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Chase 5/24 rule: What you need to know and how to develop a Chase credit card strategy

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Chase 5/24 rule: What you need to know and how to develop a Chase credit card strategy

Joseph HostetlerChase 5/24 rule: What you need to know and how to develop a Chase credit card strategyMillion Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

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

If you map out a strategy ahead of time, you can get most of the Chase cards you want without these restrictions affecting you too profoundly. But if you begin applying for Chase cards willy nilly, you may sabotage yourself from earning literally hundreds of thousands of points. I’ll explain why!

The Maldives is one of the many places Chase Ultimate Rewards points can take you, but you’ll have to be under the Chase 5/24 rule to apply for those cards. (Photo by Invisible Witness/Shutterstock)

What is the Chase 5/24 rule?

Chase will not approve you for most of their cards if you’ve opened five or more cards from any bank (not counting certain business credit cards) in the past 24 months. This restriction is known as the Chase 5/24 rule.

For example, let’s say you’ve opened:

  • One Citi and one Bank of America credit card 23 months ago
  • One Chase card 21 months ago
  • Two Amex credit cards 15 months ago
  • One Discover card five months ago

Your future applications will be restricted by the 5/24 rule. You’ve opened six cards in the past 24 months, and chase won’t approve you for most of their cards. However, in one month, one Citi card and one Amex card will “fall off” your 5/24 count. You’ll then be eligible to open one of the best Chase credit cards again.

Which accounts and cards add to your Chase 5/24 status?

Earning Chase credit card welcome bonuses is one of the best ways to travel in style for a fraction of the normal cost. Chase issues many of the best credit cards for travel, including the card’s that earn Chase Ultimate Rewards points which transfer to more than a dozen travel partners.

Chase’s 5/24 rule applies to all of its credit cards. The below cards count against your 5/24 status — and if you’ve applied for more than five cards in the past 24 months, you aren’t eligible to open them, either:

*The information for these cards has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

Note: If you’re targeted for special offers, like improved bonus offers through snail mail, you can usually be approved for them, even if you’re over 5/24.

Additionally any personal credit card from any other bank will count toward your Chase 5/24 count. This includes most store cards, too. If it’s a Visa, MasterCard, American Express, etc., it will count against the Chase rule. If it can only be used inside the store, the card won’t count against you.

If you are an authorized user on a credit card, it will be reported on your credit report — so it will count against the Chase 5/24 rule. But you can call the Chase reconsideration line and try to explain the situation if it’s hampering your credit card application strategy. Readers report mixed results in getting their applications approved if they’re an authorized user on someone else’s accounts.

Do business cards cards count towards 5/24?

You may have noticed no business cards in the above list. How astute of you!

Yes, the Chase 5/24 rule doesn’t count small business cards from the following banks:

  • American Express
  • Bank of America
  • Barclays
  • Chase
  • Citi
  • U.S. Bank
  • Wells Fargo

There are a couple banks that DO report business cards, however:

  • Capital One
  • Discover

Amazingly, you can apply for Chase business credit cards without affecting your Chase 5/24 count. You could open five Chase business cards and Chase will still let you open five personal credit cards.

However, you will not be eligible for a Chase small business card if you’ve already opened five or more personal cards in the past 24 months. In other words:

  • If you’ve opened four personal cards in the past 24 months (4/24), you could open as many Chase small business cards as you want and still be considered 4/24
  • If you’ve opened five cards in the past 24 months (5/24) you cannot open any Chase small business cards

Of course, your approval will still depend on your credit score and several other factors. We suggest you start with the small business cards, because these will not appear on your personal credit report and therefore won’t affect your 5/24 status.

Other Chase application rules

On top of the 5/24 rule, Chase has a few other rules that apply to specific cards.

Only one Sapphire credit card

Once upon a time, it was possible to apply for and carry both the Chase Sapphire Preferred and the Chase Sapphire Reserve. However, that is no longer the case. New cardmembers may carry only one card in the Sapphire family of products. Also, you are not eligible for another Sapphire card if you’ve earned a welcome bonus from any Sapphire card in the past 48 months.

So choose wisely when it comes to a Sapphire credit card. Here’s a post comparing the Sapphire Preferred and the Sapphire Reserve.

24 months between welcome bonuses 

Although you can earn a welcome bonus on the same Chase credit card more than once, you are only eligible to do so on most cards if it has been at least 24 months since you last earned the bonus.

