How to Calculate YOUR Chase 5/24 Rule Status (3 Ways)

Want an easy way to calculate your Chase 5/24 Rule standing? I’ll show you the BEST way I’ve seen so far so you can better determine when to apply for your next Chase credit card! Click “Show More” to see Ad Disclosure, links, and additional information below.

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🎬 VIDEO - Chase 5/24 Rule Explained
https://youtu.be/muJEN8C86JY

WHAT IS THE CHASE 5/24 RULE? (Chase 5/24 Rule Explained)
Chase will automatically deny a credit card application if you’ve opened 5 or more cards with any bank in the last 24 months that appear on your credit report. This includes closed credit card accounts within the past 24 months.

So say you’ve opened 2 Citi credit cards (like the Citi Custom Cash and the Citi Double Cash), plus 2 American Express credit cards (like the Amex Gold Card and Amex Platinum Card), plus 1 Chase credit card (like the Chase Sapphire Preferred). In total, that’s 5 credit card accounts across all issuers. If you’ve opened all of those in the past 24 months, then you’ll need to wait until your ‘count’ is 4 credit cards or fewer within your current 24-month look-back period.

HOW TO CHECK CHASE 5/24 STATUS
While you can use apps or programs like Credit Karma, Credit Journey by Chase, and others, I’ve found the easiest way is to use the Experian mobile app (with a free Experian account). Simply follow these steps:

1. Sign up for a free Experian account
2. Download the mobile app & log in
3. View all cards from newest to oldest (use the ‘Views’ feature in the top right corner)
4. Count the credit cards you’ve opened in the last 24 months

The Experian app makes it very easy to see your credit cards by year, in order, and with the exact Open Date displayed in 1 scrollable list.

DO BUSINESS CARDS COUNT TOWARDS 5/24?
Almost always no. As long as they do not appear on your personal credit report, then business credit cards will not count towards 5/24. Known exceptions of business credit cards that do report to the personal side include Discover and TD Bank.

ALSO NOTE...
The date you’re ‘officially’ below the Chase 5/24 Rule will likely not be the exact date your card turns 2 years old. Rather, it’s recommended to wait at least until the 1st day of the next month after your card’s 2-year anniversary. That way you allow extra time for your credit report to update. Personally, I like to wait closer to 1 month to ensure that both my credit report and Chase’s system are completely up to date.

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Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

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