The Chase 5/24 Rule Explained | Everything You Need to Know (2022)

[@zerohecks4864]

Everything is going up. Chase, how about making it 6/24?

[@AskSebby]

😂

[@marcusrick3928]

Yes please 😩

[@ABABABABABABABABABABABABAB]

they would do the opposite and make it a 4/24

[@travonetaylor3671]

😆

[@nurtilekorunbekov5082]

12/24 to be more precise 😅

[@Tuki89]

I thought that “5” was solely Chase cards… hmmm ok learned something new today

[@Daniel_Braun]

I’m very excited to be back under 5/24 right now! Great informational video here Sebby 👍

[@sjg6158]

What's your next card of interest Dan?

[@Daniel_Braun]

@@sjg6158 Gonna be the Chase Business Ink Unlimited most likely!

[@docsays]

Me: Im feeling lucky today! Sebby: Chase's algorithm will reject you!

[@Roaming.Pixels]

I was declined by Chase for Southwest Priority card as I already got 6 cards in 24 months, among which 2 were by Chase in past 12 months. I called reconsideration line and asked to move excess credit from my Prime Card to Southwest Card to get approved, and dang... I got approved!! Even with 6/24 😎

[@tedk9144]

If you ask a Chase Banker "What is 5/24 and they answer 'Um, about .208333' know that they are from the finance department and did the division! Awesome channel Sebby! A great and clear explanation of the Chase 5/24 rule. Subbed and thumbs up!

[@jomama55ful]

I learned about this from Sebby right after I had exceeded the 5/24 rule in 2019, when I was rejected by Chase. I waited patiently, and just got the Chase Freedom Unlimited (1st one in the trifecta). I'm on my way. Thanks Sebby!

[@mikegoodwin2386]

I got a Freedom Flex, my first Chase card, in May. That was #5 in my 5/24. Actually I was about 5/6. So it'll be a while before I can get another Chase card.

[@fbx03]

How long after the rejection did you wait to reapply?

[@jomama55ful]

@@fbx03 I waited until I had cleared the 5/24 rule. when my anniversary date of maturity came (dropping below 5 cards, I reapplied about 30 days after to let the reporting agencies catch up.

[@JacksonWelch]

I am 2 weeks away from being under 5/24. Cannot wait to get the CSP!

[@AP-sm2uq]

just got approved for the CSP yesterday ! Gonna keep it for about 3-4 months then apply for AmexGold 👍🏾

[@Dontworryboutit15]

Got approved last week and it just got here in the mail today!

[@BWDuty605]

"Even if they are closed" is definitely something to keep in mind. I recently closed a few newer accounts that I don't use since I already have many accounts that are several years old, but I'm still not eligible due to the 5/24. I've been holding off on new cards (except for that new Wells Fargo Active cash due to the bonus and I kind of wanted a Wells Fargo), but I'm looking forward to starting a relationship with Chase when I'm eligible. You saved me a hard inquiry because I never even considered that closed accounts would be factored into the rule.

[@davidgantt7332]

Sebby ROCKS!!!!! I was not sure if a CHASE business or retail card should be my first in Feb 2022 but this great video told me business card first then in june the FLEX or UNLIMITED :)

[@MarkReese]

I’m getting under 5/24 NO MATTER WHAT 😆

[@AskSebby]

Ha! How long until then?

[@MarkReese]

@@AskSebby - About 2 months 😬

[@ryansebers396]

The Mark Reese 5/24 bypass -> product change that Boundless, it’s Ritz time

[@MarkReese]

@@ryansebers396 - Oh yeah 😎👊

[@ugoeze7360]

Chase is missing the marketing goldmine that is 7/24

[@stephen-finance]

I didn't know this! Thanks for teaching me something new!

[@justinmoore7661]

Hey Sebby! Data point: I was just instantly approved for a United Explorer card at 9/24. They must be relaxing the 5/24 rule for some cobranded cards. But I hear mixed outcomes. YMMV

[@Arabsummer]

Amazon Prime too and the SW card. Does not apply.

