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/u/there_wreck just brought this to my attention via a comment.. DoC’s source told him that Chase’s 5/24 rule has gone into affect for all applications submitted on or after 5/22/16. View the post on Doctor of Credit here.
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Chase has a lot of credit cards, this 5/24 rule applies to the following cards: Chase Freedom. Chase Freedom Unlimited. Chase Sapphire Preferred. Chase Sapphire Reserve. Chase Slate. chase ink cash. chase ink Plus (no longer available for application)
The Chase 5/24 rule is a hard and fast restriction which was rolled out with the intention of limiting card applicants from opening credit cards for the sole purpose of earning the bonus rewards they offer. The rule is not officially published through any of Chase’s mediums, and if you ask about it in a Chase branch,
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Chase’s New 5/24 Rule To stop card churning, Chase instituted a new 5/24 rule, where they will deny you a new credit card if you have opened 5 or more cards in the last 24 months. The purpose of the rule is to stop people from just signing up for the bonus points and canceling before being hit with the annual fee.
For "churners" – people who apply for credit cards to earn their sign-up bonuses and then abandon the cards – it was like catnip. But Chase put the kibosh on some churners with its "5/24 rule.". The application page for the Chase Sapphire Reserve spelled out Chase’s so-called 5/24 rule. The language later disappeared.
If you’re under 5/24, getting a Chase business card is a no brainer. Get the Ink Business Preferred Credit Card which offers 80,000 points after $5000 spend within 3 months and earns triple points on the first $150,000 spend on travel, telecommunications, shipping and advertising on social-media and search engines.
Explain why you want the increase (for example, you want to use this as your primary card).. Not so fast. The 5/24 rule can make you ineligible. Learn what the Chase 5/24 rule is and which credit cards are impacted.. Here is everything you need to know about Spirit fees and ways to save.
Print a calendar for January 2019 quickly and easily.. routes and being close t the chase 5 24 rule everything you need to know in 2015 chase implemented a restriction on most credit cards they offer it is affectionately known as the chase 5 24 rule the chase 5 24 rule is a hard and fast.