 rules. That means you can get these cards if you've opened five or more accounts in the last 24 months: Amazon Rewards Visa Signature. Marriott Rewards Premier Business.
While a relative few will qualify for the highest credit limits, average cardholders will receive card limits in the $3,000 to $5,000 range. However, many cardholders have reported successfully getting a higher credit limit from Chase.Can you get denied for too many inquiries? ›
There's no such thing as “too many” hard credit inquiries, but multiple applications for new credit accounts within a short time frame could point to a risky borrower. Rate shopping for a particular loan, however, may be treated as a single inquiry and have minimal impact on your creditworthiness.Does Chase do a soft pull or hard pull? ›
Chase only performs a soft credit check when you use its prequalification tool. Soft credit checks don't impact your credit score. If you apply for a Chase card, there will be a hard credit check when Chase pulls your credit report. Hard credit checks cause a small drop in your credit score.Is it bad to have a lot of credit cards with zero balance? ›
It is not bad to have a lot of credit cards with zero balance because positive information will appear on your credit reports each month since all of the accounts are current. Having credit cards with zero balance also results in a low credit utilization ratio, which is good for your credit score, too.Is it bad to have a credit card and not use it? ›
The bottom line. Credit card inactivity will eventually result in your account being closed, so it's a good idea to maintain at least a small amount of activity on each of your cards. A closed account can have a negative impact on your credit score so consider keeping your cards open and active whenever possible.Is it smarter to close a credit card or let it fall off? ›
It is better to keep unused credit cards open than to cancel them because even unused credit cards with a $0 balance will still report positive information to the credit bureaus each month. It is especially worthwhile to keep an unused credit card open when the account does not have an annual fee.Is 20 credit cards too many? ›
There's no such thing as a bad number of credit cards to have, but having more cards than you can successfully manage may do more harm than good. On the positive side, having different cards can prevent you from overspending on a single card—and help you save money, earn rewards, and lower your credit utilization.
A good guideline is the 30% rule: Use no more than 30% of your credit limit to keep your debt-to-credit ratio strong. Staying under 10% is even better. In a real-life budget, the 30% rule works like this: If you have a card with a $1,000 credit limit, it's best not to have more than a $300 balance at any time.Is it OK to have 15 credit cards? ›
Having too many open credit lines, even if you're not using them, can hurt your credit score by making you look more risky to lenders. Having multiple active accounts also makes it more challenging to control spending and keep track of payment due dates.What does Chase look at credit score? ›
What credit score does Chase Credit Journey use? Credit Journey uses VantageScore 3.0® by Experian. Your lender (including Chase) may not use VantageScore 3.0, so don't be surprised if your lender gives you a score that's different from your VantageScore.Does Chase show FICO score? ›
Chase Offers Free Credit Score (Non-FICO) to Anyone
You don't have to be a Chase customer. However, the score that you receive is not a FICO credit score. It is a VantageScore 3.0 credit score, which is based on the data on your TransUnion credit report.
You cannot get a free FICO score from Chase, but you can get a free VantageScore credit score through a Chase Credit Journey account. Chase offers free credit scores using the VantageScore 3.0 credit-score model and credit reports from TransUnion. Anyone can enroll in the Chase Credit Journey program.Can I withdraw $20000 from bank? ›
Unless your bank has set a withdrawal limit of its own, you are free to take as much out of your bank account as you would like. It is, after all, your money. Here's the catch: If you withdraw $10,000 or more, it will trigger federal reporting requirements.Can I withdraw $5000 from ATM? ›
The amount of cash you can withdraw from a bank in a single day will depend on the bank's cash withdrawal policy. Your bank may allow you to withdraw $5,000, $10,000 or even $20,000 in cash per day. Or your daily cash withdrawal limits may be well below these amounts.Can I deposit $4000 at ATM? ›
Say, for example, your bank's ATMs only accepts a maximum of 40 bills — the cash deposit limit then ranges anywhere between $40 and $4,000, depending on the bills you insert into the machine.What is 36 in the simplest form? ›
36=12 In fact, 12 is the simplest form of 36 because it has the smallest numerator and denominator possible to represent that amount.What is 14 21 simplified? ›
This would leave us at 14/21 and since 14 and 21 are multiples of 7, we can divide by 7. In dividing 14 and 21 by 7, we end up with 2/3, which is in the lowest terms since there is no longer a common factor between numerator and denominator.
