We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

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

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

Million Mile SecretsDoes the 5/24 Rule Apply to Denied Credit Card Applications?Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

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:

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!

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

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

3comments

by Newest
by Best by Newest by Oldest

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

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

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?