Is Chase Counting Chase Business Cards Towards 5/24 Status Now? No, They Aren’t

Recently Chase expanded the 5/24 rule to include more (if not all) co-branded credit cards. For those not familiar the Chase 5/24 rule, it basically means you won’t be approved if you have five or more new accounts (credit/charge cards) on your credit report within the past two years you will not be approved. Chase business cards do not report your personal credit report and they haven’t counted towards the five or more new accounts previously. Recently I’ve seen some troubling datapoints to suggest that this might have also changed when the 5/24 rule was expanded to other co-branded cards (on or around November 13th, 2018). As a reminder it’s important to understand that a denial for too many inquiries in the last 24 months is not definitive proof that the 5/24 rule exists on that card.

That being said, after reaching out on Twitter, /r/churning and via e-mail we have now seen a large number of people that have been approved that wouldn’t be if these Chase business cards were included. Normally I wouldn’t even post this, but I know some people were worried (especially with me asking in various places) so here are some positive datapoints to put your mind at ease:

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Tim
Tim (@guest_812919)
September 21, 2019 22:06

I noticed for my most recent CIU that there was an inquiry on my Experian

Chong786
Chong786 (@guest_812928)
September 21, 2019 22:37

Chase always do hp when you apply for credit card even if you were preapproved.

Also 5/24 is not about # of inquiries

Ludwig
Ludwig (@guest_683989)
December 3, 2018 15:09

I think the combination of 5/24 or too many inquiries is what’s at play here. One is going to get you, irregardless of what you call it.
I have to accept reality that I may of captured my last Chase CC, the only one that got away is the Amazon card, and I’m not waiting two years just to get that.

Pat S.
Pat S. (@guest_682750)
November 30, 2018 20:31

While I agree the system is not using business cards to auto-approve. My SO was declined reconsideration solely based upon having open too many chase business accounts. They took away the AUs but not the business cards she has as an LLC and Sole Prop.

Jonathan
Jonathan (@guest_680520)
November 28, 2018 22:28

I didnt really care about this post, but I just need to say, thank you for always answering your own question in the title (your titles consistently save me time)!

Kenneth Li
Kenneth Li (@guest_679987)
November 28, 2018 16:23

i applied Chase Hyatt credit card last sunday, 3 days ago. i been calling their automatic phone line for the last 3 days., it always said “your application is under review”. is this mean i already denied ?

Kent C
Kent C (@guest_680223)
November 28, 2018 18:53

No. Been approved many times this way and without calling reconsideration. I’m also speaking of the 60k hyatt card. Keep calling autoline to check if you like, should take no more than 2-3 weeks max.

SA
SA (@guest_679944)
November 28, 2018 16:05

Another DP. P2 was approved for CSP in Oct end with 6/24. Out of these 6 cards, 1 was a chase personal card and 2 were Chase Business cards.

sam
sam (@guest_679882)
November 28, 2018 15:37

Does anyone ever get instant approved on Chase biz cards? It seems like they always review the apps and may just be getting more stringent at looking at the entire Chase relationship. It may help if people who are getting approved for their 4th/5th chase biz cards give information on when their last chase card was opened etc/# of inquiries/chase biz apps.

Brett W
Brett W (@guest_679875)
November 28, 2018 15:35

Do co-branded business cards count? Like say, the Marriott Business Card I got last spring?

Robert m
Robert m (@guest_679673)
November 28, 2018 14:12

I can back this up. I’m at 4/24 plus 1 Chase ink and I just got approved by chase

Yoni
Yoni (@guest_680403)
November 28, 2018 20:49

DP
P1# and P#2 both flirting over/under 5/24 most of the year – but also both have Chase Ink Trifecta, as well I added a P#2 CSP referral for 60K UR was Approved last month for $24K. I think in realty I’m 13/24 or 14/24 with Biz cards.

So they are not counting, but again that could changed tommrow.
I will be < 5/24 again next summer.

But if they do I will not worry about 5/24 any more but I do have a few Biz cards I would like still.

Ian
Ian (@guest_679629)
November 28, 2018 13:02

I’m confused.. if they’re not on your credit report, why would they count them toward 5/24 anyway?

Electroman
Electroman (@guest_679806)
November 28, 2018 15:04

More to the point is – why wouldn’t they? They know how many Chase business cards you have, and when you opened them; they don’t need to look into your credit report for that information.

Bobby
Bobby (@guest_679849)
November 28, 2018 15:23

This is a good point.

Their system is isn’t strictly looking at your 5/24 status based on your credit report. They also add on personal Chase cards that aren’t on your credit report (approved but not yet reporting to bureaus). They easily should be able to add on business cards…but don’t for some reason.

Ian
Ian (@guest_680112)
November 28, 2018 17:36

but for all they know you could also have dozens of AMEX and Citi business cards opened in the last 24 months that they don’t know about, so it doesn’t really make sense to only include Chase business cards.

Saturn
Saturn (@guest_680296)
November 28, 2018 19:32

I believe I can see where you are coming from. From the angle of 5/24, determined by new cc accounts on your report(s), you are correct. However, this is an issue of control. It would not be hard for them to implement a process that suspends their automatic approval if more than 4 HPs are detected, then checks for Chase HPs, then checks for Chase biz cc approvals, then adds those to the list. I would venture the guess that they are not eager to do anything like that, and in the end we are looking at the usual once more: clueless kangarookies leaping to the wrong conclusion.