Chase 5/24 Rule

In 2016, Chase introduced what the credit card churning community calls the 5/24 rule. What it boils down to is Chase will only allow an individual to open 5 credit cards in a 24 month period. You'll want to keep the 5/24 rule in mind if you're planning on applying for a credit card through Chase because it can be the difference between getting approved or denied for a credit card. If you haven't received a new credit card within the last 24 months, you would be in the clear to open 5 credit cards with Chase. But also keep in mind that Chase does not approve more than 2 cards in a 30 day period. There are also some data points to suggest that Chase will not extend you a combined credit limit that is greater than half your annual income. So if you make say, $60,000/year, there is a chance that Chase will deny you more credit cards if your credit limit with them is already $30,000 or greater. The total credit limit rule is not a hard and fast one and seems to vary a bit from person to person but its good to keep in mind.

There are cards that do and don't count towards 5/24. Below is the list of known cards that fall into either of these categories.

Cards that fall under and count towards Chase's 5/24 rule:

• Cards from any other credit card lender (Citi, American Express etc.)
• Chase Sapphire Cards
• Chase Freedom Cards
• Chase Ink Cards
• Chase Southwest Cards
• Chase United Cards
• Chase Marriott Personal Card (all data points seem to suggest the business Marriott is exempt from 5/24)
• Chase Slate

Cards that do not fall under under and count towards Chase's 5/24 rule:

• Chase Hyatt Card
• Chase IHG Card
• Chase Ritz-Carlton Card
• Chase Marriott Business Card

If you don't see a card that falls under either of these lists, its because there aren't enough data points for it.

Thanks for reading,

Rybos