Applying for credit cards to travel more comes with all kinds of considerations, from protecting your credit score to navigating different banks and mastering all the different points and miles out there.
Chase is one of the titans of the world of points and miles, and it has one of the most important restrictions to keep in mind. It’s called the 5/24 Rule, and it means you may get denied for new Chase credit cards depending on how many cards you’ve already opened.
We’ll run you through the basics of this rule, how it works, and why it means you should prioritize getting Chase credit cards before looking to other banks if you’re getting started in this world of travel rewards.
What is the Chase 5/24 Rule?
The Chase 5/24 rule is a hard and fast restriction rolled out years ago in order to limit card applicants from opening credit cards for the sole purpose of earning the bonus rewards.
Here’s what it boils down to:
- If you have opened five or more credit cards in the past 24 months from any bank (not just Chase cards), you will not be approved for Chase credit cards, regardless of your credit score or history with Chase bank.
- The rule does not count credit inquiries, but rather card products you have applied and been approved for.
So if you have opened five or more new credit cards in the past 24 months, you will likely not be approved for Chase credit cards that are subject to the 5/24 rule. As you’ll see, nearly all of Chase’s personal credit cards fall under this rule. And Chase isn’t just looking at your history with Chase cards to make this determination, but any bank.
The rule is not officially published through any of Chase’s platforms. Case in point: If you ask about it in a Chase branch, employees have likely not heard of it.
What Chase Credit Cards are Affected by the 5/24 Rule?
The following list of credit card products are all affected by the Chase 5/24 rule. So if you’re over that threshold, you will not be approved for any of these cards.
- Chase Sapphire Preferred
- Chase Sapphire Reserve
- Chase Freedom
- Chase Freedom Unlimited
- Chase World of Hyatt Credit Card
- Chase IHG Premier Credit Card
- Chase IHG Travelers Credit Card
- Chase Ink Preferred Business Card
- Chase Ink Cash Business Card
- Chase Ink Business Unlimited Card
- Chase Marriott Bonvoy Boundless Card
- Chase Southwest Priority Card
- Chase Southwest Premier Card
- Chase Southwest Plus Card
- Chase Southwest Premier Business Card
- Chase United MileagePlus Club Card
- Chase United MileagePlus Club Business Card
- Chase United MileagePlus Explorer (Personal & Business)
- Chase Starbucks Card
- Chase Slate
- Chase British Airways Card
- Chase Iberia Card
- Chase Aer Lingus Card
- Chase Marriott Premier Business Card
- Chase Ritz-Carlton Card
- Chase Disney Card
- Chase Amazon Card
- Chase AARP Card
Thanks to the ability to transfer Chase points to airlines or use them to book flight deals directly with some extra value, Chase Ultimate Rewards are some of the most valuable points you can get. Add in the 5/24 rule, and it’s easy to see why we recommend beginners look at Chase cards from the list above before moving on to other banks.
If you wait to open a card like the Chase Sapphire Preferred or Chase Sapphire Reserve, it might be too late.
Do Authorized User Accounts Count Toward the Chase 5/24 Rule?
Authorized user accounts will typically appear on your credit report. Because of this, they will be counted towards your 5/24 status. There are many data points out there that suggest calling into the Chase reconsideration line may result in some representatives removing authorized user accounts from your 5/24 status.
This ultimately allows you to be approved for Chase cards, assuming your authorized user accounts put you over the 5/24 rule. Chase’s reconsideration phone lines are as follows:
- Reconsideration (Personal): 888-270-2127
- Reconsideration (Business): 800-453-9719
Other Important Data Points
Retail Store Credit Cards: If you have specific retail store credit cards, these will only count towards your 5/24 status if the card can be used outside of the specific store. This means if the card has a payment network listed on it such as Visa, American Express, Discover or Mastercard, it will be counted. If not, the card will not count against your 5/24 status.
Other Lines of Credit: Mortgages, auto loans, etc. should not count towards your 5/24 status as they are not a bank card. The Chase 5/24 rule will not apply to these lines of credit.
How are 24 Months calculated?: This is calculated on a card membership basis, not a calendar year. For example, if you are above 5/24 and fall below it on May 15th, you would need to wait until June first before you applied for a card that was subjected to the Chase 5/24 Rule.
Thrifty Tip: Use the Travel Freely 5/24 Counter to track your status as it relates to the 5/24 rule. This is an amazing resource, as it automates tracking your accounts and saves a ton of time. The best part? It’s completely free.
If you understand the restrictions of the Chase 5/24 rule, you should be able to navigate it without much issue. This is the most restrictive credit card application rule out there and it is the reason we always recommend that Chase cards should be among the very first you apply for.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.