What to Know About Applying for a Chase Card NOT Impacted by the “5/24” Rule

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Million Mile Secrets reader, Davidcommented:

When you say the Chase Hyatt is NOT affected by the “5/24 rule”, do you mean I can still get the card if I am over the 5/24 card limit?  Or getting this card won’t count toward my 5/24 card limit?

Excellent question!

The Chase Hyatt Credit Card is one Chase credit card NOT impacted by the bank’s tougher application rules.  This means you can still be approved for the card if you’ve opened ~5 or more credit cards (from any bank) in the past 24 months.

But because you’re opening a new card, this account WILL appear on your credit report.  And can impact your ability to get other Chase cards in the future.  Because it will count toward your 5/24 status.

If you want to avoid having new accounts appear on your credit report, I recommend applying for certain small business cards.  For example, AMEX small business cards do NOT appear on your personal credit report.  So they don’t count against you if you plan to apply for Chase cards.

Chase 5 Card Limit Exceptions
Even If You’re Over the Chase “5/24” Limit, It’s Still Possible to Earn Valuable Sign-Up Bonuses With Cards Like the Chase Hyatt Card

I’ll remind y’all which cards to consider if you’re impacted by Chase’s strict application rules.

7 Chase Cards Not Impacted by the “5/24 Rule”

Link:   Chase Travel Cards Not Restricted by the “5/24 Rule”

Link:   Rules for Chase Credit Card Approvals & What to Do About It!

It’s difficult to be approved for many Chase cards if you’ve opened ~5 or more credit cards (from any bank) in the past 24 months (excluding certain business cards).  It’s known as the “5/24 rule”.

This rule applies to popular personal and small business cards, such as the Chase Sapphire Reserve and Ink Business Preferred℠ Credit Card.

But there are data points that suggest you can still get these cards even if you’re over the 5/24 limit:

Lots of folks on the myFICO forums say they’ve been approved for the Chase Amazon Prime card despite having lots of recent new accounts.

Chase 5 Card Limit Exceptions
Folks Above the “5/24” Limit Can Still Consider the Chase Amazon Prime Rewards Visa, Which Is NOT Restricted by the Bank’s Rules

And Million Mile Secrets reader Ricky says he opened 10 new cards in a 24 month timeframe and still got an instant approval for the Chase British Airways card.

Keep in mind, just because it’s possible to be approved for these cards does NOT mean it’s a guarantee.  Chase considers multiple factors when evaluating your application.  And they can still deny your application if they feel like you’ve opened too many new accounts.

Also remember, signing-up for one of these cards means a new account will appear on your credit report.  So this will impact your ability to get other Chase travel cards in the future, depending how many recent accounts you’ve opened.

For example, let’s say your credit report shows 4 new credit card accounts in the past 24 months.  If you get the Chase IHG card, you will now be at the 5/24 limit.  So you’ll have to wait to drop below if you want other Chase cards like:

That’s why I recommend folks new to miles & points get Chase cards first!  Because the bank has some of most valuable credit cards for getting Big Travel with Small Money.

Most Small Business Cards Do NOT Count Toward Your “5/24 Limit”

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

If you’re waiting to fall below Chase’s 5/24 limit, remember many small business cards will NOT appear on your credit report.  This includes business cards issued by these banks:

  • AMEX
  • Bank of America
  • Chase
  • Citi
  • Wells Fargo

So you can still earn lucrative sign-up bonuses without impacting your ability to get Chase cards in the future.  For example, Million Mile Secrets team member Keith has exclusively been applying for small business cards recently.  This way when he drops below the 5/24 limit, he’ll be eligible to earn sign-up bonuses on popular Chase travel cards!

Bottom Line

There are 7 Chase cards NOT impacted by the bank’s tougher application rules.  Even if you’ve opened ~5 or more credit cards (from any bank) in the past 24 months, it’s still possible to get:

Keep in mind, while you’re eligible to be approved for these cards, it does NOT mean it’s a guarantee.  It’s still up to Chase to evaluate your application.  And if you open one of the personal Chase cards, it WILL count toward your 5/24 limit.

Remember, certain small business cards do NOT appear on you personal credit report.  So you can earn valuable sign-up bonuses with these cards without impacting your ability to get Chase cards.

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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