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Midway through November, we started seeing reports of Chase’s 5/24 policy being applied to co-brand cards not previously subject to the tighter application restrictions. Data points from the AwardWallet Facebook community, Doctor of Credit, and Reddit, suggest Chase has tightened its application requirements for many co-brand rewards cards which now appear to be subject to 5/24.
For those not familiar with the Chase 5/24 policy, if you’ve opened five or more personal credit cards from any card issuer in the previous 24 months, it's a near certainty that Chase will deny your application for all Ultimate Rewards earning cards, plus the majority of its co-brand and cash-back cards.
Stricter Application Restrictions for Co-Brand Chase Cards
Chase doesn’t publish details of its application restrictions, so it’s difficult to obtain concrete information. But, prior to November 13, 2018, select co-brand cards from Hyatt, Marriott, and IHG, plus the trio of Avios earning cards had been exempt from the rule, with folks well over the 5/24 threshold regularly getting approved for the cards.
Since then, dozens of data points across multiple points-related websites and forums all but confirm Chase is implementing tighter application restrictions on cards previously unaffected by 5/24, including:
- The World of Hyatt Credit Card
- British Airways Visa Signature® Card
- Iberia Visa Signature® Card
- IHG One Rewards Premier Credit Card
During the World of Hyatt Card, which allows you to spend your way to top-tier elite status, and the The New United℠ Explorer Card, which opens up additional award space available only to cardholders.
Final Thoughts
It's hard to know for sure if the policy affecting these co-branded cards is an expansion of the existing 5/24 rule or something new. Many of the early data points we’ve seen merely state “too many new accounts in 24 months,” without providing concrete info on how many cards the person already holds, or their exact x/24 count.
For now, it's best to assume you will be denied for a Chase co-brand card if you are above 5/24, even if that card was previously unaffected by the 5/24 policy.
If you applied for one of the cards mentioned above after November 13th, 2018, we’d love to hear about your experience in the comments. Please be sure to include your 5/24 status, the co-branded card name, and the result of your application.
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