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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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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Dodging 5/24. What works, what doesn’t, April 2017.

Dodging 5/24

Most Chase credit cards fall under their dreaded “5/24 Rule”.  That is, Chase will deny your application if you have opened 5 or more credit card accounts in the past 24 months (see: How to count your 5/24 status).  Included in the count are cards from any bank (not just Chase), as well as cards in which you are an authorized user. What follows is a list of approaches for bypassing 5/24, along with an…

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Going for the latest 100K Ultimate Rewards business card offer despite 5/24

The Chase Ink Business Preferred card rolled out in the fall of last year with a mighty 80,000 point signup bonus.  I’ve been eager to get the card, but Chase’s 5/24 Rule has been a roadblock.  For most of their cards, Chase won’t approve your application if you’ve signed up for 5 or more cards from any bank within the past 24 months.  And I’m way over 5/24.  I’ve asked a couple of times in-branch…

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Curing 5/24

Curing 5/24

Recent developments have made me think more about Chase’s 5/24 Rule (where they deny applicants who have opened 5 or more cards in the past 24 months).  First, Chase released two new and very attractive cards: the Sapphire Reserve card and the Ink Business Preferred card, Then, they promised to release more new cards.  Soon thereafter, those with Chase Private Client status lost their immunity to 5/24.  Then, seemingly unrelated, one of the best options for…

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