What is the 5 24 rule?
What is the 5 24 rule? AFP via Getty Images. The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.
Does AmEx have a 5 24 rule?
Does AmEx have a 5/24 rule? No; in fact, the AmEx welcome bonus rules work differently than Chase. Ariana is a travel rewards expert who has been covering points, miles and free travel for over seven years. She previously served as managing editor for FlyerTalk and Frugal Travel Guy.