Looking to apply for a new Chase credit card, but not sure if you might be subject to their 5/24 rule? In this video, we review a free and simple way to check your status using Credit Karma, a great tool to monitor your credit score. In addition, we provide some additional considerations when dealing with Chase’s 5/24 rule. If you’re planning to apply for a Chase credit card, check out our video first to save yourself from an unnecessary credit pull and/or denial.
And in case you’re wondering “what is the 5/24 rule?”, it’s an unofficial rule at Chase. Basically, they are unlikely to approve a credit application if you’ve applied for 5 or more credit cards within the last 24 months from any bank.
– WEBSITE: Credit Karma
– ARTICLE: “Do ALL Credit Inquiries Count Toward Chase’s 5/24 Limit?” (Million Mile Secrets)
– ARTICLE: “How to Count Your 5/24 Status from Your Smart Phone” (Frequent Miler)
FEATURED CREDIT CARDS (AFFILIATE LINKS):
– Chase Sapphire Reserve
– Chase Freedom
– Chase Freedom Unlimited
– Chase Ink Business Preferred