Comments on: Chase 5/24 rule: What you need to know and how to develop a Chase credit card strategy https://millionmilesecrets.com/guides/chase-5-24-rule/ Mon, 11 Jul 2022 17:52:02 +0000 hourly 1 https://wordpress.org/?v=6.1.4 By: Roman from NYC https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5798695 Tue, 28 Jan 2020 14:25:56 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5798695 In reply to Bill from Maine.

I agree Bill,
I made mistake of not knowing about rules before started applying. Now I’m locked out until Jan 2021, but I’m not very concerned seeing how CHASE devalues or makes more expensive their cards, while other Banks sweetening the deals and adding protections and benefits. Yes CHASE was the best for a long time, but it lost its luster in past few months and recent increase of CSR’s AF to $550 can already see effects of what people think of CHASE now. I will not wait for CHASE for sure… My own AMEX Trifecta – AMEX Gold, AMEX Bonvoy Brilliant and AMEX Business Bonvoy make more sense for me anyways. And I’m not in hurry to get AMEX Platinum until they add another multiplier useful for my spending habits. There is a life without CHASE.

]]> By: Katie https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5793592 Sat, 14 Sep 2019 16:08:40 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5793592 Ugh, I forgot to double check which banks’ business cards don’t count toward 5/24, and we have opened 2 US Bank Cash Rewards World Elite Mastercard cards in the last year while waiting to get back under 5/24!
As far as you know, will they count?

]]> By: Qi Wan https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5790742 Mon, 22 Jul 2019 14:56:45 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5790742 I have two different businesses. Can I get the bonus if I apply the same business card, say Chase Business Preferred, for both businesses? Not at the same time. Any comments?

]]> By: Andrew Wan https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5786831 Fri, 24 May 2019 18:16:03 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5786831 In reply to Shay.

Hi Shay,

I’m only aware of the Sapphire products having the more restrictive 48 month waiting time frame to earn another bonus. All of their other cards (as far as I’m aware) have a 24 month time frame.

]]> By: Andrew Wan https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5786828 Fri, 24 May 2019 18:10:52 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5786828 In reply to Cody.

Hi Cody,

They can pull your personal credit report, but it won’t count towards 5/24 (Chase business credit cards don’t count towards the 5/24 count). So you can absolutely still apply with your SSN.

]]> By: Cody https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5786816 Fri, 24 May 2019 16:07:41 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5786816 If you apply for a small business credit card but don’t have a tax identification number, you have to apply with your social…does that mean that it will ding your credit and count towards the 5/24 rule? I use eBay as a business but don’t use a tax identification number…what should I do?

]]> By: Shay https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5786810 Fri, 24 May 2019 16:03:06 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5786810 What is the welcome bonus time limit on Chase business credit cards if you have already received the welcome bonus before and gotten rid of the card? I know for personal Sapphire and Southwest cards you can only get the welcome bonus every 48 months, used to be 24. Are the business cards 24 months? They do not state anymore in the fine print terms anymore.

]]> By: Bill from Maine https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5786800 Fri, 24 May 2019 15:03:48 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5786800 “If you’re over the Chase 5/24 limit, you don’t have to completely stop applying for credit cards.” That’s correct. With United and Lufthansa changing the redemption rules, the Sapphire and United cards become less valuable. Marriott is awash with devaluation. So yes, it’s true. You don’t have to stop. Do what I’ve done.
I have gone over to Amex, Citi and Barclay’s and accumulated lot’s of points and miles in other programs while Chase has earned a spot in my sock drawer.
If Chase want’s to have a 5/24 rule with Chase cards, I can live with that. But there are other programs that I also like. With Chase they penalize you for thinking that way. No thanks.

]]> By: James https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5786798 Fri, 24 May 2019 14:28:22 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5786798 I was under the Chase 5/24 rule having opened 4 cards in the past 24 months. So, anticipating some travel to the UK I applied for the Aer Lingus card in December 2018 and was denied w/o explanation. Is there a way to determine AHEAD OF TIME if your application will be approved/denied. In other words, will Chase respond to telephone inquiries regarding new applications?

]]> By: Tracer-x1 https://millionmilesecrets.com/guides/chase-5-24-rule/#comment-5786797 Fri, 24 May 2019 14:25:53 +0000 https://rvprmmsprd.wpengine.com/?post_type=mms_post_guide&p=487512#comment-5786797 My Chase sapphire preferred cards have a 5/48 rule now. Any way around that? I’ve reapplied, called, etc. to no avail.

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