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The Chase 5/24 rule limits how many Chase credit cards you can be approved for within a 24-month period, making it essential to understand if you want to sign up for new offers in the future.
In general, the Chase 5/24 rule doesn't allow you to be approved for more Chase credit cards if you've opened five or more credit card accounts in the past 24 months. Something to note is that just about any recently opened credit card account, regardless of issuer, counts toward this limit.
That means if you've opened one card each from American Express, Chase, Citibank, Barclays, and Wells Fargo in the past 24 months, Chase will most likely deny any further applications for one of its credit cards.
There are exceptions to this rule, but these guidelines have largely held since Chase first included 5/24 language on a credit card application, stating, "You will not be approved for this card if you have opened 5 or more bank cards in the past 24 months."
The Chase 5/24 rule limits how many Chase credit cards you can be approved for within a 24-month period, making it essential to understand if you want to sign up for new offers in the future.
In general, the Chase 5/24 rule doesn't allow you to be approved for more Chase credit cards if you've opened five or more credit card accounts in the past 24 months. Something to note is that just about any recently opened credit card account, regardless of issuer, counts toward this limit.
That means if you've opened one card each from American Express, Chase, Citibank, Barclays, and Wells Fargo in the past 24 months, Chase will most likely deny any further applications for one of its credit cards.
There are exceptions to this rule, but these guidelines have largely held since Chase first included 5/24 language on a credit card application, stating, "You will not be approved for this card if you have opened 5 or more bank cards in the past 24 months."
3 months ago