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Chase’s 5/24 rule: What it is, and what it means for your credit card applications
|August 14, 2019||Posted by TravelKinds.Com under General||
- As points, miles, and rewards credit cards have become more popular, issuers like Chase have implemented their own rules around credit card approvals.
- Chase’s 5/24 rule dictates that you won’t be approved for most Chase credit cards if you’ve opened five or more credit cards across all banks in the last 24 months.
- The Chase Sapphire Preferred Card, Chase Sapphire Reserve, Chase Freedom Unlimited, United Explorer Card and several other top rewards cards from Chase are affected by this rule.
- If you’re just getting started with rewards cards, you’ll want to apply for Chase credit cards first.
Source : BusinessInsider.Com