Those of us in the miles and points world likely know about the Chase 5/24 rule, which states that customers who have applied for 5 or more credit cards within the past 24 months (from ANY bank) will not be approved for most Chase cards. Chase representatives sometimes play coy with the fact that this rule even exists, but data points that I have seen are pretty clear. If you’re over 5/24, there are a few ways of overturning 5/24, but those mostly involve if some of your 5 cards are authorized user cards.
Chase cards not subject to 5/24
While most of the Chase cards ARE subject to 5/24 (meaning you’ll be denied if you have more than 5 cards), we’ve written before about the 2 types of cards that are subject to 5/24.
- Chase AARP
- Chase Amazon
- Chase British Airways
- Chase Disney
- Chase Hyatt (both the old and the new card)
- Chase IHG (all 3 varieties – Select, Premier, Traveler)
- Chase Marriott Premier business card
- Chase Ritz-Carlton
You can find details and more information on these cards over on our top credit card offers page
Chase expanding 5/24?
This is all rumor and speculation at this point, but Gary from View from the Wing had a meeting with executives from Chase and Hyatt referencing the new World of Hyatt credit card that recently came out. As part of that meeting, he asked Leslie Gillin, who is Chase’s President of co-branded cards whether the new Hyatt card would be subject to the Chase 5/24 rule. She said that it was not at this point but that we could expect it to be subject to 5/24 eventually, and she even went so far as to say that all cards would likely be subject to 5/24 eventually
I’ve often wondered why it is that some Chase cards are subject to 5/24 while some are not. I can only imagine that it relates to the different agreements that Chase has with their co-branded partners. So it sounds like Chase 5/24 is the current preference for Chase for ALL their cards and that, if the economic situation stays relatively similar, as these co-branded relationships are renegotiated, that more and more Chase cards will fall subject to the Chase 5/24 rule.