How To Check Your 5/24 Status


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Chase issues some of the best rewards credit cards out there, though one of the major restrictions associated with being approved for many of their cards is the “5/24 rule.”

What is the 5/24 rule?

With Chase’s 5/24 policy, you typically won’t be approved for a card if you’ve opened five or more new accounts in the past 24 months. This is more of a general guideline than a strict rule, though. Here’s what you should know about 5/24:

So if you want to be approved for cards like the Chase Sapphire Preferred® CardChase Sapphire Reserve℠ Card, or Ink Business Preferred℠ Credit Card, you’ll want to be aware of this restriction.

How can you figure out your 5/24 “status?”

One question I’m often asked if how you can see your status as it relates to 5/24. Most people probably remember how many cards they’ve opened in the past 24 months, but for those who don’t, there’s an easy way to look it up. It’s quick and takes just a few minutes.

My preferred way of looking it up is through Credit Karma. You can sign-up for Credit Karma for free, which is an easy process. You’ll just need to enter some personal information and then verify some security questions, all of which should take just a couple of minutes.

Once you’re logged into your account, you should see your credit scores displayed. At the bottom left of the page you’ll see a section that reads “Credit Health” — click that.

On the next page you’ll see all kinds of interesting data on your credit score (which really puts into perspective what matters and what doesn’t). Click on the “Credit age” section at the bottom left.

The next page will list all of the credit card accounts you’ve opened in chronological order. So to see the ones you opened the most recently, scroll all the way down, and count how many there have been in the past two years. In my case, that’s a total of seven cards.

So it looks like I’m “7/24.”

In terms of other things to be aware of:

  • Only credit cards count towards this limit, and not car loans, mortgages, etc.
  • It can sometimes take a while for recent applications to show on your report, so if you’ve applied for a card in the past few weeks, it may not be on there yet

Bottom line

The process of checking your 5/24 status with Credit Karma is free and easy. In my case I have most of the Chase cards I want, including the Chase Sapphire Reserve℠ Card. My only regret is not having the Ink Business Preferred℠ Credit Card, which has so many fantastic benefits and a great sign-up bonus. I guess I need to decide whether I want to lay low for nine months and wait for my report to drop below 5/24, or not.

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