For those who don’t know, the Chase 5/24 rule essentially states that you cannot be approved for a Chase credit card if you have opened 5 or more credit card with any issuer in the last 24 months. Unfortunately, that means you can’t apply for another Chase Card if you open any 5 credit cards within a 24 month span – not just with Chase.
Now that you know what the 5/24 rule is, you might be wondering how to check your status. There are a couple ways out there, but the best way to check is through CreditKarma.com. Credit Karma is a free website that you can use to calculate your credit score. It is completely free, and they don’t require your credit card number to use their services. Be careful, however, because the credit score that Credit Karma gives you is not necessarily equal to your actual FICO score. This is still a good tool to utilize though, so keep reading to see how you can use Credit Karma to check your 5/24 status.
The Chase Freedom FlexSM offers a $200 bonus after spending $500 on purchases in your first 3 months from account opening.
0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR.
You'll earn:
• Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
• 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
• 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
• Unlimited 1% cash back on all other purchases
You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
This card has no annual fee.
How to Check Your Chase 5/24 Status
- Log into Credit Karma
Log into your Credit Karma account, or create a new account if you haven’t already.
2. Step 2: Click on “Accounts” at the top of the page to be redirected to a list of every account on your credit report.
There will be an Accounts page you can click on, and once you click on it you should be able to see an exhaustive list of all your accounts.
3. Scroll through your open credit accounts and tally any account that is less than 2 years old.
The first thing you will see in the accounts tab is a list of all of your open credit accounts. Each one has an option to view more information. Once you click the + sign for more details, it will show you you utilization, payment history, and account age. Take a look at the “Opened” date and make a note of any cards that are less than 2 years old. For any cards that you have opened over 2 years ago, they do not count towards the 5/24 rule.
4. Do the same thing with your closed accounts
Even if you open and then close an account, it still counts towards the 5/24 rule if it was within the last 24 months.
5. Add up your total number of open and closed accounts that were opened less than 2 years ago
To determine your 5/24 status, simply add up all the total open and closed accounts you have opened in the last 24 months. Voila! You have now found your current 5/24 status.
The Chase Sapphire Preferred® Card offers 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
You'll earn:
• 5x on travel purchased through Chase TravelSM
• 3x on dining, select streaming services and online groceries
• 2x on all other travel purchases
• 1x on all other purchases
• $50 Annual Chase Travel Hotel Credit
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase TravelSM
This card carries a $95 annual fee.
Conclusion
Overall, the 5/24 rule is incredibly inconvenient if you want to sign up for a Chase card. However, now that you can check your status, you can use this information to your advantage. If you’re under the amount of allotted cards, feel free to sign up for another one. If you’re over the allotted card limit, you can view your accounts and see when you will be eligible again. If you’re looking for credit cards to sign up for, check out our Credit Card Promotions page for more options.