[@LalitDevraj]

For me, its the Hyatt and United cards, and the Chase Ink Preferred and Chase Ink Unlimited - amazing video as always Love how you're like THE professor answering FAQs and it being a lesson all throughout 😁

[@AskSebby]

Thank you :)

[@docsays]

- as a college professor, i concur! excellent class, i mean video!

[@AxiomaticPro]

Darn Chase for keeping me responsible with my new accounts. The rule certainly makes me more strategic while chasing bonuses

[@JonathanSorunke]

I just got out of 5/24. I kinda wish I got the CSP before that. Great video!

[@deathward990]

Hey Sebby, Long time fan. I just wanted to correct you, it's just not 5/24 credit accounts but also Car leases. Chase rejected me on Flex after me having 4 credit cards opened in the last 24 months and also 1 car lease. I had applied for Flex which was my 3rd card with Chase along with Freedom and CSR. I wasn't rejected immediately, I got a 30-day message and then got rejected for too many new accounts. Just a heads up for others like my position.

[@yankeesgiants221]

Thanks, Sebby, for reviewing 5/24 for the newbies in this game. I already liked the video before I even watched it 😁. Sharing this to The Credit Society and will make sure they like and subscribe.

[@AskSebby]

Thanks! :)

[@stephen-finance]

Wow, 5 in two years isn't that much really. Glad it doesn't affect other lines of credit though.

[@GreenBeats11]

I will be at 4/24 in 3 weeks but I already have the CF, CFU, CFF, and CSP so I am pretty much done with Chase because I don't have any side businesses and I rarely travel even before Covid (1-2 flights per year, if that). Thanks Sebby for the guidance through the Chase garden and looking forward to my end game (currently a low-medium spender).

[@docluv14]

Great Video Sebby! This information was really helpful 👍🏼

[@GeekyVoices]

Sebby: Bankers are trained to answer questions from normal people. Meanwhile Credit People asking about 5/24 because it’s normal for us😂

[@TCPUDPATM]

Normal questions = stupid questions with answers online 🤦‍♂️

[@wongchester2005]

Applied with paper application for CIP with a business banker. Over 5/24. Approved for 100k bonus

[@cjjunkee8602]

Great vids Sebby, Thank you!!! Learn something new every time I watch AskSebby. In other words, get all 5 or 6 Chase cards first then the rest...I would do it in this order....CFU, CFF, CSP/CSR, CIC, CIU, CIP, then you'll still be 3/24

[@tacticoolalan368]

1/24-CFF 2/24-CSR 3/24-Boundless 4/24-SW Priority Then I will try and MDD the new Aeroplan MC and one of the United Cards after I go through a couple Chase Biz cards.

[@JacobKustra]

Excellent video explaining this! I am currently at 4/24 and going to be completing my trifecta with Chase soon! I absolutely can't wait!

[@YairSandoval-xp4qm]

5/24 still a rule I’m at 6/24 and wasn’t approved, will call the reconsideration line once I get my letter 📩

[@MannyCovington]

I’m gonna be at 4/24 in October and I already have my Chase Ink Cash application pretty much filled out.😂

[@GthmDrknght]

iT’s PASSIVE AGGRESSIVE Avenger 😂 nope great video

[@andrewgore6074]

SEBBY FOR THE PEOPLE 2024

[@AskSebby]

😎

[@sudhisira]

Good video. Answered my questions about the role that mortgage and other loans etc., play in 5/24.

[@BBQXXX69]

Sebby with the call out! Love it! But for real, thank you!

[@Arabsummer]

I like you, the way you talk and explain.

[@piere212]

I know for a fact that I'm WAY over 5/24. I actually just downgraded the CSR to the CFU a few weeks ago. I applied to the CSP yesterday and not only was it approved, I didn't have to shuffle around my credit lines like I did 5 years ago with the CSR.

