Well, they're just trying to minimize bonus chasing/churning of their cards. For most consumers outside of these forums, 5/24 is no problem because they don't apply for more than 1 or 2 card(s) a year, if that. Other lenders have implemented similar policies, such as BoA with their 3/12, and US Bank with 1/12.
In my humble opinion, any credit extended to me is never my 'right' to have it... it's a only a measure of risk vs gain. If I really want something, I study the rules of the game/situation/moment and apply my efforts to maximize my odds of getting it.
Chase is only doing what they do to stay in business. It ain't about us as individuals at all 
@GrayStar wrote:I find it awkward that chase amended this rule into their policy when consumers like myself want to apply for one of their cards. Truth to be told, I've tried to apply for one of their Freedom cards and was auto denied due to "too many accounts opened within the last 24 months." I'm very disappointed that I have to wait that long just to apply for their card. Mind you that I've only applied and approved for 8 different cards during the past 24 months. Previously years ago, I've used to have their Circuit City Visa card back in 2006 in which it was closed due to inactivity and I've been applying for their other cards since then and they always say no. I'm trying to get back in the door with Chase and I feel like I'm being punished with this strict rule. What's your opinion about this?
I hate this dumb rule. They should look a little deeper than having some computer auto-deny you because of being over 5/24. How about are you a current customer? What's your utilization? How many derog's do you have on your account? If all those answers come up strong (even if I am 10/24 or even 15/24) to me that shows I am creditworthy and should be given a chance at one of their cards. If they are afraid a given person that might be a risk for some unknown reason even though like I said earlier they might be strong on all those categories, then how about giving the customer a card with a SL of $500 to start off. They do well after 6-months, raise it to $1000. Another 6-months, $2000. No, they would rather give a card to an 19-year old making $15K a year with little credit history (min. 1-year) then someone who is more establish and has proven to be credit worthy. If it sounds like bitter grapes, its because it probably is. I agree with you on this rule and I believe some individuals should be considered outside of this dumb rule. To me that same 19-year with little credit history is more of a risk then a current CHASE customer with a lot of cards, low util, and no derogs. But like someone said on here, their card, their rules.
@GrayStar wrote:It's okay. I guess good things come to those who wait.
+1 My 5th card is the Chase Student Freedom and had it since April 2020. I am not sure if banking does help but I started putting 5% of my paycheck into a Chase checking account since Nov of applying. While I am not 21 yet, I like to be ready just in case if I want another Chase card just to see where they would place the first (Student Freedom) after the soft pull does happen while I am enjoying the ride with them.
