The Chase 5/24 Rule is P*SSING ME OFF!

The Chase 5/24 Rule is driving me CRAZY! I’ll explain why in 5-6 reasons. Hopefully it’ll help you with your own credit card strategy, both with Chase credit cards and with other card issuers. Click “Show More” to see Ad Disclosure.

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THE CHASE 5/24 RULE: DEFINED
Chase will automatically deny a credit card application if you’ve opened 5 or more credit cards with any bank in the last 24 months that appear on your credit report.

🎬 VIDEO - Chase 5/24 Rule Explained (Full Details)
https://youtu.be/muJEN8C86JY

WHY THE CHASE 5/24 RULE IS DRIVING ME CRAZY!!

REASON #1: I missed out on so many great Chase offers.
- Chase Sapphire Reserve: 100,000 Ultimate Rewards points
- Chase Sapphire Preferred: 80,000 – 100,000 Ultimate Rewards points
- Chase Freedom Unlimited: $200 cash back + 5% groceries for 1 year
- Southwest Rapid Rewards Premier: 100,000 Rapid Rewards points
- IHG Rewards Club Premier: 150,000 IHG points, $50 Statement Credit, Annual Fee waived in Year 1

REASON #2: I missed out on so many great offers from other banks while waiting to get below 5/24 again.
- Citi Premier Credit Card: 80,000 Citi ThankYou points
- Citi Custom Cash Card: $300 cash back
- Delta SkyMiles Platinum: 90,000 Delta SkyMiles
- Capital One Savor: $500 cash back
- Capital One Venture: 100,000 Venture Miles

REASON #3: I’m 100% blocked from all personal credit cards from all banks, no matter how much I want them.
- Chase Sapphire Preferred (waiting for an 80K+ welcome offer)
- IHG Rewards Premier (new version coming soon, plus an IHG Business card)
- Frontier Airlines World Mastercard (helpful to maintain elite status)
- Capital One SavorOne (awesome for dining & entertainment purchases)
- SoFi Credit Card (excellent 2% cash back credit card)
- Sonesta World Mastercard (great hotel credit card)

REASON #4: When below 5/24, Chase business cards ought to be prioritized (if eligible) before personal ones. This is because in order to get a Chase business credit card, you must be below 5/24 to apply and get approved, but if approved, it will not count against the 5/24 Rule.
- Example: You’re at 4/24, apply & get approved for a Chase Ink business card, and you’re still at 4/24 after.

REASON #5: A Chase business card I want isn’t available. I’m considering the Chase Ink Business Premier card, which was supposed to launch in late February 2022. The landing page showed a countdown timer, and when it expired, the landing page was changed to say, “Coming Soon.” It’s now been 3+ weeks with no news.

REASON #6: I’m a (reasonably) good customer, but that doesn’t matter. I currently have 5 Chase credit cards on the personal side ranging from 3+ years to 7+ years of account history, 3 Chase business cards, a checking account & a savings account (both personal). Despite a strong overall banking and card relationship, none of it helps you get around the Chase 5/24 Rule.

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#chase524rule #chasesapphire #chasecreditcards