If I’m at 3/24 and I get a business card from Chase, am I still at 3/24 or do I go up to 4/24?
Chase business cards count. Non-Chase business cards count if they are reported to the credit agencies and appear on your credit reports.
Lare
November 20, 2016, 4:17am
3
For anyone else who didn’t know, I found this…
Back in mid-2015, reports began emerging of Chase automatically declining credit card applications for individuals who had opened a large number of accounts within the immediately preceding two years. While a few reports emerged of successful approvals, it appeared that the magic number was five accounts: If you had opened five or more accounts in the last 24 months (hence “5/24”), your application was likely dead on arrival, and even a call to the reconsideration line wouldn’t help.
Rest of the story at Chase’s 5/24 rule: Everything you need to know - The Points Guy
Are you quite certain of this? I have asked a lot of other people and half of the people say will count while the other half they will not count. How do you know this for sure?
Read the Wiki at this flyertalk.com thread:
Applying for Chase Credit Cards- May 2015-Present
This section addresses your question:
How does Chase calculate the number of an applicant’s new cards for purposes of the 5/24 rule?
The 24-month count includes personal cards opened at other banks, and even cards on which the applicant is only an authorized user and not the primary cardholder. […]
Note: The actual cut-off number of recently opened cards may not be 5; it may be lower or perhaps higher, and it may differ for different applicants. Note also that the number of inquiries on a given credit reporting agency (or the total across all CRAs) is irrelevant.
Note also that non-Chase business cards and cards not reported to EQ/TU/EX (such as some department-store charge cards) don’t count towards this 5-card limit. However, Chase business cards are included in the total .
Yes, I see now, thank you.