Rumor: Chase “5/24 Rule” Contaminating More Cards, According to New Data Points – Update Your Credit Card Application Strategy NOW

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Rumor: Chase “5/24 Rule” Contaminating More Cards, According to New Data Points – Update Your Credit Card Application Strategy NOW

Joseph HostetlerRumor: Chase “5/24 Rule” Contaminating More Cards, According to New Data Points – Update Your Credit Card Application Strategy NOWMillion Mile Secrets Team

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The oppressive Chase “5/24 rule” is spreading to more credit cards…

This news affects whether or not you can earn some of the most unbelievably valuable sign-up bonuses in the world of miles & points.  If you don’t want changes like this to catch you off-guard, you can follow our newsletter to stay up to date.

Chase issues many terrific travel rewards credit cards, like the Chase Sapphire Preferred Card (our #1 card pick for beginners).  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.

Now, a bunch of data points indicate that The World Of Hyatt Credit Card is now affected by the Chase “5/24 rule”.

You Can Use Hyatt Points to Stay at Hotels in Gorgeous Locations, Like the Hyatt Regency Waikiki

The World of Hyatt Card is one of the best Chase cards, in my opinion.  Hyatt is the favorite hotel chain of most Million Mile Secrets team members!  They have excellent hotels for a reasonable amount of points.

The card comes with up to 60,000 bonus Hyatt points after meeting tiered minimum spending requirements.  That’s a TON of points, potentially worth hundreds and hundreds of dollars.  For example, I used 20,000 Hyatt points for a night at the Hyatt Regency Waikiki last year (which would have cost $400+ per night).

If you’re new to this hobby and you are interested in this card, BE SURE it’s one of your first 5 credit card applications.  And if you’re a miles & points veteran, here’s how to check your “5/24” status so you know when you re-qualify for this card.

Again, we can’t say for CERTAIN that the Chase Hyatt now falls under the “5/24 rule”.  But it appears that way.  And it’s better to be safe than sorry!

Note:   You can also earn tons of Hyatt points by transferring Chase Ultimate Rewards points to Hyatt from cards like the Ink Business Preferred Credit Card (which is also subject to the “5/24 rule”).

There are still a few good Chase cards that do NOT yet appear to be affected by this rule, like the British Airways Visa Signature Card and the IHG Rewards Club Premier Credit Card.  But we shouldn’t be surprised if Chase adds those to the “5/24” list.

Do you have any data points of being denied or approved for The World of Hyatt card with respect to the Chase “5/24 rule”?  Let me know in the comments!

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The World Of Hyatt Credit Card

The World Of Hyatt Credit Card

  • Earn up to 60,000 Bonus Points - 40,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn an additional 20,000 Bonus Points after you spend a total of $6,000 on purchases within the first 6 months of account opening - free nights start at 5,000 points
  • Earn 9 points total per $1 spent at Hyatt - 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
  • Plus, earn 2 Bonus Points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships
  • Receive 1 free night every year after your cardmember anniversary at any Category 1-4 Hyatt hotel or resort
  • Earn an extra free night at any Category 1-4 Hyatt hotel or resort if you spend $15,000 during your cardmember anniversary year
  • Get automatic World of Hyatt Discoverist status for as long as your account is open and 5 qualifying night credits toward your next tier status every year
  • Earn 2 qualifying night credits towards your next tier status every time you spend $5,000 on your card

More Info

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I have been declined for the chase Hyatt due to the 5/24 rule.

Bummer! Being a huge fan of Hyatt, I’m telling myself I’ll have to apply for the card tonight before my new AMEX Gold reports. Otherwise, it’ll be another 6 month wait before I fall below 5/24.

Just got denied the Hyatt card because of 5/24 and I am SO SAD, one of my favorite cards and I just cancelled it like six weeks ago so I could get the bonus again. I’M SO SAD!!

Bad advice, get the Chase business cards first, since they won’t count against your 5/24, THEN get a personal card like the Hyatt.

Leah @ The Frugal South

I got approved for the Hyatt card in August and I am well over 5/24. Just another data point and was several months back but thought I would share!

Awesome! Thanks for sharing Leah! It sounds like you may have gotten in before they started making the changes

In my personal experience, Chase is super strict with its 5/24 rule. However if you have over 5 newly opened cards but some of them are business cards (they don’t count towards the 5), Chase would still likely to approve you for additional cards. It is when your personal cards reach 5, they start to be very strict, even when you are trying to apply for business or other cards with them that don’t count towards 5/24. I’ve tried three times applying for the Ink category (I’ve had my Ink Biz Prefer to a second year now) after I was over 5 and each time they told me that the reason they wouldn’t approve me was because of the 5/24 rule. And I know for a fact, Chase won’t approve me until my first personal card hit the 24 months threshold.

Wanted to go for this card but I have to get a Sapphire first. Unless there is a way to dd with these two…

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