Chase 5/24: What Is It & How Do You Check It?

Filed Under: Advice, Chase
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Chase issues some of the best rewards credit cards out there. When it comes to applying for Chase credit cards, people frequently find themselves faced with Chase’s “5/24 rule,” which is one of the restrictions they have in place.

So in this post I wanted to take a closer look at what exactly the rule is, and how you can check your status towards this limit.

What Is The Chase 5/24 Rule?

With Chase’s 5/24 rule, you typically won’t be approved for a Chase credit card if you’ve opened five or more new card accounts in the past 24 months (as I’ll cover below, some cards don’t count towards that total).

Why Does Chase Have The 5/24 Rule?

All credit card issuers have some policies in place to attract new cardmembers. Given how generous many card offers are, they try to create some rules that they think will encourage profitable behavior.

While Chase has never publicly explained this, the assumption is that the 5/24 rule is intended to encourage profitable behavior, and to prevent card members from being approved who may not have long-term plans to be clients.

Of course, there’s no perfect system, but it seems that their metrics suggest this is working, because they’ve expanded this since it was first introduced.

What Chase Cards Are Subjected To The 5/24 Rule?

While only limited cards were subjected to this rule when it was first introduced, nowadays all Chase cards are subjected to the 5/24 rule. So as a general rule of thumb, don’t expect you’ll be approved for any Chase cards if you’re above their limit.

Do Business Cards Count Towards The 5/24 Limit?

You’re above the Chase 5/24 limit if you’ve opened five or more new card accounts in the past 24 months. However, as I hinted at, not all cards count towards that limit.

The most notable exception is that many business card applications won’t count towards the 5/24 limit. Why? Because generally, business cards won’t show on your personal credit report as a new card.

Based on the way Chase checks your eligibility, they wouldn’t see the business cards you’ve opened.

So applying for cards like The Business Platinum® Card from American ExpressThe American Express® Business Gold CardThe Blue Business® Plus Credit Card from American Express, etc., don’t count towards the 5/24 limit.

The same is true of Bank of America, Chase, and Citi cards. The exception is that Capital One business cards typically show on your personal report, so those would count towards the limit.

How Can You Determine Your 5/24 Status?

One question I’m often asked is how you can see your status as it relates to 5/24. Most people probably remember how many cards they’ve opened in the past 24 months, but for those who don’t, there’s an easy and quick way to look it up.

My preferred way of looking it up is through Credit Karma. You can register for Credit Karma for free, which is an easy process. You’ll just need to enter some personal information and then verify some security questions, all of which should take just a couple of minutes.

Once you’re logged into your account, you should see your credit scores displayed.

If you click on the “Credit” section you can see all kinds of interesting information, though this won’t accurately show your 5/24 status.

The easiest way to definitively check your 5/24 status is to view your accounts after you log into your Credit Karma account. This is a page that’s part of their older interface that isn’t otherwise accessible off the main site anymore, and it’s also the only part of the site that will show you the accurate info you need.

This page will basically show your entire card history. On this page, click the “Open Date” button, which will sort all of these accounts based on when they were opened (if you push it twice you’ll see the most recent inquiries at the top, rather than at the bottom).

That will show you all the cards you’ve opened, including those that you’ve closed in the meantime. For example, in my case, I’m exactly at 5/24. My fifth most recent opened account was on September 23, 2017, so in about a month I’ll once again be below the 5/24 limit.

I always recommend waiting until the beginning of the following month before applying, so in the above case I’d wait until October 1 before applying for a Chase credit card.

There are a couple of other things to be aware of and consider:

  • Only credit cards count towards this limit, and not car loans, mortgages, etc.
  • It can sometimes take a while for recent applications to show on your report, so if you’ve applied for a card in the past few weeks, it may not be on there yet

Which Are The Best Chase Cards To Get Under 5/24?

Chase has so many excellent rewards cards, which is why it can be tough to choose which to apply for.

