One of the biggest restrictions in chasing sign up bonuses on credit cards is Chase’s 5/24 rule. This unpublished rule states You will not be approved for this card if you have opened 5 or more bank cards in the past 24 months”. Fortunately that rule doesn’t apply to all Chase credit cards currently and there are also some ways to bypass it as well. Unfortunately it doesn’t look like that will last for ever. With the launch of the Chase World of Hyatt card today a lot of readers wanted to know if it was subjected to 5/24. Gary from View From The Wing was able to ask Leslie Gilin, Chase President of Co-Brand Cards this question directly and the answer was that it wouldn’t be applied straight away but we should expect that rule to apply in the future and that in the future it will apply to ALL Chase cards.
There was no time frame given and I don’t think this is terribly surprising to a lot of readers, but it is worth keeping in mind. I suspect Chase is somewhat restricted based on existing contracts they hold with co-branded partners so while Chase might intend to add this rule to all cards it might be multiple years before that actually happens.
