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Yup – it’s that time of year – it’s 5/24 Day (that’s May 24th in case you’re feeling a little slow on the uptake this morning 😀 ). The one day of the year that we “celebrate” the Chase 5/24 rule and the impact that it’s had on the miles and points world

Chase 5/24 history and explanation

The first inklings we had about a “new” rule for Chase cards were back in September of 2016 – SEE:  Chase 5/24 is real and here’s the proofOriginally it was limited to some of the Chase-branded cards, meaning that most co-branded Chase cards (IHG, Hyatt, Marriott, etc) were still open for people over 5/24. Then, over time, the Chase Ink came under 5/24, then more and more of Chase’s cards

Chase 5/24 – where are we now

Now, all Chase cards fall under 5/24, meaning that if you’ve gotten 5 or more cards in the past 24 months, then you will almost certainly not be approved for a new Chase card

(SEE ALSO: The 2 types of cards not subject to Chase 5/24)

(SEE ALSO: Overturning Chase 5/24 – here’s how I did it)

For many people, the sheer number of new other cards available for signup mean that trying to get back under 5/24 is leaving a lot of potential miles and points on the table. Personally, I’ve been focusing on business cards that don’t count towards your 5/24 total while trying to get back under. If you’re just starting out, the 5/24 rule can make it make a lot of sense to start with Chase cards, starting with the one card I usually recommend for people starting out

Has the Chase 5/24 rule changed anything with your credit card strategy?


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