Business credit cards from the majority of issuing banks are not considered in your Chase 5/24 count because they do not show up as new accounts on your personal credit report. This is important to be aware of if you sign up for enough cards that you are concerned with the Chase 5/24 rule.
Before I elaborate, let’s go over Chase’s 5/24 rule and what it entails.
If you have opened five credit cards from any issuing bank in the last 24 months, Chase will not approve you for their credit cards. This is what we mean when we say Chase 5/24.
The enforcement of the now infamous rule, while not unexpected, has obviously been a big blow to miles enthusiasts as Chase’s cards have some of the most lucrative sign up bonuses available to avid travelers.
Chase determines how many cards you’ve opened in the last two years by checking out your credit report. All personal credit cards, as well as all personal credit cards on which you are an authorized user, show up on your personal credit report. Most business credit cards don’t show up on your personal credit report.
Many credit card issuers do not report the activity of a business credit card on your personal credit report because the card is, in essence, associated with a business and not the owner personally– as long as you pay the bills on the time. If you don’t, then the delinquency will negatively impact your personal credit report since the owner is ultimately responsible for the business.
Which Banks’ Business Cards Do & Don’t Show Up on Your Credit Report
Doctor of Credit has a thorough list of which banks’ business cards do not show up on your credit report and therefore wouldn’t be totaled into your 5/24 count. Here’s a summary of his summary.
Bank whose business credit cards show up on your credit report:
- Capital One
Banks’ whose business credit cards don’t show up on your credit report:
- American Express (nor will their business charge cards show up)
- Bank of America
- US Bank
- Wells Fargo
**I’ve read enough evidence from other blogs, data points, as well as Flyertalk (check out the wiki in Applying for Chase Credit Cards- May 2017-Present) to say that while Chase can obviously see the business cards you’ve opened with them, they don’t count them towards your 5/24 total. Please share your experiences in the comments if you can contribute as this is still a somewhat unclear conclusion.
As you can see, the majority of business cards will not show up on your credit report. Interested in a business credit card to help organize your finances and earn extra miles and points? Learn how to be approved for a business card.
Note that applying for any credit card, personal or business, does result in a hard inquiry on your personal credit report. But those hard credit inquiries won’t count as opening a new account (for the purposes of Chase 5/24).
Examples of Business Cards That Won’t Total Into Your 5/24 Count
- Starwood Preferred Guest Business Card
- Gold Delta SkyMiles Business Credit Card from American Express
- CitiBusiness / AAdvantage Platinum Select World MasterCard – the public sign up offer is 30k American Airlines miles for spending $1k in three months, but this link offers 50k American Airlines miles for spending $3k in three months
- Costco Anywhere Visa Business Card by Citi
- Business Platinum Card from American Express OPEN
- Business Gold Rewards Card from American Express OPEN – with a recently increased sign up bonus of 50k Membership Rewards
- Alaska Airlines Visa Business Credit Card
- US Bank FlexPerks Business Card
If you are trying to determine how many credit cards you’ve opened in the last 24 months that, in the eyes of Chase, count towards your 5/24 limit, then know that you don’t need to count Business cards from American Express, Bank of America, Citi, Discover, US Bank, or Wells Fargo.
If you’re over 5/24 and are trying to lower that count back down so you can once again be eligible for Chase cards, then know that you can still apply for business credit cards from American Express, Bank of America, Citi, Discover, US Bank, or Wells Fargo in the meantime and they won’t count against you.
Chase 5/24 isn’t the only rule to consider when applying for credit cards. Make sure you’re familiar with the major issuing bank rules before diving headfirst into rewards card collecting. We’d also be happy to advise through our Free Credit Card Consultation Service if you want new cards but fear wasting hard credit inquiries in vain.