What is 5/24?
The “5/24 rule” is a guideline used by some credit card issuers, to limit new credit card approvals. It states that if you’ve opened 5 or more personal credit card accounts across any bank in the last 24 months, you’re unlikely to be approved for certain new cards. Business credit cards usually don’t count towards this limit as they’re not typically reported to personal credit bureaus.

Navigating the 5/24 Rule: A Key to Unlocking Chase Credit Card Rewards
Hey there, savvy travelers and credit card enthusiasts! Have you ever bumped into the infamous 5/24 rule on your quest for the next great credit card reward? It’s like a hidden level in a video game, but once you know how to play, it’s game on for maximizing those travel rewards. Let’s break it down. Many of our favorite credit cards offers are from Chase so it’s a rule to be aware of.
What’s the 5/24 Rule All About?
Imagine you’re on a credit card application spree, eyeing those juicy sign-up bonuses. Here’s where Chase draws the line: If you’ve opened five or more personal credit card accounts with any bank (not just within the Chase family) in the last 24 months, you might hit a snag. Chase is likely to say “thanks, but no thanks” to your application for most of their new credit cards.
The Fine Print
When we say “opening” a card, we’re talking about becoming the main account holder or even co-signing. And yes, this counts cards from all over the place, not just Chase’s own offerings. But here’s a little loophole: most business credit cards fly under the radar and don’t count towards your 5/24 tally, since they don’t show up on your personal credit report.
Why the 5/24 Rule Matters
This rule is a big deal because Chase offers some of the best rewards cards out there. We’re talking about cards that can jet-set you to exotic locations or score you swanky hotel stays. Hitting a wall with the 5/24 rule can really put a damper on your reward-chasing plans.
Strategy Time
So, how do you outsmart this rule? Planning and tracking are your best friends. Before you go on a credit card application spree, take a moment to review your recent card openings. If you’re inching close to that 5-card mark, you might want to prioritize which cards truly deserve a spot in your wallet.
How to Track Your 5/24 Easily
And speaking of tracking, we’ve got a pro tip for you: the Travel Freely app. This handy tool is like your personal credit card coach, keeping an eye on those opening dates and helping you navigate the 5/24 rule like a pro. It’s all about timing, and with the right tools, you can keep your application strategy sharp and your rewards rolling in.
Just Beware, Don’t Fret!
Navigating the 5/24 rule might seem like a tricky business, but with a bit of know-how and the right tools, you can keep your travel rewards game strong. Remember, it’s not just about collecting cards; it’s about unlocking experiences. Happy travels, and may your credit card rewards be ever in your favor!
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
The comments section below is not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all questions are answered.