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It appears that the Chase 5/24 rule is changing yet again. Before you apply for your next credit card, you need to read these rules. As you’ll see, it’s becoming more difficult to apply for your next card.

Chase has been making positive headlines recently with contactless payments. But, this 5/24 rule change hasn’t been receiving the same amount of publicity.

What is the “New” Chase 5/24 Rule?

The core Chase 5/24 rule remains intact: Your application for select Chase credit cards is declined when you have applied or been listed as an authorized user for 5 or more credit cards in the most recent 24 months.

What’s changing is which Chase credit cards fall under the Chase 5/24 rule.

It now appears that most co-branded Chase credit cards are now subject to the Chase 5/24 rule. Since the 5/24 Rule is an “open secret” that Chase doesn’t officially publicize, this information comes from other card applicants sharing their experiences.

Since mid-November 2018, applicants report being denied for these co-brand Chase credit cards:

-Aer Lingus Visa Signature

-British Airways Credit Card

-IHG Rewards Club Premier

-World of Hyatt Credit Card

While we’re still waiting for the smoke to settle, it appears that the 5/24 rule now applies to most (if not all) of the co-brand travel rewards credit cards. But, does this rule change affect how you plan on earning future travel rewards?

Before this change, the 5/24 rule only applied to the co-brand Marriott Rewards, Southwest Airlines, and United Airlines credit cards. It also applied to all of the Chase Ultimate Rewards credit card families:


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These Credit Card Applications Don’t Count Toward the Chase 5/24

Most new credit cards in your wallet will count toward the Chase 5/24 rule.

One current exception is American Express small business credit cards like the American Express Business Platinum. But, business credit cards from banks like Chase and Capital One do count against you for the 5/24 policy.

Although you may have to sit on the sidelines for a few months until you become “4/24,” Chase can extend a preapproved offer. If so, this offer supersedes the 5/24 policy and your approval odds are very high.

Other Chase Credit Card Application Rules

For many, Chase offers the best travel rewards cards. After all, Ultimate Rewards points are very valuable. Plus, they have some tempting co-brand partnerships too.

Besides the 5/24 rule, Chase also has a few other application guidelines you must heed.

Don’t Apply for Two Chase Cards in One Day

Some people report having success with applying for two separate Chase credit cards in one day. Their approval odds are best when they receive instant approval for their first application. In general, it’s best to only apply for one credit card per calendar day.

Some Signup Bonuses Are Restricted

While Chase lets returning card owners earn a signup bonus a second time after waiting 24 months from canceling their product, some cards have a few more restrictions.

The most notable is the Chase Sapphire and Southwest Airlines card families. You can’t earn the bonus on a new card if you already own one of the other cards in the family. If you currently own the Sapphire Reserve, you won’t qualify for the 60,000-point bonus offer if you get a Sapphire Preferred.

For the Sapphire credit cards, the signup bonus restriction goes one step further. You only qualify for a repeat bonus offer if it’s been 48 months (yes, 4 years) since you last received a Sapphire card bonus.

Other Options to Avoid the Chase 5/24 Rule

If your eyes are set on getting a Chase credit card, your best option is waiting for your oldest application to drop off your report.

When you can’t wait that long, the 5/24 rule only applies to Chase credit cards. Other banks have different approval policies than Chase. American Express, Capital One, and Bank of America are more flexible with recent applications.

The Bank of America might be the next most stringent that only lets you apply for up to four B of A credit cards in the most recent 24 months. But, you can still apply for multiple non-Bank of America cards in the same 24 month period and not jeopardize your approval odds.

Instead of applying for the Sapphire Reserve, you might get the Platinum Card from American Express instead. And, the American Express Gold or Capital One Venture in lieu of the Sapphire Preferred. These three alternatives all earn bonus points on travel and have point transfer partners.

Depending on which airline and hotel transfer partners you like, these flexible travel credit cards might be their partner. Also, you can redeem your points through the award travel portal too. This might not be as good as owning a co-brand card or earning Ultimate Rewards points, but you’re at least able to earn and redeem travel rewards points.

To get an idea of what Chase alternatives there are, take a look at the best current credit card offers.

Summary 0f the New Chase 5/24 Rule

It now appears that the Chase 5/24 rule applies to all co-branded travel rewards credit cards. You must now wait for old credit card applications to drop off your report before you apply. Or, you can consider alternate credit cards if your current card portfolio simply isn’t doing the job.

Johnny Jet Editorial

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The Latest Chase 5/24 Rule Changes to Look Out For
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