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Best Credit Cards If You're Over Chase's 5/24 Rule
Posted on Jul 3, 2018
Updated on Apr 19, 2024
A perfect credit score isn't enough to get approved for many Chase credit cards and so called 5/24 rule proves it. The Chase 5/24 rule limits you to five new credit card accounts opened in the last 24 months. This means you won't be approved for a new Chase card if you've opened five or more new cards across all banks in the past two years. Most Chase credit cards are subject to 5/24 for approval.
Alternatives to Chase Credit Cards
When you're over the 5/24 limit, you still have options. The 5/24 rule only applies to getting approved for credit cards issued by Chase. That means you can still get just about any credit card that's not issued by Chase. Take a look at some of the best options out there.
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Intro APR on Purchases
0% Intro APR (15 months)
Intro APR on Balance Transfer
0% Intro APR (15 months)
Regular APR
17.24% - 28.24% Variable APR
Balance Transfer Fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Annual Fee
$0
- INTRO OFFER: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
- Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
- Redeem your rewards for cash at any time.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Get a 0% intro APR for 15 months on purchases. Then 17.24% to 28.24% Standard Variable Purchase APR applies, based on credit worthiness.
- No annual fee.
- Terms and conditions apply.
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Intro APR on Purchases
0% intro APR for 21 months from account opening
Intro APR on Balance Transfer
0% intro APR for 21 months from account opening on qualifying balance transfers
Regular APR
18.24%, 24.74%, or 29.99% Variable APR
Balance Transfer Fee
5%, min: $5
Annual Fee
$0
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
- $0 Annual Fee.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
- Rates & Fees
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Intro APR on Purchases
0% Intro APR (15 months)
Intro APR on Balance Transfer
0% Intro APR (15 months)
Regular APR
17.24% - 28.24% Variable APR
Balance Transfer Fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Annual Fee
$0
- UNLIMITED BONUS: Unlimited Mile-for-Mile match for all new cardmembers - only from Discover. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
- Automatically earn unlimited 1.5x Miles on every dollar of every purchase
- No annual fee
- Turn Miles into cash. Or redeem as a statement credit for your travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more.
- 0% intro APR for 15 months on purchases. Then 17.24% - 28.24% Standard Variable Purchase APR will apply.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Discover is accepted nationwide by 99% of the places that take credit cards.
- Terms and conditions apply.
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Intro APR on Purchases
0% intro APR for 15 months from account opening
Intro APR on Balance Transfer
0% intro APR for 15 months from account opening on qualifying balance transfers
Regular APR
20.24%, 25.24%, or 29.99% Variable APR
Balance Transfer Fee
3% for 120 days from account opening, then up to 5%, min: $5
Annual Fee
$0
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don't expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Rates & Fees
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Alternatives to Chase Travel Credit Cards
Chase travel credit cards allow you to earn bonus points on select purchases and redeem for travel, gift cards and cash back. Other issuers offer as good or even better travel credit card offers. If you are over the 5/24 rule, consider applying for one of the travel rewards credit cards below.
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Intro APR on Purchases
0% Intro APR (15 months)
Intro APR on Balance Transfer
0% Intro APR (15 months)
Regular APR
17.24% - 28.24% Variable APR
Balance Transfer Fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Annual Fee
$0
- UNLIMITED BONUS: Unlimited Mile-for-Mile match for all new cardmembers - only from Discover. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
- Automatically earn unlimited 1.5x Miles on every dollar of every purchase
- No annual fee
- Turn Miles into cash. Or redeem as a statement credit for your travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more.
- 0% intro APR for 15 months on purchases. Then 17.24% - 28.24% Standard Variable Purchase APR will apply.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Discover is accepted nationwide by 99% of the places that take credit cards.
- Terms and conditions apply.
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Intro APR on Purchases
0% intro APR for 12 months from account opening
Intro APR on Balance Transfer
N/A
Regular APR
20.24%, 25.24%, or 29.99% Variable APR
Balance Transfer Fee
3% for 120 days from account opening, then up to 5%, min: $5
Annual Fee
$0
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months - that's a $200 cash redemption value.
