Chase’s 5/24 rule: What it is, and what it means for your credit card applications

As points, miles, and rewards credit cards have become more popular, issuers like Chase have implemented their own rules around credit card approvals. Chase’s 5/24 rule dictates that you won’t be approved for most Chase credit cards if you’ve opened five or more credit cards across all banks in the last 24 months. The Chase Sapphire Preferred Card, Chase Sapphire Reserve, Chase Freedom Unlimited, United Explorer Card and several other top rewards cards from

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