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As many of you are aware, Chase has what’s referred to as the 5/24 rule, where you can’t be approved for many of their cards if you’ve opened five or more new card accounts in the past 24 months. Nowadays this rule applies to a majority of Chase cards, including the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® Card, and Ink Business Preferred℠ Credit Card.
Readers often ask me which cards aren’t subjected to this rule, so in this post I wanted to recap the four personal cards that you can get if you’ve exceeded the 5/24 limit, including the current sign-up bonuses, value propositions of the cards, etc.
Chase’s 5/24 policy
With Chase’s 5/24 policy, you typically won’t be approved for a card if you’ve opened five or more new card accounts in the past 24 months. Here’s what you should know about 5/24:
- A vast majority of new credit card accounts will count towards that limit, meaning that opening five or more cards in 24 months will make you ineligible for certain Chase cards
- One exception is most non-Chase business cards, like The Business Platinum® Card from American Express OPEN, The Business Gold Rewards Card from American Express OPEN, The Blue Business℠ Plus Credit Card from American Express, etc., don’t count towards this limit
- There are people who report not having any issues being approved for a card even though they surpassed the 5/24 rule, so it’s not consistently enforced
- The 5/24 rule doesn’t apply to all Chase cards, meaning that there are some Chase cards you can still easily be approved for if you’ve opened five or more card accounts in the past 24 months, which I’ll be taking about below.
- This is mostly anecdotal, since Chase doesn’t officially publish this restriction for most cards
How many Chase credit cards can you have?
There’s no set limit to how many Chase cards you can have. I have seven right now, though I know people who have more than that. With Chase the limiting factor is typically the total amount of credit they’re willing to extend you. This means that if you apply for a new card and are maxed out in terms of the credit Chase is willing to issue you, you may be asked to switch credit lines around.
The 4 Chase personal travel cards you can get if “over” 5/24
Below are the four personal Chase travel credit cards that you can be approved for even if you’ve opened five or more new card accounts in the past 24 months. In the case of the terms of the welcome bonus, you can earn the bonus on a given card as long as you don’t have the card right now, and haven’t received a new cardmember bonus on the card in the past 24 months.
In no particular order, here are the four cards:
Sign-up bonus: 40,000 World of Hyatt bonus points after spending $2,000 within the first three months, plus 5,000 bonus points after adding an authorized user and having them make a purchase within that same time period
Annual fee: $75
This card offers 40,000+ points that can be redeemed at lots of great Hyatt properties. In the past the sign-up bonus was just for two free nights at any property rather than 40,000 points, so the new bonus gives you a lot more flexibility. On top of that, the card offers a complimentary annual free night certificate valid at any Category 1-4 property, which for most people should more than offset the annual fee.
The card also offers World of Hyatt Discoverist status, which gets you 2PM late check-out, preferred rooms, bonus points, and more. Lastly, if you spend $50,000 on the card in a calendar year you’ll receive Explorist status, which gets you upgrades to the best available non-suites and four club lounge passes per year.
I redeemed my anniversary free night certificate at the Park Hyatt Saigon last year
Sign-up bonus: Earn 60,000 bonus points after you spend $1,000 on purchases within three months
Annual fee: $0 introductory annual fee the first year, then $49
The single biggest benefit of this card is that it offers an annual free night certificate at any IHG property in the world on your account anniversary. That’s incredible, given that this is also the hotel credit card that has among the lowest annual fees. There are no category restrictions on the free nights, so you can redeem the points at a hotel that would cost 70,000 points per night.
Furthermore, the card offers IHG Rewards Club Platinum status for as long as you have the card, plus a 10% refund when you redeem points, for a total of up to 100,000 refunded points per year.
I redeemed my anniversary free night certificate at the InterContinental Geneva a couple of weeks ago
Sign-up bonus: Earn 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months from account opening. Earn an additional 25,000 bonus Avios after you spend $10,000 total on purchases within your first year of account opening for a total of 75,000 bonus Avios.
Annual fee: $95
Avios are incredibly useful for shorthaul travel, given their distance based award chart. Avios can efficiently be redeemed for travel on Alaska and American on domestic flights.
On top of that, the card offers a Travel Together ticket when you spend $30,000 on the card per year. With this voucher you can have a companion fly with you on a British Airways award ticket, and they just have to pay the carrier imposed surcharges and fees, and not the actual Avios (though those fees can be high).
Redeem British Airways Avios on LATAM
The Ritz-Carlton Rewards® Credit Card (not currently accepting applications)
Sign-up bonus: n/a at present
Annual fee: $450
This card has a high annual fee though offers a $300 annual travel credit, Ritz-Carlton Gold status (which is also valuable at Marriott properties), a $100 domestic companion airfare benefit, three Ritz-Carlton club upgrades per year, etc.
You can redeem these free night certificates at the Ritz-Carlton Laguna Niguel
The above are the four Chase personal travel cards that you’re potentially eligible for if you’ve opened five or more new card accounts in the past 24 months.
These are all fantastic cards. Personally I have The Hyatt Credit Card, IHG® Rewards Club Select Credit Card, and British Airways Visa Signature® Card. I love the Hyatt and IHG Cards for the annual free night certificates they offer, and I just picked up the British Airways Card last year. The reason I don’t have the Ritz-Carlton Card is because you can only be a member of Marriott Rewards or Ritz-Carlton Rewards, and I’m a member of Marriott Rewards.