Do Chase’s Stricter Approval Rules Now Apply to All of Their Cards?

Do Chase’s Stricter Approval Rules Now Apply to All of Their Cards?

Million Mile SecretsDo Chase’s Stricter Approval Rules Now Apply to All of Their Cards?Million Mile Secrets Team

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, 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.

Last year, Chase stopped approving many folks for some of their cards, like the Freedom and Sapphire Preferred, if they’d opened ~5 or more credit cards (from any bank) in the past 24 months.

Via Doctor of Credit and Reddit, these stricter rules now apply to more of their cards.

Do Chase's Stricter Approval Rules Now Apply To All Of Their Cards
If You’ve Opened 5+ New Credit Cards in the Last 24 Months, You’ll Find It Tougher to Be Approved for Certain Chase Cards

While there’s no official word from Chase about this change, I’ll share what I know and what this means for you.

What’s Going On?

Last year, Chase started making it more difficult for certain folks to be approved for Chase Ultimate Rewards earning cards, like the Freedom and Sapphire Preferred.

Dubbed the “5/24 rule,” if you’d opened ~5 or more credit cards (from any bank) in the past 24 months, it was very unlikely that you’d be approved for these cards.

There were rumors that the 5/24 rule would soon apply to Chase small business cards like the Ink Plus.  And to co-branded airline and hotel cards, like the Chase Hyatt, Chase IHG Rewards Club Select Credit Card, and Chase United MileagePlus® Explorer cards.

Unfortunately, this now seems to be the case.  But only for their small business cards and SOME of their co-branded cards.

Folks are reporting the changes probably went into effect on May 22, 2016, based on when Chase started denying more applications.

Which Chase Cards Are Affected?

According to Doctor of Credit, the 5/24 rule now also likely applies to the following cards:

But NOT to these cards:

What Does This Mean for You?

Chase has some of the best points and miles cards.  Especially cards which earn Chase Ultimate Rewards points, because they offer lots of flexibility.

If you’re new to our hobby, consider getting cards like the Sapphire Preferred or Ink Plus first.  Because they are some of the most valuable cards for Big Travel with Small Money.

And the Chase Sapphire Preferred is my favorite card for beginners.

Folks who’ve been collecting miles & points for a while generally open more than a few new credit cards each year.

Do Chase's Stricter Approval Rules Now Apply To All Of Their Cards
Folks Who’ve Been Collecting Miles and Points for a Long Time Probably Have More Than 5 New Cards in 2 Years

If you haven’t kept track of your past credit card applications, read my post on how to find credit card open and close dates.

Bottom Line

If you’ve opened ~5 or more credit cards (from any bank) in the past 24 months, you probably will NOT be approved for certain Chase credit cards.  This includes the Ink Plus, Chase Marriott cards, and Chase Southwest cards.

If you’re new to miles & points, consider applying for the valuable Chase Sapphire Preferred or Chase Ink Plus before other cards so you don’t get shut out from getting them later!

Although this is NOT official news from Chase, folks are reporting more denials.

Have you recently been affected by Chase’s new stricter application rules?

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

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T.Norfleet 5/24 hit me a couple weeks ago approval for HIG declined for chase freedom reason 6 accounts open within one year. Tried reconsideration line 3 or 4 times no success? .Guess have to wait it out ? will they loosen this rule anytime soon? its outrageous! anyone? THANKS

Hi Daraius - As always, thanks very much for all the great info!

3 questions re: the Chase 5/24 rule...

1 - I know you've mentioned that generally (at least some) business cards don't count against the 5/24 rule. Do the CHASE BUSINESS cards (Ink Plus and/or Ink Bold) count against the 5/24 rule?

2 - As you know, AA recently (past year or 2), converted some accounts (from US Airways to American Aviator); I believe that shows up on my credit report as a "new" account, even though I opened the original account nearly 20 years ago. Will Chase view that "strictly," and, since it shows as a "new" account, count it against me? (If so, I realize I might be able to work around it by calling the reconsideration line after a denial, but I'd rather try to avoid getting flagged/rejected if possible.) Thoughts???

3 - If I can figure out when I'll next be "free" from the 5/24 rule's shackles, how long should I wait after that before applying for a new card or 2?

Thanks so much!

Got the same doubts!

I just got denied for the Freedom Unlimited because the Chase rep. said I had too many new cards in the past 2 years. He gave me an address to write to for reconsideration. Has anyone had success with writing a letter and being reconsidered given the new stricter rules?

I waited the 24 months to churn the Marriott 80,000 points deal. I was denied due to the 5/24 rule. I have Platinum status with Marriott. I just wrote a letter to Marriott explaining that the denial is a very negative impact on my Marriott experience. Marriott wants their Platinum members to feel like Kings. Kings don't get denied for credit cards. I also hinted I'd be switching loyalty to SPG. Marriott needs to know their relationship with Chase will cost them Elite Business Travelers Chase. The way to put pressure on Chase to change their ways is to complain about 5/24 to the Sponsoring Company.

I also canceled every Chase Card my family uses. We stayed at the Kauai St. Regis on SPG points & it was wonderful. Looks like I'm an SPG guy now! I just applied for SPG cards for everyone in the family!

Please clarify how "targeted" offers bypass the normal restrictions on approval. I have seen mentioned that if you are targeted you will not be further evaluated; but your latest blog touting the 70000 mile United "targeted" offer says it is subject to the 5/24 rule. How can I determine which "targeted" offers are real?

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