On the most basic level, I love the Ultimate Rewards program. This includes the following four excellent personal credit cards:

Then there are three great business cards earning Ultimate Rewards points:

The ideal setup is to have six of the above seven cards, which I consider to be the Chase “holy grail” (and it’s also what I have). The reason I say six of the seven cards is because you have to choose between the Sapphire Preferred and Sapphire Reserve, though in the other cases you can get all the cards, and they make amazing complements.

If you’re applying for Chase cards while under 5/24, I’d generally recommend applying for business cards before personal cards. That’s because while both business and personal cards are subject to 5/24, business card applications don’t count as further applications towards the limit.

Chase also has lots of great co-branded credit cards to consider, including the:

Chase 5/24 Summary

All card issuers have restrictions in place regarding who they will and won’t approve for cards. One of Chase’s primary restrictions is the 5/24 rule, which means you typically won’t be approved for a card if you’ve opened five or more new card accounts in the past 24 months.

Hopefully the above is a good outline of how to determine your “status” towards that limit.

Chase has some of the best rewards cards out there, so if you’re underneath the limit, there are lots of great cards to consider.

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Comments
  1. I’ll be at 4/24 in February, and am also interested in the Ink Business Preferred. If I select a business category of “Individuals” on the application will that be problematic?

  2. This is not true. The way that you have put forth only shows the current cards that are OPENED. If you closed an account, it will not show up here. The better way is to look at total accounts which give both the open and closed ones. Very misleading post.

  3. Lucky,
    I could be wrong, but I think that only takes the age of the open accounts. So if you closed any cards during that period, they could still count part of 5/24.

  4. As the others above me pointed out, this is not an accurate way to check your 5/24 status, as accounts that you’ve closed are not shown, but still count against your 5 if they were opened in the last 24 months.

    Lucky, you should probably correct this post.

  5. My experience with Chase was awful. I looked at my credit history and I was 3/24 so I applied for a card and was denied. I called Chase and they said I was 6/24, I told them that was not possible. Finally the Chase rep, on the reconsideration line, read back what they viewed as 6/24…3 were authorized users on my wife’s accounts. Again, more ‘discussion’ about it and they finally agreed that those 3 should not have counted against me.

    Even if you look it up and see you’re in the clear…YMMV

  6. @Robert: Your experience mirrors my own. Chase definitely counts cards on which you are only an AU towards 5/24. You will have to call and talk to them if these put you above 5, and be prepared to say you hardly use the cards on which you are an AU. (In one case the agent said those cards count because they’re cards you use, which is probably NOT the reason for the 5/24 policy, but the agent backed down when I said I don’t use those cards much.)

  7. As others noted, completely inaccurate information. Lucky, I’m surprised you’re willing to deceive your readers for a few extra bucks.

  8. Thanks for the great PSA!

    Tried it myself and I’m at 5/24, with 1 credit card that will be 2 years in 3 months.

  9. Jay, you need to consider the possibility that Lucky just made a mistake and didn’t understand that closed accounts don’t show up.

    Unfortunately the anonymous nature of the Internet hasn’t been kind to civil conversation. I don’t think if any of us was having a face to face with Ben and he said you that you could check your 5/24 status online we’d think it was appropriate to accuse him of deceiving us. Instead we’d politely point out that he’s mistaken and tell him why.

    There is nothing wrong with pointing out when someone is incorrect, or even when you think they are behaving poorly, but let’s treat each other with respect when we do so.

  10. Thanks Steve for saying what I wanted to say. I use the Experian app. It shows both closed and open accounts and can be sorted by newest to oldest.

