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Update: The CreditKarma process highlighted in the post below no longer works. We are researching a new way of checking your 5/24 status and will update this post when we have a new process to share.
Of all the restrictions placed on credit card applications, Chase’s 5/24 policy is one of the most prohibitive. The policy applies to almost all Chase-issued rewards cards — including crowd favorites like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, and Ink Business Preferred® Credit Card
In short, Chase restricts card approvals to applicants with less than five new credit card approvals in the previous 24 months. If you’ve opened five or more personal cards in the last 24 months, it’s highly unlikely that Chase will approve you for a new Chase credit card.
A question we field on a regular basis, both here on the blog and in AwardWallet’s Facebook community, Award Travel 101, is how to check your 5/24 status. We recommend keeping a detailed spreadsheet tracking all of your credit card application, approval, and cancellation dates. If you don't already have these details, there are free tools that can help you determine your Chase 5/24 status.
A Quick Recap of Chase's 5/24 Policy
The 5/24 policy restricts the approval of new Chase credit cards to applicants with less than five new credit card accounts opened over the past 24 months. Chase applies this restriction to essentially all Chase credit cards — including all Sapphire, Ink, Freedom, airline, hotel, and business credit cards.
Here are the main takeaways from our in-depth post on 5/24:
- All personal credit cards opened in the past 24 months (from any card issuer) count towards your 5/24 status. For example, say you’ve opened one card each with American Express, Bank of America, and Barclaycard in the previous 24 months. You would be 3/24 — even though none of the cards are issued by Chase.
- In most cases, Chase doesn’t count business cards toward your 5/24 status, including Chase cards. This can be confusing as applications for the Ink Preferred are still subject to the 5/24 policy. However, if you're approved, Chase won't count this card towards your 5/24 status when applying for another Chase card.
- The exceptions to this rule are Capital One and Discover. Both card issuers report small business cards to your personal credit report. Thus, these business cards will count towards 5/24.
- Even if you subsequently close a card, that card will still count towards your 5/24 status
- Authorized user accounts count towards your 5/24 status when you submit your Chase credit card application. However, many crowdsourced data points indicate that authorized user accounts alone can be taken out of consideration if you talk to a human customer service representative.
- Other loans you have such as car loans, personal loans, mortgages, and tuition don’t count towards your 5/24 status.
The Free and Easy Way to Check Your Chase 5/24 Status
There are a variety of ways to check your 5/24 status for free — including apps like those from Experian or counting the new cards on your free annual credit report from AnnualCreditReport.com. However, we found the easiest way is to sign up for a free Credit Karma account and use that to check your 5/24 status. It’s easy to use, it's free, and provides accurate information.
You’ll need to create a free Credit Karma account before you can check your 5/24 status. You can sign-up for an account in just a few minutes, confirm your identity by answering some security questions, and you’re ready to go.
Check your 5/24 status on CreditKarma.com
1. Log in to your account from the Credit Karma homepage
2. Once logged in, navigate to this link or cut and paste it into your browser: https://www.creditkarma.com/myfinances/creditreport/#accounts. This will display all of the accounts on your credit report.
3. Use the ‘Sort by Date' tool to sort these accounts. Then count the number of accounts opened in the past two years.
How to Determine Which Accounts are Authorized User Accounts
You can expand the details for each card by clicking on it. Credit Karma will provide the open date and status of the card, and clarify if the card is a primary cardholder account or an authorized user account.
If you are the primary cardholder on the account, the Responsibility row will show “Individual”:
If you are an Authorized User on the account, the Responsibility row will show “Authorized User”:
When you’ve tallied all the cards together, you have your 5/24 status. For example, say you’ve opened four cards in the past 24 months that remain open and opened two cards in the past 24 months which are now closed. Your current 5/24 count would be 6/24. Chase likely won't approve you for any new Chase cards until two of those cards drop out of the 24-month period.
Because of Chase’s inflexible application rules, we recommend building out your portfolio of Ultimate Rewards earning cards before diversifying into other rewards currencies. If you focus on other card issuers and climb over 5/24, it can be a real hassle trying to drop back under 5/24. And it's no fun missing out on Chase's record-high sign-up bonuses!
Do you still have questions on how to check your 5/24 status? Or, do you have other free methods you use to track your 5/24 status? Let us know in the comments below!
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