What Is The 5/24 Rule

What Is The 5/24 Rule?

Are you wondering what this 5/24 rule is? If so, you’re not alone, there’s a lot of chatter going on about this “set of rules” a bank follows. While some of you may be familiar with the 5/24 rule, most people are not, so this guide is specifically about what is called the “5/24 Rule.”


While there is no official bank documents that outline this policy, it has been widely referred to by points and miles collectors, something that is really important to know.

Getting down to brass tacks, the 5/24 rule is this: if you have opened up 5 or more new credit cards in the past 24 months (the issuing bank does not matter), you will not be approved for a new credit card with Chase Bank.

It doesn’t matter if you love travel reward credit cards and the signup bonuses they offer, or if you’re just getting started in the realm of travel reward cards, here’s some key points everyone should know about Chase’s 5/24 Rule.















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