  11. @lucky
    since people are on you about ‘closed’ accounts, you can click on “view all accounts” which takes you to all your accounts. Scroll down and there’s a section that shows ‘closed accounts’

  12. @Steve, There is no disrespect here. In fact I was be inclined to give him the benefit of the doubt until I saw his Credit Karma link is an affiliate link. I doubt Experian is paying him a referral fee hence why he has no incentive to list them as the most accurate way of checking 5/24.
    Secondly, if he truly cared about being truthful, he would go back and update this post after being corrected by numerous readers, which it appears he won’t be doing and thus proving that he cares more about collecting referrals to pay for his Emirates F reviews than educating readers with truthful and accurate information.

  13. Is tere a way to identify which ones I’m AUs on in Credit Karma? Of course I can do it by hand, but that’s not easy.

    Also, this seems to include BofA Alaska business cards, which I thought didn’t count

  14. @Jay–or, you know, you might consider that he’s currently in the midst of a pretty extensive trip and might not have even seen the comments in the past couple of hours. You don’t actually think that he sits there and lives posts these do you? I imagine a lot of these info type posts were written and programmed to go live while he’s gathering more information for reviews.

  15. I’d also suggest checking out Chase’s own mycreditjourney to look up cards opened in the past two years. My guess is that’s closest to the numbers Chase is looking at.

  16. I’d use mycreditjourney myself, except that it’s an incredibly stupid name and in general, stupidity should not be rewarded, especially when it comes from a multi-billion dollar bank.

    And thanks, Steve, for pointing out what most of us feel. Sometimes a mistake is just a mistake.

  17. SNIC: I’m sure your pantry is only full of foods with smart names, and I applaud you for taking this stance.

  18. Looks like the Expirian app is a better way to access this info. Click on revolving accounts. Sort by date, boom!

  19. Yeah this post is a bit misleading. The best way is just to count up to when you have 4 cards in your most recent accounts. Assuming you don’t close anything within a year, guaranteed there are no closed cards that are showing up.

  20. I wasn’t aware that didn’t include closed accounts. I’m updating the post now. Honest mistake on my part, I apologize (and for what it’s worth, I’ve been asleep for the past few hours).

  21. 5/24 is like your virginity. Once you lost it you are forever tainted.

    Don’t pretend like you are also innocent again.

  22. Note also that Credit Karma does not provide actual FICO credit scores. They provide Vantage 3, which is a simulation of FICO Score 8. Credit Karma’s scores can easily be off from 35-100 points (right now they are 100 points low on my Equifax score, for example).

    Credit Karma is a good tool for learning basics of credit, but it’s pretty limited beyond that.

  23. Jay, I can only suggest that when you think someone has done something you feel is wrong give them a chance to respond before accusing them of underhanded conduct. I think if the shoe was on the other foot you’d like it that way.

    I’ve been a reader of this blog just about since day one and I’ve seen a marked change in the tone of the comments. People are very combative now and I’m not understanding why. I read your justification and I’m not convinced that the moment you see a mistake you chalk it up to bad faith. Judgement as to someone’s character should be based on a lot more than just how they handle one situation, let alone whether they address it in real time.

    People can disagree as to whether as to how this was handled but at least give Ben the time him to decide what he is going to do and to do it before damning him for his actions.

    I’m an old guy. I’ve was on the Internet before the name existed (it was Arpanet then). There were no more than probably a hundred of us all told and the assumption until proven otherwise was that everyone else was a pretty decent guy. It seems the assumption now is that he’s an unsavory fellow who deserved to be flamed. All I’m suggesting is that as far as this website and this group of people let’s at least assume that everyone else is more or less like we are. Human. Flawed but pretty much mean well.

    I’ll assume that’s the case with you. I’m sure your a decent guy. If you’ve been reading this site for a while take the whole of that to decide if Ben is too.

  24. So far this article or any comment has not correct told anyone how to check their 5/24 status. You do this by “checking your credit report”. It doesn’t matter what reputable source that you use. However, I’m sure that there are many in this points/miles game that don’t even check their reports regularly so how about you check your credit report the best way at the AnnualCreditReport website? (Assuming url links will be removed).

