Chase Plans to Extend the 5/24 Rule to All Credit Cards

Chase 5/24 is an unwritten rule that restricts you from getting approved for select Chase credit cards if you opened 5 or more cards from any issuers within the past 24 months. Learn more about Chase 5/24 in this article

As of today, there are a select number of co-branded Chase cards that aren't affected by the 5/24 rule. I usually recommend that you apply for the cards after your 5/24 slots are taken. However, the recent news that the rule will be extended to co-branded cards in the future is concerning. 

Gary from View from the Wing asked Chase's President of co-branded cards, Leslie Gillin, about 5/24 and new the Hyatt card. 

"Chase’s President of co-brand cards Leslie Gillin explained that:
  • There was no change in procedure right away for the Hyatt card
  • But that we should expect it eventually
  • Indeed expect the rule to roll out over time across the rest of their portfolio, too"

The Chase Hyatt and Chase IHG Rewards Club cards currently aren't restricted by the 5/24 rule, but that may change in the near future. 

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Cards NOT affected by Chase 5/24 (as of 6/29/2018)

  1. British Airways Visa Signature® card
  2. The Ritz-Carlton Rewards® Credit Card
  3. IHG® Rewards Club Premier card
  4. IHG® Rewards Club Travelers card
  5. The Hyatt Credit Card
  6. Disney Premier Visa® card
  7. Disney Rewards® Visa® card
  8. Rewards Visa card
  9. Chase AARP® Credit Card
  10. Chase Iberia Plus
  11. Chase Aer Lingus

Before applying for more Chase cards, be sure to review your credit limits and utilization. Card issuers usually like to issue a maximum of 50% of your total income as credit limit (YMMV). If you credit limits are approaching the 50% mark, you might have to shift credit limits around to get approved.  

If your utilization is more than 20%, consider lowering your card utilization or paying off the balances in full before applying.

Again, we're not sure when the Chase 5/24 rule will expand to all credit cards, but if any of the cards are on your wish list and you're over 5/24, it might be worth applying. From the notes, it seems like it will be a slow implementation since Chase has existing contracts in place with the co-branded partners.