In June of 2015, Chase issued a rule that is now famous as the 5/24 rule. The rule basically means that anyone who has opened 5 or more personal credit cards within the past 24 months, cannot get approved for any Chase credit card.

Why does Chase have the 5/24 rule?

Chase put the 5/24 rule in place to help stop what they call gamers, or point churners, from getting their credit cards only to receive the welcome bonus. So even if you have a million dollars in your bank account, if you’ve opened 5 or more credit cards within the last 24 months, Chase sees you as not a good customer for them.

Which accounts do or don’t count towards the 5/24 rule?

Any personal credit card from any bank that was opened in the last 24 months will count towards the 5/24 rule. It does not make a difference if the account is still open or already closed.

Authorized users do not count towards the 5/24 rule, but you may need to call the reconsideration department (phone number: 1800-453-9719) in order to get approved because the computer approval system sometimes does not pick up the difference between an individual account and an authorized user account.

There are some reports that store credit cards do not count towards the 5/24 rule as they can only be used for purchases within that store/brand, and are therefore not considered a normal credit card. Again, you might need to call the reconsideration line and explain this.

Mortgages, car loans, car leases, etc. do not count towards the 5/24 rule.

Do business credit cards count towards the 5/24 rule?

Business credit cards (including Chase business cards) do not count towards the 5/24 rule. 

Some banks report their business cards to the credit bureaus, so once it is reported, Chase cannot see if it is a personal credit card or business card, therefore, it will count towards the 5/24 rule.

Here is a chart of which banks do or don’t report business credit cards on your personal credit report. 

How exactly is the Chase 5/24 rule calculated?

You need to have less than 5 new accounts on your report (5 is not good, you need less) opened in the last 24 months, which is calculated on a month-by-month basis (not day-by-day.) For example, if you opened the first of your 5 credit cards on September 15, 2022, then you will need to wait until October of 2024 to get approved for a new Chase credit card.

Which Chase cards are subject to the Chase 5/24 rule?

All Chase-branded and most co-branded credit cards are subject to the 5/24 rule.  Here is the list of cards.

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• Chase Freedom Credit Card
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• Chase Freedom Flex Credit Card
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• Marriott Bonvoy Boundless Credit Card
• Marriott Bonvoy Bold Credit Card
• United Club Business Card
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• The World of Hyatt Credit Card
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Is there any way to get around the Chase 5/24 rule?

CPC (Chase Private Client) used to be exempt from the Chase 5/24 rule, but not anymore. In my experience, the only way to get around the 5/24 rule is 

• When you see in your Chase account a green pre-approval star with the words “You are already approved”.

• Or, for business cards only, if you do an in-branch paper application with a business relationship manager (you will need to provide tax returns and financial documents).

Some applicants can bypass

Recently, there have been reports of some applicants being able to bypass the 5/24 rule, especially on the Ink cards and the Amazon card. So with the Ink and Amazon card (and some other co-branded cards), the 5/24 rule is YMMV. 

If I applied for a credit card but it still has not shown up on my credit report, is it counted for the Chase 5/24 rule?

No. Chase only counts accounts that are reported. So even if they see a recent credit inquiry, if the account does not report as approved, (with some banks this can take about a month to happen) then you still can get approved for a Chase credit card.

How can I keep track of the Chase 5/24 rule?

Download our CardRight app. You only need to enter the dates you opened your cards once and it will automatically keep track of all the bank rules for you including the Chase 5/24 rule.