What is the Chase 5/24 rule?

Chase offers travel and cash-back credit cards with solid rewards and perks. But it also has application restrictions that limit when and how often you can get approved for its cards. One of the strictest is known as the Chase 5/24 rule.The 5/24 rule is an unofficial policy that dictates that Chase won’t approve you for its cards if you’ve opened five or more personal credit card accounts from any issuer in the last 24 months.Put simply, the number of cards you’ve opened in the previous two years will affect your approval odds with Chase.If you open more than a couple of new credit cards each year and are eyeing a Chase card, understanding the Chase 5/24 rule is a must.Let’s look at the specifics of the 5/24 rule, how it affects you and how you can be strategic with your credit card applications.We receive compensation from our partners for Featured Offer placements, which impacts how and where their offer is displayed.Featured OfferChase Sapphire Preferred® CardWelcome BonusEarn 60,00...