If you have been reading my blog, first I know it won’t take you long to get caught up, I have started award travel earlier this year around the March time frame and as I reflect on what I could have done better, especially as if relates to applications for Chase credit cards. Chase has a policy rule 5/24 which means you cannot have been approved for more than 5 “personal” (most business cards do not show up on credit report) credit cards across all different banks in 24 month time frame. I think this is meant to limit some of these big time credit card churners.
If I would have known this more early on, I would have more strategically planned my applications for credit cards to be 5 Chase cards first. Please note that if you are an authorized user that this counts towards 5/24 rule as well. If I was to do it all over, here are the 5 cards below which I would have applied for from Chase first (of course you want to have some combination of what travel is composed of i.e. airfare, hotel, rental car, food, etc.):
- Chase Sapphire Preferred – $95 annual fee (waived the first year)
- Chase Southwest Airlines – $69 annual fee
- Chase Marriott Rewards Premier – $85 annual fee
- Chase United Mileage Explorer Card – $95 (waived the first year)
- Chase Freedom Unlimited – no annual fee
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