The Sapphire products are an exception to this rule, as they have a 48-month time frame.

Max two cards per 30 days

Many banks do not like to approve borrowers for multiple credit cards in a short time frame because they like to see how you handle the first card before granting you more credit. According to many reports online, it is not possible to be approved for more than two Chase credit cards in a 30-day time frame. Even then, many people said that the second application required them to call into Chase to explain the reasons why they wanted multiple cards in such a short time frame.

If you decide to go this route, it’s best to ensure you have a good credit score to improve your chances of landing approvals. Here are some Chase credit card approval tips.

Only one Southwest personal credit card 

Earning an intro bonus on a Chase Southwest credit card currently still counts toward the 125,000-point requirement to qualify for the Southwest Companion Pass. It’s one of the best deals in travel because it lets a friend or family member travel with you for free whenever you fly Southwest (not counting a small amount paid for taxes and fees).

One popular method for qualifying for the companion pass has been to earn the intro bonus on two Southwest credit cards. However, Chase only allows you to carry one of the following personal Southwest cards at a time:

You could apply for a business Southwest card first (so that it doesn’t impact your 5/24 count), then follow-up with a personal Southwest application to earn the remainder of the points needed to qualify for the Southwest Companion Pass. There are two Southwest business cards, Southwest Rapid Rewards® Performance Business Credit Card and the Southwest Rapid Rewards® Premier Business card.

The information for the Southwest Performance Business card and Southwest Premier Business 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.

Chase credit card strategies

So now that you know what the rules are and have identified which cards you want, how should you strategize? Map out your planned order of applications, keeping in mind the application rules listed above to ensure each subsequent application has the best chance of approval.

Here are a few other strategies to consider.

Chase credit cards are great for earning points to redeem for luxury stays at Hyatt hotels, like the Park Hyatt St. Kitts. (Photo by EQRoy/Shutterstock)

Prioritize cards which maximize rewards based on your daily spending

Travel or eat out a lot? The Chase Sapphire Reserve® might be a good option because it earns 3x points on travel and dining at restaurants. What if you’re looking for a good all-around card? The Chase Freedom Unlimited® might be your best bet because you’ll earn 1.5% cash back on all purchases.

And don’t forget about the welcome bonuses. Most Chase cards also offer a valuable intro bonus to quickly boost your Chase points balance.

Apply for cards with high welcome bonuses

If you have a trip coming up soon, and you’d rather not pay cash for it, another strategy is to prioritize Chase credit cards which have a particularly strong welcome bonus. For instance, the Ink Business Preferred Credit Card has a welcome bonus of 100,000 Chase Ultimate Rewards points after you you spend $15,000 on purchases in the first three months your account is open. That’s worth at least $1,250 redeemed through the Chase travel portal and potentially more if transferred to Chase’s travel partners, which is one of the best ways to use Chase points.

Based on what most people share in online forums, Chase typically posts their welcome bonuses within 30 days of completing the spending requirements, so just be sure you allow enough time for the points to post if you have an upcoming trip you’re waiting to book.

The information for the Ink Business Preferred has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

Target cards with relevant travel perks

Chase has a number of cards that offer some pretty amazing benefits. The Chase Sapphire Reserve®, for instance, offers cardmembers airport lounge access. If you’re the type of person who absolutely hates waiting in the busy chaotic environment of an airport terminal, this could be the card for you. Or perhaps you hate waiting in long lines. TSA PreCheck or Global Entry can help, and the Chase Sapphire Reserve® is one card that can reimburse you for these application fees (up to $100).

You could also open a hotel credit card to get perks at a specific hotel chain, for example the Marriott Bonvoy Boundless™ Credit Card comes with 15 elite night credits every year and a reward night at a hotel costing up to 35,000 points every year you renew the card.

Over 5/24? Apply for business cards first 

To avoid opening new rewards credit cards that count toward Chase’s 5/24 limit, you can strictly apply for certain small business credit cards. As long as you have a for-profit venture, like selling items on eBay, tutoring, coaching, driving for Uber and even something like dog-sitting, you can qualify for small business credit card welcome bonuses.

