The best Chase cards that ARE subject to 5/24

Nick previously published “What’s the best Chase card that’s not subject to 5/24?”  As much as I enjoyed his post, I thought this was the wrong question.  After all, with cards that are not subject to 5/24, there’s no particular reason to limit yourself.  Even if you’re over 5/24 you can get all of those cards.

Chase's 5/24 Rule: With most Chase credit cards, Chase will not approve your application if you have opened 5 or more cards with any bank in the past 24 months. Some exceptions that are NOT subject to the 5/24 rule include: British Airways, Hyatt, IHG, Iberia, Aer Lingus, Marriott Business, and Ritz Carlton.

To determine your 5/24 status, see: 3 Easy Ways to Count Your 5/24 Status.

A more important question is which Chase cards you should get before you go over 5/24.  These are the cards that you absolutely should get before it’s too late.  Once you are over 5/24, the only way to get these cards is to get pre-approved or to wait until you fall under 5/24 again.

Chase Cards that are Subject to 5/24

Before I narrow down the list to the must-haves, here’s a list of all of the interesting Chase cards that are subject to 5/24 (click the hyperlinks for more info about each card):

Ultimate Rewards Cards:

Airline and Hotel Cards:

Pile on the Business Cards

While most Chase business cards are subject to 5/24 they do not count towards 5/24.  This means that you can get these cards while you are under 5/24 and they won’t add to your 5/24 count.  If you can get approved for these cards and can meet the minimum spend requirements for the signup bonuses, you might as well get them.

Chase 5/24 semantics ("Subject to" vs. "Count towards"): Most (but not all) Chase cards are subject to the 5/24 rule. That means the rule is enforced in making approval decisions. In other words, you probably won't get approved if your credit report shows that you opened 5 or more cards in the past 24 months. Meanwhile, most business cards (such as those from Chase, Amex, Barclaycard, BOA, Citi, US Bank, and Wells Fargo) are not reported on your personal credit report. These cards do not count towards 5/24.

Examples:

Chase IHG Card is not subject to 5/24 so it's easy to get. But after approval it will count towards your 5/24 total.

Chase Ink Business Preferred is subject to 5/24, so you likely won't get approved if over 5/24. If you do get approved, it won't count towards 5/24 since it won't appear as an account on your credit report.

The business cards subject to 5/24 are:

Among these, the Ink Business Preferred consistently offers the best signup bonus.  Most Chase card offers state that you can’t get the bonus if you’ve received a bonus for the same card in the past 24 months, but Chase Ink cards do not have that restriction.  As a result, if you have multiple businesses it is possible to sign up for the Ink Business Preferred and Ink Cash cards once for each business and you should get the signup bonus for each!

The idea of piling on business cards while under 5/24 has been explored in depth in our series of posts about the informed newbie, Ben.  See, for example: Over 600,000 points and well under 5/24.

The one business card you may want to hold off on getting until you’re ready is the Southwest card.  See the Southwest Companion Pass section below for more information.

Applying for Business Credit Cards

Yes, you have a business: In order to sign up for a business credit card, you must have a business. That said, it's common for people to have businesses without realizing it. If you sell items at a yard sale, or on eBay, for example, then you have a business. Similar examples include: consulting, writing (e.g. blog authorship, planning your first novel, etc.), handyman services, owning rental property, renting on airbnb, driving for Uber or Lyft, etc. In any of these cases, your business is considered a Sole Proprietorship unless you form a corporation of some sort.

When you apply for a business credit card as a sole proprietor, you can use your own name as your business name, use your own address and phone as the business' address and phone, and your social security number as the business' Tax ID / EIN. Alternatively, you can get a proper Tax ID / EIN from the IRS for free, in about a minute, through this website.

Is it OK to use business cards for personal expenses? Legally, it's fine. And, anecdotally, almost everyone I know uses business cards for personal expenses. That said, the terms in most business card applications state that you should use the card only for business use. Also, some consumer credit card protections do not apply to business cards. My advice: don't use the card for personal expenses if you're not comfortable doing so.

Which of the business cards are keepers?

