Rumors Holding True – Chase Hyatt, British Airways, and Other Cards Now Appear to Be Subject to the “5/24 Rule”

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Rumors Holding True – Chase Hyatt, British Airways, and Other Cards Now Appear to Be Subject to the “5/24 Rule”

Joseph HostetlerRumors Holding True – Chase Hyatt, British Airways, and Other Cards Now Appear to Be Subject to the “5/24 Rule”Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

The Chase “5/24 rule” affects many of the BEST credit cards in the miles & points hobby.  If you don’t understand this rule, read this post.  5 minutes of reading will help you to get HUGE travel.

Chase offers loads of valuable travel rewards credit cards, like the Ink Business Preferred℠ Credit Card (our #1 card pick for small businesses).  But they will NOT approve you for most of their cards if you’ve opened 5+ cards from any bank (NOT counting Chase business cards and certain other business cards) in the past 24 months.  So if you hastily set out on a credit card application spree without a game plan, you could delay your opportunity to receive fantastic Chase sign-up bonuses by YEARS!

This rule was previously NOT enforced on all cards.  But the data points are piling up, and it appears to be affecting all the travel cards Chase issues…

Valuable Chase Cards Like the British Airways Visa Card Looks Like They’re Now Also Falling Under “5/24”

Until recently, you could still open cards like The World of Hyatt Credit Card and British Airways Visa Signature® Card even if you had opened more than 5 cards in the past 24 months.  But it now looks like Chase is cracking down on those cards.  And possibly others, like the IHG® Rewards Club Premier Credit Card and other Avios points earning cards!

It’s a safe bet that Chase is nearing completion of its plan to put all its cards under this rule.  That means you need to decide which Chase personal cards you want most, and apply for them first.  There will likely no longer be exceptions.

Then once you have the Chase cards you want, you can start checking out the other best credit cards for travel.

Note:   Chase does NOT count small business cards against the “5/24 rule”.  So if you apply for Chase or AMEX small business cards, you can still apply for 5 Chase personal cards!  Just remember that if you have applied for 5 personal cards within 24 months, you will NOT be eligible to open Chase small business cards.

What’s your credit card application strategy now that these rules are becoming tighter?

Hat tip:   The Points Guy

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Ink Business Preferred℠ Credit Card

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  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
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  • $95 Annual Fee

More Info

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Can you clarify? Is is 24 months from when card was 1st approved, from when bonus from that card was posted ( after required spend) or from when card cancelled?
Thanks.

i AM way over the 5/24 and yet I was approved for the Chase IHG Rewards Club Premier last month.

there’s a world of difference between applying for a card last month and applying for the same card yesterday. Last month, the new rule wasn’t in place. Congratulations on getting it before Chase slammed that door shut.

I was denied yesterday for air Linguis card, reason they gave was too many cards opened in last 2 years, so it sounds like the 5/24 was enforced on this card.

“Appears to be…”, “Safe bet….” curious as to why you just simply don’t call CHASE and find out the facts and how and why they implement the “5/24” rule.

Because 5/24 is an internal rule at Chase. It’s not something they discuss with customers. It’s only when a bunch of us starts reporting a data point that we find out if a new rule has been implemented by any of the banks.