Discussion in 'Chase Ultimate Rewards' started by JD101, Feb 6, 2018.
Is 5/24 rule applicable to chase business cards?
Depends on the issuing bank of the business card, but generally no. For example, Chase's own biz cards do not count against 5/24, but Cap1 biz cards show on your personal report, and therefore do count toward 5/24.
It applies to the Ink cards, the United cards and the Southwest card but not the Marriott card.
Chase Visa Signature Card (Business) was declined citing too many credit cards opened in last 2 years. I asked the rep how many and he said 8. Apparently they look at personal cards when approving for Business cards.
They look at the credit report. Any revolving account within the last 24 months gets counted.
To clarify the above, all credit cards count for 5/24 unless it’s a business card that does not show up on your personal credit report.
However, there are certain Chase Business cards that you can get like Southwest, CIP, and United that don’t take up a slot. Theoretically if you had five Chase business cards you would be 0/24 and you could get five personal Chase cards.
Does people here use a tool (such excel) to track open CC within 24 months of you check your credit report often?
Gracias Ingeniero. I am also an engineer. I have a creditKarma account but don't go there often. Thanks a lot.
I also keep a spreadsheet. I find it easier to track all cards opening date, closing date, date the bonus posted, annual fees, etc. I keep separate pages for my cards and my wife's in chronological order.
Thanks a lot. I will work on populating an excel file with my cc.
El Ingeniero is also a famous tango by Carlos DiSarli's orchestra. Not my favorite, but I thought it fit me for a moniker.
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