5/24 Rule

Tag Archives for 5/24 Rule.

3 Easy Ways to Count Your 5/24 Status

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.  This is known as the 5/24 rule. Chase uses your credit report to count your 5/24 status.  As a result, any business cards that do not get reported to the personal credit bureaus are not included in this count.  Even Chase business cards are not counted (but most…

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A couple’s credit card plan: 820,000 points in 15 months

Recently I published two first year credit card plans for a single person: one with and one without business cards: Beginner credit card plan — 325,000 points in 12 months (no business cards) Beginner with business credit card plan: 460,000 points in 15 months This post rounds out the series by introducing two player mode: signing up for cards as a couple.  Two is definitely better than one when it comes to credit card perks…

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Beginner with business credit card plan: 460,000 points in 15 months

Recently I published a first year credit card plan for a single person with no ability or willingness to apply for business cards: Beginner credit card plan — 325,000 points in 12 months.  In this post, I’ve done the same thing, but with one huge difference: this plan assumes the ability to apply for small-business cards. Assumptions For this post I’ve made the following assumptions about the reader: Good credit score Hasn’t applied for any…

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Best business card offers that don’t add to 5/24

In my opinion, Chase offers many of the best credit cards and the best signup offers.  They have a fantastic lineup of cards that earn Ultimate Rewards points.  Through these cards one can easily amass hundreds of thousands of transferable points through signup bonuses, and then continue to earn huge rewards by picking the right cards for the right type of spend (for example, pay your phone, cable, and internet bills with your no-fee Ink…

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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. A more important question is which Chase cards you should get before you go over 5/24.  These are the…

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What’s the best Chase card that’s not subject to 5/24?

Dodging 5/24

Over the weekend, I had the opportunity to speak at Frequent Traveler University Seattle. I enjoyed speaking about credit card benefits beyond the signup bonuses, tools I use for finding deals, and earning miles for a car purchase (more coming on this next week!). During one of my presentations, an attendee asked me a great question: What’s the best Chase card that’s not subject to the Chase 5/24 rule? I didn’t have an answer as quickly…

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New hope for breaking free of 5/24 after all?

Breaking 5/24

This morning, Greg posted about his latest attempt to bypass 5/24. In that post, he details the process of applying through a BRM (Business Relationship Manager) and the outcomes of the process as he faced initial rejection and filed for special consideration. Some readers questioned whether or not his rejection could be considered yet again or whether the key reason was in fact 5/24. Maybe Greg will take it back up with Chase when he…

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My latest attempt to bypass 5/24

Flying under 5/24

In April, Doctor of Credit posted a “New Way To Bypass Chase 5/24.”  I was intrigued.  I wanted to get Chase’s new Ink card: the Ink Business Preferred for it’s 80K signup bonus and 3X categories, but I was way over 5/24 (Chase won’t approve applications for many of their cards if the applicant has opened 5 or more cards in the past 24 months). The trick that Doctor of Credit described was to apply…

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How to count your 5/24 status from your smart phone

With the introduction of its unofficial 5/24 Rule, Chase has made life much harder for those who like to frequently sign up for credit cards to get the signup bonuses.  With the 5/24 Rule, Chase denies most application in which the applicant has opened 5 or more cards in the past 24 months. And we’re not just talking about Chase cards here.  All issuers count.  If you’ve never opened a Chase card in your life,…

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