Each of the business cards listed above have excellent signup bonuses, but you may not want to keep them past the first year if their benefits do not outweigh the annual fee.  In my opinion, though, there are two definite keepers in the list:

  • Ink Cash Business: This card has no annual fee so there’s really no reason at all to dump it.  But beyond that, it offers an amazing 5 Ultimate Rewards points per dollar for office supply purchases, phone, TV, and internet for up to $25,000 spend annually.  5X rewards for phone, TV, and internet is enough on its own to make this card worth having.  The 5X office supply category, though, is where things get really interesting.  Office supply stores such as Staples, Office Depot, and OfficeMax sell gift cards to other merchants, as well as bank gift cards.  By purchasing gift cards from these stores, you can earn 5X rewards in far more categories of spend.
  • Ink Business Preferred: This card costs $95 per year and offers free cell phone protection, the ability to transfer points to airline and hotel programs, and 3X Ultimate Rewards for travel, shipping, internet, cable, phone, and advertising with social media sites (up to $150K spend per year).  Surprisingly, this card has been earning 3X for all Plastiq bill payments which more than offsets Plastiq’s 2.5% fee.

Southwest Companion Pass

The Southwest Companion pass is undoubtedly the most valuable companion ticket benefit of any airline program. The key value lies in the fact that this benefit is repeatable an unlimited number of times while you have the pass and it is not subject to availability of any special fare class. As long as there is a seat available for sale on the plane, a Southwest Companion pass holder can add his/her companion to their reservation and pay only the taxes ($5.60 one-way on domestic flights within the US).

In order to earn the Southwest Companion Pass, a Rapid Rewards member must earn 110,000 qualifying Southwest Rapid Rewards points within a single year. Once the member has earned 110,000 points, the companion pass will be valid for the remainder of the calendar year in which it is earned and all of the following year. For example, if you earned your 110,000th point on February 1st, 2018, your Companion pass would be valid until December 31st, 2019.  Therefore, earning the pass as early in the calendar year as possible maximizes the length of validity of the Southwest Companion Pass.

The easiest way, by far, to earn 110,000 qualifying Southwest points is to sign up for two Southwest cards that each have 50K or 60K signup bonuses (they often do).  Chase offers three versions of Southwest cards: Plus, Premier, and Premier Business.  People often sign up for two of these at once at the very end of the calendar year or very early in the calendar year in order to get a companion pass valid for nearly 2 full years.

As a result of this outstanding opportunity, planning your Southwest card signups is very important when deciding which cards to get while you’re under 5/24.  If flying Southwest isn’t your thing, then don’t worry about it.  But if you think you can get good value from the companion pass, you should plan accordingly.  For many, this means making sure that you’re still under 5/24 by December so that you can sign up for two Southwest cards then and earn 110,000 points as early in the next year as possible.

For more about the companion pass, including how to use it and other ways to earn it, see: Complete guide to the Southwest Companion Pass.

Picking Personal Cards

This is where things get trickier since each of these cards count towards 5/24, so there’s a real cost to getting these cards.  Each one of these cards that you get brings you closer to the dreaded 5/24 count.

The following personal cards are subject to 5/24 and count towards 5/24:

Ultimate Rewards Cards:

Airline and Hotel Cards:

My Personal Card Rankings

All of the cards listed above are valuable, but some are arguably more valuable than others.  Here is my ranking, sorted most valuable to least:

  1. Sapphire Preferred / Sapphire Reserve: Get the Sapphire Preferred bonus and then upgrade to the Reserve for better benefits.
  2. Southwest Airlines Plus Card or Southwest Airlines Premier Card: Get either one of these personal cards along with the Southwest Business card in order to earn a companion pass.
  3. Freedom Unlimited: Once you have the Sapphire Reserve, the no-fee Freedom Unlimited becomes a great “everywhere else” card thanks to earning 1.5X on all spend. Move points to the Reserve to make them more valuable.
  4. Freedom: This card is valuable for its quarterly rotating 5X categories (up to $1500 spend). Move points to the Reserve to make them more valuable.
  5. United MileagePlus Explorer Card or United MileagePlus Club Card: Both of these cards offer excellent signup bonuses and significant perks for United fliers.
  6. Marriott Rewards Premier: This one usually offers a nice signup bonus, but not a lot of ongoing value with one big exception: for those seeking Marriott elite status the card offers 15 elite nights per year.  Combine with the business version of the card to get a significant leg up towards the status level you seek.

