If you’ve tried to apply for a new credit card and got bounced, the 5/24 rule might be why. It’s a simple guideline that big banks use to limit how many cards you can have opened in a short period. Knowing the rule can save you from wasted applications and protect your credit score.
In plain terms, the rule says: if you have opened 5 or more credit cards (including loans that count as revolving credit) in the past 24 months, many issuers will automatically reject your new request. The rule started with Chase, but other banks have adopted similar policies.
The count includes every personal credit card you’ve opened, even if you close it later. It also adds retail cards, store cards, and some personal loans that behave like revolving credit. Balance transfer cards, secured cards, and business cards usually don’t count, but it’s best to double‑check each issuer’s policy.
To figure out where you stand, pull a credit report or use a free online tool that shows your recent account openings. Look at the “Date Opened” column and tally any accounts opened within the last two years. If the number is 5 or more, you’re likely in the 5/24 zone.
First, prioritize cards that don’t count toward the limit. Secured cards, business cards, and some store cards can give you new credit without adding to the 5/24 tally. Second, wait it out. The rule drops a card off the count after 24 months, so plan major applications around that timeline.
Another trick is to apply for cards that have looser criteria. Some newer banks or credit unions use different scoring models and may not enforce the 5/24 rule at all. Finally, keep an eye on your credit utilization. Even if you’re under the 5/24 limit, a high utilization ratio can still hurt approval odds.
Remember, the rule is about protecting banks from too much risk, not about punishing you. By staying organized and timing your applications, you can keep building credit without hitting a wall.
In summary, check your recent card openings, use non‑counting cards when possible, and wait out the 24‑month window if you’re over the limit. This approach keeps your credit healthy and boosts your chances of getting the cards you need.
Find out exactly what the 5 24 rule means for credit cards, how it affects your chances, why Chase uses it, and tips to manage your credit in 2025.
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