Chase 5/24 Rule: List of Cards Impacted (and Other Tips!)

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Chase 5/24 Rule: List of Cards Impacted (and Other Tips!)

KeithChase 5/24 Rule: List of Cards Impacted (and Other Tips!)Million Mile Secrets Team

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Chase offers many terrific travel rewards credit cards, like the Chase Sapphire Preferred® Card (our #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+ cards from any bank (NOT counting Chase business cards and other business cards) in the past 24 months.

I’m over the “5/24” card limit.  I’m patiently waiting to get below the limit, so I can earn valuable welcome bonuses with Chase cards I don’t already have.

Chase 5 24 Rule
Thanks to Several Chase Card Welcome Bonuses, My Wife and I Have Enjoyed Big Savings on Trips to Places Like Sydney! So We’re Anxious to Earn Intro Bonuses on More of Their Cards!

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 Chase’s 5/24 Rule Is a Big Deal

Earning welcome bonuses on Chase cards the past few years has allowed my wife and me 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 5 24 Rule
All of These Recent Accounts Have Made It Impossible for My Wife and Me to Earn 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 Plus Credit Card (no longer available).  And we can’t re-apply for Chase cards we’ve previously had to earn the welcome bonus again.

Chase’s 5/24 rule applies to nearly all of their travel credit cards.  Chase has said they plan to roll out the restriction to all their cards.  However, I’ve not seen data points on the following cards:

  • Disney® Premier Visa® Card
  • Chase Amazon Prime Rewards Visa
  • Starbucks Rewards Visa Card
  • Chase AARP

So if you’re over “5/24,” you might be able to get one of the above cards.  But your approval will also depend on your credit score and several other factors.  And you will likely NOT be able to get the following Chase cards:

The information for the Disney Premier Visa, Chase Amazon Prime Rewards Visa, Starbucks Rewards Visa Card, Chase AARP, Chase Freedom, Chase Freedom Unlimited, United MileagePlus Explorer Business Card, United MileagePlus Club Card, United MileagePlus Club Business Card, Marriott Rewards Premier Business Credit Card, IHG Rewards Club Traveler Credit Card, Iberia Visa Signature Card, and Aer Lingus Visa Signature Card has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

Examine the list of above cards and decide which perks will best suit your travel style.  Then choose the top 5 personal cards and all the small business cards you want.  Start with the small business cards, because these will NOT appear on your personal credit report, and therefoer won’t affect your 5/24 status.

In other words, you could open the Ink Business Preferred and Chase Marriott Premier Business Card and still be eligible for 5 personal credit cards from Chase.

However, you will NOT be eligible for a Chase small business card if you’ve already opened 5 personal cards in the past 24 months.

Beware the One-Card-per-Brand Rule

On top of the 5/24 rule, Chase restricts folks from opening some cards that are the same “brand.”  For example, you cannot hold both the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, because they are both “Sapphire.”  Similarly, you cannot open the Southwest Rapid Rewards® Plus Credit Card and the Southwest Rapid Rewards® Priority Credit Card, because they are both “Southwest“.

Note that this rule does NOT apply to small business cards.  So you can open all 3 Chase small business cards:

Or you can open the Chase Southwest Plus card (personal) and the Chase Southwest Premier Business Card (small business).

My main motive for getting below 5/24 is to be eligible to earn 2 Chase Southwest credit card welcome bonuses next year.  When you time it right, the bonus points from 1 personal and 1 small business Southwest card make it easy to earn the Southwest Companion Pass.

Chase 5 24 Rule
The Southwest Companion Pass Is the Most Amazing Deal! That’s Why I’m Hoping to Apply for Chase Southwest Credit Card Offers Next Year to Earn It Again!

I’ve had the Companion Pass for 3 years.  It’s saved my wife and me 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 early 2019, so it would be amazing to continue getting 2-for-1 flights!

Continue to Earn Intro Bonuses If You’re Above 5/24

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.  As long as you have a for-profit venture, like selling on Etsy, tutoring, coaching, etc., you’re eligible for valuable small business credit card welcome bonuses!

