Applying for credit cards to travel more comes with all kinds of considerations, from protecting your credit score to navigating different banks and mastering all the different points and miles out there.
Chase is one of the titans of the world of points and miles, and it has one of the most important restrictions to keep in mind. It's called the Chase 5/24 Rule, and it means you may get denied for new Chase credit cards depending on how many credit cards you've already opened recently.
We'll run you through the basics of this rule, how it works, and why it means you should prioritize getting Chase credit cards before looking to other banks if you're getting started in this world of travel rewards.
- What is the Chase 5/24 Rule?
- What Chase Credit Cards are Affected by the 5/24 Rule?
- Chase 5/24 Rule Frequently Asked Questions
- Chase 5/24 Rule: Bottom Line
What is the Chase 5/24 Rule?
The Chase 5/24 rule is a hard and fast restriction rolled out years ago in order to limit card applicants from opening credit cards for the sole purpose of earning the bonus rewards.
Here's what it boils down to:
- If you have opened five or more credit cards in the past 24 months from any bank (not just Chase cards), you will not be approved for most Chase credit cards, regardless of your credit score or history with Chase bank.
- The rule does not count credit inquiries, but rather card products you have applied and been approved for.
So if you have opened five or more new credit cards in the past 24 months, you will likely not be approved for Chase credit cards that are subject to the 5/24 rule. As you'll see, nearly all of Chase's personal credit cards fall under this rule … at least until recently, as it seems some co-branded Chase cards no longer fall under the Chase 5/24 rule.
Chase isn't just looking at your history with Chase cards to make this determination: Personal credit cards from any bank will add to your 5/24 count.
The rule is not officially published through any of Chase's platforms. Case in point: If you ask about it in a Chase branch, employees have likely not heard of it.
What Chase Credit Cards are Affected by the 5/24 Rule?
For years, all Chase credit cards have been impacted by the Chase 5/24 rule. So if you're over that threshold, you will not be approved for any of these cards.
Below is the current list of credit cards that are impacted by the 5/24 rule. If you have been approved for five or more cards in the last 24 months, you likely won't be approved for any of these cards.
- Aeroplan® Credit Card
- Chase Sapphire Preferred® Card
- Chase Sapphire Reserve®
- Chase Freedom Flex℠
- Chase Freedom Unlimited®
- Chase World of Hyatt Credit Card
- World of Hyatt Business Credit Card
- IHG® Rewards Club Premier Credit Card
- IHG Travelers Credit Card
- Chase Ink Business Preferred® Credit Card
- Chase Ink Business Cash® Credit Card
- Chase Ink Business Unlimited® Credit Card
- United Gateway℠ Card
- United℠ Business Card
- United℠ Explorer Card
- United Quest℠ Card
- Chase Starbucks Card
- Chase Slate
- Chase British Airways Card
- Chase Iberia Card
- Chase Aer Lingus Card
- Chase Ritz-Carlton Card
- Chase Disney Card
- Chase AARP Card
What Cards Are Not Impacted by the Chase 5/24 Rule?
Over the past few weeks, there has been a lot of talk and supporting data points around the points and miles community that some Chase credit cards may no longer be impacted by the 5/24 rule.
That would mean that it is still possible to get approved for a handful of cards even if you have opened more than five new credit card products in the last 24 months. Data points started appearing on Doctor of Credit at the end of November, and more and more continue to come in supporting that 5/24 may no longer be a factor.
Which cards does this impact?
- Chase Southwest Priority Card
- Chase Southwest Premier Card
- Chase Southwest Plus Card
- Chase Southwest Premier Business Card
- Chase Southwest Performance Business Card
- United Gateway Card
- United Business Card
- United Explorer Card
- United Quest Card
- Marriott Bonvoy Boundless® Card (not as many data points here, but still seeing approvals above 5/24)
- Chase Amazon Card
Are Business Credit Cards Impacted by Chase 5/24?
Business credit cards have an interesting relationship with the Chase 5/24 rule.
When it comes to Chase business credit cards specifically, you'll need to be underneath the 5/24 rule to get approved … but that approval will not add to your 5/24 count.
For example, let's say you want to apply for the Chase Ink Preferred Business Card. If you've opened five or more credit cards in the last 24 months, you'd almost certainly get denied. But let's say you've opened four credit cards over the last two years. You could get approved … but you'd remain at 4/24 under this rule.
Most business card approvals do not count towards your 5/24 total. That includes business cards from American Express, Chase, Citi, Bank of America, and more. The reason? Business credit card accounts typically don't show on your personal credit report.
Chase 5/24 Rule Frequently Asked Questions
Do Authorized User Accounts Count Toward the Chase 5/24 Rule?
Authorized user accounts will typically appear on your personal credit report. That means they will be counted towards your 5/24 status.
But that's not the end of the story. There are many data points out there that suggest calling into the Chase reconsideration phone line may result in some representatives removing authorized user accounts from your 5/24 status.
This ultimately allows you to be approved for Chase cards, assuming your authorized user accounts put you over the 5/24 rule. Chase's reconsideration phone lines are as follows:
- Reconsideration (Personal): 888-270-2127
- Reconsideration (Business): 800-453-9719
Do Retail Store Credit Cards Count Towards the Chase 5/24 Rule?
If you have specific retail store credit cards, these will only count towards your 5/24 status if the card can be used outside of the specific store.
This means if the card has a payment network listed on it such as Visa, American Express, Discover, or Mastercard, it will be counted. If not, the card will not count against your 5/24 status.
Do Mortgages, Auto Loans or Student Loans Count Towards the Chase 5/24 Rule?
Other lines of credit like mortgages, auto loans, student loans, home equity lines of credit, etc. should not count towards your 5/24 status as they are not a bank credit card.
The Chase 5/24 rule will not apply to these lines of credit. It only applies to personal credit cards that you are approved for (with the exception of retail store credit cards that are not part of a larger payment network).
How Are the 24 Months Calculated?
The Chase 5/24 rule is calculated on a card membership basis, not a calendar year. For example, if you are above 5/24 and fall below it on May 15th, you would need to wait until June first before you applied for a card that was subjected to the Chase 5/24 Rule.
How Can I Track My Chase 5/24 Status?
The best time to get started tracking your 5/24 status is right away.
Over the years, the best tool I have found to do this is a service called Travel Freely. It allows you to track the credit cards you have opened and closed and comes up with an automated 5/24 number. It also alerts you to annual fee due dates, and much more.
Best of all, the service is completely free to use and doesn't track and sensitive financial information.
Of course, this data is only as good as you make it. It does require staying on top of the dates you've opened and closed credit cards.
Another great option is to use a service like Credit Karma, or even Experian. These should show you a list of all your open credit accounts and when they were opened. From here, you should be able to calculate which ones will count towards your 5/24 status.
Chase 5/24 Rule: Bottom Line
If you understand the restrictions of the Chase 5/24 rule, you should be able to navigate it without much issue. This is among the most restrictive credit card application rules out there.
And that's the reason we always recommend that you should start with Chase credit cards before any other bank. Before long, it may be too late.