Business cards issued by American Express, Bank of America, Citibank, Wells Fargo, Chase and (sometimes) Barclays do not appear on your personal credit report. So there are still plenty of great opportunities for you to earn travel rewards while working to get under 5/24. For example, the Alaska Airlines Visa® Business credit card earns extremely valuable Alaska Airlines miles that you can use to book award flights on partner airlines like Cathay Pacific.

But depending on your travel goals, you could also consider other cards if you’re over 5/24 and still want to earn a new card member welcome bonus. You could earn Amex Membership Rewards points with a card like The Business Platinum Card® from American Express.

A business card for each business you run

A little-known fact is that if you run different companies, you can apply for the same business credit card for each of them. So for instance, you could have multiple Chase Ink business cards if  you run three separate businesses. Alternatively, you could apply for multiple business cards for a single company you run.

Not only is this a great way to keep your business expenses separate, but it also lets you continue earning the valuable welcome bonuses available on Chase’s Ink business credit cards:

The information for these cards has been collected independently by Million Mile Secrets. The card details on this page have not been reviewed or provided by the card issuer.

Bottom line

If you’re over the Chase 5/24 limit, you don’t have to completely stop applying for credit cards. You can 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.

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

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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If you apply for a small business credit card but don’t have a tax identification number, you have to apply with your social…does that mean that it will ding your credit and count towards the 5/24 rule? I use eBay as a business but don’t use a tax identification number…what should I do?

Hi Cody,

They can pull your personal credit report, but it won’t count towards 5/24 (Chase business credit cards don’t count towards the 5/24 count). So you can absolutely still apply with your SSN.

Ugh, I forgot to double check which banks’ business cards don’t count toward 5/24, and we have opened 2 US Bank Cash Rewards World Elite Mastercard cards in the last year while waiting to get back under 5/24!
As far as you know, will they count?

I have two different businesses. Can I get the bonus if I apply the same business card, say Chase Business Preferred, for both businesses? Not at the same time. Any comments?

What is the welcome bonus time limit on Chase business credit cards if you have already received the welcome bonus before and gotten rid of the card? I know for personal Sapphire and Southwest cards you can only get the welcome bonus every 48 months, used to be 24. Are the business cards 24 months? They do not state anymore in the fine print terms anymore.

Hi Shay,

I’m only aware of the Sapphire products having the more restrictive 48 month waiting time frame to earn another bonus. All of their other cards (as far as I’m aware) have a 24 month time frame.

Bill from Maine

“If you’re over the Chase 5/24 limit, you don’t have to completely stop applying for credit cards.” That’s correct. With United and Lufthansa changing the redemption rules, the Sapphire and United cards become less valuable. Marriott is awash with devaluation. So yes, it’s true. You don’t have to stop. Do what I’ve done.

I have gone over to Amex, Citi and Barclay’s and accumulated lot’s of points and miles in other programs while Chase has earned a spot in my sock drawer.

If Chase want’s to have a 5/24 rule with Chase cards, I can live with that. But there are other programs that I also like. With Chase they penalize you for thinking that way. No thanks.

I agree Bill,
I made mistake of not knowing about rules before started applying. Now I’m locked out until Jan 2021, but I’m not very concerned seeing how CHASE devalues or makes more expensive their cards, while other Banks sweetening the deals and adding protections and benefits. Yes CHASE was the best for a long time, but it lost its luster in past few months and recent increase of CSR’s AF to $550 can already see effects of what people think of CHASE now. I will not wait for CHASE for sure… My own AMEX Trifecta – AMEX Gold, AMEX Bonvoy Brilliant and AMEX Business Bonvoy make more sense for me anyways. And I’m not in hurry to get AMEX Platinum until they add another multiplier useful for my spending habits. There is a life without CHASE.

I was under the Chase 5/24 rule having opened 4 cards in the past 24 months. So, anticipating some travel to the UK I applied for the Aer Lingus card in December 2018 and was denied w/o explanation. Is there a way to determine AHEAD OF TIME if your application will be approved/denied. In other words, will Chase respond to telephone inquiries regarding new applications?

Hi James,

I don’t think any bank will give you a decision without having a formal application. At the very least they’ll need to pull your credit report, which they can’t do without your authorization on the credit card application.

We have a recent post below which has approval tips. You can also call for reconsideration. The article talks about the Chase Freedom, but it’s still solid advice for credit card applications in general:

https://millionmilesecrets.com/guides/chase-freedom-approval-tips/

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