Chase (Temporarily?) Expanding 5/24 Policy to Credit Limit Increases
Chase seems to be making a lot of changes to lower its exposure to the shifting financial climate. We’ve seen card application denials, reduced credit limits, and even total account shutdowns. Now, Chase has found a new way to implement it’s notorious 5/24 rule. If you’re at or over 5/24, Chase may not approve you for a credit limit increase. Here’s what that may mean for you.