Chase 5/24 Rule New Experiences Review

With plenty of Chase Cards out there and tons of attractive bonuses attached to these cards, it’s just the biggest tease of a lifetime that we can’t get our hands on most of them without having to run into a brick-wall considered to be Chase’s 5/24 Rule, however, our dedications to finding ways to bypass the Chase 5/24 Rule has finally come to light. If your application is put online, it will go through normal application process. If the BRM puts in your application through paper, approval will be more successful considering that it will be processed through special business lending’s department .

How To Get Around This Rule

• If a BRM processes your application through paper, then you’ll most likely be eligible for these current bonuses, dropped March 12:
  • Chase INK Business Preferred Increased In-Branch Sign Up Offer
  • Chase Ink Cash Increased In-Branch Sign Up Offer

1. Meet with a Chase Business Relationship Manager (Note that not all Chase branches has one).
2. Have the BRM representative put your application in.
3. Your application will be processed through the special business lending department. (They do not deny based on 5/24 Status)

Editor’s Note: Just by being a Chase Private Client was a catalyst for bypassing Chase’s 5/24 Rule, however, Chase removed this ability, so I’m only assuming on this basis that this ability won’t be available forever.

Business Managed Customer Requirements:

• Must have a business revenue of $500,000+
• Personal Identification — Two forms of ID are required. One form must be a Government Issued ID
  • Primary ID Examples:
    • U.S. Citizens: State Issued Driver’s License, State Issued ID card, Passport, etc. Non U.S. Citizens: Permanent Residents must provide their Permanent Resident Alien Card (Green Card).
    • Non U.S. Citizens who are not Permanent Resident Alien Cardholders must provide their Passport or Matricula Consular Card.
  • Secondary ID Examples:
    • Credit Card/Debit Card with embossed name, Employer ID, Utility Bill, etc.
• Tax Identification Number — An Employer Identification Number is required.
  • Single Member LLCs may use their SSN or ITIN
  • Individual Taxpayer Identification Number (ITIN) may be used for Non U.S. Citizen
• Business Documentation — Varies based on the State of Organization.
  • Certified Articles of Organization (Certificate of Formation) – filed with state agency
  • Website Validation
  • Assumed Name Certificate
  • Note: if your business is organized in another state, but operates in the state where the account is being opened, documentation from both states is required.
    • Business Documentation from the state the business is organized in, and Foreign Registration or Certification from the state the account is being opened in

Editor’s Note: Keep in mind that quite a sum of individuals have been getting approved for the listed Business Cards from Chase without being a Business Managed Customer.

Final Analysis:

For those of you who are Business Managed Customers or just have the hook ups to a Business Manager. You may be able to bypass the 5/24 Rule if you have a Business Manager willing to process your application as paperwork. If so, your application will go through the special business lending department which doesn’t do approval based on 5/24 Status. Keep in mind that you will not be guaranteed the card, you just won’t be approved based on factors outside of the 5/24 Rule. Don’t forget to check out our full list of Chase Credit Cards and other  Credit Card Bonuses.