Chase 5/24 Rule

- Dec 29, 2017 Credit Cards0 comments

Updated: 02/23/2020

What Is The Chase 5/24 Rule?

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

Why Does Chase Have The 5/24 Rule?

Chase put in place the 5/24 rule in order to help stop what they call gamers or point churners from getting their credit cards in order to only receive the opening bonus. So even if you have a million dollars in your bank account, if you have opened 5 or more credit cards in the last 24 months, Chase looks at 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.

Business credit cards (including Chase business cards) do not count towards the 5/24 rule. (Some banks, like Capital One and TD Bank, report their business cards to the credit bureau, 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.)

Authorized users do not count towards the 5/24 rule, but you may need to call the reconsideration department (phone number: 18004539719) 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 so they are 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 counts towards the 5/24 rule.

How 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 to month bases (not day to day.) For example, if you have opened the first of your five credit cards on September 15, 2015, then you will need to wait till October of 2017 to get approved for a new chase credit card.

Which Chase Card Are Affected By The Chase 5/24 Rule?

As of 11/13/18, Chase expanded the rule to include all Chase branded and Co-Branded credit cards.

The following credit cards are affected by the 5/24 rule:

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 by being pre-approved in the bank for a credit card.

There is a lot of data points that “Selected For You” offers that appear when you login into chase.com, in the bottom on the left-hand side banner may also bypass the 5/24 rule.

(You can read on Doctor Of Credit some more data points on what may bypass the rule).

If I applied For A Credit Card But It Still Did Not Show Up On My Report Can I Get Approved For A Chase Card?

Yes. Chase only counts accounts that are reported. So even if they will see a recent credit inquiry, but 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.


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Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

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  1. Cool Trick On How To Trigger A Chase Pre-Approval - HELP ME BUILD CREDIT! - […] two years ago Chase started enforcing, what is now famous as the 5/24 rule. Basically, this means that if…
  2. 2018 Recap - Help Me Build Credit - […] Chase 5/24 Rule […]
  3. Reconsidering A Declined Credit Card Application- Everything You Need To Know - Help Me Build Credit - […] Not every decision can be overturned. For example, if Chase declined you for “too many recently opened accounts” that…
  4. Know the Approval Rules Set by Credit Card Issuers - Help Me Build Credit - […] you will automatically get declined even if you have perfect credit. The most famous rule is the Chase 5/24…
  5. Big Changes Coming To The Chase Freedom and Freedom Unlimited Cards - Help Me Build Credit - […] Q: Does the 5/24 rule apply for the Freedom Flex card? A: Nothing is confirmed yet but it would most…

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