Chase 5/24 Explained - FAQ and Strategy

[@markwalstead4253]

Dude I never comment on videos, but yours are so clear cut and easy to understand. Keep killing it man.

[@michaelwmchugh]

Extremely important concepts to learn here, especially if you're new to the game.

[@elyajvlogs]

Aww man... new into the game and wished I saw this video first. Thank you for the clear info!!

[@jgionti3]

Great video. I’m new to your channel but I quickly subscribed. Keep up the great work

[@MaxMilesPoints]

Thanks for subscribing!

[@cruisingwithcaptaincliff]

Very informative video. I just added an AU not thinking it will count towards 5/24. I plan to apply for CSP by end of the year. If I am denied, can I call chase to waive the AU that I added recently? Thanks!

[@MaxMilesPoints]

Yup if you are denied due to 5/24 call chase and check if they’ll reconsider your application excluding the AU cards

[@stellashao5131]

Would the authorized user I gave to others count (they are my authorized user, not me being theirs) into mine card?

[@Th33Vultur3]

Minus my business card, the Blue Business Plus on Amex, I'm at 8/24. I won't be out of 5/24 jail till at least March 2024. When I'm out, I want to get the Freedom Flex to completement my Freedom Unlmited.

[@gracielagonzalez7661]

What if I applied for the Southwest business as a sole proprietor with my social, will it show up on my personal report and make me be denied?With the business Southwest I would be at 5/24 TIA

[@lorenbrowne]

Thanks so much!!

[@ayamaikarim]

The question I have, if you already have 2 card slots taken, one of the cards is going to be taken by Chase Sapphire Preferred, which one you recommend Freedom Flex or World of Hyatt, IHG Rewards Club Premier or Marriott Bonvoy Boundless credit card for the fourth slot. Do you recommend buying Hilton Honors points at the current promotion.

[@MaxMilesPoints]

I'd recommend getting the Chase Freedom Flex to fill the fourth slot. Earn points on the Chase Freedom Flex on the 5x rotating categories then combine the points with the Chase Sapphire Preferred and redeem the points for travel through the Chase Sapphire Preferred. Only buy points if you need points in a hurry and can't earn them. Know exactly how you are going to use the Hilton points. Never good idea to purchase points and let them sit in your account.

[@gtajeu]

Straightforward, helpful explanation. Was particularly wondering if business cards counted. Do you have any data points on number of inquiries before denial?

[@MaxMilesPoints]

Chase Business cards are subject to 5/24 during application but if approved it won't count towards 5/24.

[@MPG2014]

How long should I wait after I have officially dropped out of the 5/24 rule? Like if I received a card on March 31, 2021 and it is now March 31, 2023. Can I apply the next day on April 1, 2023 or should I wait another month to make sure it comes off my credit report? I’m wanting to also apply for a chase ink but I don’t have a business and was wondering if it it ok to use for personal use to get the points for it. Thanks and love your great content and videos!

[@MaxMilesPoints]

1. I would wait a month to make sure it drops off 2. Ink Business cards are for businesses and should only be used for business spend. Whether that is enforced or not is up to the card issuer!

[@rossbradley]

@@MaxMilesPoints @MPG 2000 love the content Max! Just a data point for you all, I was at 5/24 and was approved for that card on April 5, 2021. I wanted to lock in the IHG rewards premier card before the SUB decreased so I applied and was approved on April 4, 2023! :) Now that I’m over 5/24, I’m curious which company you recommend pursuing a new card with? Cap One (Venture), Citi (Prestige), or AmEx (Gold)? I’ll use your referral links Max!

[@r.a.8407]

Do chase 5/24 apply if u have chase cards or its for other kind

[@noemymendoza24]

I just applied for an american express card but was denied for having too many new account openings. Is American Express also part of the 5/24 rule?

[@babiigurl2o3]

I have an Amazon card and the Sapphire card that was opened many years ago and opened 3 other CC within the 24 months. Wanting to aim for the 80k bonus miles, so i went ahead and did a product change yesterday. Am I still within the 5/24 limit and would that affect my chance to apply for the Sapphire again?

[@primeexample]

Does PLOC count towards your chase 5/24 rule? I've heard conflicting information and would like a solid answer! Thanks

[@MaxMilesPoints]

A PLOC is not a credit card. Only credit cards count towards Chase 5/24

[@joeyleerobbins]

I am at 5/24 with the CSP, CFF, CFU, CMB, and the CSW cards. That being said, would I get denied if I applied for a Chase business card?

[@makemoney6411]

Yes, you need to be under 5/24 to get a chase business card, however, they won’t add to your 5/24.

[@cjjunkee8602]

Hey Max, which 5 Chase credit card would you fill the slots with?

[@MaxMilesPoints]

I would get both Chase Freedoms (the Flex and Unlimited) and one of the Sapphire cards. Then I would fill the other two slots with a hotel and an maybe an airline card. Like the world of hyatt card and a United Explorer card. It's really to you to decide though!

[@cjjunkee8602]

@@MaxMilesPoints thanks Max!!! That's what I'm aiming for and when I get all that, then moving on to C1 VX and Amex Gold to complement my Amex Plat

[@Josh__TG]

Lets say im at 5/24 , if i cancel a card in that slot , will I now be at 4/24 or still be considered 5/24 since the card still reports as closed on my credit report?

[@MaxMilesPoints]

you'll still be at 5/24 , closed cards still count

[@patrickcollins3393]

What if the account is already approved before it hits your report will they closed approved account

[@MaxMilesPoints]

I'm not sure I follow your question

[@irkc4608]

I have 5 cards and the oldest one was opened 24 July 2020 ...am I under or over the 5/24 bro I'll appreciate your response.

[@MaxMilesPoints]

If all five are personal cards. You’ll be under 5/24 in about a month or so

[@brucebanksshow]

Keep it up!

[@fabiancalderon4722]

Do inquires count as 5/24

[@MaxMilesPoints]

No only open accounts