![]() This gives it access to your account open dates for all lines of credit on your credit report. Like other issuers, Chase does a credit check (often referred to as a hard inquiry) before approving or denying your credit card application. So yes, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® are subject to the 5/24 rule. What credit cards are affected by Chase's 5/24 rule?Ĭhase doesn't officially publish its application rules, but the 5/24 rule appears to apply to almost all Chase cards, including all of Chase's top rewards credit cards. When you're no longer in this blackout period as time progresses, you're "out from under 5/24." You may also see people refer to this as having "5/24 slots free" again. Having opened five or more cards within 24 months essentially puts you in a "blackout" period, meaning you won't qualify for most of Chase's cards. This means five credit cards across all card issuers - not just Chase - so if you've opened three Amex cards and two Bank of America cards within the past 24 months, you still wouldn't be approved if the Chase card you're applying for is subject to Chase's 5/24 rule. What is the Chase 5/24 rule?Ĭhase's 5/24 rule prevents you from being approved for most Chase credit cards if you've opened five or more credit cards within the past 24 months. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay. ![]() These cards won't be worth it if you're paying interest or late fees. Until March 30, new cardmembers approved for a Chase Freedom Unlimited or Freedom Flex credit card can also earn up to $800 in cash back: $200 after spending $500 on purchases during the first 3 months from account opening, plus up to $600 by earning 5% cash back on grocery store purchases (not including Target or Walmart) on up to $12,000 spent in the first year 1.We're focused here on the rewards and perks that come with each card. ![]() ![]() (Eligible purchases can be made on and in-store)Ī: Cardmembers who are in the market for a broad mix of items – from necessities for outdoor entertaining to spring travel essentials – can earn cash back when shopping through, one of the most popular online retailers. Lowe’s: For those looking forward to making interior or exterior spring home improvements such as flooring refreshes, bath remodels, window installations, backyard landscaping or appliance updates, cardmembers can earn cash back while tackling a wide variety of home renovations. ![]() Starting April 1 through June 30, 2023, Chase Freedom and Freedom Flex cardmembers can earn 5% cash back on up to $1,500 in combined purchases on the following: "This quarter, we want to give cardmembers diverse opportunities to start cashbacking while enjoying some of their favorite activities." "We are excited to bring back cardmember favorites like Lowe’s and during the time of year when home improvements, outdoor entertaining and spring travel pick up," said Brent Reinhard, General Manager of Chase Freedom. With the Chase Freedom Q2 categories, cardmembers can kick-start spring while earning 5% cash back on up to $1,500 in combined purchases in these categories from April 1 through June 30, 2023. WILMINGTON, Del., March 15, 2023-( BUSINESS WIRE)-Today, Chase Freedom announced the rotating quarterly categories for Freedom and Freedom Flex cardmembers: Lowe’s ( and in-store) and. Freedom and Freedom Flex cardmembers can kick off spring by earning cash back when they activate their Q2 2023 categories ![]()
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