Chase to Limit Card Approvals on Co-Branded Credit Cards (5/24)

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According to Doctor of Credit, Chase will begin limiting co-branded credit card applications to individuals with less than 5 card applications, from ANY bank, every 24 months. This means if you have had 5 credit applications, from any bank, in the last 24 months you will be unable to get a Chase card.  The rule will be implemented to all chase personal and business cards in April. The same rule was already instituted last year for the Chase Sapphire Preferred and Chase Freedom Cards. This is a massive blow to the points game and our method of free travel in general. Chase has some of the most lucrative co-branded cards such as Southwest, Hyatt, Marriott, IHG, United, British Airways, and Fairmont.

Within the last six months, Chase has started to crack down on credit card applicants who routinely apply for multiple Chase credit cards. If you have been working the system and apply for Chase cards every 24 months, to earn the bonus again, you’ll soon be out of luck!

 

Old rule:

  • Chase sign-up bonuses can be earned again 24 months after earning the previous bonus!

New rule: (April ’16)

  • Applicants will only be approved for any Chase credit card, if they have had less than 5 credit inquiries, from ANY bank, in the last 24 months.

 

Thrifty Tip #1: If you’re new to the points game you should apply for Chase cards first, before you get too many inquiries.

Thrifty Tip #2: The chase application rules are no more than 3 applications in 6 months and generally no more than 4 in one year.

 

Our favorite Chase co-branded cards:

  • Sapphire Preferred (not co-branded but falls under 5/24 already)
  • Ink Business (not co-branded but falls under 5/24 already)
  • United
  • Hyatt
  • Southwest (x3)
  • IHG
  • Marriott
  • British Airways

 

Bottom Line

For many years now Chase was our go to source for points and miles. With Chase cracking down on applicants, we’ll have to look for other avenues to fund our favorite airline and hotel programs. If true the rumor is true, this will severely impact how many of us travel on points and miles. The following are a few examples of how much value the co-branded credit cards can provide.

I can’t begin to explain how this will impact our travel. Hopefully the implementation of the new rule will take longer, and we’ll be able to get more applications in. Rough day for the points game.

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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.

2 Responses

  1. Chelsea says:

    Will the 5/24 rule apply to the business card versions as well? We’re all gonna need a fresher course on how many Chase card we can apply for in a day/week/month… I know I’ve got 5 more Chase cards I want before this rule takes effect 🙁

    • Great question Chelsea! This applies to all Chase credit cards. I’ve updated the article to reflect that as well as the Chase application rules. The Chase application rules are no more than 3 applications in 6 months and generally no more than 4 in one year. There are no written rules but this is what I’ve seen based on experience.

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