[@davidhensey2000]

I just got approved for freedom flex and I was at 5/24. I had applied previously for Tomo and capitol one secured card in September 2021 Apple and freedom unlimited in March 2022 Amazon visa in June 2022 Applied for freedom flex today and was approved with $2500 limit which is the lowest among all my chase cards with the other two being $5000 and $4800 When I applied for Amazon in June, I asked private client banker about when should I apply for freedom flex and she told me to apply in 1-3 months. I was denied each time initially when I applied for every chase card and immediately called the reconsideration line and was approved every time. I am chase private client with no debt, but mediocre credit around 650. A parent screwed it up when I was younger. And have about 3-4 years till negative marks are removed.

[@digitalmangos]

Haven’t logged in like forever. Digging the new background.

[@Azar_Cruz]

Thanks for the information Sebby

[@kjkyser]

I currently have 4 credit cards. 2 Capital One cards, 1 Discover and 1 Amazon Store card. I plan to get a Chase Freedom Unlimited next, followed by an Amex. Thanks for confirming some thoughts I had.

[@EODnamvet]

You said you made a calculator (at 01:53) "with a link down below." Where is it?

[@be_obee9024]

Another great video & lesson.

[@Prizelife]

Does a line of Credit count towards the 5/24?

[@danielsueros8166]

Honeslty chase is losing money, I just stopped using chase credit cards for that reason I wanted to get a couple more but keep getting rejected. Just applied for the gold American Express card, delta platinum sky miles and Hilton honors surpass and was approved within minutes. I’ll be suing the American Express cards for a while now

[@jerrybenzl8843]

AMEX is superior anyway.

[@amypriest7751]

After learning about the benefits of the Ritz Carlton card I decided to get under 5/24. I plan to apply for the Boundless card and then (hopefully) product change in a year.

[@zacharydingo]

Thank you, as always, Sebby

[@MarcSalandanan]

i wonder what a baby from amex and chase would look like

[@joemama69448]

I got all my chase cards first, now I'm going LOL/24 and P2 is picking up the Chase cards.

[@dwalker6868]

Thank you for the information

[@livinginsaltlake]

Why use *** when you wrote Discover?

[@saraifamily5952]

But I was over 5/24 more like 10/24 and chase said if you apply with a business account manager not a business banker. They can bypass it and even let you request the amount you want on your card I wish I knew this sooner I could apply for more chase bus while waiting for my 5/24 to free up. If you want to see proof that it works I’m glad to show

[@johne2721]

Awesome video, thanks.

[@blacksurfer3168]

I got the Amex Gold card, which is a charge card-- not a credit card. Does that count against my 5/24? *** Nevermind, you just answered it in the video!***

[@newsnowadirondacksredux360]

Chase questioned me about a Toyota car loan 14 months ago when I applied for a Business card.

[@SuperSaverPlaysSPG]

The only reason I got the Apple Card was because it’s a really pretty card….now I’m all out of luck for that sweet intro bonus from sapphire preferred….

[@imgonzalez]

Next month I’m at 4/24 (: got 8 accounts total (1 business) and SEBBY!! What about the bitcoin credit card? You haven’t gone over it

[@callmeNeno]

I had no choice but to go with other insurers due to a "thin file" and less than 1 year of credit history in my pocket I could not get chase card early in my credit journey. Now, waiting to be under 5/24 until this December 2021 when all my injuries will fall off and finally I will be 2/24.

[@SolidLiquidFox]

Vintage Sebby

[@AskSebby]

😎

[@stuckhere14]

I'll be testing the line of credit next month. I have one with a local credit union and on two reports it's listed as a loan, but for the other it's a credit card.

[@Katrina-Winter]

Chase pre qualified page is gone and more and more people are getting approved at 6/24, 7/24 and even 8/24……

[@junkmail6776]

I joined a Yotta Pool named Sebby! I'm guessing that's you. Thanks for explaining. I just heard about this rule tonight, and didn't know what it was until a youtube search brought me here. I'm not a fan of Chase. My credit rating is between 750 (Fico) and 808 with Equifax. I had a hardship due to Covid affecting my job a couple years back and was 30 days late on a payment. Two years later they will neither forgive it, or allow me a credit limit increase. My current limit is $500.00. The most insulting thing is that they still send me offers trying to get me to open a new line of credit. I mainly use my Citi Custom cash (5% at most spent category each month), and Sam's Club (5% on gas 3% on restaurants). Any other tips or advice would be appreciated.

