Waiting to Drop Below “5/24” Doesn’t Mean You Can’t Apply for New Credit Cards!

Waiting to Drop Below “5/24” Doesn’t Mean You Can’t Apply for New Credit Cards!

Million Mile SecretsWaiting to Drop Below “5/24” Doesn’t Mean You Can’t Apply for New Credit 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.

Chase offers many terrific travel rewards credit cards, like the Chase Sapphire Preferred® Card (my #1 card pick for beginners).  But the bank also has strict application rules, which makes it difficult to get many of their cards if you open lots of new accounts.

Chase will NOT approve you for most of their cards if you’ve opened 5 or more credit card accounts (from any bank) in the past 24 months (NOT counting Chase business cards and these other business cards).

Team member Keith is over the “5/24” card limit.  He’s patiently waiting to get below the limit, so he can earn valuable sign-up bonuses with Chase cards he doesn’t already have.  I’ll let him tell you about his current credit credit strategy!

Chase 524 Strategy
Thanks to Several Chase Card Sign-Up Bonuses, My Wife and I Have Enjoyed Big Savings on Trips to Places Like Sydney! So We’re Anxious to Earn Sign-Up Bonuses on More of Their Cards!

Keith:   Thanks, Daraius!  My wife and I have been very selective with which credit cards we apply for.  Because we’re both on track to drop below the “5/24” level in May 2018, which means we’ll be eligible to get new Chase credit cards!

As a miles & points addict enthusiast, I don’t think I could completely stop applying for new cards.  That’s why my strategy has been to apply for cards that do NOT appear on my personal credit report.

When a card doesn’t show up on your credit report, Chase won’t see it either!  This means it will NOT count toward your 5 card limit.

Why Get Below 5/24?

Earning sign-up bonuses on Chase cards the past few years has allowed my wife and I to get Big Travel with Small Money, including an around-the-world honeymoon and a family trip to New Zealand and Australia.

We’ve taken advantage of great offers on these cards:

Chase 524 Strategy
All of These Recent Accounts Have Made It Impossible for My Wife and I to Earn Sign-Up Bonuses With Most Chase Cards!

But opening these accounts (and cards from other banks) means we’ve been unable to get approved for other Chase cards, like the Marriott Rewards® Premier Credit Card.  And we can’t reapply for Chase cards we’ve previously had to earn the sign-up bonus again.

My main motive for getting below 5/24 is to be eligible to earn 2 Chase Southwest credit card sign-up bonuses next year.  When you time it right, the sign-up bonus points from 2 Southwest cards make it easy to earn the Southwest Companion Pass.

I’ve had the Companion Pass for 3 years.  It’s saved my wife and I thousands of dollars on flights to amazing destinations like Cabo San Lucas, New York City, and many more!  And Southwest will begin flying to Hawaii in 2018, so it would be amazing to continue getting 2-for-1 flights!

Chase 524 Strategy
The Southwest Companion Pass Is the Most Amazing Deal! That’s Why I’m Hoping to Sign-Up for Chase Southwest Credit Card Offers Next Year to Earn It Again!

Continue to Earn Sign-Up Bonuses If You’re Above 5/24

Link:   If You Don’t Know This AMEX Secret, You’re Missing Out!

To avoid opening new cards that count toward Chase’s 5/24 limit, my strategy has been to strictly apply for certain small business cards.  I qualify for business credit cards by selling items for a profit on eBay.  You can check out these 7 quick small business ideas if you’re looking for inspiration to make yourself eligible for valuable credit card sign-up bonuses!

Business cards issued by AMEX, Bank of America, Barclaycard, Chase, Citi, and Wells Fargo do NOT appear on your personal credit report.

Chase 524 Strategy
Business Credit Cards With Most Major Banks Don’t Appear on Your Personal Credit Report! So Chase Won’t Count These Toward Your 5/24 Limit!

Specifically, I’ve applied for the Bank of America Alaska Airlines Visa Business Card®.  Alaska Airlines miles are extremely valuable because you can use them to book award flights on partner airlines like Cathay Pacific.

And it’s possible to have multiple Bank of America Alaska Airlines small business cards open at the same time.  You just have to wait 90 days between applications.  Keep in mind, some folks are reporting Bank of America is restricting folks to opening 3 Bank of America cards per rolling 12-month period.

Depending on your travel goals, you could also consider these cards if you’re over 5/24 and still want to earn a new cardmember sign-up bonus:

How to Check Your Chase “5/24” Status

Link:   Go-To Guide With 4 (Easy!) Steps to Check Your “5/24” Status

If you’re looking to check how many credit cards you’ve recently opened, you can sign-up for a Credit Karma account.  It’s free and only takes a few minutes.

Here’s a step-by-step guide to using Credit Karma to count your recent card accounts.

Chase 524 Strategy
Ugh! I Can’t Wait Until Some of My Accounts Get Past the 2 Year Anniversary!

Bottom Line

Million Mile Secrets team member Keith is anxious to drop below Chase’s “5/24” card limit.  He’s planning ahead to hopefully have an opportunity apply for 2 Chase Southwest credit cards in 2018 to earn the Southwest Companion Pass.

That said, he hasn’t completely stopped applying for credit cards.  He’s earned valuable sign-up bonuses with small business cards like the Bank of America Alaska Airlines Visa Business Card®.

Remember, business cards issued by most banks do NOT appear on your personal credit report.  So they don’t count toward Chase’s “5/24” card limit.

If you’re over “5/24,” I’d love to hear your strategy.  Are you waiting to drop below or just continue to apply for cards from other banks?

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I was able to get approved for the chase Marriott personal card without calling in even though I was already at 5/24?

April/2016- CSP
August/2016- Chase Amazon prime
October/2016- CSR
December/2016- authorized of CSP
December/2017- Chase Ink preferred
January/2018- Chase Marriott personal

I was not approved for Chase Ink Business, and when I called the reconsideration Line I was told that I had too many cards opened which included my AMEX SPG Business. The rep would not confirm that Chase does not approve if you're over 5/24, only that I had too many open. They even counted the 2 cards I am an authorized user. She said she could remove those 2 but that I still had too many open (7). Feb 2019 I'll be below 5/24. From Chase, I currently have IHG personal and Southwest Business open.
Should I close or transfer SW Bus to another Chase card?...Do I get the bonus for that new card if I transfer?
Do I not apply for any new cards and wait for Feb 2019 to get a Chase card?...if so, which card should I get?
Thanks considering these questions!

This article is not correct. All the banks make a hard inquiry into your credit report.
The fact that a biz card may or may not appear in your personal report is not important.
The important factor is how many cards you OPEN during the 24 month period.
Check your Experian report to see how many cards you have opened in the last two years. This is the service Chase checks in most states.

The other two services may not provide accurate information.

Thanks for commenting! As you mentioned, Chase only counts card accounts appearing on your personal credit report. A hard inquiry doesn't count as an open account. We wrote more about that here:


so if you open/close accounts, they wont show up on that credit karma list and chase wont count them?

If you open a personal card, it will appear on your credit report. Even if you close the account, Chase will still see the date it was opened on your credit report and it will count toward your 5/24 limit.

Many small business cards do NOT appear on your personal credit report. So Chase doesn't see these, which means they don't count toward your 5 card limit.

I am way over 5/24

I try to alternate with my husband for cards so we can meet the minimum spend and stay within our 5/24..it is getting harder!

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