- Earn unlimited 3X points on the things that really add up - like restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Plus, earn 1X points on other purchases.
- $0 annual fee.
- 0% intro APR for 12 months from account opening on purchases. 20.24%, 25.24%, or 29.99% variable APR thereafter.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Redeem your rewards points for travel, gift cards, or statement credits. Or shop at millions of online stores and redeem your rewards when you check out with PayPal.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Rates & Fees
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Intro APR on Purchases
N/A
Intro APR on Balance Transfer
N/A
Regular APR
21.24% - 29.24% (Variable)
Balance Transfer Fee
5% of each balance transfer; $5 minimum.
Annual Fee
$95
- Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening.
Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024. - Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels
- Earn 3 Points per $1 spent at Restaurants and Supermarkets
- Earn 1 Point per $1 spent on all other purchases
- Annual Hotel Savings Benefit
- 60,000 ThankYou® Points are redeemable for $600 in gift cards or travel rewards at thankyou.com
- No expiration and no limit to the amount of points you can earn with this card
- No Foreign Transaction Fees on purchases
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Alternatives to Chase Cash Back Credit Cards
Chase cash back credit cards allow you to earn from 1% cash back on all purchases and up to 5% cash back in bonus categories. Similar cash back rewards can be found on other credit card offers and at better terms. You can get the same up to 5% cash back in rotating bonus categories with the Discover it® Cash Back card (up to the quarterly maximum, activation is required). Other issuers can offer 1.5% or even 2% cash back on all purchases. For example, the Citi Double Cash® Card earns 2% cash back on every purchase (1% cash back when you buy, plus an additional 1% as you pay for those purchases).
Alternatives to Chase Cards with 0% Intro APR
The average 0% intro APR period lasts for 15 months on Chase credit cards. But what if you need more time to pay off a big purchase or transferred balance. There are a lot of credit cards that offer longer promotional 0% APR periods on balance transfers and purchases. For example, with the Wells Fargo Reflect® Card, you can get 0% intro APR for 21 months from account opening on purchases and balance transfers (18.24%, 24.74%, or 29.99% Variable APR thereafter).
Alternatives to Chase Small Business Credit Cards
There are business credit cards that are aimed at travelers and cards that allow you to earn rewards on business expenses. Based on your business spendings, you can choose to earn miles rewards or cash back rewards on all purchases. For example, those who travel for business a lot, may like the Citi® / AAdvantage Business™ World Elite Mastercard® card. The card earns miles rewards and comes with additional travel and business perks.
How the Chase's 5/24 Rule Works
Before we proceed with any explanation, it should be said that so called "5/24" rule is not an officially published policy from Chase. It is an informal policy based on consumers' experience of applying for Chase credit cards. So what's the 5/24 rule? In order to get approved for any Chase credit card, you should not have opened five or more personal credit cards in the last 24 months.
Chase looks at the total of all new consumer credit cards you've opened across all banks in the past two years. To check your 5/24 count, get a free copy of your credit report and look at the dates your credit card accounts were opened. The accounts that were opened in the last 24 months should be counted (including closed credit card accounts).
Working Around the 5/24 Rule
While for some people the only option to overcome 5/24 is to wait, the others may bypass the rule. Here are some potential workarounds for rejections based on being over the 5/24 limit.
1. Ask for reconsideration if you are an authorized user on someone's credit card. Call the Chase reconsideration line and request a manual evaluation. A human reviewer may discount cards on which you are an authorized user and may approve you.
2. Choose the card that is exempt from the rule. Not all Chase cards are subject to the 5/24 rule. For example, such co-branded cards like British Airways Visa card, Amazon Prime Rewards Visa card and some other co-branded cards are not subject to 5/24.
3. Apply for an alternative credit card. There are credit cards from other banks that are similar to Chase credit cards in rewards terms. Some cards offer even better rewards or terms. So, it is worth shopping around and comparing.