Sapphire Preferred / Sapphire Reserve

The reason I listed the Sapphire Preferred and Sapphire Reserve together, above, is that once you get one, you can’t get the bonus on the other until you cancel the card and wait 24 months from getting the bonus on the first.  In other words, for the purpose of getting signup bonuses, Chase treats them as the same product.  In general, I recommend signing up for whichever currently has the better signup bonus. You can then later product change (without getting a bonus) to the card you really want to keep.  See: Showdown: Sapphire Reserve vs Preferred First Year Value.

For those who spend a lot on travel and dining (as I do), I think that the Sapphire Reserve is one of the best cards available.  It earns 3X for travel and dining, and you can redeem points for 1.5 cents per point value towards travel, or you can transfer points to airline and hotel programs.  It also makes the points you earn from other Ultimate Rewards cards more valuable because you can move the points to the Reserve card and then redeem them for 1.5 cents value each (compare to 1.25 cents value when redeemed from the Sapphire Preferred or Ink Business Plus cards, or 1 cent value from either Freedom card or the Ink Cash card).

Advice for 4/24

Once you have 4 new accounts within the past 24 months, you are just one more personal card application away from getting locked out of getting new Chase cards for the near future.  You can delay going over by signing up only for business cards, but eventually you may want a new personal card (or a business card that counts towards 5/24 such as a Capital One business card).

Let’s say, for example, that you want to get the Amex Hilton Aspire card.  After you get the card and it shows up on your credit report, you’ll be at 5/24 and unable to get most Chase cards going forward.  That said, there’s a window of opportunity from the time you sign up for the card and before it shows up on your credit report.  During that time, you can successfully sign up for one or more Chase cards that are subject to 5/24.  I recommend using this opportunity to sign up for two new Chase cards in one day.  If you’re interested in the Freedom and Freedom Unlimited card, for example, those would be great candidates to get at the same time since each only requires $500 in minimum spend for its signup bonus.

Conclusion

While you are under 5/24, I recommend that you get as many Chase business cards as you can handle, and strategically sign up for personal Chase cards. If you are interested in the Southwest companion pass, then make sure that your are at 4/24 or lower at the end of the year (since the new year is the ideal time to get the pass).  As to other Chase personal cards, you can use my rankings above to help decide which to get, but please keep in mind that my rankings are quite subjective. What’s best for me might not be best for you.

During this time while you are under 5/24, try to stay away from personal cards from other banks or business cards from Capital One since those add to your 5/24 count too.

About Greg The Frequent Miler

Greg is the owner, founder, and primary author of the Frequent Miler. He earns millions of points and miles each year, mostly without flying, and dedicates this blog to teaching others how to do the same.

More articles by Greg The Frequent Miler »

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74 Comments on "The best Chase cards that ARE subject to 5/24"

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Tom
Guest

What about the Slate card? I know its not a rewards card but sometimes you need a 0% loan with 0% transaction fee.

Ed.
Guest

How difficult is it to UPGRADE a card, specifically, CSP to CSR? I will be under 5/24 next week and was planning on applying for the CSR even though CSP has the better signup bonus right now.

Also, would you recommend applying for the Freedom Unlimited during the period I am under 5/24 before any new personal cards show up?

Guy
Guest

Do you recommend getting the Chase Marriot Business card (SPG merger)?

Joe Giorgianni
Guest

My daughter signed up for a Southwest Chase Visa Premier and added me as a user and a Southwest Chase Visa Plus and added my wife as a user. We did that so we could help her with the spend to get her Companion Pass. However, both cards are now showing up on my credit report. Is that correct?

Treesha
Guest

Yes, you being an AU will show up on your credit report.

