Dansdeals reports hearing from an insider that the Chase 5/24 rule has been temporarily suspended on the INK cards through December 31, 2022. There are apparently some actual data points backing this up as well.
This is excellent news since now is THE time to sign up for Chase INK Cash and Unlimited cards which are right now running a special signup offer of 90,000 points bonus with $6,000 spend and have no annual fee. Instead of signing up directly, please use a reader’s referral link which can be found here – you’ll get the same offer and you’ll help a fellow reader. Or ask a friend for their referral and give them a nice points gift.
It sounds like all INK cards are included in the new temporary suspension which would make now a good time for someone who is over 5/24 to signup for the INK Preferred and INK Premier cards as well which are running their standard 100k/$1,000 signup offers.
Note, each business you own can get one of each of these cards. Someone with two businesses can potentially hold all 4 INK cards for each business for a total of 8 cards (though Chase might not approve more than one at a time).
Please report back in the comments below whether you had success in getting INK cards at above 5/24. Keep in mind – Chase INK cards always (?) go pending; wait it out and see if you get approved in the coming days or weeks.
Can I call recon for a previously submitted app or it has to be new application?
My impression is that the rule was not suspended today, so anything from the past few weeks might be part of this exclusion. (This is just some sort of guess.)
Regardless, yeah, I imagine calling recon should work since the recon agent hopefully will know not to count 5/24 against you.
https://www.doctorofcredit.com/credit-cards/credit-card-reconsideration-line-telephone-numbers/
Tried a few weeks ago at 7/24 and got denied too and try again today and still got denied for too many cards due to 5/24
Oops misread comment.
Definitely try recon first.
Applied yesterday 12/26 for the INk Biz cash. Already have Ink biz for 12 years plus checking, and Freedom cards for a long time. 5/24..thru 4/23… Immediately denied. Bad week for me. Rejected for Skyone/Amalgamated and now Chase!!! Assuming this will NOT work for many if not all! Hard pull is not a big deal for me.
I called recon and they told me “Too many new cards open in the past 24 months”. I’m 5/24. Don’t know how folks are getting approved over 5/24. Waste of time for me.
Sorry but what is recon
Reconsideration
I heard that business cards were originally exempt from the 5/24 rule, is that wrong?
Just got APPROVED on the 27th of Dec. for an ink unlimited at 7/24 the other day (7 personal cards opened within 24 months) based on the rumors that 5/24 wasn’t kicking in. I got approved but I realized I wasn’t logged in. It made me make a new account but I already have a business account with chase that has my many other chase cards. It’s not coming up as eligible to combine. Did I just figure out a way around 5/24? I’m afraid to call a rep to ask them to combine the accounts since I’m over 5/24 and it seems they aren’t realizing that I’m the same person. Entered in my SS and Business EIN correctly. Has this happened to anyone? Did you call?
ALSO I have 22 credit cards, I know how 5/24 works 😛
do you also have chase business checking account?
Just applied at 7/24 got denied within a few hours, tried calling today and notified that rejection was strictly due to the amount of credit cards I got in the last two years. Recon also mentioned the 5/24 rule.
Another DP – I am at 6/24 after getting bonuses on two ink no AF cards. Came across this recently and applied for another card just to see if it will go through. Got second cash approved immediately. First it said it’s under review and then followed by an email saying I am approved. I already had two CIU and one CIC before. Applied for wife’s before mine couple of days ago as well but hers is first business so it’s under review. I applied mine on 12/2/2023.
Congrats! when did you apply? 1/2/23? was a bit confused as you might have had a typo there!
Have they begin enforcing 5/24?
Used a user link yesterday, instant decline at 6/24. Letter states – too many accounts opened recently. Oh well.
Declined immediately. Called recon and they are not familiar with this new 5/24 exemption, so they declined again. Seems most folks below are unsuccessful too.
Sketchy rumor provides sketchy results. Shocking!
7/24. Tried today and was rejected for too many cards in past 2 years, insufficient business deposit relationship and “business structure” (applied as sole prop). Is it even worth calling for teckb?
At 4/24, applied for my second chase ink unlimited in 6 months (last one approved in June). Got a denial letter the next day regarding too much credit. Called recon and shuffled credit around, was approved. Two of the same card in 6 months, just using SSN for business.
Instant denial for 5/24. I will be at 4/24 on Jan 27. I went ahead and applied on Dec 27 since I didn’t know when the 90k SUB is expiring. On Jan 28 will calling recon possibly help or will this application be too old?
That’s a tough one. You need to call reconsideration within 30 days of denial. It would be more than 30 days if you call on Jan 28th. YMMV, but there have been some recent DPs suggesting that 5/24 may drop to 4/24 on the 1st day of the 24th month (e.g., https://www.reddit.com/r/CreditCards/comments/x2qxtg/when_does_chase_524_rule_reset/). In your case, I would call on Jan 25th to give it a try.
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