Answer: 20:12:16 in its smallest form=5:3:4.What is the answer to 18 24 simplified? ›
Answer and Explanation: When simplified, 18/24 becomes 34 . To simplify this fraction we find common factors of 18 and 24 and then start dividing.What is 7 28 in simplest form? ›
The simplest form of 728 = 14.Can you simplify 7 24? ›
Answer and Explanation: 7/24 can not be simplified any further. This fraction is, therefore, already expressed in its simplest form. The reason for this is that 7 and 24 do not share any common multiples.How much will Chase let you go over limit? ›
There is no overlimit fee for the card, as most transactions that would go over the credit line will be rejected. Sometimes, Chase may allow small overlimit transactions to go over your credit line. However, it is not guaranteed. And in case that happens, there will be no over limit fee.Does Chase have a 2 30 rule? ›
Understanding the Chase 2/30 rule:
Chase business cards don't count towards 5/24. But they do count towards this rule: Apply for a third Chase card of any kind within 30 days, and you'll be declined. Don't worry, as long as you keep your cards up to date, we'll keep track and warn you if the rule is tripped.
Upgrading or downgrading a Chase card won't affect your 5/24 standing, since you're not opening a new card. Instead, you're trading one card for another. Just keep in mind that you won't qualify for any promotional offers like a welcome bonus.How do I get 10X on Chase travel? ›
Earn 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after spending $300 on travel each year.What credit card has a $100000 limit? ›
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.Does the credit limit reset every month? ›
Credit limits don't reset after a specific time period. Once your current balance has been settled–either when your statement is due or after you've made an early payment–you'll have access to the full limit again.
Chase, like most other banks, will automatically increase your credit if you are using your card responsibly and paying your balance in full and on time. These automatic bumps generally happen every 6 to 12 months. If you're patient, you might get a credit limit increase without doing anything!What is the 4 48 rule Chase? ›
This is a relatively new Chase rule, but an important one: You cannot receive a Sapphire sign-up bonus if you've already received a bonus from either version (Preferred or Reserve) within previous 48 months. It's important to note it's 48 months or 4 years from the receipt of the statement with the bonus on it.Will Chase give me a second chance? ›
In summary. A blemished banking history can make it difficult to get approved for a new account. People who find themselves in this situation may be eligible for a second chance bank account as an alternative.Does AmEx have a 5 24 rule? ›
Does AmEx have a 5/24 rule? No; in fact, the AmEx welcome bonus rules work differently than Chase.Does Chase close cards for inactivity? ›
Inactivity. Your issuer may decide to close your account after seeing that it hasn't been used for a certain period of time (a few consecutive months, for example). Generally, if your account was closed due to inactivity, you may be able to reopen it.Does upgrading Chase card hurt credit? ›
As long as you don't start spending more, your credit utilization rate will go down. These are important items to consider when applying for a new card. Upgrading a card, on the other hand, will generally have zero impact on your credit score.How many dollars is 100000 points in Chase? ›
100,000 Chase points are usually worth $1,070, whether you spend them on travel, cash back, gift cards, experiences or shopping. With a few Chase cards, 100,000 points can be worth 25% - 50% more when redeemed for travel through Chase Ultimate Rewards.Does Chase pay for TSA PreCheck? ›
Does Chase pay for TSA PreCheck? On select Chase cards, like the Chase Sapphire Reserve card, you can pay for the TSA PreCheck application fee using your card and get a statement credit. However, you can generally only get up to $100 in application fee credits every 4 years.How to earn the 100,000 points from Chase? ›
- Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. ...
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. ...
- Round-the-clock monitoring for unusual credit card purchases.