![]() That is because - with a few exceptions - business card applications generally don’t appear on personal credit report. While Chase business credit cards are subject to the 5/24 rule, business cards won’t typically count toward your 5/24 status. ![]() ![]() The 5/24 rule applies to all personal and business cards issued by Chase, including cobranded credit cards. Which cards are subject to the 5/24 rule? The 5/24 rule applies to almost all Chase credit cards, including popular ones like the Chase Sapphire Preferred and Chase Sapphire Reserve®. Simply put, if you’ve opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card. The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Without further ado, here is everything you need to know about the 5/24 rule.Ĭhase's 5/24 rule plays an important role in whether or not you'll be approved for a Chase credit card. By understanding it, you can better plan your credit card applications to have the best chance of being approved for the cards you want. It’s important to be aware of the 5/24 rule because it can significantly impact your ability to qualify for a Chase credit card. This rule applies to all Chase credit cards, including co-branded and small business cards. Chase will likely deny your credit card application if you’ve opened five or more new cards in the past 24 months. The Chase 5/24 rule is an important consideration for anyone applying for a Chase credit card. While it may be tempting to apply for multiple Chase cards, one glaring (yet unofficial) policy might stand in the way of an approval: Chase’s 5/24 rule. In the world of reward credit cards, Chase is arguably king, thanks to the Chase Sapphire Preferred® Card, Chase Freedom Flex℠ and an impressive line-up of co-branded airline and hotel cards from brands like United Airlines and Hyatt.Ĭhase stands out from the pack and continues to be a popular choice for savvy consumers who want to maximize rewards on everyday purchases. Enrollment may be required for select American Express benefits and offers. Terms apply to American Express benefits and offers. We may receive a commission through our affiliate partners if you apply and are approved for a product, but our reporting is always independent and objective. Your CNN account Log in to your CNN accountĬNN Underscored reviews financial products based on their overall value.
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