Posted by Chuck on January 21, 2016
Business Credit Cards

Published on January 21st, 2016 | by Chuck


Chase Credit Card Limits (5/24) Soon to Apply on Business Card Applications

Not long ago, Chase was the favorite of credit card churners due to their wide-range of available products with great signup bonuses. The bad news came when they cut down on approving new cardholders who have five new credit cards showing in their credit report. This became known as ‘the 5/24 rule’ in which Chase won’t approve new cards for those with five new accounts showing as opened within the past 24-months.

Two important points about 5/24:

Based on a trusted source who is an expert in the credit card industry, Chase will soon be applying 5/24 to business cards as well, meaning that INK cards will be very hard for most of us to get. It looks like this new rule will start at some point during the month of March.

Get it while you can…

73 Responses to Chase Credit Card Limits (5/24) Soon to Apply on Business Card Applications

  1. jcm says:

    Hmm, I have three cards opened in the past two years, I’ve never had the CSP, and I’ve never had an Ink. I do have a little 1099 income on a Schedule C ($9K in 2014). What’s my optimal strategy to get bonuses? I spend about $3K a month in real spending, never done any MS (and not super keen to start). Thanks for any advice you can offer.

    • Mark O says:

      Sign up for the CSP now and do a month of spend and then sign up for the in late Feb and you should be able to hit the spending with your reg 3k per month no problem.

      • John says:

        Even if the next two cards you apply for are both Chase cards, the 5/24 rule will not apply to you. (Since you have only applied for 3 cards in the last two years.) And it sounded like the only cards you are interested in soon are (possibly) the CSP and an Ink.

        This news story would be relevant if you planned for (say) four cards before March 1. Is that something you want to do? I sense not, but feel free to clarify.

        I share your unwillingness to get involved in MS. But a much simpler option is to do a little research (courtesy of Doctor of Credit) on bank account bonuses. Open the card first then open the bank account and fund it with the card. Often you can fund both a savings account and a checking account and run up 3-4k easy. You just have to lower the cash advance limit to something small first.

        I have used this approach a lot in the last 6 months and made a lot of money.

    • Chuck says:

      Yea, do the Chase cards first as they are tougher about lots of accounts. Technically, you can do CSP and Freedom – still keeping under 5/24 – then do INK before March since it doesn’t have 5/24.
      But depending how much you want Freedom, it could make sense to just do CSP and INK as they may not approve so many new cards.

    • jcm says:

      Great thanks to you both for the advice. I think I’ll skip the Freedom, to avoid jeopardizing the Ink.

  2. Joe says:

    Really want the Ink at 60k but stinks the AF isn’t waived on that offer. Do I just bite the bullet and apply, and essentially net the normal 50k UR points, since the $95 AF due will eat nearly 10k points?

    No strategy to really avoid this right?

  3. Brandon says:

    Can anyone give me some tips on what to put on my app..I have no business whatsoever but still want to give it a shot. I plan to use my SSN, but I have no idea what type of business I should say I have, what I should call it, and what amount of income I should put.

    I’ve read reports of people without any business getting approved, but it’s not clear what they’re actually putting down on the app. I’d like to apply this week but am just confused and what would give me the best shot in terms of application information

    • EB says:

      ssn, sole proprietor, X consultant, regular income

      done that every time, no issues. never called in to explain

      • Eric says:

        Why “X Consultant” instead of just “Consultant”? By “regular income” do you mean your salary from your normal job (ie 50K)? Did you write your name as your company name?

        • EB says:

          honestly i just make up a name for the company and put my regular income from my employer. dont over think it

          EB’s Escort Service sounds like a good name for next time

  4. Scott says:

    How will this be determined if you have an LLC/EIN? Will they use the business credit report? Personal? Both?

  5. Maxx says:

    Under the same LLC, one owner already has a Ink Plus. Can the other owner apply for the Ink Plus using tax id of the same LLC? Thanks.

  6. George Smiley says:

    Did your source mean ‘house’ business cards only like Ink Cash and Ink Plus or all cards including co-branded cards like United Business?

  7. NoonRadar says:

    Does this source have any inside info from Chase about this or it it just their expert opinion? If no inside info, why March specifically I wonder…

  8. harry says:


    I have 5 company under my name.
    5/24 is for person or for company??

  9. What about the United Business card or Marriott business card? Are they safe since they are co-branded, or in danger since they’re business cards? Any idea?

  10. Eric says:


    I’m guessing you are you trying to prove me wrong. However, I think this definition strengthens my argument. You are “purchasing” actual cash and will probably use at least some of it to pay back that credit card. A great example is the Citigold thread. I saw many people discuss paying back the credit card they used for funding right away.

    • John says:

      Hi Eric. I am not trying to “prove you wrong.” This is just a question of what most people mean when they are using a word. There isn’t a right or wrong meaning to any word, just what a person means when he uses it.

      Most people who claim to engage in manufactured spending do not include the funding of bank accounts with credit cards within the span of what they mean. If you’d like another example of a knowledgeable person discussing this, you might want to glance at this article by our very own Doctor of Credit (“How To Reach Minimum Spending Requirements Without Manufactured Spending”).

      You will see that one of the ways he mentions is to “fund checking/savings accounts.”

      • Eric says:

        I actually agree with you. I would have just said that it’s not “traditional MS”. I saw Shawn mentioned reselling merchandise as MS. I don’t agree with that because you are actually buying actual products in that case. My point was really that jcm doesn’t want to do any kind of MS. In my opinion technically opening a bank account is a form of MS.

