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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.
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
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.
Step 2. View Your Credit Report
After you’re logged-in, click “View My Report” under the “Credit Report” section.
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.
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.
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:
- Chase Freedom (Our Review of the Chase Freedom)
- Chase Freedom Unlimited (Our Review of the Chase Freedom Unlimited)
- Chase Ink Business Cash℠ Credit Card (Our Review of the Chase Ink Business Cash)
- Chase Ink Business Preferred (Our Review of the Ink Business Preferred)
- Chase Ink Business Unlimited℠ Credit Card (Our Review of the Chase Ink Business Unlimited)
- Chase Sapphire Preferred (Our Review of the Chase Sapphire Preferred)
- Chase Sapphire Reserve (Our Review of the Chase Sapphire Reserve)
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).
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!