[@trevey16]

I see ppl sayin “im 2 wks away from bein under 5/24”, are yall sayin yall have a credit card thatll be 24months old and itll be taken away from the 5/24 so now youll have 4?

[@Arabsummer]

5/24 does not apply with Amazon Prime.

[@TriniMiss06]

Many retailers offer pay in 4 plans (Afterpay/Klarna/Paypal etc) during checkout. Do those count as financing?

[@TheRealJohnDough]

so to be sure. business cards dont count againt you in the 5/24?

[@kimberlysmith3784]

Thank you, Thank you , Thank you

[@haydensmith7549]

Hopefully the Preferred offer of 100k points stays until November, 4 year anniversary from my CSR opening. CSR has been very mediocre in my experience. Boundless has been disappointing as well, debating on that Amex Hilton top tier card - thing is a monster!

[@a_peter_johnson]

I was fortunate to get the Chase Sapphire Preferred and United Explorer before reaching 5/24 years ago. I'm currently in "gardening" mode until I close on my house (new construction), bu which point I should be out of 5/24 again! 😉

[@Bit85]

I will finally be under 5/24 in November, but i already hold 7 chase cards (Business & personal). I really want to pick up a Hyatt card, but gunshuy to apply with chase. My last call took several reconsideration calls and a credit limit transfer.

[@CrazedSorce]

I'm under 5/24, but I'm still gardening until enough time passes for another Sapphire sign-up bonus.

[@Catclub0402]

0/24 due to mortgage , can’t wait to try to get companion pass

[@SinCityGT3]

Chase let me exceeded this. They initially approved, then I checked the mail and I had one letter saying they closed the account, and another saying they decided to keep the account on open. I spend six figures a year on chase credit cards, maybe they make exceptions for people who spend a lot?

[@mcfly3647]

What cards will give $600-$1000 cash cash. Looking for them but I can’t find any.

[@pooploops]

I wish I didn't get a dumb chime credit builder card when I started fixing my credit. Now I'm at 4/24 because of it and I wanted to sneak in another card before a chase. Lol

[@TheAudioCzar]

Does chase send out pre selected offers if your over 5/24? I just got a offer for a CSR but I'm pretty sure I'm at 5/24 right now

[@michaelstatia4493]

Ironically my banker told me about 5/24 when I opened my second cc with chase

[@koreypaul6698]

Oh wow! Must be a subscriber

[@Rolo555]

Currently at 2/24. I’m waiting for the World of Hyatt to have a good sign up bonus.

[@darrenperry3811]

Do cards where you are an authorized user count towards 5/24?

[@priscillacelis]

So if I add someone as an authorized user that counts as 5/24 rule?!

[@mayrakelley2922]

Do cards where they didn't check your credit, like Tomo, count towards 5/24?

[@782FICOin8Months]

Yes. As soon as Tomo reports to your credit reports, it will report as a revolving account. However, it takes a few months for it to report after approval, so you have a window of opportunity where you can get approved for a Chase personal credit card when you're already at 5/24.

[@sonicp3380]

For any Amex biz cards added and if you already had an Amex, it won't be added to your personal. Amex does a soft pull if your an existing customer. Let me know your thoughts.

[@mrgiovanny]

⭐⭐⭐⭐⭐100, 000 Reviews Question Sebby. Does asking for a credit limit increase on Chase Credit Cards affect 5/24? I heard it does. Thank you Sebby :)

[@jaylenholliday1799]

What is the time frame for a account being new or not

[@YoungMule]

So does chase just have the best bonuses or something? Otherwise 5/24 wouldn’t be as consequential

[@AtinSinghal]

Is Amazon Prime Card affected by 5/24?