        • John says:

          Well, JCM may be a friend of yours; perhaps you have spoken with him and that’s how you know for sure that he’d never want fund bank accounts with a CC. I only know him from that one comment in that one thread.

          So when he said he didn’t want to do MS, I had to go with how the phrase is often used (e.g. here on this site), in which it does not include CC funding. Thus I thought I’d share with him my experience: which was that he could swiftly meet most or all of the MSR of a card like the CSP by opening a single pair of bank accounts. That, I thought, might be appealing and different from the headache he might be envisioning with (for example) buying and reselling thousands of dollars worth of gift cards.

          Hope that makes sense, Best wishes… J

  11. Mark says:

    Does the 5/24 rule include accounts that are AU only are? Do store card and secured installment accounts counts towards the 5? Thanks in advance.

    • Mark says:

      Also my mortgage is only 13 months old? I know it said “cards” so just trying to save an Inquiry on an impossible app.

    • Chuck says:

      My understanding is that it’s only credit cards, not other loans. I don’t know about store cards as some of those come up slightly differently on the credit report, I believe. Secure probably comes up like a regular credit card, but I don’t know.

      We spoke about AU in the original post.

      It’s not inquiries, it’s cards.

      • David R says:

        “It’s not inquiries, it’s cards.”

        Inquiries as a result of applying for cards, whether or not you were actually approved for the cards. Isn’t that what you meant to say? It’s my impression is what doesn’t count the most is the number of credit cards you’ve actually opened in the last 24 months, but the credit card inquiries, approved or not. Is this correct?

  12. Zachary says:

    I just applied ink plus in branch, but I didn’t get instant approved. Should I call? Thanks.

  13. Emily says:

    I just applied for the INK PLUS using the invitation number online. It told me to call them to discuss. Should I call? Thanks.

  14. Emily says:

    I Just applied for the Ink Plus online using the invitation number (targeted by mail). It told to call them to further discuss. I do have 5+ approved cards in last 24 months. Should I call since it wasn’t denied or wait? Thank you.

  15. David says:

    Will the Amex Costco conversion to Citi affect the 5/24 rule. I hope not . I’m about 6 months out from being able to get the sapphire but not if the citi card counts as a new account. I’m going to be pissed if that’s the case.

  16. Sophia says:

    I was denied for the chase ink because of too many inquiries. Do you think I should apply for the chase southwest?

  17. Billy says:

    I specifically didn’t apply for the Ink last week because I wanted to wait until the new business has more revenue so instead I applied for four other cards(one was Freedom, others non-Chase)…all approved.

    Now this is happening. If I start a new LLC which I was going to do anyway and open a Business Checking Acct mid February with Chase in Branch and do an Ink app there at the same time, would that increase my chances of getting approved or am I straight up screwed because of my apps for those four cards last week?

  18. Mark says:

    Sorry doesn’t deal with the Ink card but was wondering if the 5/24 rule applied to the Slate card? Ty in advance

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  20. Michael says:

    Hey, I applied for CSP on Jan 8 because of 5/24 rule. I really want to get this before it goes away (the ink card), so I know it’s cutting it close in March if I wait until March 8 to apply for ink, but that’s 60 days. I haven’t had problems applying for these cards with chase in the past. Should I just go for it March 8th or do you think it’s too risky?

  21. Nancy says:

    Hi Doctor, I have an urgent question regarding Ink Plus. I applied on 2/10 in branch, followed advice and waited. Branch banker called for me and got decline. I recon and got another decline. Then I opened a new business checking account and deposit 75k into it, got a special reconsideration (launched by banker) last Thursday and it’s now pending with 7-10 days in writing in automatic line. Since tomorrow is 3/1, do you recommend I go to branch and ask banker call for me, or just wait?

    Btw the reasons for second decline are: 1) Too many accounts opened (15 past 12 months); 2) Too many inquiries; 3) Business too young; 4) Not enough revenue. 3) and 4) are wired to me as I got a UA business card for same business in 3/2015. Would it help if I request a CLI on UA business now?

    • Probably worth going in branch, we don’t know if the new rules will go into effect on the 1st or just some during March.

      • Nancy says:

        Thank you so much for quick reply! Yet a follow up question: my UA Business has 5k credit line (minimum line for approval) and thus can not transfer credits; would it help if I request a CLI before I go to branch tomorrow (so that I can offer credit line transfer)?

  22. robert says:

    any updates on when the 5/24 kicks in for cobranded credit cards?

  23. Sam says:

    Could someone pls clarify whether it is ok to apply for 2 chase business cards on the same day? I am reading conflicting statements about it…thank you!

  24. Jonathan says:

    I havent heard any reports, is it safe to say this didn’t happen (yet)? If not, I’m guessing it safe to assume the co-branded side will be delayed as well (if it in fact is going to happen).

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  27. Kevin says:

    Is it possible to get one Ink as a sole proprietor and one via my llc (with an application personally guaranteed by me) at the same time? Does this work for all business cards? Also, I do heavy churning with my personal credit–is it likely my application via my llc would be approved where an app as sole proprietor would be denied due to too many inquiries, i.e. can I successfully guarantee a card if I have too many hard pulls to be able to be approved for another personal card?

    • Chuck says:

      Yes, Chase does allow getting two business cards (and two bonuses) for separate businesses, provided you use separate TIN (e.g. one SSN and one EIN).

      I don’t know if it’s easy to get approved for two businesses or not.

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