Disclosure: We get a commission for links on the blog. You don’t have to use our links, but we’re very grateful when you do. American Express, Barclaycard, Capital One, Chase, and US Bank are Million Mile Secrets advertising partners. Opinions expressed here are the author's alone, and have not been reviewed, approved or endorsed by our partners. Here’s our Advertiser Disclosure.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.
Million Mile Secrets reader, Seth, emailed:
Seth wants to know if Chase’s stricter application rules include all credit card applications you’ve submitted, including the unsuccessful ones.
The answer is NO! As long as you weren’t approved for a new card, it will NOT affect your chances of being approved for other Chase credit cards.
I’ll explain this detail about Chase’s application rules. And what to do if you’re denied.
Which Credit Card Applications Are a Factor in the Chase “5/24 Rule”?
For a while now, Chase has enforced stricter application rules for many of their credit cards. Folks who have opened 5 or more credit cards (from ANY bank) in the past 24 months are unlikely to get approved for most Chase cards (with the exception of certain small business cards).
According to Doctor of Credit, Chase bases this number on new accounts reported on your credit report. So if you are denied, it won’t count towards Chase’s rule!
Opened 5+ Cards in the Past 24 Months, but Still Want to Apply for a Chase Card?
While lots of Chase cards, including the Chase Sapphire Reserve, are subject to the “5/24 rule“, you may be able to get the one you want by visiting a local Chase branch! Emily found out from her banker that Chase’s system in-branch flags certain folks for credit card pre-approval.
And if you apply for 1 of these cards the same day as your denied application, Chase will (usually) combine credit score inquiries! That way you won’t leave empty-handed!
Know Your Chase 5/24 Status!
Thanks for the question, Seth!
* If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!