Mike W.
Guest

Joe, there’s another way to accomplish this without going the AU route. After your daughter gets her card, just keep it in your wallet and use it till you hit the min spend, then give her the card. This keeps your credit report clean. Been doing this for years with my son, who spends very little but has a great credit score because he pays his cards off every month. The USPS is the only vendor who ever challenged me for ID when I used his card.

BTW my son is very grateful for this assistance and lets me use his bonus points whenever I need them. Maybe your daughter will name you as her Companion for a few flights if you travel together (she can change this nomination online at SW.com).

james
Guest

when applying for business card based on new or side business such as selling on ebay, which is new or newer, do we indicate the esimated/anticipated future income for business income?

Ron
Guest

Greg, I just got under 5/24. Have the CSP, want the CSR, but I’m also points greedy and want the CSR sign-up bonus. My plan- apply for Ink Preferred now, then switch CSP to Freedom Unilimited at renewal time this Summer. Then apply for CSR in Fall. Gets me the cards I want and an opportunity for 130k UR points (80 for Ink, 50 for CSR). Your thoughts? One final issue- my wife is an AU on my CSP. AU’s are not free on CSR, so I’m trying to decide how she should maximize benefit on restaurant/travel spend without forking over AU fee for CSR- a different card come to mind? Thanks for your blog and insights.

John
Guest

Double dip the CSR/CSP (apply for and get approved for both on the same day). You’ll earn both bonuses and then you can make your wife an AU on the CSP again

Newbie
Guest

With the CIC the 5x rewards equate to points which then equates to booking travel through the Chase portal?

Jon
Guest

Just to clarify, you are saying that if you are 4/24 to apply for two chase cards at the same time prior to becoming 5/24?

Kalboz
Guest

If I am under 5/24 and have the CSP card for years now, can I also apply and get the CSR card?

I also currently have the Chase Freedom card.

Thanks

Paul Davis
Guest

My wife just got declined for the Marriott business card citing too many cards or inquiries. So, that one may be the next to add to the list.

Jon
Guest

I’m about to be under 5/24 for the first time in a while, once 4 cards that I applied for on 4/1/2016 roll off. With respect to counting 5/24 status, you have advised two different things:

(1) in a post on 8/25/16, you wrote, “if the current date is August 24th 2016, then you would look for the first card opened by or more recently than August 24th 2014,” which suggests that the counting is based on the exact date of account application/approval.

(2) in a post on 6/20/17, you wrote, “count all accounts until you get one month past 24 months ago. For example, in June 2017 you would count all accounts until you find those that were opened prior to June 2015,” which suggests you have to wait until after the end of the month in which you applied/were approved.

As my accounts were opened on 4/1, the question is, do I simply have to wait until after 4/1 to apply, or do I have to wait until after April closes?

Thanks!

Mal
Guest

My husband and I each have a CSR card. His anniversary date is today. I am thinking of product changing his card to a Freedom to get the category spends. Does Chase ever offer anything to encourage you to keep a CSR like they do for other cards?

We currently have tickets purchased with his CSR, travel date is next week. If I product change his card, do I lose the trip cancellation and car rental insurance benefits of the CSR?

I assume when you product change you do not get whatever the current bonus is for that new card.

anthony benjamin
Guest

For the Chase Ink Preferred, since I can have multiple cards as long as i have multiple business, Can i refer myself to that card? And also how long would you recommend waiting between chase ink preferred applications. ( I already have the chase ink preferred and want to get a second one). Thanks so much for the article!

Nick Reyes
Editor

A couple of other people have asked about referring themselves. I’m not sure if that’s possible.

John
Guest

You can refer yourself

Nick Reyes
Editor

Thanks for the data point!

Jason
Guest

Hi Greg, You stated that the “Chase IHG card is not subject to the 5/24 so it’s easy to get. But after approval it WILL count towards your 5/24”. Can you please explain that a little more and Is this true for the Hyatt card (or the other cards listed that do not fall under the 5/24 rule)?

Jason
Guest

Sorry you did explain what that means, I guess I should have read rather than scanned :-). My question is does this apply for the Hyatt card or the other cards listed that do not fall under the 5/24 rule?