  25. Question: I’m already over 5/24. But if I want to take my chances and apply for a new Chase card but get denied, will the denial be treated as new account opening for 5/24 purposes? Thanks!

  26. I was turned down for a Chase card for too many credt cards opened in past 24 months. I called their recon line and asked them when I would be under 5/24. They told me sometime in December. So I waited until Jan and re-applied. I was approved.

  27. Jay. Just think if your clients accused you of underhanded conduct. How would you or your employer feel? People make honest mistakes, unless of course you’re perfect.

  28. @ Rob — Correct, closed accounts can count. What matters is whether you’ve opened the account within that period, and it doesn’t matter if you closed it as well or no.

  29. I am current on 5/24 and will be 4/24 after Mar / April (card was opened on Mar 14, 2016). If I want to apply CSR / CSP, in my case should I submit new application on or after Mar 14? Mar 15? or I have to wait until April? Thanks.

  30. So, I asked this question over on flyertalk, but the moderator totally misunderstood my question, so I’ll try here.
    Chase has a credit monitoring service, CreditJourney, just like other banks; but it gives much more info than (say) Citi’s does. My current apps are 24/24, but CreditJourney says I have 5 inquiries and 10 open cards in the last 2 years. At the top of the page it says “powered by TransUnion”.
    If I were to apply for a Chase card which would it see? the 24 or the 5 in the last 2 years. If it is the later, then I’d only have to wait for that number to drop to 4 and I’d be good to go. Of course, the monitoring service probably isn’t doing hard pulls so it doesn’t have the most up to date info.

  31. I just picked up the aspire card and a few months ago the amex gold (so at like 7/24)and will go under 5/24 next august I believe. The only card I don’t have is the ink business preferred (I had the ink plus and ink bold which have since been downgraded to non-AF ink cards due to having a reserve card). The signup bonus on the ink business preferred is nice, but I have to wonder if foregoing soo many other personal credit apps while trying to get under 5/24 is harming me in the long run. Then again I’m not seeing many signup offers that I must have now.

  32. Lucky, thanks for updating this post with the best way to properly check 5/24.

    James, don’t worry about anything Credit Journey tells you- the method laid out by Lucky is the best way to check properly, and will reflect how Chase sees you in relation to 5/24. Credit Journey is a nice product but has nothing to do with how they look at credit applications- its a service they offer to cardholders.

  33. I’ve the Chase Ink Preferred, as well as the Chase Sapphire Reserve. W/ the $450 annual fee of the CSR, of which $300 is kicked back on travel purchases…. if you had to keep one card would it be time to drop the CSR and keep the INK, as Chase has washed away some of the shine the past 12 months for the CSR. I used the Global Entry benefit already, and truthfully 2 yrs ago and truthfully I subseuqnetly still paid $50 of my own to get the Nexus pass.

  34. @ Ben — Your credit age is 7 years, 8 months? Mine is 3 years, 4 months and I’ve been in this game for over 20 years (before it was a thing) and am nearly 50 years old now. I guess that is one of the consequences, although it hasn’t ever mattered for anything since my score is over 820.

  35. I have applied for business cards from Chase 3 times over the last 18 months. Each time I have been denied with the reason: Too many credit inquiries.
    Whenever I have asked for further information, they have mentioned my business cards open with all banks, even when I remind them that business cards should not be included on my personal credit.

  36. @Lucky, I am confused by your comment about closed accounts. I was going to ask a question about them, and then I saw someone else asking, but your response didn’t make since to me.

    “@ Rob — Correct, closed accounts can count. What matters is whether you’ve opened the account within that period, and it doesn’t matter if you closed it as well or no.”

    So do they count or not? I have LOTS of OLD credit cards that are still open, and I want to close them. Will it look bad if I close them all before I am under 5/24 in February? Or should I wait to do it until I get the Chase cards?? Thank you!

