Tag: rule

Chase’s 5/24 rule: Everything you need to know

Editor’s note: This is a recurring post, regularly updated with new information.

In the points and miles world, a mention of the infamous 5/24 rule is sure to follow whenever a Chase card comes up. In short, this refers to the unofficial rule that Chase won’t approve a credit card application for someone who has opened five or more new credit cards from any issuer in the past 24 months.

However, without any published policy from Chase, dissecting the 5/24 rule still relies heavily on crowdsourced data. There are outlier data points that can turn out to be false, as well as exceptions to what we generally believe to be true.

Here’s everything you need to know about Chase’s 5/24 restrictions.

What is the 5/24 rule?

In order to be approved for any Chase card subject to 5/24, you cannot have opened five or more personal credit cards across all banks in the last 24 months (more on business cards in a moment).

Chase credit cards are some of the most popular offerings available — which is why you need to be aware of the 5/24 rule. WYATT SMITH/THE POINTS GUY

This means you actually need to be under 5/24 to be approved. The 5/24 rule only applies to getting approved for cards issued by Chase, but your 5/24 count includes credit cards from all banks.

Related: The best ways to use your 5/24 slots

Are all Chase cards subject to 5/24?

Most travel cards issued by Chase are subject to 5/24 for approval, including cobranded cards. The following are cards reported to be subject to the 5/24 rule:

*The information for these cards has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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