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

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

JasonGo-To Guide With 4 (Easy!) Steps to Check Your “5/24” StatusMillion Mile Secrets Team

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Chase has some of the best miles & points credit cards around!  Like our top choice for beginners, the Chase Sapphire Preferred® Card, and our #1 small business credit card, the Ink Business Preferred℠ Credit Card.

But Chase also has one of the more confusing application restrictions – the “5/24 rule.  So it’s crucial to understand how this rule could impact your quest for Big Travel with Small Money.

Many Chase Cards Offer Fantastic Sign-Up Bonuses, Which You Can Use to Save Lots of Money on Trips to Unreal Destinations Around the World!

Million Mile Secrets reader, Fran, emailed:

I’m having trouble figuring out how many credit cards I’ve opened in the past 2 years.  I want to know so I can apply for a Chase card soon.  Does the “5/24” rule include cards that were canceled?

Thanks for the question, Fran!

With Chase’s tough application rules, it’s unlikely you’ll be approved for most of their cards if you’ve opened 5+ cards from any bank (NOT counting Chase business cards and these other business cards) in the past 24 months.

And canceling a card will NOT help get you below the “5/24” limit.  Because any credit card you’ve opened in the past 2 years counts, regardless of whether or not it is currently open.  This includes credit card accounts you are an authorized user on.  But sometimes folks have had success calling and getting Chase to not count those accounts.

Just keep in mind, some Chase cards which are NOT impacted by the bank’s stricter application rules.

To see how many credit cards you’ve opened, I recommend using myBankrate.  It’s free and easy!

How to Check Your Chase 5/24 Status

Link:   myBankrate

You need a myBankrate account to use the site.  It’s free to create and only takes ~2 minutes!  During sign-up, they’ll ask you a few questions to confirm your identity.

The myBankrate site uses information from your TransUnion credit report.  But it doesn’t matter which credit bureau they use because new personal credit cards will show up on reports from all 3 credit bureaus (Equifax, Experian, and TransUnion).

Step 1.   Log-In to myBankrate

After creating an account, you’ll need to log in.  First, from the myBankrate homepage, enter your email address and password, then click the “Sign In” button.

You Can Sign In or Set Up Your Account From the myBankrate Homepage

Step 2.   View Your Credit Report

After you’re logged-in, click “View My Report”  under the “Credit Report” section.

Next Click “View My Report”

Step 3.   Count the Number of Open Card Accounts

Now, make sure All Accounts is selected from the “Show” drop-down menu.  You’ll then see a list of all your credit card accounts.  As you scroll down, you’ll be able to see each account’s opened date.  That’s the date you’ll need to check to get your “5/24” count.

Now, Count the Number of Cards You’ve Opened in the Past 24 Months

Keep in mind, if you’ve opened a card in the last ~30 days, it may NOT show up on your credit report.

If you have NOT canceled any cards in the past 24 months, you’re all done.  But if you have, you’ll want to follow the next step to make sure you’re counting all of the cards you recently opened.

Step 4.   Be Sure to See If Any Closed Accounts Impact Your “5/24” Limit

Remember, even if you canceled a card that was opened in the past 24 months, it still counts toward the Chase “5/24” limit.  To check when you opened your canceled cards scroll down to the “Closed Accounts” section.

You’ll Need to Account for Any Cards You’ve Closed Recently, Too!

The details will show you when the closed card was opened.  If it’s been less than 2 years, you’ll have to include this in your card count to determine whether you’re likely to be approved for a new Chase card or not.

Chase’s Application Rules Means You Should Get Their Cards First!

Because it’s tougher to get Chase cards, I recommend applying for their cards first.  Specifically, I recommend applying for cards that earn valuable Chase Ultimate Rewards points.

Here are the top Chase cards I recommend:

Note:   Chase now restricts folks to only having one Sapphire card at a time.  For example, if you have the Chase Sapphire Reserve, you won’t be able to open a Chase Sapphire Preferred card (or vice versa).

Bottom Line

If you’re looking to check how many credit cards you’ve recently opened, I recommend using myBankrate.  It’s free and easy to use.

It’s important to know how many cards you’ve opened if you plan to apply for Chase credit cards.  Because 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 these other business cards) in the past 24 months.

This is why my recommended card strategy for beginners is to apply for Chase cards first!  With cards like the Chase Sapphire Preferred and Chase Ink Business Preferred, you can earn big sign-up bonuses and save lots of money on travel!

If you liked this post, why don’t you join the 36,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

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®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • 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
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

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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Thank you – I didn’t know about Bankrate’s easy user interface.

I haven’t been able to find information on whether gasoline charge cards are counted? My Exxon card did not have a Visa, Mastercard or Amex logo and could only be used at an Exxon or Mobil station. So will this card be counted against my 5/24?

Just use Credit Karma…

What about authorized user accounts? I thought those should not count towards the 5/24 rule.

Hi Alex, so Chase does count authorized user accounts in 5/24 if they show up on your personal credit report. But there are reports online from others who have called Chase and had them disregard those authorized user accounts.

Ryan Burglehaus

Anyone else having trouble with the myBankRate site? Form won’t submit. Keeps saying there’s an error and to try again. Then when it does go through, I get a Page Cannot Be Found error.

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