Million Mile Secrets reader, Fran, emailed:
I’m having trouble figuring out how many credit cards I’ve opened in the past 2 years. I want to know so I can apply for a Chase card soon. Does the “5/24 rule” count cards that were canceled?
Chase has some of the best miles & points credit cards! So I understand why Fran is curious to find out how many cards she opened in the past 2 years.
With Chase’s tougher application rules, it’s unlikely you’ll be approved for most of their cards if you’ve opened 5+ cards from any bank (NOT counting Chase business cards and these other business cards) in the past 24 months.
And canceling any of the cards you opened in the past 2-year period will NOT increase your approval chances for most Chase cards if you’re above the “5/24” limit. But keep in mind, there are 7 Chase cards which are NOT impacted by the bank’s stricter application rules.
To see how many credit cards you’ve opened, I recommend using Credit Karma. It’s free and easy!
How to Check Your Chase 5/24 Status
Link: Credit Karma
You need a Credit Karma account to use the site. It’s free to create an account and only takes ~2 minutes! During sign-up, they’ll ask you a few questions to confirm your identity.
Credit Karma uses information from your Equifax and TransUnion credit reports. But it doesn’t matter which credit bureau they use because new personal credit cards show up on all 3 credit bureaus.
Step 1. Log-In to Credit Karma
First, enter your email address and password to log-in on the Credit Karma homepage.
Step 2. View Your Credit Score Details
After you’re logged-in, you’ll see your credit scores from TransUnion and Equifax. Cick on “View score details.“
It doesn’t matter if you click underneath TransUnion or Equifax because they should both include the same account information.
Then, scroll down to credit factors and click “View details“ under the box in the bottom left that shows your credit age.
Step 3. Count the Number of Open Card Accounts
You’ll see a list of all your open credit card accounts. So you can count how many were opened in the past 24 months.
Keep in mind, if you’ve opened a card in the last ~30 days, it may NOT show up on your Credit Karma report. And team members Harlan and Keith noticed certain small business cards (like AMEX, Citi, and Chase cards) did NOT show up in their CreditKarma reports!
If you have NOT canceled any cards in the past 24 months, you’re all done. But if you have, you’ll want to follow the next step to make sure you’re counting all of the cards you recently opened.
Step 4. Be Sure to See If Any Closed Accounts Impact Your “5/24” Limit
Remember, even if you canceled a card that was opened in the past 24 months, it still counts toward the Chase “5/24” limit. To check when you opened your canceled cards, you can click “View all accounts” on the top right corner of the previous page.
Then, scroll down to the list of closed credit card accounts.
Once you click on the bank name on the list of closed accounts, you’ll see more details for that card. For example, I clicked on the Chase card that was closed in January 2017.
The details will show how when the closed card was opened. If it’s been less than 2 years, you’ll have to include this in your card count to determine whether you’re likely to be approved for a new Chase card or not.
Chase’s Application Rules Means You Should Get Their Cards First!
Here are the top Chase cards I recommend:
- Chase Sapphire Preferred (My Review of the Chase Sapphire Preferred)
- Ink Business Preferred (My Review of the Ink Business Preferred)
- Chase Sapphire Reserve (My Review of the Chase Sapphire Reserve)
- Chase Freedom (My Review of the Chase Freedom)
- Chase Freedom Unlimited (My Review of the Chase Freedom Unlimited)
Note: Chase now restricts folks to only having one Sapphire card at a time. For example, if you’ve already got a Chase Sapphire Reserve, you won’t be able to open a Chase Sapphire Preferred (or vice versa).
If you’re looking to check how many credit cards you’ve recently opened, I recommend using Credit Karma. It’s free and only takes 4 quick steps.
It’s important to know how many cards you’ve opened if you plan to apply for Chase cards. Because the bank will not approve you for most of their cards if you’ve opened 5+ cards from any bank (NOT counting Chase business cards and these other business cards) in the past 24 months.
This is why my recommended card strategy for beginners is to apply for Chase cards first! With cards like the Chase Sapphire Preferred and Ink Business Preferred you can earn big sign-up bonuses and save lots of money on travel!