How Many Chase Credit Cards Can You Hold?

How Many Chase Credit Cards Can You Hold?

As a credit card expert, one question I often receive is how many credit cards from Chase can a person hold at once. The answer is not straightforward as it depends on a few factors, including the applicant'scredit score, Chase's own policies, and the type of credit card being applied for.

Chase's 5/24 Rule

One of the most important factors to consider is Chase's 5/24 rule. This rule states that if you have opened five or more credit card accounts from any issuer within the past 24 months, you will not be approved for most Chase credit cards. This rule applies to both personal and business credit cards.

There are some exceptions to this rule, such as the Chase Sapphire Reserve and some co-branded cards like the Marriott Bonvoy Boundless Credit Card. However, it's important to note that these exceptions are few and far between.

Credit Score

Another important factor to consider is your credit score. If you have a high credit score, you may be able to hold more Chase credit cards than someone with a lower score. This is because Chase is more likely to approve applicants with a good credit history.

Type of Credit Card

The type of credit card you are applying for also plays a role in how many Chase credit cards you can hold. For example, if you are applying for a travelrewardscard like the Chase Sapphire Preferred, you may be less likely to be approved for another travel rewards card from Chase.

Similarly, if you are applying for a cashback credit card like the Chase Freedom, you may be less likely to be approved for another cashback credit card from Chase.

Tips for Applying for Multiple Chase Credit Cards

If you are interested in holding multiple Chase credit cards, here are a few tips to keep in mind:

1. Apply for different types of cards: To increase your chances of being approved for multiple Chase credit cards, consider applying for different types of cards, such as a travel rewards card and a cashback card.

2. Space out your applications: To avoid triggering Chase's 5/24 rule, space out your credit card applications from all issuers so that you don't apply for more than five cards within a 24-month period.

3. Maintain a good credit score: A good credit score can increase your chances of being approved for multiple Chase credit cards.

Saving Money with Chase Credit Cards

Chase credit cards offer a variety of ways to save money, including cashback rewards, travel rewards, and discounts at select merchants. To maximize your savings, consider using your Chase credit card for everyday purchases and paying off your balance in full each month to avoid interest charges.

Annual Fees and Risk Mitigation

It's important to note that some Chase credit cards come withannual fees. Be sure to consider the cost of any annual fees before applying for a credit card.

Additionally, it's important to practice responsible credit card usage to mitigate the risk of accumulating debt. This includes paying your balance in full each month, keeping your credit utilization low, and avoiding late payments.

Chase Credit Card Recommendations

If you're looking for a Chase credit card to add to your wallet, some of my top recommendations include the Chase Sapphire Preferred, the Chase Freedom Unlimited, and the Chase Ink Business Preferred. Each of these cards offers unique rewards and benefits that can help you save money and earn rewards on everyday purchases.