In the Point and Mile World, whenever a chase card appears, it is sure to follow the infamous 5/24 rule. Essentially, this refers to the informal rule that Chase will not approve credit card applications from anyone who has opened five or more new credit cards from any issuer in the past 24 months.
However, without any formally published policies of Chase, the profiling of the 5/24 rule depends heavily on crowdsourcing data. Therefore, some data points are outliers. That being said, here are the 5/24 limits you need to know about Chase.
What are the rules for chasing 5/24?
To get approval for any chasing card on 5/24, you cannot open five or more personal credit cards in all banks (more on business cards for the time being).
This means you actually need Below Approved on 5/24. The 5/24 rule only applies to the approval of cards issued by Chase, but your 5/24 count includes the all bank.
Related: The best way to use 5/24 slots
Are all chase cards subject to 5/24 restrictions?
Most travel cards issued by Chase are approved on 5/24, including common brands. Here are the cards reportedly complying with the 5/24 rule:
*Information of these cards Guys were collected independently. The card details on this page have not been reviewed or provided by the card issuer.
Reader reports also show that applying for too many chase cards can lead to review and closure regardless of your 5/24 status. Some online reports state that Chase will not accept your acceptance of more than two new accounts within 30 days.
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Therefore, it is generally recommended to avoid applying for new accounts more frequently than every three or four months.
Remember, 5/24 is not the only factor in determining whether your chasing credit card application is approved. You also consider your credit score, income, debt levels, and many other variables.
For business cards, Chase also sometimes requests documents, such as financial statements or organizational terms, to indicate that you have a legal business or sole proprietorship.
Related: How to Complete a Business Credit Card Application for Chasing
How to check my 5/24 status?
We found the easiest way to check your 5/24 status is to sign up for Experian’s free credit reporting service. (Unless your intention, make sure you do not accidentally sign up for paid services.)
Using the Experian app, you can view all accounts and sort them before the date you open. From here, count anything that has been open in the last 24 months. Chase only checks whether to open an account. It doesn’t matter whether you have any of it since it’s closed.
According to the most recent data points, until the first day of the 25th month of your fifth account opening, you will technically not be below 5/24. For example, if your fifth most recent account is open on October 17, 2023, you will not apply for a new card until at least November 1, 2025.
Related: How to calculate your 5/24 station
Which accounts are added to your 5/24 status?
The following account calculates your 5/24 station:
- All personal credit cards have opened with any bank (even if they are now closed) in the past 24 months.
- Over the past 24 months, a business card has been opened with Discover and TD Bank, as well as a small business card for any capital besides the Capital One Venture X Business and Capital One Spark Cash Plus account.
- As reported in your credit report, in the past 24 months, an authorized user card from another person’s personal card. However, you can call Chase to reconsider lines and ask that those accounts are not considered.
- In the past 24 months, specific store cards have been part of the national payment system and can be used elsewhere. Some data points show that even store cards that can only be used in a single institution are important now. Assume that if it appears in your credit report, Chase will calculate it.
The following accounts will not count to your 5/24 site:
- The card you applied for but was eventually rejected. (Credit query is not calculated.)
- Most card issuers have small business cards, with the known exceptions listed above.
- Car loans, student loans and mortgages.
Related: These business cards can help you comply with Chase’s 5/24 rules
What about card conversion and upgrade?
Depending on how the bank handles card conversions or upgrades (also known as product changes), it may not be reported as a new account. Before completing an upgrade or product change, ask the bank if it will complete a hard credit limit. Also, ask if you will receive a new account after the switch.
If the answer to one (or both) of these questions is yes, then this may be a sign that the account will be treated as new and adds to your 5/24.
Related: How to downgrade to chase credit card
Is there any way to bypass 5/24?
In some recent cases, cardholders have provided 5/24 rules through the targeted “Just For You”. To see if you are targeted, navigate under Explore Products in the left menu bar when you log in to your chase account.
If you are desperately looking for a card now and over 5/24, you can try changing the product in the Chase Ultimate Rewards Card series (assuming you already have a card you want to convert for at least one year).
However, unless you are specifically targeted for bonuses for upgrade cards, you will not receive a welcome reward for any product changes.
Related: When should you ignore Chase’s 5/24 rule?
Chase 5/24 FAQ
Can I apply for two chase cards on the same day on 4/24 and get approval for both?
Historically, some data points suggest you can apply for two chase cards on the same day on 4/24. However, in this case one of the applications can be automatically lowered. If you call the Reconsideration Line, the agent may see your new (approved) account, which may ineligible for a second account (although you still have a second hard inquiry about the account).
In either case, remember that Chase can carefully study clients applying for credit too quickly. Our advice is to apply for only one chase card at a time.
I applied for a card on the exact date below 5/24 and was rejected. what can I do?
Wait until the first day of next month, call Chase Reconsideration Line or reapply after the first day of next month.
I’m on or over 5/24. Can I get a card from another bank?
Yes. Approval of credit cards issued by banks other than Chase is not affected by your 5/24 score. Of course, every bank does have its own approval standards.
Does the chase card count to my 5/24 score?
no. If you have approval for chasing a business card, you should not add it to your 5/24 stand. However, you have to be below 5/24 to get approval for most chase cards.
What if I’m not over 5/24, but authorize the user account in my credit report, which makes me appear on 5/24 (or over) 5/24?
Your application may be rejected entirely or marked for further review. In either case, you need to call the Chase Reconsideration Line and pay attention to which accounts are authorized user accounts. The agent may ask if you are responsible for these accounts and may approve you if someone else is the primary cardholder. However, this is a manual process that may not work.
Instead, consider planning ahead and delete yourself as an authorized user at least one month before submitting your application.
Related: Best Cards to Get After 5/24
Bottom line
Chase’s 5/24 is a firm rule with no signs of disappearing anytime soon. This means you need to be very strategic about your application and reward strategy in order to maximize the five allowed chase slots.
If you start in the credit card rewards realm and are not close to 5/24, you need to prioritize getting a chase card. But remember, don’t try to fill your five slots too quickly. Take your time and be smart about the card you apply for and when.
For additional reading, check out our draft picks for the best credit card.
Apply here: Chase Sapphire prefers
Apply here: Chase Sapphire Reserve
