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For points and miles enthusiasts, the Chase 5/24 rule is perhaps the most notorious restriction on applying for a new rewards card. However, the 5/24 rule can be confusing and frustrating — especially since it’s so common to find references on the web to “5/24 status” or being “over 5/24′” without any additional context.
Most credit card issuers follow a set of internal guidelines to determine who can be approved for a new credit card account. Often, these application rules haven’t been published or confirmed by the bank. But the points and miles community thrives on sharing information and strategy. Thus, over time, these unofficial rules have been dragged into the light with crowdsourced information from application experiences.
In this post, we’ll cover everything you need to know about the Chase 5/24 rule.
- The Chase 5/24 Rule Explained
- What Counts Toward My 5/24 Status?
- Which Chase Cards Are Subject to Chase's 5/24 Rule?
- How Can I Check My 5/24 Status?
- What If I'm Already Over 5/24?
- Do Business Cards Factor Into My 5/24 Status?
- How Authorized User Accounts Affect 5/24
- Final Thoughts
The Chase 5/24 Rule Explained
Chase generally will not approve your application for a new card if you have opened five or more card accounts in the previous 24 months — thus, 5/24. When you apply for a new card, Chase will obtain a copy of your credit report from one of the three major credit bureaus: Experian, Equifax, and TransUnion.
If your personal credit history shows at least five credit card accounts with an “opened date” in the last 24 months, Chase will generally reject your credit card application.
What Counts Toward My 5/24 Status?
The basic rule is quite straightforward: If it’s a credit card account and you see it on your credit report, it counts toward 5/24. But since we’re not all experts on credit reporting, here are a few things to keep in mind.
Which cards count toward 5/24
- Chase counts the credit cards from all card issuers that appear on your report — not just the cards issued by Chase.
- Closing a credit card does not remove it from your credit report. The card will still count towards your 5/24 status if the open date is within the past 24 months.
- If you are an authorized user on someone else’s credit card account, the bank may report that account to your credit report. If so, it counts toward your 5/24 status. (However, you may be able to remove it from your report. More on that below.)
Which credit lines don't count toward 5/24
- Unsuccessful credit card applications do not count toward your 5/24 status. Only new accounts that you successfully open will be counted.
- Many business cards do not appear on your personal credit report; they won't count if they're not on your personal credit report. See below for more information on the business cards that do.
- Other types of accounts on your credit report — like mortgages, student loans, and car loans — do not factor into your 5/24 status.
Which Chase Cards Are Subject to Chase's 5/24 Rule?
In general, it's best to assume that all personal and business cards issued by Chase are subject to the 5/24 rule. When this restriction was first introduced, it only applied to a few specific cards. However, in 2018, Chase expanded the restriction to virtually all Chase cards, including no-annual-fee cards like the Chase Freedom Flex℠.
Are there ever exceptions? Quite possibly. Over the years, we have seen many reports of Chase credit card approvals that should have been denied based on 5/24 status. But it’s awfully hard to verify these claims — and even harder to turn those individual reports into reliable advice.
Some have speculated that the rule isn’t always enforced for certain co-branded cards. Some suggest the “Selected For You” offers from targeted mailers might bypass the 5/24 rule. Or perhaps Chase bends rules for customers that meet certain additional criteria, such as Chase Private Client customers. Without more transparency from Chase, it's tough to draw conclusions.
The best approach is to plan your card applications accordingly. If you're under 5/24, prioritize the Chase cards you want and pursue other cards later.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
- Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, and 2x on all other travel purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
- Member FDIC
- 5X points on Lyft rides through March 2025
- 5X points on travel purchased through Chase
- 3X points on dining at restaurants worldwide
- 3X points on eligible streaming services
- 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 2X points on all other travel
- 1X point per dollar spent on all other purchases
How Can I Check My 5/24 Status?
Chase relies on your credit report to determine your 5/24 status. The best way to figure out if you pass the test is to get a copy of your credit report.