[@ezioaltairac]

Yes.

[@VincentPascual]

I would recommend going for the Amex Amazon Business Prime card instead of Chase’s version. It’s basically the same card except you get Amex return protection and Amex offers. Keep in mind that you’re likely going to be limited to 4 or 5 credit cards overall with Amex. If you’re willing to use one of those slots for the Business Prime, I’d say go for it.

[@AtinSinghal]

Interesting thought Vincent. I’ll look into it. Thanks!

[@LeShayLynn]

Does care credit count towards Chase 5/24 rule?

[@dmarioisajerk]

What if they extend an offer for you to apply?

[@cubajonesie]

Do store only cards count towards 5/24?

[@callmeNeno]

Yep

[@yukidorkins986]

Do you have any videos about wells cargo credit cards ?

[@shawnzubrzycki]

Do Authorized user cards don't count againt 5/24?

[@1UpMango]

Why is "Discover" in 2:07 censored?

[@IAmMzJess]

Do you mean "Credit cards" only or any revolving accounts opened in the last 24 months?

[@flashlightfreek]

Hi man, I'm considering getting the Flex or CSP- I probably would not hit or want to spend that much to get the welcome bonus for the CSP right now. I have one more inquiry for a new card then I'm over 5/24. I like cash back and I could wait on traveling for the next two years. I have Chase Freedom Unlimited and Amazon prime rewards card too. I Some Amex cards too- the BCP. You said something about downgrading the CSP to flex after the first year or so I don't want to choose the wrong card then wait two years to continue with Chase. Thank you so much for any response man!!! Means a lot ☺️😁

[@andrew_g6331]

If I cancel old cards will I fall under 5/24?

[@rajdixit1605]

I have the Bonvoy Boundless Visa and that's the only Chase card I need. Not too interested in Ultimate Rewards; I have cast my lot with Am Ex Membership Rewards. Southwest and Hyatt as transfer partners would be nice, but I am loyal to American and Marriott, so I focus my attention on them. I do fly Southwest if I am not on AA, but I can use my Am Ex Platinum for that (5x on airfare booked direct with the airline). Also not thrilled about these unwritten rules like 5/24 - as long as my credit score and history are good, why would they care? OK, if I opened 5 cards in the last 5 months, they could reasonably be suspicious that I am planning to max them out and flee the country - but 5 cards in 2 years isn't unreasonable for a person with good income. Just my 2 cents. I realize the value of the Chase trifecta (or even quartet) and if that's your goal, go for it, as it can reap tremendous benefits. However, I don't think it's right for me. Love this channel and all the videos!

[@LooseJointhiphopdance]

Hey Sebby. I just opened 3 chase accounts. 1 personal checking , personal saving and 1 business checking. The sales rep that helped me to open my accounts suggested that I apply for the chase business Ink. He said, I was pre approved but he couldn't confirm if getting the business card before applying for the personal card wouldn't affect my 5/24. I only have 2 personal cards. I do need to start my business credit history and purchase operating equipment but my current credit card utilization is about 5,000.00 which is roughly 18%. I held held off on apply for the business ink until i lower my utilization to about 8 %. Curious as to what your thoughts are in my situation. Thanks

[@andrezinho176]

I applied for the Chase Flex the other day cause I was finally under 5/24. Or so I thought. I forgot I closed an account after the annual fee came through. I’m now 5/24 and need to wait another month to open a new account :(

[@temp903]

This is one of those videos that you wish you had watched and understood earlier lol... I have to wait 327 days before I can get another chase card. RIP

[@EduardoDasher]

I have 3 credit cards but 2 installment loan so im at 5 ??? Or just 3 because is only credit cards

[@callmeNeno]

Correct you’re at 3

[@tonybronson35]

I got approved for a NASA card they asked for more income information then I decided to decline the card does that still affect the 524 rule.

[@yojalata]

Hello! What about getting the just for you offers while being over 5/24?

[@andystrausberger2519]

Is it less likely to get approved for a chase business card if you are at 4/24?