  37. @IVO SIO – If your oldest card that is making you 5/24 was opened in March 2016, then it was off the count as of March 2018, not March 2019. Maybe you’re under 5/24 already?

  38. @Babydoc~ All of the 5/24 cards I am watching were opened during that time. I’m talking about cards that I have had for years that I never use anymore, including ones that I thought I had closed several years ago, but were never closed. So if I start closing them now to “clean up” my account so that Chase doesn’t tell me I have “too many cards” in general, will it become something they can use as an excuse to not give me any new cards early next year? I will be down to 2/24 by May. But I keep hearing that Chase is declining people anyway when they are under 5/24 for having too many cards in general.

    Sorry, you weren’t even replying to me, lol.

  39. @dixieboz I read Lucky’s explanation as “5 openings in a two year period regardless of whether or not they were subsequently closed”. This probably most applies with the “one-and-done” folks who choose not to renew when annual fee hits. It’s not counting the closure of your long-held cards you’ve had more than two years.

  40. and @Dixieboz someone more knowledgeable than me could chime in with a reminder to move your credit limit to another card if you’re closing a card where you have multiples (i.e. Chase) so you can use it in the application process if you hit the reconsideration desk and want to re-jigger credit limits among cards.

  41. One way to get around the 5/24 rule is to apply at a branch in person. It does not always work, but somehow the methodology of their assessment changes. I was approved for an Ink card that way even though I was well over 5/24.

  42. Quick question – I still have the old Chase Ink Business Plus card – which of the 3 Chase biz cards from the post can I apply for? I thought that one of these 3 took the place of mine and therefore I wouldn’t be eligible for that one, etc..

  43. @ Scott — You’d be eligible for any/all of them, since that’s considered a separate product. Let me know if you have any other questions. 🙂

  44. @Lucky

    If I requested my AU card (my wife is the primary) removed from my credit report, how long do you suggest until I should expect them to no longer appear on my credit report?

  45. @ Ben — The FCQ and I are both 12/24. One of these days I’ll try to get at least myself down to 5/24.

  46. according to credit karma, i’m at 2/24 and still declined. Called reconsideration and they think I’ve opened too many accounts in the last 24 months…so confused.

  47. To JP – read some other posts. You may also have accounts you opened and CLOSED that may not be showing. You may also have AU accounts.

    To Lucky: With the number of NEGATIVE issues pointed out with this article from a year and a half ago, you should have done a NEW article, and addressed the issues pointed out by others.

  48. @lucky or anyone that had a similar experience.
    I am over 5/24, can I still upgrade from Sapphire preferred to Reserve?
    I am hoping yes, as I will be canceling one for the other…

  49. @lucky. If I already have some chase cards but want to cancel them and reopen to get the bonus points again, how long do I have to wait between closing the account and applying again?

  50. I am 12/24, so missing out on those 8 credit cards in no way would be worth a Chase card or two. One day I may not have a choice but to be 4/24, but fortunately it’s not the case now.

  51. @LB, AFAIK, you should be able to upgrade/downgrade cards. Just call them up and ask if you can product change. Since you can only have one product from the Sapphire family, unless you’re hoping for the sign-up bonus (and wait 24 months), it should be easy to do.

    @gary, agreed. And what’s worse is that he doesn’t indicate that he’s updated (or rather, reposted) an older post. It’s only when you actually get to the comments that you see it’s a re-post.

    @Lucky, I’ve pointed it out before, but it takes ZERO effort to write, “This was originally posted on mm/dd/yyyy. I’ve updated it to reflect current information,” or something at the beginning of the post. Sometimes I feel like I’m reading TPG instead of OMAAT… :-\

  52. When I look at Credit Karma under Transunion I have no inquiries but under Equifax , I have 6 inquiries. Can anyone explain why such a difference and does Chase look at both or either one ??

  53. I can see all my CLOSED accounts and have always seen it with this old interface method Ben mentioned in the same article last year..

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