Chase Applying 5/24 to Credit Limit Increases

When it comes to credit card rules, I would wager that Chase’s 5/24 rule is the most discussed rule out there. The rule states that if you’ve been approved for 5 or more credit cards within the last 24 months, you cannot get approved for a Chase credit card. There are exceptions to this rule, but they are far and few in between. While this has traditionally only applied to getting new credit cards, it looks like Chase has made a change that expands its use.

The News

It has been reported that some people are being denied for credit limit increases due to being over Chase’s 5/24 rule. This has been confirmed not only in writing, but also from customer service representatives when calling in to inquire about the written reason.

Final Thoughts

In the past, the 5/24 rule has been known to apply only to credit cards. I’m unsure if this is just a temporary measure that is implemented due to COVID, or if this is something that will stick around for the long haul. My guess is that this is just something Chase is doing to deny credit limit increases.

We’ve already seen Chase tightening up by making it incredibly difficult to get a business card, even for legit businesses. While I can understand why this move was made from Chase’s point of view, it just seems like a weird reason.

Have you been approved for a credit limit increase recently while also being past 5/24? Let us know down in the comment section below!

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