@Anonymous wrote:My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
If you are 3/24 that means that you have a maximum of one slot left for Chase personal cards.
In the current environment I would proceed with the absolute most extreme caution.
I know the 5/24 rule pretty well as you can see by my siggy. Lol 
Just added a bunch of new Chase cards over about 18 months. You cannot have opened five or more revolving lines of credit in past 24 months, but the application for the new card doesn't count. So if OP has opened 3/24, he does indeed have two more slots, not just one.
Business accounts (especially the Chase business accounts) are interesting and noteworthy. You must be under 5/24 to open a business account. But once you open it, Chase reports it to your business (not personal) credit report, so it doesn't count for 5/24 AFTER it is opened. One suggestion, then, is to open business accounts first, which might allow you to actually exceed 5/24 overall.
@Anonymous wrote:During this time I know a lot of credit card companies are being a lot more strict with credit card applications. I'm currently 3/24, and I want to finish my 5/24 with Chase. Currently I'm at TU - 753, EQ - 740, EX - 695 (1 collection just wont go away.) I recently added the Amex BPP, I believe that doesnt count towards 5/24. What chase cards do you think should be added to complete 5/24? Or should I just scratch the last 2 for other cards? Looking mostly for Reward points. My cards are as follows;
Navy Amex - $22,000
Navy Flagship - $21,300
Navy CashRewards - $5,000
Sapphire Preferred - $7,700
Ink Business Preffered - $8,000
Ink Business Cash - $12,000
Freedom Unlimited - $5,000
Amex Blue Cash - $1,000
Capital One Quicksilver - $1,400
Quicksilver One - 750
Wells Fargo - $300
Sidenote: I was planning on downgrading the Sapphire Preferred to a freedom card after a year, 5 months to go. The yearly fee I dont belive is worth it if i have ink business preferred.
You have a very interesting mix of cards. True, the INK Business Preferred is more of a duplicate of the Sapphire Preferred, but why not keep the CSP instead? Do you have a lot of business spend or are you trying to keep those charges off your personal credit report? There are downsides to using business cards for personal spend, including the loss of some consumer protections. Moreover, you don't get the benefit of the card reporting usage or age to your personal report.
I was going to suggest the Freedom until you said you planned to downgrade. I have the CSR-CF-CFU-INK Cash. The INK Cash started out as an INK Preferred which I got for the higher 100K SUB and later downgraded to the CASH. The CASH fit my spend better and has no AF. That quadfecta serves me well. I don't know your spend but have you thought of upgrading the CSP to the CSR and then applying for the Freedom? (And you could close the INK Preferred, combine limits with CASH since Chase will do that but only between business-business or personal-personal accounts. OR ... you could PC the PREFERRED to the INK UNLIMITED with no AF.) If you're going for a "fecta" with Chase, there really isn't a lot of difference between the CSP and CSR in the effective AF, depending on how you can use the credits. You get a LOT of value for that small difference in fee*, including the 50% bonus valuation in UR points for UR travel redemptions instead of the 25% you get now. (*I know it sounds like a lot of difference in AF but when you do the math with the credits and additional benefits offset, it can come out a lot closer than you might have thought.)
Chase has great co-branded hotel and airline cards. I would check those out. The current SUBs on the Marriott Bonvoy Boundless (75K Bonvoy points) and World of Hyatt (50K Hyatt points) which I added in my spree are worth $600 and $850 respectively in hotel points. Plus each pays high value in hotel spend and each gives you a free night annually, more than paying for the AF. They have a good IHG card, Southwest and United cards, and some awesome AVIOS flyer bonus points with cards from British Airways, Iberia, and Aer Lingus. (Avios can be exchanged for ONE WORLD partners including Amerian.)
If none of this interests you, do you have an Amazon PRIME membership and shop there a lot? Chase's Amazon card pays 5% back on Amazon Prime purchases as well as at Whole Foods and has no AF. Plus it has 2% back at gas stations, restaurants and drug stores, which could be attractive depending on your other cards.
I would consider carefully whether there are any other Chase cards you could use now before filling those slots. You may not be under 5/24 for awhile, especially if other cards come along that you want to pursue.
@Aim_High wrote:
@Anonymous wrote:My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
If you are 3/24 that means that you have a maximum of one slot left for Chase personal cards.
In the current environment I would proceed with the absolute most extreme caution.
I know the 5/24 rule pretty well as you can see by my siggy. Lol
Business accounts (especially the Chase business accounts) are interesting and noteworthy. You must be under 5/24 to open a business account. But once you open it, Chase reports it to your business (not personal) credit report, so it doesn't count for 5/24 AFTER it is opened. One suggestion, then, is to open business accounts first, which might allow you to actually exceed 5/24 overall.
@Aim_High Yes I have the business account, only the ink plus missing to add which i plan on doing. Just trying to maximize points with 5/24 before moving forward to Amex.
@Anonymous wrote:My understanding of Chase 5/24 is that you cannot have opened 5 or more of the revolver accounts that Chase counts in the last 24 months.
Does somebody here know if it's "5 or more", or "more than 5" (6 or more)?
Total Loan Balance: $43k / $65k
Total SL: $78k