Chase Using 5/24 Rule For Credit Limit Increase

This post may contain affiliate links; please read our advertiser disclosure for more information.

Chase Using 5/24 Rule For Credit Limit Increase

Chase has a well known rule called the Chase 5/24 rule when it comes to applications for new credit cards. Basically, you will not be approved for most Chase cards if you have opened 5 or more revolving accounts (including credit cards, lines of credit, etc.) in the past 24 months. That includes all cards, not just Chase cards.

Now, Doctor of Credit reports that Chase is using this rule even when cardholders request a credit limit increase on one of the credit cards they already have. When a reader applied for a credit limit increase with Chase, he was denied due “too many credit cards opened in the last two years associated with you”. This is the same reason that Chase gives to credit card applicants when they have opened 5 or more revolving accounts in the past 24 months. The person that requested the credit limit increase the called in and was specifically told the request was denied due to more than 5 cards in the last 24 months.


Most credit card issuers have been lowering credit limits for new cards and even current cardholders during the pandemic. So it is not surprising that Chase is denying credit limit requests. But this is the first time that we see the Chase 5/24 rule being used for these denials.

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.



Please enter your comment!
Please enter your name here

SoFi Money $50 Bonus!

Super easy bonus! Sign-up and deposit $500 or more and they'll pay you $50! That's it!
Grab Your $50 SoFi Bonus Now!

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!