In the world of credit cards and rewards points, the Chase 5/24 rule has become a significant consideration for those seeking to maximize their credit card benefits. This rule, implemented by Chase
, is designed to limit the number of credit cards a person can open within a specific time frame. As a result, it can impact an individual's ability to obtain lucrative sign-up bonuses and take full advantage of the rewards and benefits offered by Chase credit cards
The Chase 5/24 rule is not officially published by Chase, but it has become widely acknowledged and discussed within the credit card community. In essence, the rule states that if a person has opened five or more credit cards from any issuer within the past 24 months, they will be automatically denied for most Chase credit card
applications. This article will outline everything you need to know about the Chase 5/24 rule, including how it works, strategies for managing it, and tips for staying under the rule's limit.