Chase’s 5/24 rule: Everything you need to know

Historically, some data points suggested you can apply for two Chase cards on the same day when you’re at 4/24. However, one of the applications may be automatically declined in this case.

If you call the reconsideration line, the agent may see your new (approved) account, and this may make you ineligible for the second one (though you’d still have the second hard inquiry on your account).

In either case, remember that Chase may scrutinize customers applying for credit too quickly. Our recommendation is to only apply for one Chase card at a time.

If you were denied for a card, wait until the first day of the next month and call the Chase reconsideration line, or reapply after the first day of the next month.

Yes. Your 5/24 score does not affect approvals for credit cards issued by banks other than Chase. Of course, each bank does have its own approval criteria.

No. If you are approved for a Chase business card, it shouldn’t add to your 5/24 standing. However, you must be below 5/24 to get approved for most Chase business cards.

Your application may be outright denied or marked for further review. In either case, you’ll want to call the Chase reconsideration line and note which accounts are authorized user accounts. The agent will likely ask whether you are responsible for these accounts and may approve you if someone else is the primary cardholder.

However, this is a manual process, and it may not work.

Instead, consider planning ahead and removing yourself as an authorized user at least a month before submitting your application.