Chase freedom credit card status12/2/2023 ![]() If you're an authorized user on credit cards opened in the past 24 months, Chase may count these during your application.This policy is based on opening new credit cards, regardless of closing activity. Even if you subsequently close a card, that card will still count toward your 5/24 status.Thus, these business cards will count toward your 5/24 status. These card issuers report most of their small business cards to your personal credit report. The exceptions to this rule are Capital One, Discover, and TD Bank.However, if you're approved, Chase won't count this card towards your 5/24 status when applying for another Chase card. This can be confusing as applications for the Ink Preferred are still subject to the 5/24 policy when applying. In most cases, Chase doesn’t count business cards toward your 5/24 status, including its own cards.You would be 3/24 - even though none of the cards are issued by Chase. For example, say you’ve opened one card each with American Express, Bank of America, and Barclaycard in the previous 24 months. All personal credit cards opened in the past 24 months (from any card issuer) count towards your 5/24 status.Here are the main takeaways from our in-depth post on 5/24: Chase applies this restriction to essentially all Chase credit cards - including all Sapphire, Ink, Freedom, airline, hotel, and business credit cards. The 5/24 policy restricts the approval of new Chase credit cards to applicants with less than five new credit card accounts opened over the past 24 months. However, if you don't already have these details, there are free tools that can help you determine your Chase 5/24 status for free. We recommend keeping a detailed spreadsheet tracking all of your credit card application, approval, and cancellation dates. The policy applies to all Chase-issued rewards cards, including crowd favorites like the Chase Sapphire Preferred ® Card, Chase Sapphire Reserve ®, and Ink Business Preferred ® Credit CardĪ question we field on a regular basis - both here on the blog and in AwardWallet’s Facebook community, Award Travel 101 - is how to check your 5/24 status. Of all the credit card card application restrictions, Chase’s 5/24 policy is one of the most prohibitive - and one of the most (in)famous. The opinions expressed here are our own and have not been reviewed, provided, or approved by any bank advertiser. Terms Apply to the offers listed on this page. ![]() AwardWallet receives compensation from advertising partners for links on the blog. ![]()
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