You can sign-up for a free Experian account to get an accurate overview of your 5/24 standing. The process can be a little time-consuming, as you will need to click on each individual record and record the date the card was opened. However, this is a no-cost method of getting your 5/24 status. And the mobile app is definitely easier for this than Experian's website.
Just note that Experian goes out of its way to convince you to sign up for a paid account. But it isn't necessary for checking your Chase 5/24 status. All you need to do is click on the individual records, then Experian will display the date each account was opened.
What If I'm Already Over 5/24?
If you are already over 5/24, you have a tough decision to make. It could be worth avoiding opening new personal credit cards while you wait for some of your existing accounts to age out of the 24-month timeframe. If it's only going to be a few months before you're under 5/24, holding off on applying for any more cards could be worth it to be eligible to open a new Chase card.
However, if it's going to be a while before you're under 5/24 again, consider the opportunity cost of waiting. It might make more sense to continue pursuing sign-up bonuses with other banks, rather than changing your strategy to get in Chase's good graces.
Do Business Cards Factor Into My 5/24 Status?
If you want to apply for a Chase business card, you are still subject to the 5/24 rule. That is to say, Chase will not approve your application for a new business card if you're over the 5/24 limit.
However, you may have read that business cards don’t count toward 5/24. That's true for most business cards but is a source of confusion for many. The reason we say “most” business cards is that select card issuers do report opened accounts to your personal credit report.
Just to recap:
- All personal credit cards from every issuer are recorded on your credit report and count towards your 5/24 status.
- Business credit cards from Capital One, Discover, and TD Bank generally are recorded on your personal credit report. Thus, these business cards count towards your Chase 5/24 status.
- Business credit cards from American Express, Bank of America, Barclays, Chase, and Citi are not recorded on your personal credit report, so they don't count toward your 5/24 status.
How Authorized User Accounts Affect 5/24
If you are an authorized user on someone else's personal credit card account, this account will show up on your credit report and count towards your 5/24 status. Thankfully, you're not stuck with this mark on your Chase 5/24 status. You can have authorized user accounts removed from your 5/24 status in two ways.
Remove the Authorized User Account From Your Credit Report
The first step is to ask the primary account holder to remove you as an authorized user. Once they do, contact the credit reporting agencies to have the authorized user account removed from your report.
Remember to only do this for authorized user accounts opened in the last 24 months. You don't need to remove older authorized user accounts for the sake of 5/24 status. Those won't affect your Chase 5/24 status, plus these accounts can help build your credit history.
Ask Chase to Remove the Authorized User Account During Reconsideration
The other option is to try working with Chase's reconsideration desk after a denial. Chase card applicants have reported success in requesting that a reconsideration agent remove authorized user accounts while reconsidering their card application.
For example, say that you've opened four cards in the last 24 months and are an authorized user on two other accounts opened in the past 24 months. Your 5/24 count will be considered 6/24 for the sake of automatic approvals. But you can call and ask a Chase reconsideration agent to remove the two authorized user accounts from consideration. They can analyze your credit report and see that you're under 5/24.
Not everyone is going to like this method. After all, this requires applying for a Chase card with the knowledge that you'll likely be denied at first. Then, you'll need to call Chase's reconsideration desk — a process that some may find intimidating. Even after all of this, you may still not be successful. But this process is worth it for those who don't want to go through the trouble of removing authorized user accounts from their credit report.
Chase issues some of the best rewards cards available in the U.S., including iconic travel credit cards like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, and Ink Business Preferred® Credit Card. Understanding the 5/24 rule is essential if you want to incorporate Chase cards into your rewards strategy.
Getting back under 5/24 can require some patience if you've opened too many accounts recently. But it can be worth the effort, assuming you calculate what you might lose while waiting to get back under 5/24. For anyone just starting out, planning your initial application strategy around the 5/24 rule will allow you to add Chase’s best rewards cards to your wallet before moving on to other card issuers.
Additional reporting by Miguel Rueda.
Do you pay attention to your Chase 5/24 number? How does it factor into your credit card strategy?
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