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In this video we look at the Chase 5/24 rule, which is a policy from Chase Bank where they will only allow customers to open a new credit card if they have opened less than 5 new credit card accounts in the last 2 years or 24 months.
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20 comments
You should make an video for international or non American citizens!
I would really like to apply for the chase freedom unlimited but just want to be sure hard inquiries doesn’t count as long I was not approved please let me know even though you made it clear in the video but the other Chanel I watch says different and I only watch both of y’all
Don't other banks care about the 5/24 rule?
Hey bro do you know what Bank of America's 5/24 rules are?
Does it also count online credit cards like through synchrony?
Still can't get a 100% answer if Store Cards (not VISA or MC) if they are included or not.
Do store credit cards count towards the 5/24? If you count my Home Depot credit card(offered by Citibank but can only be used at Home Depot), I'm at 5/24.
Please let me know what you think. Thanks!
You'll see my scores are Excellent 🤣🤣💯
What about closing one the cards?
Do store cards like a jewelry card count? Or kohl’s?
Can you please answer if a checking line of credit count toward this rule?
What about a credit card limit increase does that count for 5/24 rule ????? Please new video
do limit increases count towards 5/24 if there was a hard pull?
Is there a number you can call before having to get denied for the card to get the authorized card off your record ?
If I opened a card and closed it (for example I had a Citi card for only 15 months period), does that count towards the 5/24 rule?
Hi credit Shifu, I have four credit cards I just got a Verizon credit card a few months but will not use it I'm only using that for the auto-pay the way they have its structure is not good but my question is can I still apply for a Chase Sapphire Reserve card?The Verizon Visa card was my #5 card all my other cars I had for years.
You forgot to mention if secured credit cards count in 5/24 rule¿
Does cards in which you appear as an authorized user count towards the 5/24 rule? Or, is it only your actual cards where one its your account and you are the primary card holder. …I have four cards of my onw but I was listed as the authorized user of many other cards
I started this journey with a secure capital one platinum but then they upgrade this card with a quicksilver one, I got an AMEX and CFU,, also an Amazon store.
The question is the quick silver card counts for the 5/24 tule, could I apply for the CFF?
I dislike that this rule is holding me back from getting the Amazon card…