Do You Need to Close Your Current Chase Credit Cards to Get New Ones?

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Do You Need to Close Your Current Chase Credit Cards to Get New Ones?

Million Mile SecretsDo You Need to Close Your Current Chase Credit Cards to Get New Ones?Million Mile Secrets Team

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Million Mile Secrets reader JRog @jcrew24 tweeted:

Should I get rid of 1 of my existing Chase cards in order to be approved for other Chase cards?  I currently have 2 Chase Southwest cards and could close 1 of those accounts.

Great question, JRog!

Chase usually considers the total amount of credit they’ve extended to you, NOT the number of cards you have.  So you do not have to close Chase cards to get new ones.

Plus, closing cards can impact your credit score!  Although sometimes it might make sense to close a card, especially if it has an annual fee you don’t think is worth it.

Do You Need To Close Your Current Chase Credit Cards To Get New Ones
Chase Has Some of the Best Miles & Points Cards Available, to Use for Flights and Hotel Stays Around the World. You Could Visit Alaska With the Chase Ultimate Rewards Points You Earn With Certain Chase Cards!

I’ll show you how closing cards can affect your credit score.  And explain more about Chase’s stricter rules, to help improve your odds of being approved for other Chase cards.

Closing Chase Credit Cards

With the new Chase Sapphire Reserve card, it’s no wonder folks are asking us how to increase their chances of being approved for Chase cards.

Chase offers some of the best miles & points cards.  And you can get award flights, free hotel stays, or lots of flexibility, depending on which cards you choose.

Some card issuers, like American Express, limit the total number of cards they’ll approve you for.  But Chase is more concerned with the amount of credit they’ve given you, not the number of cards you have.

So, JRog does NOT need to close 1 of his Chase Southwest cards to be approved for new Chase cards!  Because Chase can often move credit from an existing Chase card to a credit line on a new card.

But keep in mind, because of Chase’s stricter approval rules, if you’ve opened more than ~5 credit cards (except these business cards) within the past 24 months from ANY bank, it’s unlikely you’ll be approved for most Chase cards.

Also, there’s almost no reason to ever close a no-annual-fee Chase card, like the Chase Freedom, because you can offer to move part of the credit line from that card to a new card, in case you aren’t approved immediately.  And it doesn’t cost a thing to keep the card forever. 😉

Do You Need To Close Your Current Chase Credit Cards To Get New Ones
You Don’t Have to Cancel Existing Chase Cards to Be Approved for New Ones!

JRog should also consider how closing a card might affect their credit score.  Because closing cards will increase your credit utilization and decrease the average age of your accounts.  This could cause your score to drop.

Do You Need To Close Your Current Chase Credit Cards To Get New Ones
According to, 15% of Your Score Is Based on the Length of Your Credit History. So Closing Cards Could Negatively Affect Your Credit Score!

And you shouldn’t close cards too soon after you’ve received the sign-up bonus either.

In fact, I like to keep a card ~10 months and then decide if the card is worth the annual fee.  Because this helps establish a good relationship with the banks.

And many cards offer perks like free checked bags and free hotel nights for keeping the card open.

Great Chase Cards

JRog wants to add a Chase card.  I think we all do because of all their hot deals recently!

Here are my favorite current Chase offers:

And don’t forget to check the Hot Deals page for the latest offers!

Bottom Line

You do NOT have to close Chase cards you already have in order to be approved for new ones.

Because Chase is more concerned with the total amount of credit they’ve given you.  And often times, they can move part of an existing credit line to a new card.

Just remember, because of Chase’s stricter approval rules, it’s unlikely you’ll be approved for most Chase cards if you’ve opened more than ~5 credit cards (except these business cards) within the past 24 months from ANY bank.

So you’ll need to plan ahead when applying for new Chase cards!

Thanks again for the question, JRog!

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Long time, no comment.

I would only disagree on the closing a Chase card not making sense. Since Chase has tightened its rules, although they still market aggressively, I think closing a Freedom card might be a good thing if one has too many Chase. Since, as you mentioned, one can usually transfer CLs across Chase card lines, in my view it makes sense to jettison dead weight by closing a card that doesn’t have worthwhile benefits, like no travel rewards.

I have done that recently after seeing TOO many open cards. Didn’t lose any CL portion by simply reapportioning CL amounts to other cards before the closure.

I remember the days when banks would not approve a card and state the reason as follows: “Too many open accounts”. As November approaches, it’s hard to know what the banks will do. Could be an era of credit tightening approaching again.

Anyway, thanks. You guys do great work. Congrats on your 5 years of success. Cheers! 🙂

I had waited 2 weeks pending 30 day review and decided to call the Chase reconsideration line to see if they needed more information. Turns out that they had extended all the credit they were willing to over my other five Chase cards. I only needed to reallocate my credit line on one of my accounts to get approved for the CSR!

@miles right you need to cancel one to get another identical one and your next round of bonus can not be less than 24 months from the previous round of bonus.


you applied for IHG card = you travel = annual fees on IHG is OK since you get a very decent IHG night as anniversary bonus. IHG is one of my 9 chase cards until I decide to get on another round of IHG new card signup bonus.

“So I will not play ball with Chase” that is not wise. On the contrary, plan around to get the best and most from Chase. Last I heard British Airways is NOT subject to 5/24 rule. Neither are Chase other hotel cards..

@jagi : Most Chase Reps know little about the 5/24 rules. Last May, not sure if the 5/24 rule already went into effect, Chase rep urged My wife to close British Airways (merged released credit with IHG) and Give up AU on my freedom before HE put in application for Sapphire Preferred. The application was rejected due to the 5/24 rule of course.

I was about 20/24 ( way over 5/24) and I went to Chase branch to see if by any chance I was preapproved. I was shocked to receive the biggest Chase Gift ever. I was approved. FYI, I don’t have Private Client status neither I was on Premier Checking status ( 15000 balance) etc..

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