Posted by William Charles on January 13, 2016
Business Credit Cards no image

Published on January 13th, 2016 | by William Charles


Do The Chase 5/24 Rules Apply To Business Credit Cards?

So is the 5/24 rule in effect with Chase business cards? I have the no AF INK card but I wanted to upgrade to the INK Plus and downgrade my CSP


Before we get started, it’s important to understand what the 5/24 rule is. This post talks about it in depth, but I’ll give a brief outline below.

If you apply for a Chase branded card (e.g Chase Sapphire Preferred) and you’ve applied for more than five credit cards from any credit card issuer within the past 24 months then you’ll be automatically denied (and not possible to get approval on reconsideration). Co-branded credit cards (e.g Chase Hyatt) don’t fall into this rule and the number of credit card applications is based on the data Chase sees from the credit report they pull (so if they pull Experian and you have 6 inquiries there you’ll be denied, but if you had 3 on TransUnion and they pulled that you’d be approved).

Anthony’s question is basically does this rule apply to business cards, or only personal cards. The short answer is: no. This 5/24 rule does not apply to Chase business cards (including Chase branded cards like Chase Ink Plus & Chase Ink Cash). Below are some data points (feel free to include yours in the comments below)

Another thing to keep in mind is that if you’re not instantly approved it’s better to just wait for it to go through the normal process rather than calling in, that’s because some customer service representatives are a bit trigger happy and will deny you based on 5/24 even though it’s not supposed to apply.

33 Responses to Do The Chase 5/24 Rules Apply To Business Credit Cards?

  1. Gary says:

    It depends if you’re applying on behalf of an actual business versus using your own SSN. I applied using my SSN and was denied based on the 5/24 rule. I don’t think it’s fair yet to say the rule doesn’t apply to business cards.

  2. mason says:

    my recent experience confirms that the 5/24 rule does not apply to business cards.

  3. CtownBin says:

    I have a data point that will refute BOTH of the exceptions in the above post- first, that it doesn’t apply to co-branded cards, and second that it doesn’t apply to business cards. I applied for the United Business card a few months ago, and was denied specifically because I had more than 5 cards in the past 2 years.
    Also- the post says that it’s based on the inquiries from the bureau they pull- IME that is also not true. They look at your credit report and see how many cards you have currently open and when they were opened!! Every bureau has access to information on every card you have, regardless of which bureau was pulled when you opened it. They get the info monthly from the card issuer. (The only exception might be new cards that haven’t had a statement close yet.)

    • Chris says:

      The second part of the previous comment make sense to me (re all credit reports will show the same number of OPENED cards). As for the first part, YMMV.

  4. Danny says:

    tough crowd…

  5. John says:

    I opened the United Business card with no problems. I’ve opened probably 10-15 cards in the last 24 months. I’m curious to try for the Chase Ink

  6. Jeff F says:

    I was recently approved for the Ink Plus while being in violation of the 5/24 rule (About 10/24). My approval was pending and I did call in. After being put on hold for 2 minutes he came back and said I was approved.

  7. TN says:

    I was approved for Inkplus in 12/2015 after the application went into pending. I didn’t call in and received the approval email about 1 week later. I used my SSN, had 12 inquiries, 11 new cards in 24 months and 1 mortgage in 03/15 with Chase, excellent score.

  8. Dan says:

    Data point: A couple months ago I applied for Ink+ and a Southwest business card. I was approved for the Ink+ but was denied the Southwest business card due to too many opened cards. The only business card I have opened is the Ink+ at this time. I had the Southwest business card a couple years ago but cancelled it last year. That’s the extent of my business card experience.

  9. Chris says:

    I have a question if anyone would care to answer. Currently I have two Ink (plus and bold) cards opened. Soon will be applying for the United Business card. Would it be better to close one of the Ink cards now, wait a month or so, and then apply for the United Business?

  10. Julie says:

    I was patiently holding off on opening new accounts for my husband until next July when he’ll have fewer than 5 new accounts within 2 years, so we could then apply for the Chase Sapphire Preferred. Imagine how irked I was when I found out he recently applied for a Kohl’s card to save a measly $15 at checkout!

  11. John says:

    I think the rule only applies to Chase personal UR earning cards.

    I understand that you can still apply for the Slate – worked when I applied last year.

  12. tbradnc says:

    You said, “(so if they pull Experian and you have 6 inquiries there you’ll be denied, but if you had 3 on TransUnion and they pulled that you’d be approved).”

    Correct me if I’m wrong but I think you could have 100 inquiries (dramatic license) as long as you haven’t received 5 cards in the past 24 months.

    And don’t forget their counting authorized users. I have read a few datapoints where that is one area of the 5/24 rule that could be massaged into an approval at the supervisor level.

  13. Jack says:

    Heard that being added as an Authorized User also count as a new card, is this still the case?

    5 new cards / 2 years…is this the same as having 5 new accounts / 2 years?

  14. MrDioji says:

    The rule is 5 new accounts in 24 months, not inquiries. This would be across all bureaus. For example, if chase pulls experian, they’ll still count your Barclaycard from last year, even though Barclaycard pulls TU. The account was opened less than 24 months ago and will appear on your experian report.
    Existing business cards don’t count towards the total since the accounts do not show on your personal report – only the inquiries do.

  15. Jessica says:

    So do inquiries for cars or homes count or just credit cards?

  16. Eric says:

    Chase has become the most difficult card to receive in my experience. Then again, I exploit them without mercy and they offer very juicy targets so it is not surprising. I wonder about the the 5/24 rule in reverse, as it applies to business cards: will a business card be counted in the 5/24 rule when it comes to applying for a personal card ? My impression is yes, but it is hard to pin Chase down for the REAL reasons why a card is denied.

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  18. Jared says:

    Data Point: I applied for Chase Ink Plus in December of 2015. I received the email stating that my application status is pending. I was approved via email 1-week later. I did not pick up the phone.

    When I applied for Ink Plus, I had opened 5 personal credit cards in the past 2 years, and 4 out of 5 of personal cards had been opened in the recent previous months. This was my first business card. Applied as Sole Proprietor with gross annual sales less of $2,000. Used social security number. I believe I had a credit score in the high 780’s (per Credit Karma) when I applied.

  19. J R Stewart says:

    I have over 20 cards in 5 years, was approved for Chase SWA personal and business, but denied for 2nd SWA+ personal and AARP, because of 5/24, called in to no avail.

  20. Dan says:

    1) I believe I recently saw a post in the blogosphere that the 5/24 rule is starting to get applied to business cards as well, can anyone corroborate?

    2) For the 5 cards, obviously they don’t count business cards becuase they aren’t able to see those in the credit report. Howver, what about business cards that were issues by Chase themselves in the past 24 months? Are they able to see those? And do those count as the 5?

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  22. Wyle says:

    As of today, Chase still isn’t enforcing their 5/24 rule for business cards. Just got delayed approval for Chase Ink Plus (“the card is in the mail”) after >10 new cards in the past 24 months.

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