The First Card to Get After Dropping Below 5/24

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Ink Business Preferred℠ Credit Card

For many Chase cards you can only get approved if you’ve had fewer than 5 new credit card accounts in the last 24 months.

Chase’s own rewards cards all fall under 5/24 guidelines. So Ink Business Preferred℠ Credit Card, Chase Sapphire Preferred Card, and Chase Sapphire Reserve Card are all subject to 5/24.

Because of this rule you should get these cards first. In fact in my view if you’re just getting started in rewards cards you should get Chase cards first, and in particular these cards. Doing so becomes a license to get the others, without giving up the option to get these.

Singapore Airlines A380 Suites

I offered a comprehensive explanation of ‘5/24’ on Chase Day (May 24th).

These limits don’t apply to the British Airways Visa Signature® Card which is offering a signup bonus of up to 100,000 Avios. You should also still be eligible for the IHG® Rewards Club Premier Credit Card which has an initial bonus offer is 80,000 points after $2000 spend within 3 months and 5,000 points after you add your first authorized user and make a purchase in the first three months. (Offer expired)

The IHG® Rewards Club Premier Credit Card comes with Platinum status, a free night after each account anniversary year, and a free reward night on points stays of 4 or more nights. (That’s better than the ‘5th night free’ from Starwood and from Hilton, and amounts to a 25% discount on four night award stays.)

Intercontinental Kuala Lumpur

However if you’ve had 5 or more new cards in the last 24 months, you take a break from any new cards and fall back under 5/24, the first card you should get is the Ink Business Preferred℠ Credit Card.

Ink Business Preferred℠ Credit Card has an 80,000 point signup bonus after $5000 spend within 3 months. That can even be enough for a roundtrip business class award ticket between the US and Europe.

It earns 3 points per dollar on travel — that’s airlines, hotels, rental cars, tolls, even Uber — and 3 points per dollar on shipping and advertising on social media and search engines, so great for anyone who advertises on Facebook or Twitter, or who spends money advertising with Google. It also comes with $600 protection against theft or damage when you use it to buy your cell phone.

Points transfer to:

  • Airlines: United, Air France KLM, British Airways, Virgin Atlantic, Southwest, Singapore, Korean, Aer Lingus, Iberia
  • Hotels: Hyatt, Marriott, Ritz-Carlton, IHG

Park Hyatt Hadahaa Maldives

If you don’t want to sign up for a small business card for whatever reason then the card to get once you’re under 5/24 is Chase Sapphire Preferred.

Ink Business Preferred℠ Credit Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.


  1. i’m well over 5/24.

    i had to work hard to get the FU 3% card.

    initially knocked back for too many cards, then went to branch, had private banking call, knocked back again. i paid all my cards a few weeks early (entire balance that i pay every month).

    called in again, and got it. third try lucky.

  2. Ink Card:
    Does anyone know how Chase checks to see if you are legit business? If I am occasionally buying and selling stuff on eBay, I am concerned I will be asked about providing a bunch of documentation I don’t have to prove I am a legit business.

  3. There’s an in bank offer of 100k. A business relationship manager is able to get around 5/24. He did for us.

  4. “If you don’t want to sign up for a small business card for whatever reason…”

    IOW Gary, you had the nerve to recommend a business card to travelblog readers while giving absolutely no insight into what it takes to get approved for a business card. If the weblog world had malpractice, this would be it.

  5. Hi Matt
    When applying for a business card, the bank will check public records to see if a business license has been issued in your name.

  6. @Lynn generally speaking that’s not correct. For instance you do not NEED a business license to transact business in Texas..

    @Matt Chase’s position is that it’s a good idea to get a business card when starting out doing business, that you want to keep your business and personal expenses separate. You do not have to be doing a large volume of business yet to need a business card.

  7. @gary, I applied last week in branch. I was notified Friday it was approved. This was the 2nd card in 2 months. So yes, my experience is fresh.

  8. @Gary: In May, I fell below 5/24 (after excluding two Chase cards on which I’m an authorized user). I waited until I got the dreaded “we’ll make a decision in 7-10 days” so I called the recon line. They denied because I had too much credit with Chase that I wasn’t using. I offered to just move some of the credit around (I already have an Ink Cash card that’s several years old) but they refused. They said they can’t move personal to business credit and that I wasn’t using very much of the Ink Cash line (which is true). The rep also wasn’t particularly friendly.

    Do you think it’s worth closing some Chase accounts (ones that I don’t use that aren’t so old) and call the recon line again or perhaps just apply again or am I out of luck?


  9. I’ll assume that you haven’t actually applied for an Ink in awhile, because Chase is now doing address verification of business applications. That is to say, they want to see bills in the business’ name, which for those who have a “hobby business” will be difficult.

    Any suggestions on which personal card to get at 4/24?

  10. @Matt, Stannis is correct. I just go the Ink Business Preferred a couple months ago. They ask you to fax, mail, or email them a document with your Federal Tax ID on it to verify your business, and they also want a bill or some other document that shows your business name and address. I simply sent a copy of my EIN Confirmation from the IRS, and because it had my business name, my address, and my EIN, that document was sufficient for everything they wanted. If you’re not registered as a business with the IRS, you’ll probably struggle to get a business card from Chase.

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