Does the 5/24 Rule Apply to Denied Credit Card Applications?

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, 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.

Million Mile Secrets reader, Seth, emailed:

If my application is denied for the Chase Sapphire Reserve, will Chase still count it against their “5/24 rule“?

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.

Does The 5/24 Rule Apply To Denied Credit Card Applications

Chase Offers Valuable Travel Rewards Cards That Can Take You All Over the World. And They Only Count Cards You’ve Successfully Opened for Cards With Tighter Application Rules

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?

Lots of folks are applying for the Chase Sapphire Reserve because of its huge sign-up bonus and great travel benefits, even though they have opened 5+ cards in the past 24 months.

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.

No matter how you apply, if your Chase application is automatically denied, you can still apply for 1 of the 6 Chase cards not currently under the “5/24 Rule”:

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!

Link:   The Easy Way to Check your 5/24 Status

Not sure whether you’ve opened 5 cards in the past 2 years, or want to know when you’ll be eligible for cards that fall under the Chase “5/24 rule“?  Here’s an easy way to check your 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!

Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published. Required fields are marked *

3 responses to “Does the 5/24 Rule Apply to Denied Credit Card Applications?

  1. Will applying and getting one of those cards not subject to 5/24 then count as one of the 5 cards when you apply again for a 5/24 card?

  2. I have about 130l 99l on aa miles and 63 k and 69k in United Do not know how to get ridge of them Tia

  3. I have about 130k and 99k on aa miles and 63 k and 69k in United Do not know how to get ridge of them Tia Need help please some one