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The Chase “5/24” Rule: Which Cards Are Affected and How Does It Work?

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The Chase “5/24” Rule: Which Cards Are Affected and How Does It Work?

Jason StaufferThe Chase “5/24” Rule: Which Cards Are Affected and How Does It Work?Million Mile Secrets Team

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Folks love Chase credit cards because they have some of the most lucrative sign-up bonuses of any bank.  But Chase also has the most restrictive rules for approving new applications.

So what exactly does the Chase “5/24” rule mean for you?  And how might it affect your credit card application strategy?

The Chase 524 Rule Which Cards Are Affected And How Does It Work
With So Many Different Credit Card Application Rules, It Can Be Hard to Know Them All

Million Mile Secret Agent Wendy asked:

I thought the “5/24” rule only applied to Chase cards.  It seems it’s not like that?

The Chase “5/24” rule only excludes certain Chase credit cards.  Most new credit card accounts (but not all of them!) will count toward your “5/24” limit.

Let’s review what exactly the Chase “5/24” rule is and how it works.

Which Credit Cards Are Affected by the Chase “5/24” Rule?

You will have a much tougher time getting a Chase credit card application approved if you have opened 5+ new credit cards from any bank within the past 24 months.  This rule applies to all of Chase’s credit cards except for the following:

Card NameSign-Up Bonus
Marriott Rewards Premier Business Credit Card75,000 Marriott points after you spend $3,000 on purchases in the first 3 months from account opening
The Hyatt Credit Card40,000 Hyatt points after you spend $2,000 on purchases in the first 3 months from account opening. Plus, a $50 statement credit after your first purchase.
British Airways Visa Signature® CardUp to 75,000 British Airways Avios points after you spend $10,000 on purchases in the first year of account opening
Ritz-Carlton Rewards® Credit Card2 complimentary nights at any Tier 1-4 Ritz-Carlton hotel after you spend $4,000 on purchases in the first 3 months from account opening
Disney® Premier Visa® Card$200 statement credit after you spend $500 on purchases in the first 3 months from account opening

So if you’re over “5/24,” you might be able to get one of the above cards.  But your approval will also depend on your credit score and several other factors.

Team member Jasmin is waiting to fall under “5/24” so she can get new Chase cards.  Here’s how to check your status.

Which Credit Cards Do NOT Count Toward Your “5/24” Limit?

Small business credit cards from certain banks will NOT show up on your personal credit report.  And those accounts will NOT count toward your “5/24” limit.  Small business credit cards from the following banks will not show up on your personal credit report:

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

Because Chase small business cards do not count toward your “5/24” status, you could apply for one while you’re under the limit and it won’t put you over.  But if you are already over the “5/24” rule, then it’s likely you won’t be approved for a new Chase small business credit card.  The one exception to that situation is the Chase Marriott Rewards Premier Business Credit Card.

That said, whether or not you’re approved for any Chase card is still up to the bank.

Bottom Line

If you’ve opened 5+ credit card accounts within the past 24 months, you likely won’t be able to get most Chase credit cards.  Although there are a few exceptions to this rule.

New personal credit card accounts from any bank will be included in your “5/24” count!  But if you qualify for a small business credit card, some of them do NOT count toward the limit.

If you are looking to open a new Chase credit card, remember, this rule is not the only factor that will affect your approval chances.

Thanks for the question, Wendy!

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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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Sorry to pop this bubble, but as a 33 year old full time business owner (S Corp) Chase DID count my credit cards.

I even went to my Chase bank and had the manager apply and vouch for me, but in personally talking to the business loan officer she said, that I had too many credit cards opened in the past 2 years and couldn’t approve me. When I countered this is for my business (and never did give them my ss #, just my IRS tax idea), she said that wasn’t true.

Does Chase still have a 2 in 24 rule on Chase cards as well? Or did the 5 in 24 rule take its place?

Million Mile Secrets

I am unfamiliar with a “2 in 24” rule. What exactly is it? Are you referring to Chase only allowing you to earn the sign-up bonus on a card once every 24 months?

I thought I rembered Chase having a policy of only issuing 2 Chase cards to an individual within a 24 month window.