Here's How to Check Your Chase 5/24 Status

Learn how to Verify Your Chase 5/24 Standing?

Chase has a 5/24 rule which suggests which you could’t be accepted for many Chase playing cards when you have opened 5 or extra bank cards (from any card issuer) throughout the previous 24 months. So you must all the time know your standing earlier than submitting an software.

To see if you’re beneath 5/24, you simply must rely what number of new playing cards you have got throughout the final 24 months. This consists of the playing cards which might be presently lively, in addition to these that you’ve got closed. So when you opened a card 20 months in the past after which closed it 2 months in the past, it nonetheless counts in the direction of 5/24.

For those who maintain good data with all software dates, you then in all probability don’t want any suggestions. However for most individuals on the market there are two choices to make use of for the Chase 5/24 rely. One is the Experian app, and the opposite is Credit score Karma. Try the step under and see find out how to get your Chase 5/24 standing.

Verify Chase 5/24 Standing with Experian App

The simplest technique might be the Experian app which is obtainable for Android and iOS units. Try the steps under and see the way it works.

To start out, simply seek for Experian within the Google Play Retailer or App Retailer and obtain the app.

Create a brand new account, enter all info, confirm your identification, and set a safety questions and PIN.

As soon as it’s all accomplished you’ll get a notification “Registration Full”. Click on “Proceed”.

Open the App and choose “Experiences” within the backside menu.

Faucet the “Accounts” field.

Faucet the “View” filter within the decrease proper nook (for Android, for iPhones it is perhaps in a unique location) and type by “Date Opened (New to Outdated)”.

Then simply scroll down and rely what number of new bank cards you have got within the final 24 months. For those who rely 5 or extra, then you’re over 5/24. For those who’re doing this now (December 2022) for instance, then you must rely all accounts with “Date Opened” in December 2020 or later.

Verify Chase 5/24 Standing with Credit score Karma

The second possibility is Credit score Karma. This isn’t as simple as utilizing the Experian app. Try the steps under and see the way it works.

Join Credit score Karma when you don’t have an account. Enter you e-mail, which might be your login, plus password after which another private info. When you create your account and check in, you must see your scores from Transunion and Equifax.

Click on one of many scores. Then scroll down an click on on the field that claims “Credit score age”.

You need to find yourself at this web page, and when you scroll down you will notice a listing of all of your bank cards, with the most recent ones on the backside. Rely the playing cards that have been opened throughout the final two years. Within the instance under there are solely three playing cards that have been opened throughout the final 24 months, which might imply that you’re beneath 5/24.

However there’s extra. The record above solely counts the playing cards that you’ve got are presently lively. Now it’s essential examine for any closed accounts that have been opened throughout the final 24 months. To try this, ensure you are logged in, and go to this web page. This may present you a listing of all closed accounts.

This record doesn’t present you once you opened these accounts. So when you see an account that was closed throughout the final two years, click on on it and see the opening date.

This card above for instance will NOT rely towards your Chase 5/24 standing. I opened it greater than 24 months in the past. For those who see any playing cards that have been opened inside 24 months, that it’s essential take these into consideration.

Licensed Consumer Accounts

Licensed person accounts will rely in the direction of your 5/24 standing once you apply for a brand new Chase bank card. Nonetheless, Chase can nonetheless approve you when you’re at 5/24, if a type of accounts is an Licensed person account. You’ll be able to name the Chase reconsideration line after making use of and clarify the state of affairs. They’ll approve you if one of many 5 playing cards is a licensed person account.

To see if any of your new accounts is a licensed person account, simply click on on any account (opened, or closed) within the Credit score Karma web site. If you’re the first cardholder on the account, the Duty row will present “Particular person”.