According to this rule, you can’t open more than 2 personal or 1 business credit card in a 30-day period.Īs with the 5/24 rule, this is not a confirmed, published rule - but it is backed by tons of user-reported data.īottom Line: Opening too many cards in a short period is one reason you might not be immediately approved for a Chase credit card. This one is a bit less well-known than the 5/24 rule. Chase Personal Cards Impacted by 5/24Ĭhase Small Business Credit Cards Impacted by 5/24 Here’s a list of Chase personal and business cards affected by the 5/24 rule:ĭisclaimer: This information is based on crowdsourced reports and is subject to change this list hasn’t been officially confirmed by Chase. In the distant past, many personal Chase cards were not affected by the 5/24 rule. The good news is MOST business credit cards DO NOT count against you under the 5/24 rule. Business cards from Capital One, Discover, and some other banks. Being added as an authorized user to someone else’s credit card account.Retail credit cards like cards from stores like Victoria’s Secret, Best Buy, and Amazon.Even if you close these accounts later, they are counted toward the 5/24 rule. New personal credit cards that you open at any bank.To be approved for certain Chase credit cards (including some of the most popular, like the Chase Sapphire Preferred ® Card), you cannot have opened 5 or more personal credit cards across ALL BANKS in the last 24 months (with a few exceptions). The 5/24 rule is not a published rule, but it is very much alive and well. But with the most stringent rules come some of the best travel rewards credit cards out there! The Chase 5/24 Rule These rules are in place to limit the amount of credit that banks extend to an individual and discourage those who are trying to game the system.Ĭhase is no exception to these rules, and it’s known for having some of the strictest ones among card issuers. Click on this to check the current status of your Chase credit card application.Īll banks have rules about how often you can apply for credit cards. Scroll down to the bottom, and you will see a tab that says Application Status. After you log in to your account, click on the icon in the top left corner that looks like a column of lines.Ī menu will pop up along the left side of your screen. You can check your application status online if you are already a Chase customer. To check your personal Chase credit card application status by phone, call the application status line at 80. Get a message stating you’ll have a decision within 2 weeks.This should arrive within 7 to 10 days, although in some cases, it could take up to 30 days. Get a letter in the mail confirming or denying your application.If you don’t get immediately approved, don’t fret there’s still hope. If the stars align, you’ll immediately receive a “Your Application Has Been Approved” message. An application’s pending status can sometimes be due to a simple typo or other unintentional errors. You made a mistake on the application.You might need to provide additional documents to Chase to confirm the details of your business. Small business applications can be trickier than those for personal credit cards. You are applying for a small business credit card.If you already have a couple of Chase credit cards open, you might be nearing the top limit of credit it is willing to extend to you. You already have a lot of credit with Chase.Chase is especially tough on this one since implementing the 5/24 rule scroll down for more information about these restrictions. This can be a problem for many of us who love travel rewards credit cards. You have applied for too many credit cards.Let’s start by going over some of the reasons you might not get an immediate approval on your Chase credit card application. Reasons You Don’t Get an Immediate Approval This post will cover everything you need to know about your Chase credit card application status and what to do if you aren’t immediately approved. We’ve been there, and we know it can be stressful. When you apply for a new credit card and don’t get an immediate approval, you might start to worry and wonder what you should do next.
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