Signing-up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.
Million Mile Secrets reader Lafayette @DCowboys4lyfe72 tweeted:
I have 4 Chase cards. If I cancel 2 of those cards, will it help my chances of being approved for 2 new cards from Chase?
Thanks for the question, Lafayette!
You do NOT have to close Chase cards to get new ones. Because Chase usually considers the total amount of credit they’ve extended to you, not the number of cards you have.
Just remember, Chase now has stricter approval rules. So if you’ve opened ~5 or more credit cards from any bank (excluding certain business cards) in the past 24 months, it’s unlikely you’ll be approved for most Chase cards.
Here’s more about Chase’s approval rules. And how closing cards can affect your credit score.
Cancelling Chase Credit Cards
So I’m not surprised Lafayette is trying to increase his chances of being approved for new Chase cards!
But he does NOT need to close his Chase cards in order to get new ones. Because in general, Chase is more concerned with the amount of credit they’ve given you, not the number of cards you have.
Some card issuers limit the total number of cards they’ll approve you for, like American Express, which has an unofficial limit of 5 AMEX credit cards per person.
A friend of mine has 7 Chase cards!
And often, Chase is willing to reduce your credit line on an existing card to give you credit on a new card.
When deciding whether to close cards, you should also consider how it will affect your credit score. And you shouldn’t close cards too soon after you’ve received the sign-up bonus.
Closing cards (especially ones without annual fees!) might not be great for your credit score, either. Because it will increase your credit utilization and decrease the average age of your accounts.
Great Cards From Chase
Folks might be especially interested in these Chase cards right now because of their sign-up bonuses, bonus categories, and perks:
Chase Sapphire Preferred
With the Chase Sapphire Preferred:
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®.
Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.
Chase Ink Plus
With the Ink Plus card:
Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
Earn 5 points per $1 in select business categories.
Chase Southwest Cards
Right now, you can earn 50,000 Southwest points on all 3 Chase Southwest cards when you spend $2,000 on purchases within the first 3 months of opening your account.
Getting 2 of these cards is the easiest way to earn (almost) enough points for the Southwest Companion Pass!
Chase IHG Card
The current sign-up bonus on the Chase IHG Rewards Club Select Credit Card is a good deal:
Earn 60,000 bonus points after you spend $1,000 on purchases in the first 3 months of account opening.
With the Chase Freedom card, you’ll:
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
Here’s my review of the card.
Chase Freedom Unlimited
You’ll earn $150 (15,000 Chase Ultimate Rewards points) after you spend $500 on purchases in your first 3 months from account opening.
But instead of 5X rotating bonus categories you must register for, you’ll automatically get unlimited 1.5% cash back on every purchase.
Here’s my review of the Freedom Unlimited.
And don’t forget to check the Hot Deals page for the latest offers!
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 they’re usually willing move part of an existing credit line to a new card.
Thanks again for the great question Lafayette!