Published on November 28th, 2018 | by William Charles45
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: