Have a travel related question? Post it here, and I’ll do my best to answer it as quickly as possible.
While anyone can comment on regular blog post, registration is required in order to post a question in this space. Creating your account is free, and you'll be able to see when your question is answered, as well as like comments from other users. And of course, you'll earn status points for offering helpful answers!
This space is intended to be more of a community as well, so please jump in and share tips!
Chase 5/24 Rule
Hello everyone so in the past two years, I’ve applied for four cards. I also recently started a small business so I now have an EIN as well. All four of my previous cards were applied for under my SSN. I now want to apply for Chase Ink and Chase Sapphire. I have been pre-qualified for both cards many times, but am worried now if I apply for both that I will be rejected for one because of the new rule. Does anyone know if this would be the case or if I apply for the Sapphire under my SSN and the Ink under my EIN will that not count towards the 5/24?
I recently have been hearing about the new Chase 5/24 rule and had some questions regarding it. In the past two years I have opened four new cards. My next applications I am planning for are Chase Sapphire Preferred and Ink Cash both of which I was prequalified for. All four previous cards were applied for under my SSN. I just started a small business and now have an EIN as well. I was wondering if I apply for both cards will I be rejected for one because of the new rule? Or can I apply for CSP with my SSN and Ink with my EIN and they won’t count towards the 5/24 rule? Also if I close and account from the past two years does that leave me wiggle room to apply for another chase card or does the 5/24 rule also apply to closed accounts? Thanks for any response!
Even if you used your SSN you should pass the 5/24 check since you’ve only had 4 applications in the last 2 years. I think you should be fine applying for both a CSP with your SSN and an Ink with your EIN. I don’t think closing an account will make a difference. I believe the issue is for number of applications, not for number of open cards. As always, YMMV.
As [USER=184]@MidSouth Skier[/USER] says, you’re probably fine. I’d apply for both cards simultaneously just to be on the safe side. Your chances are better if you’ve received pre-qualified offers for both cards.
I have 15 cards in the past 18 months, 11 in the past 12 months as was just approved for the Ink. I did get a SW Premier in Dec and the SW Plus in Jan, but not tow at once. Since you don’t have many I would go for it but split a few days apart maybe.