Update 11/19/2018: I’m calling it. Looks like Chase has almost certainly expanded the 5/24 rule to most if not all co-branded credit cards. I haven’t seen any reliable datapoints of people being approved for these cards that are over 5/24 unless they applied before November 13th, 2018. As always I’d love to hear from any readers that apply, please share your data points in the comments below. RIP Chase.
Earlier today a new /r/churning thread was posted ‘Hyatt card now falls under 5/24 rule (starting this week )‘. So far there are a total of six datapoints in that post, as well as some talking about other cards such as the Chase British Airways and IHG cards. Before we mark these cards as definitively under 5/24 it’s important to understand that a denial for too many inquiries in the last 24 months is not definitive proof that the 5/24 rule exists on that card. A lot of people who applied for and were denied for these cards were given the reason of ‘too many cards in the last 24 months’ (one was even told 48 months, but I suspect that was just an error). That’s a common denial reason for all issuers and Chase denies people for that even when a card doesn’t have the 5/24 rule applied. For a primer on Chase 5/24 rule, read this first.
It’s difficult to prove that the Chase 5/24 rule does apply to more cards, but it’s easy to determine if it doesn’t. If somebody is approved for a card and is over 5/24 then that rule cannot be applied. This post aims to gather datapoints, if you’ve applied for a Chase card in the last 48 hours and that card previously hasn’t been subjected to 5/24 then let us know if you were approved or denied in the comments. In particular we are interested in those approval data points.
Datapoints
With the above datapoints remember that a denial doesn’t mean that Chase 5/24 definitively exists on those cards. I think it’s safe to say if a new rule has been introduced then it’s happened in the last 24-72 hours.
View Comments (169)
I wish I had seen this page prior to applying for Chase Disney card... Wasted hard pull... Denied as I am 5/24...
Even the IHG cards are now 100% under 5/24 according to a Chase credit analyst. Guess I won't ever be able to get any new cards from this bank ever again.
Denied for Chase Iberia applied around Dec 10 2019.
Our decision was based on these specific reasons Too many credit cards opened in the last two years assoicated with you.
I wanted to know 100% if this was true (and to be a DP) so I applied for IHG traveler card. I already have IHG premier and the old IHG Select card.
"too many credit cards opened in the last 2 years associated with you". I am also about 12/24 so over 5/24.
One more avenue closed.
Applied for BA card. Denied. 5/24 or lol/24?
Called and was told "too many cards opened in the last 2 years".
This kind of reminds me of when they changed the rule on the CSR/CSP deal and only allowed one. I was on the fence for the IHG card but I like to space out my card applications so they don't shut me down. I'm 6 or 7/24 so I won't try but I was waiting to sign up for the IHG card.
Now with the Chase quad done on my end, I'll have to see where to go for new opportunities next year once I hit my card annual spend bonuses. I have no MR earning AMEX cards but I am hesitant to pick up more high annual fee cards.
Even though only have 3 new cards in last 24 months I keep getting too many inquiries reason for denial. Yet most of the inquires were from Chase.
FWIW:
Son applied for BA card after receiving email invitation. Got denied after denial letter and 2 recon calls.
Totally qualified - 6-figure income and high score. Only 2 (non-Chase) credit cards in his name.
Reason given: Credit history of 3 years considered too short.
Do Chase Hyatt approved instantly? I applied 2 days ago, Sunday night, it said under review.
Denied yesterday for chase amazon. Easily 10+/12. But also denied from other banks for too many inquiries
Are these the co-branded biz cards, or co-branded personal (I thought those already counted...?) Any DPs on counting other biz cards (like Ink) in 5/24?