Is the Chase 5/24 Rule Dead?

Is the Chase 5/24 Rule Dead?


The Chase 5/24 rule may be dead, at least for some cards and applicants. Since 2016, the rule has limited the ability to be approved for a new Chase personal credit card if you have opened 5 or more new personal credit lines over the past 24 months. Exceptions have primarily been when the applicant is already pre-approved for a card, or when some of the new credit lines are business credit cards, since most business credit cards don't count for 5/24 purposes.

But DoC notes that recently, a number of applicants have reported being approved for a new Chase credit card despite being over Chase 5/24, although primarily for co-branded cards, such as the United, Southwest, and Amazon cards, although there was an approval for the Chase Sapphire Preferred.

Also, Chase has launched the new 100K Aeroplan card (110,000 bonus if you joined the wait list, since wait list applicants earn an additional 10,000 bonus points), and uptake for this card could be jeopardized if too many applicants are declined due to too many recent account openings.

Here are examples:

Chase Sapphire Preferred

“I was at 6/24, but was approved for a CSP 1 month after downgrading my CSR (I was over the 4 year mark).” -Amy


United Explorer

“Chase approved me for United Explorer [with a] $9600 [credit line]…9/24” -Matthew

“Instant approved for United Explorer with $16,700 limit. This is my 10th Chase card (9 personal and 1 business)” -Phil

“Believe I am 7/24. Applied for Chase United Explorer on 12/1. Instant Approval for $16,000 limit.” – Grant


IHG Card

“I was approved for IHG at 6/24” -Morris


Southwest Credit Card

“I was at 8/24. Applied for the SW Priority on 11/30…today (12/4) I received an email directing me to a letter in my account. The letter says I was approved and “Our decision was based on the following reasons: Low usage of Chase credit lines”. The letter also says they decreased the credit limits on two of my other cards.” -Jason

“7/24 approved for Southwest” -Kyle

“Instant approval for southwest card. $13,300 [credit] limit. 7/24” -Sean

“Instant approval [for my partner] from my referral for Southwest Premier, at 8/24” -Kurt


Amazon Card

“Instant approval for the Amazon card (10/24)” -Patrick

“[Approved for Amazon card] at 9/24” -Nathaniel

“Got approved for the amazon visa, with a $12,000 [credit] limit. Am 9/24.” – Benjamin


The bottom line: It could be worth applying for a new Chase credit card, even if you've opened 5 or more new credit cards over the past 24 months. Chase is still rejecting some applicants with a number of recent credit applications and citing the fact that too many accounts have been opened. Anecdotally, however, it appears that a number of applicants who have opened 5 or more credit card accounts over the past 24 months have been successful in applying for a new Chase credit card.

If you've recently been approved for a new Chase credit card despite being over 5/24, please let us know in the comments.

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