In this view, count everything that you opened within the past 24 months. (Screenshot from Experian mobile app for iPhone) You’ll be asked for some personal information and will need to verify your identity through security questions. Setting up your account is an easy process. To start, sign up for a free account with Experian. While you can do this manually by tediously checking each account, let's save those options for later. You could use practically any free credit report monitoring service to calculate your standing. And we've included some information on how to make sure you don't inadvertently sign up for Experian's paid membership service.įor more TPG news delivered each morning to your inbox, sign up for our daily newsletter. Therefore, we've updated this guide with the new, fastest way to check your status, which is using Experian's mobile app. Unfortunately, the ability to see this easily on Credit Karma's website and app has disappeared. Doing so is very easy and doesn’t require any complicated spreadsheets.Ĭredit Karma used to be the most popular service for checking your 5/24 status. To avoid wasting your five Chase slots or applying for a Chase card only to be denied, you should keep track of your 5/24 standing. Put simply, the rule is this: if you’ve opened five or more personal credit cards across all issuers in the last 24 months, Chase almost certainly will deny your next card application.Īlthough some cobranded cards used to be exempt from the rule, it now applies to all Chase-issued cards - including business cards (though they won’t add to your personal card count if you already have them and are applying for a new personal credit card). Unless you’re new to opening credit cards, you’re probably familiar with Chase’s 5/24 rule. Editor’s note: This post has been updated with new information.
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