Double Duty Daddy

Defying The Odds: The Chase 5/24 Rule

I may sound like a broken record but I absolutely love Chase credit cards. They are versatile in how you earn points and provide maximum ROI when redeeming for travel. Die-hard folks in the points & miles community are well aware of Chase’s new 5/24 rule on application approvals but if you’re a newbie into the hobby or just curious, here is the cliff notes version on the new policy:

“If you’ve opened 5 or more new credit card accounts (any bank) in the past 24 months (excluding authorized user accounts), you will NOT be approved for a Chase branded card.”

I would vouch to say that practically every single person I know in the points & miles hobby has applied for 2x or 3x that amount in the past 24 months. This policy from Chase has been a game changer for credit card churners and quite frankly, has hurt many of us who have a systematic approach to earning points and miles from credit card sign-up bonuses.

Despite the new strict application policy from Chase, they have been targeting me with mail offers for the Chase Ink Plus often recently.


About 20 months ago, I opened up a new Ink Plus account (70k sign-up bonus) and recently closed it because I didn’t want to pay two annual fees since I already had the Ink Bold. The Ink Plus and Ink Bold are essentially the same business cards but count as two different products so you could get both and earn the sign-up bonus for each.

Newbie Tip (skip if you’re not a newbie): You can qualify for a business credit card from most banks without having a legally registered business. You simply need to apply as a Sole Proprietor and enter your Social Security number in the application instead of the Tax Identification Number. You can sell items on eBay or Craigslist and THAT would qualify as a “business” in many cases. For example, I’m a licensed real estate associate and I use my Ink Bold business credit card for items such as gas, advertising and miscellaneous expenses.


If Chase’s policy is as strict as they say it is, then I should NOT be eligible for a new Chase credit card product until late 2016 since I’ve surely applied for much more than 5 credit cards in the past 24 months. So why am I being targeted to apply for a new Chase Ink Plus now when 24 months haven’t passed since my last Ink Plus application? Well, I decided to test that notion and applied for the Ink Plus yesterday on Cyber Monday.

Result: I received a pending decision and due to my lack of patience, I called Chase immediately to check on the status of the application and provide them with any additional information they might need to expedite a decision. After confirming my SS# and home address, I was put on hold for about 3 minutes when the CSR came back with those glorious words you yearn to hear, “You have been approved”. No questions about my income, my business or any remarks regarding the 5/24 policy. I was targeted via mail to apply for the Ink Plus so YMMV but I’m now more optimistic than ever that Chase may be excluding the Ink products from their 5/24 policy.


Have you been successful in applying for any Chase-branded cards despite the new, strict policy?  Tell us in the comments below!







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  1. SH December 2, 2015 at 10:10 pm

    Been reading a lot about the Ink not being included in the 5/24 rule. Seems like this continues to be the case.

    If I may ask, how long were you working for yourself in real estate before you applied?

    • DD Daddy December 2, 2015 at 10:33 pm

      Real estate is my side gig. I have been doing it for 2 years now.

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