Business cards issued by American Express, Bank of America, Citi, Wells Fargo, and Chase (as I mentioned before) do NOT appear on your personal credit report.

Chase 5 24 Rule
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.  I used Alaska Airlines miles to book $35,000+ in Cathay Pacific flights for just ~$184!

But 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 welcome bonus:

The AMEX Business Platinum and Capital One Venture cards are an excellent choice for folks over 5/24. Both cards offer big welcome bonuses and earn flexible rewards. Plus, applying for the AMEX Business Platinum will NOT impact your 5/24 status because it’s an AMEX small business card.

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 myBankrate account.  It’s free and only takes a few minutes.

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

Chase 5 24 Rule
Ugh!  I Can’t Wait Until Some of My Accounts Get Past the 2 Year Anniversary!

Bottom Line

I’m anxious to drop below Chase’s “5/24” card limit.  I’m planning ahead to hopefully have an opportunity to apply for a personal and small business Southwest credit card in 2018 to earn the Southwest Companion Pass.

That said, I haven’t completely stopped applying for credit cards.  I apply for small business cards, because 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 am a few days closer to be out of 5/24! But kind of confused about “Open and Close 5 cards in the past 24 months”. So if I opened Citi AAdvantage Platinum on April 19, 2017 and closed it on April 13, 2018, does Chase count this as 2 cards? It is the same card though! Also do I have to wait until after April 19 to apply for a card or can I be done with my 5/24 on say April 1st? I have been eyeing the United Business CC for a while but the deadline for the increased welcome bonus offer is April 2, I believe. Awaiting your enlightenment.

Hi Eve!

For your Citi scenario that would only count as 1 credit card under the Chase 5/24 rule.

As to the timing, that’s a tough call. I’ve read many data points in online forums that recommend waiting until the 25th month to officially fall under 5/24.

You could try applying on April 1, and if you are declined for 5/24 it might be worth a shot to call and explain. It’s possible that a manual review might yield a better outcome.

Thanks Andrew!

I called them earlier. They said they evaluated it under months instead of dates. They also said they could not make any recommendations. So I will take your strategy.

Is it worth it to wait 24 months to open a Chase card or should I just forget about Chase cards and churn other cards?

Need some advice on the next credit card to apply for.

I got my Chase sapphire Reserve in Dec 2017 and have 94,000+ points.
However, I was unaware of travel hacking at that time and had already opened a couple of credit cards from other banks. 

so I have now 2 cards left before I go over 5/24 rule. (Also got Chase amazon prime card, but that does not count for 5/24 rule)

I usually go to 3-4 domestic trips and 1 international trip ( only flight mostly to Asia).

Which are the two best chase cards I should go with?

I did some research and came up with
– Ink Business Preferred℠ Credit Card ( Assuming, they approve me for a business card, I have a small business)
It gives 80K ultimate rewards points
– United℠ Explorer Card
It gives me 40K miles

I don’t think southwest companion pass will be that useful as I am not a frequent flier.
In case, I don’t get approved for business cards, what are other cards I should look for?

Thank you.

I have opened 5 cards in past 24 months, but closed one a month ago. Does it still count against me?

If I am currently at 5 (all personal cards) towards the Chase 5/24 rule, and it has been over 4 months since my last application/approval, can I apply (and get the bonus for) the Chase Ink Business Card ? I’m unclear as to if this particular Chase Business card counts towards the 5/24 rule. I’ve never applied for a Business card but have a small ebay business. I would love to get that 80K bonus points but, again, I’m right at 5. Thanks.

Hi Mark!

Unfortunately, it sounds like you would not be eligible for the Chase Ink Business Preferred card because of your 5/24 status.

If you opened 5 or more personal credit cards from all banks combined in the past 24 months (and they all reported to your personal credit report), it is highly unlikely you could get approved for a Chase card.

There are a few Chase cards though that are NOT subject to 5/24. Meaning you could still be approved even if you are over 5/24:

https://millionmilesecrets.com/guides/chase-5-24-rule-2/

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