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Everything You Need to Know About the Chase 5 24 Rule

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Credit cards have published and unpublished rules. These are rules that put guard rails around who is eligible for credit cards that are offered by the bank. The Chase 5 24 rule is one of these rules. Amex also has a similar rule.

In this Chase 5 24 rule credit card post, we’ll cover everything you need to know. From personal to business credit cards, you’ll know exactly which credit cards are subject to the rule. In other words, you’ll understand how best to apply for Chase credit cards.

What is the Chase 5 24 rule?

Chase will not approve you for any of its cards subject to the Chase 5 24 rule if you’ve opened 5 or more new personal credit card accounts in the past 24 months. This means that you need to be under 5 new credit card accounts to be approved for a new Chase credit card. However, there’s a wrinkle when it comes to business credit cards.

Capital One, Discover, and TD Bank business credit cards count towards your Chase 5 24 total. So, if you’ve opened a business credit card with these banks, Chase treats this account as a personal credit card account as it relates to your Chase 5 24 total.

Which cards are subject to the Chase 5 24 rule?

Chase does not publish an official 5 24 credit card list. So, the credit cards below are based on data points HERE and HERE. In general, these cards count but every travelers situation may be different.

Which accounts add to your Chase 5 24 total?

As mentioned earlier, Chase does not publish an official list. However, data points suggest these accounts add to your Chase 5 24 total.

  • All personal credit cards
  • Authorized users on personal credit cards and charge cards
  • Capital One, Discover, and TD Bank business credit cards
  • Store credit cards will likely count

Which accounts do not add to your Chase 5 24 total?

Again, the list below is based on data points. So, your situation may be different than someone else applying for credit cards.

  • Auto loans, mortgages, and student loans
  • Business credit cards not issued by Capital One, Discover, and TD Bank
  • Credit cards you applied for and were denied

Common Chase 5 24 Questions

How do you avoid the 5 24 rule in Chase?

One of the best strategies for the Chase 5 24 rule is to start with business credit cards. Generally speaking, these cards do not add to your Chase 5 24 total. Next, apply for Chase Ultimate Rewards credit cards followed by Chase cashback credit credits. Chase Ultimate Rewards cards include the Chase Sapphire Reserve, Chase Sapphire Preferred, and Chase Ink Business Preferred. Chase cashback cards include the Chase Freedom Unlimited, Chase Freedom Flex, Ink Business Unlimited, and Ink Business Cash. To sum up, you can avoid the Chase 5 24 rule by strategically applying for cards in the correct order.

Does Chase 5 24 apply to loans?

New loans do not add to your Chase 5/24 total.

How do I check my 5 24 Chase rule?

Credit Karma and Credit Sesame are two free websites that help you determine your Chase 5 24 total. These websites monitor your credit profile in real-time. Above all, if you want to calculate your 5 24 total, both websites are invaluable resources to use.

Frequent Miler has a trick where you use this Credit Karma link, log in, click ‘Accounts’, and sort by ‘Open Date’. The sorted list shows you the accounts and dates the accounts were opened. From there, you can easily see your Chase 5 24 total. All in all, Credit Karma and Credit Sesame are two resources to use.

Do Chase 5 24 cards count?

Yes. The cards mentioned above will typically count towards your Chase 5 24 total. In other words, by applying for cards subject to Chase 5 24 you will be adding to your Chase 5 24 total.

Do credit card product changes count?

A product change, also known as a credit card conversion or upgrade, will count towards your 5 24 total if the bank has a hard pull of your credit. If the bank completes a soft pull of your credit, it’s likely the product change will not count towards your 5 24 total.

Before agreeing to a product change, ask the bank if a hard or soft pull will be completed. If a hard pull will be completed, it’s possible Chase will consider that product change a new account opening.

What is the Chase 2/30 rule?

Chase will not approve you for more than two personal credit cards in a 30-day period. You can find more information about the Chase 2/30 rule here.

Conclusion on the Chase 5 24 Rule

The key with Chase credit cards is to pace yourself. If you are looking to apply for Chase’s lineup of personal and business credit cards, it’ll take some time. All in all, with some planning, you’ll have no problem being approved if you play your cards right.

So, what do you think about the Chase 5 24 rule? Please let me know in the comments below or by sending me an email on my contact page.

Disclaimer: If you click and/or sign up for a credit card through certain links on this site or any of my related social media platforms, I may make a commission from that click-through.  The editorial content on this page and the user comments are not provided by any of the companies mentioned and have not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are mine alone.

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