Nick Reyes
Editor

I’m not sure I understand your question…so here’s a reiteration of the points in the post in the hopes that it adds clarity.

5/24 rule: You can’t get approved for certain cards if you have 5 or more new accounts on your credit report in the past 24 months.

Applying the rule: When you apply for certain cards, 5/24 rule applies. We say those cards are SUBJECT to the 5/24 rule — meaning that they are governed by the 5/24 rule when you apply. To say it another way, this rule is the first thing checked — if you have opened 5 or more new accounts in the past 24 months, you’ll be automatically disqualified and declined. For example, if you apply for a Chase Freedom card, that rule will be applied to decide whether or not you qualify. If you’ve got 5 or more, you won’t be approved. If you have 4 or fewer, you can be approved. That’s not to say everyone will be approved — just than you *can only be approved for this card with 4 or fewer new accounts in the past 24 months*.

When you apply for other cards, that rule does not apply. We say that these cards are NOT SUBJECT to the 5/24 rule — it doesn’t govern these applications. In other words, the number of new accounts you’ve opened in the past 24 months will not automatically disqualify you. For example, if you apply for the Chase IHG card, it doesn’t matter if you’ve opened more than 5 cards in the past 2 years — you can still be approved. Again, that’s not to say that everyone will be approved. But it’s *possible* to be approved even if you’ve opened 8 or 10 new cards in the past 24 months because the rule doesn’t apply to this card.

The Chase Hyatt card is another example of a card that is NOT SUBJECT to the 5/24 rule — that means the rule is not applied to approval decisions. You *can* be approved even if you’ve opened a lot of accounts.

Determining your 5/24 count

Chase looks at your credit report and adds up the total new accounts you’ve opened in the past 24 months. Once you open a personal credit card and it shows up on your report, it counts towards your total new accounts in the past 24 months. Whether you open the Freedom or the IHG or Hyatt or you open an Amex Everyday Preferred or a Citi Double Cash or any other personal credit card, it contributes to the number of new accounts you’ve opened in the past 24 months. All personal cards count. Some business cards — like those from Capital One — count. Most business cards do not show up on your personal credit report. If it doesn’t show up on your credit report, they can’t count it. Authorized user accounts will count, though if that’s the only thing bringing you to 5 or more, you can usually call Chase reconsideration and get those removed from the count (as Greg noted in the post).

So to be clear — every card they can see on your credit report contributes to your total new accounts. If that total is 5 or more, you can’t get the cards subject to 5/24. You *can* still get the cards that are not subject to 5/24.

Note that there is a small exception — some people have gotten pre-approved offers in-branch or via the Chase “Your Offers” section in the app/website (only offers with a green check mark). These offers ignore the 5/24 rule. But they are not very common.

Does that help?

Jason
Guest

Yes, thanks Greg!

Geoff Stuart
Guest

Nick,

This was very helpful, but I still am scratching my head about one thing Greg posted in the “Advice for 4/24” section: “I recommend using this opportunity to sign up for two new Chase cards that are subject to 5/24.”

Why would I do this when one of the two apps will undoubtedly be rejected because the first one will put me over 5/24? What am I missing here?

Nick Reyes
Editor

As Greg notes, there is a delay between when you open a new account and when it shows up on your credit report. The computer system pulls your report and counts based on that (and sees 4). It’s well-established that it’s possible to get 2 accounts on the same day when you’re at 4/24. Even if not auto-approved for the second one, it’s possible to call reconsideration and get it opened (sometimes you need to shift credit from another open card).

Mike W.
Guest

Ahhh, he did not say to apply for both cards on the same day. Thanks.

nbsandiego
Guest

Greg, is it possible to get a third Southwest card and get the bonus for that 3rd card if I already have the other 2 SW cards (Personal and Business)? And is the best way to find out if you have met the 5/24 through a credit report to see what is actually there? I’m a little confused with which business cards do count for the 5/24 rule so I’m not exactly sure where I stand. Thank you!

