Chase 5/24 Rule Explained In Detail – Everything You Need To Know (Updated For 2019) – Doctor Of Credit

Chase’s mysterious ‘5/24’ rule has infuriated airline mile churners. Mandi Woodruff.. In case you need a refresher – card (or mile) "churning" is the art of rapidly signing up for rewards.

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With this rule, Chase typically won’t approve you for some of their cards if you’ve opened five or more new card accounts in the past 24 months. There are some more details to be aware of, so see this post for everything you need to know about 5/24. As I explained in May, I was in a position where I needed to decide whether I was going to.

Update 11/19/2018: I'm calling it.. That's a common denial reason for all issuers and chase denies people for that even when a card doesn't have the 5/24 rule applied. For a primer on Chase 5/24 rule, read this first.. 48 hours and that card previously hasn't been subjected to 5/24 then let us know if you.

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The gist of the 5/24 rule is this: If you have opened 5 or more new credit cards in the. credit card, here are a few things you should know about the 5/24 rule:.

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Learn what the Chase 5/24 rule is and which credit cards are impacted.. Share. Updated April 11, 2019. Read on to learn everything you need to know about this rule, including important updates. What Is the Chase. We'll talk about business accounts more in detail. See the. Let's explain some of these in detail below.

New Rules for Chase Credit Card Approvals & What to Do About It! June 18, 2015 by million mile secrets million Mile Secrets. Signing up for credit cards through partner links earns us a commission.

/u/there_wreck just brought this to my attention via a comment.. DoC’s source told him that Chase’s 5/24 rule has gone into affect for all applications submitted on or after 5/22/16. View the post on Doctor of Credit here.

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Chase’s infamous 5/24 Rule has easily become the bane of rewards junkies everywhere by putting the majority of its credit cards out of reach for even those with excellent credit scores. Whether you want a Chase credit card for its specific rewards or simply wish to churn, baby, churn, the 5/24 Rule will likely play a big role in your journey toward the Chase card of your dreams.