Does the “5/24” Rule Apply to Chase Business Cards?
Million Mile Secrets
Million Mile Secrets Team
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Are you over the You could get under it by only Chase “5/24” limit? 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?
Most Chase Business Cards, Like the Ink Business Preferred, Are Affected by the Chase “5/24” Rule
Million Mile Secret Agent
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
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.
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 in select 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
17.24% - 22.24% Variable
Credit Needed Excellent Credit
Card Type Visa
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