As rewards credit cards become more popular, issuers have implemented their own restrictions. ; Under Chase's 5/24 rule, applicants with 5+ new cards over the past 24 months will not be approved. ; The best way to sidestep this restriction is to apply for Chase cards before pursuing other issuers.
Some credit card issuers have rules about how many cards you can have and how often you can apply. ; Most of these restrictions are unofficial. Chase's 5/24 rule is one of the best-known regulations. ; Our guide lists application requirements by individual issuer as well as best practices for success.
Written by Ariana Arghandewal , Edited by Cathleen McCarthy ; Published on October 24, 2023 | 2 min read
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Vault’s Viewpoint on the Chase 5/24 Rule ; The Chase 5/24 rule limits new Chase cards to individuals who have opened fewer than five new credit cards with any issuer over the previous two years (24 months). ; Not all credit card applications count toward Chase 5/24 status, including most (but not all) small-business credit cards. ; Remember that the Chase 5/24 rule is only one factor considered when you apply for a credit card through Chase; factors such as your credit score, income, and financial situation are also considered.
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