Do Store Cards Count Towards the Chase “5/24 Rule?”

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, Brian, commented:

Do store cards (like Synchrony and Lowes) count toward the Chase 5/24 rule?

Thanks for the question, Brian!

As long as your store card can be used at other stores, it will count toward the Chase “5/24 rule.”

Do Store Cards Count Towards The Chase 524 Rule

Signing-Up for a Store Credit Card Can Cause You to Lose a Lot More Than You’ll Save! If It Can Be Used Outside the Store, It Will Count Against Your 5/24 Status

I’ll remind you what counts against Chase’s strict application rules.  And what does not count.

Which Cards Count Against Chase’s “5/24 Rule”

As a general rule, any card that appears on your personal credit report will count toward Chase’s strict application policies.  Here’s how to check your Chase 5/24 status.

1.   Store Cards

Signing-up for a store card at checkout, like the GAP or Macy’s card, to get a discount might seem like a good decision in the moment.  But it’s actually costing you a lot more than you’re saving!

That’s because Chase will stop approving you for some of their cards, like the Chase Freedom and Chase Sapphire Preferred, if you’ve opened ~5 or more credit cards (from any bank) in the past 24 months.  So by opening a store card to save a few bucks, you’re forfeiting a chance to sign-up for valuable Chase credit cards that can potentially save you thousands!

According to Doctor of Credit, store credit cards will count against the “Chase 5/24 rule” if the card can be used outside of that particular store.  In other words, if it is a Visa, MasterCard, American Express, etc., it will count against the Chase rule.

If it can only be used inside the store, the card will not count against the Chase “5/24 rule.”

2.   Authorized Users

If you are an authorized user on a credit card, it will be reported on your credit report.  So it will count against the Chase “5/24 rule.”  But you can call the Chase reconsideration line and try to explain the situation.  Readers report mixed results in getting their applications approved if they’re an authorized user on someone else’s accounts.

What Does NOT Count Against Chase’s “5/24 Rule?”

Any cards that do not show up on your personal credit report will not count against Chase’s strict application rules.

1.   Certain Small Business Credit Cards

This includes certain small business cards, like the The Business Gold Rewards Card from American Express OPEN.  That’s because small business cards from AMEX do not show up on your personal credit report, and so don’t count towards the 5/24 rule.  Emily applied for the card last month because she knew it would NOT hurt her chances of being approved for any Chase cards.

2.   Chase Targeted Offers and Pre-Approvals

If you receive a targeted offer from Chase for a certain credit card, you can be approved for the card even if you have applied for 5+ cards in the past 24 months.

Or, if you are pre-approved for a card in-branch, you will have an easier time getting approved than if you aren’t!

3.   Chase Private Client

If you’re a Chase Private Client, you can avoid Chase’s tougher application rules.  But it’s kind of a pain!

To become a Private Client you’ll usually have to bring a total of $250,000 in assets to Chase (checking, savings, investment, and retirement accounts, etc.).

You can see if you qualify for the Private Client program, you can contact Chase or visit a local Chase branch.

Bottom Line

Any cards that show up on your personal credit report will count towards the Chase “5/24 rule“, including some store cards and authorized user accounts.  Read my post on how to easily check your Chase 5/24 status.

There are ways to get around the rule, like Chase Private Client, in-branch pre-approvals, and taking advantage of targeted Chase offers.

* 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 *

8 responses to “Do Store Cards Count Towards the Chase “5/24 Rule?”

  1. I don’t know how true, what you say about pre-approvals is. I got targeted for the 70k united offer thesepast 6 months or so, and so did my wife. We both got denied on the basis of the 5/24 rule.

    Interesting about in store cards that are not by visa, mastercard, etc. This DOES NOT SEEM TO be the case of me. Chase is counting one store furniture card against me, even though it’s neither a visa, mastercard, discover, etc.

  2. I don’t know how true, what you say about pre-approvals is. I got targeted for the 70k united offer the past 6 months or so, and so did my wife. We both got denied on the basis of the 5/24 rule.

    Interesting about in store cards that are not by visa, mastercard, etc. This DOES NOT SEEM TO be the case for me. Chase is counting one store furniture store card against me, even though it’s neither a visa, mastercard, discover, etc.

  3. Thanks for answering my question. I wasn’t sure of the answer, and being impatient, I decided to take a chance even though I had four Visa/MC/Amex cards plus three store cards issued within the past 24 months. I was instantly approved for a CSR.

  4. @Orlin – If it appears on your credit report, it will still count against your 5/24 status.

    @phil – Some are pre-qualified and some are pre-approved. I recommend checking in-branch and asking a banker directly. Pre-approval gives you a better chance, most of the time. But of course there are lots of other factors that go into an approval, so you’re not guaranteed an approval.

    Thanks for the input! 🙂

    @Brian – Wow, congratulations! Thank you for sharing. Very interesting!