Posted by Chuck on February 11, 2016
Credit Cards

Published on February 11th, 2016 | by Chuck

210

Chase to Limit Credit Card Approvals (5/24) on Co-Branded Cards

Chase will soon apply their famed 5/24 rule to co-branded credit cards as well. The rule says that those with five new credit cards within the past 24-months will not be approved for a new credit card application.

Currently, only Chase’s own line of cards has the 5/24 rule, including the Freedom card, Sapphire card, and Slate card. We previously reported that sources say the 5/24 rule will soon apply to Chase business cards as well.

This trusted source now tells us that in a separate move, Chase will apply the 5/24 rule to co-branded cards as well, including cards like Southwest, United, Hyatt, and the rest of Chase’s co-branded card line-up. This will apply both to personal co-branded cards and to business co-brands.

The new rule is likely to start in April. We can expect a timeline which will look something like this:

  • Currently, once past 5/24, you can not get Freedom, Sapphire, or Slate. You can get all other cards.
  • At some point in March, the INK cards will be restricted as well. We can still get personal and business co-branded cards.
  • At some point in April, all Chase credit cards will be included in the rule, and those past 5/24 won’t be approved for anything.

This timeline reflects the upcoming change as it’s being said now. There is a possibility that it will take slightly longer for the rules to come into practice.

The era of churning Chase credit cards will soon come to an end. Get whatever you can now.



210
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
P
P

I only kinda need the IHG card. Kinda because their points keep getting devalued that the sign up bonus is not worth much

Cowboyguy
Cowboyguy

Isn’t the one free night every anniversary valued much more than the annual fee? I stayed at a $400 per night property in Vegas using their free night certificate.

Dave
Dave

Ugh. I was going to apply for the Chase United and Hyatt in the next few months, now I’ll have to expedite this. I don’t know if I can apply for both in time now.

Tim
Tim

why not apply these two in one day

Dave
Dave

Can I apply for 2 personal cards on same day?

William Charles
RB
RB

freakin chase only approved 2 of 3 applications. looks like i might end up not getting 3 of the final 6 cards before this rule kicks in

mason
mason

Just this week i received a denial for the IHG card with the reasoning given identical to the UR cards with the 5/24 rule in place. I plan on calling recon to see if I can get it approved.

katye

Strange. I got approved applying via the phone number provided on DoC’s IHG 80k post. Was approved instantly. Pretty sure I got more than 5 personal cards in the last 24 months. Actually it was more like 10+, including United, Fairmont, and BA from chase.

Grant
Grant

So its 5 cards total in 24 months, not just 5 cards from Chase.

Mark O
Mark O

Yes

bob
bob

i am hoping to hit the Marriott and SW card(s) soon. Is there an easy way to tell which cards i’ve had in the past 24mo, so i know when it resets? I mean, aside from pulling a full credit report, or keeping better records?

D
D

Check your credit report. Something like credit karma should be sufficient for this purpose, although the score provided is a FAKO.

John
John

I doubt it. If there were a button you could click somewhere that would Tell Me How Many Cards I Have Been Granted it would necessarily have to pull that answer from your credit reports, which would mean you’d need to go through all the authorizing and identity proofing stuff that you do with credit reports.

You should really consider signing up with Credit Karma. It’s free. You’d only have to do the extra steps once, and then you’d have access to your full Equifax and TransUnion reports (except for soft pulls) as often as once a week.

Steve
Steve

Credit Karma will show you when the new accounts have been added to your Transunion and Equifax reports.

John
John

Thanks for the heads up! A month ago I had an opportunity to get the Marriott with a lot of bonus points and no AF for the first year, but I decided it against it, because (a) I haven’t used any of the hotel points I do have (135k Hilton) and (b) I rarely travel and (c) it sounded like the 5/24 rule was not going to extended to co-branded.

Now of course I am thinking I should have, in the words of Janis, get it while you can. I did take advantage of your warning to grab my Ink Plus business card.

If in the next two months you see any co-branded Chase offers that involve no AF for the first year, I know I would be especially grateful to hear about them. That might make a nice post on its own.

Thanks for your great site…

Andrew
Andrew

Noooooo – goodbye companion pass for 2017 and beyond! 🙁

Chris

Just MY 2 cents – If you Churn as a couple, have one person be the ‘Chase’ side of things (space out your apps but ONLY hit chase, within the 5-24) and the other person gets ALL the other non-chase Cards…

Lela
Lela

Great tip, thanks!

Matt Vorwald
Matt Vorwald

5/24 applies to ALL cards obtained, not simply Chase.

alex
alex

Is this 5 inquiries
or
5 cards that show on your report
?

Keith
Keith

I had more than 5 inquires (close to 7) with 4 open cards on my account and received the CSP recently

Steve
Steve

Credit Karma will show you when the new accounts have been added to your Transunion and Equifax reports.

Chris

Im fairly certain its 5 actual credit cards on your Report.

Jonathan
Jonathan

Wow. THIS is a devastating blow to travel hackers everywhere. I usually scoff at ‘dooms-dayers’ that proclaim the sky is falling, every time an MS avenue dies, but when the CC companies crack down and impose rules like this, it really is the end of an era. Between Amex only allowing 1 lifetime bonus on personal, and this new Chase rule, churning cc for points just got extremely difficult. Chase, thanks for all the years of abuse allowed, we’re going to miss it for sure 🙁

I was thinking of holding off on companion pass… but now… its time for one last round!

Paul
Paul

Only any idiot scoffed at those who’ve blasted the credit card shills for ruining the hobby over the past few years. You have to be dumb and blind not to see this was the inevitable result…

The game is now a tiny fraction of what it was a few years ago. All the easy MS methods are gone. And now churning is grinding to a halt.

Jonathan
Jonathan

Wow. THIS is a devastating blow to travel hackers everywhere. I usually scoff at ‘dooms-dayers’ that proclaim the sky is falling, every time an MS avenue dies, but when the CC companies crack down and impose rules like this, it really is the end of an era. Between Amex only allowing 1 lifetime bonus on personal, and this new Chase rule, churning cc for points just got extremely difficult. Chase, thanks for all the years of abuse allowed, we’re going to miss it for sure 🙁

I was thinking of holding off on my second companion pass… but now… its time for one last round!

Jessica
Jessica

Another loss. This is horrible news.

Dave
Dave

@mason,
My mom applied for Chase SWA and also got the same reason for being rejected. I wonder if this rule has already taken effect.

Phong

Ugh, 5/24 on the business card is one thing! However, all of the co-branded cards is a whole other story! There’s like 7 different cards I want to get from them! They have the best bonuses!

John
John

Wow! Now that I won’t be able to get SWA credit cards, how else can I get the companion pass?

Mark O
Mark O

Shopping portals is your best bet now.

dan
dan

applied for the ihg earlier this yr (jan.) but was rejected for the reason of 5/24 rule after calling the reconsideration via phone as well as sm. will take a stab again in mar. to see if will get lucky

William Charles

In the future, don’t call for Chase just let it go through and see if that works (has been working with business apps).

Back to Top ↑