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[…] morning, Greg wrote about planning your Chase application strategy (See: The best Chase cards that ARE subject to 5/24 rule). A few months ago, standing on the cusp of 5/24, my wife opened two of those cards — two […]

Jay
Guest

If you have an authorize user under your card. And you product change. Does that AU automatically gets closed on as well? And are all southwest cards count towards business because theres one i see for personal. Little confuse.

Nick Reyes
Editor

If you product change, the AUs product change with you. In other words, if you have a CSP and 3 authorized users and you product change to the Freedom, they will send Freedom cards for you and your 3 authorized users.

Nick Reyes
Editor

Forgot to answer the Southwest question — there are 3 total Southwest credit cards. Two are personal cards (Premier and Plus) and there is one Business Premier.

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[…] The best Chase cards that ARE subject to 5/24 […]

Anna
Guest

” there’s a window of opportunity from the time you sign up for the card and before it shows up on your credit report”…Uh…how long is that window of opportunity?

Nick Reyes
Editor

It varies with each issuer — and I imagine with the day of the week both on the bank end and the credit bureau and varies from one credit bureau to the next. Could be a week, could be a month, could be two months. In my personal anecdotal experience, Barclaycard tends to be the fastest (I’ve had new accounts show up on my report before I even had the card in the mail) and Amex is often pretty slow (usually reports sometime between the first and second statement close). When I opened my most recent Amex card, it showed up on my reports about a month later — but on a different day of the week with each of the 3 major credit bureaus. At the very least, you’ve got a few days.

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[…] The best Chase cards that ARE subject to 5/24. The comments also contain good information. […]

iahphx
Guest

I recall that, with a “special invitation,” you can sometimes get a Chase card even if you are over the 5/24 Rule. What type of offer qualifies? For example, I was sent an email from “Mileage Plus Partner” (it looks like it was sent by UA) entitled “You’ve just earned miles. Now earn 50,000 more.” It then has a link to apply for the Mileage Plus Explorer Card. If I do so, will my application be rejected because of 5/24, or does my invitation override the rule? Thanks.

tina
Guest

Hi Greg or Nick~
I have two questions
1) I stop being 5/24 on May 15. I also have a large cruise payment due June 5th. I have an old csp card I planned to downgrade to chase freedom unlimited and apply for the CSR and make my spend by this crusie payment. From what I read in below comments I would have to wait until June 15th to apply for the CSR…no way around that? What a bummer that would be

2) I currently have a chase ink plus which I love. To apply for the Chase ink preferred, would I have to downgrade this card too, otherwise I would not be eligible for the bonus?
thank-you.

Eric
Guest

Hi Greg, I am currently at 2/24, have CS and CSP for over three years now. I knew the new rules now is you can only have one Sapphire card at any one time now, do I need to cancel or downgrade both cards in order to apply CSP ( again) or CSR ? what is the best way to do this? is any reason to keep the CS card?

Doug
Guest

Yes, must downgrade or close both Sapphires. Then you can get a CSR.

trackback

[…] branch, this offer should probably be at the top of your list when it comes live next week. See: The best Chase cards that ARE subject to 5/24 for more on why. If it comes online, we will certainly post about it as soon as we see […]

NJturtlePower
Guest

So I dropped to 4/24 on June 1st, and I might have jumped the gun a bit last week, applying for a CSP about 6-hours after my Ink Business Cash app which was still pending decision.

Apparently, this could have been a BIG boo boo IF the CSP were to get approved first, per Chase’s 1/30 rule.

On top of that, my reasoning for the double-dipping was a bit off, thinking 2 credit pulls would be combined, which is apparently NOT true when dealing with both Chase Business and Personal offers at the same time.

BUT, on the bright side, after a few app status updates via phone system over 2-days (Started at 30-day messages then changed to the dreaded 7-10 via mail), a call today to the Chase Personal Recon line @ 888-270-2127, I’m now a proud Chase Sapphire Preferred (CSP) holder with a $10k SL.

P.S. – My Ink Cash was also luckily approved FIRST @ a $12k SL…. nice start at some BIG UR SUB’s (100K) with this Chase winning duo!

Thanks to all I have and continue to learn from!