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Does the “5/24” Rule Apply to Chase Business Cards?

Does the “5/24” Rule Apply to Chase Business Cards?

Million Mile SecretsDoes the “5/24” Rule Apply to Chase Business Cards?Million Mile Secrets Team

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Are you over the Chase “5/24” limit?  You could get under it by only applying for certain small business credit cards.  Because some banks’ business card accounts won’t show up on your personal credit report.

But what about applying for a Chase small business credit card?

Does The 524 Rule Apply To Chase Business Cards
Most Chase Business Cards, Like the Ink Business Preferred, Are Affected by the Chase “5/24” Rule

Million Mile Secret Agent Benj asked:

Is it possible to get the Chase Ink Business Preferred if I’ve been approved for 5 credit cards in the last 24 months, and Chase turned me down for a personal card?

Unfortunately, Benj, if you’ve opened 5 or more credit cards in the past 24 months you will most likely NOT be approved for the Chase Ink Business Preferred card.

Chase business cards will not count against your “5/24” status.  Because they won’t show up on your personal credit report.

But they are still impacted by the rule.  So if you’ve already been denied a personal card for being over the limit, your business card application will most likely get declined as well.

Staying Under the Chase “5/24” Limit

Once you know how many new credit cards you’ve opened in the past 24 months, it’s just a matter of waiting until you’re under the limit.

But in the meantime, you don’t have to miss out on Big Travel with Small Money!  Because there are lots of small business cards that will not count toward your “5/24” limit.

And you might already qualify for a small business credit card and not even know it!

Cards Not Affected by the Chase “5/24” Rule

Team member Harlan is way over the “5/24” limit, and he just got approved for the British Airways Visa Signature card.

If you’re over Chase’s “5/24” rule, you can still get the following Chase cards:

And don’t forget there are plenty of other lucrative sign-up bonuses available.

Bottom Line

If you’ve opened more than 5 new credit cards in the past 24 months, you will NOT be able to get most Chase credit cards.

Some business cards don’t count towards your “5/24” limit.  This is true even for Chase business cards, because they won’t show up on your personal credit report.

But if you’re already over the “5/24” rule, you most likely won’t be approved for a Chase business card.  Thankfully, there are still a handful of Chase cards you can get even if you are over “5/24”.

Thanks for the question, Benj!

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Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

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! :)

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Long time reader. Can you please explain if adding a employee (wife) card to Chase business cards whether it be SWA business or older Chase Ink plus counts toward their 5/24 status?

Hi, I thought the 5/24 rule only applied to Chase cards, seems it’s not like that?

Million Mile Secrets

The Chase “5/24” rule will only affect Chase credit card applications. But almost ANY credit card that you get will count towards the limit of having 5 or more new credit card accounts opened within a 24 month period. One exception to this is, some small business credit cards don’t show up on your personal credit report, and won’t count towards the limit.

I hope that helps. If not, here is a post on which cards do not count towards the Chase “5/24” limit:

https://millionmilesecrets.com/2016/05/31/if-you-dont-know-this-amex-secret-youre-missing-out-big-time/

Hi! I’ve been mulling a question about the Chase/Southwest cards. I got the two Southwest cards (in order to score the Companion pass) in June of 2015. I didn’t close the accounts, and still have both cards and use them occasionally. Once 2018 starts, I wanted to get two more cards to score the companion pass again. Do I need to cancel the cards I currently have in order to do this? Are there any other pitfalls I’m not seeing? I’m otherwise fine on the 5/24 rule.

Million Mile Secrets

To be eligible for a Chase credit card sign-up bonus you can’t currently have the card, and you cannot have received the bonus within the past 24 months.

So you’ll have to wait 24 months after the bonus posted to your account to earn it again, not 24 months after being approved for the card.