The Chase 5/24 rule is one of the most restrictive credit card application rules out there. This rule prohibits you from getting approved for Chase credit cards if you have opened five or more credit cards in the past 24 months.
Luckily, there are some exceptions to this rule and now there is a new exception that you might be able to take advantage of. Keep reading below for details!
The new Chase 5/24 exception
Some users are getting targeted for a special offer for the United Explorer Card when using the United mobile app. I believe the offer is the same 65,000 mile offer that is also available to the public right now. Here’s how it is broken down:
- Earn 40,000 bonus miles after you spend $2,000 on purchases in the first 3 months.
- Plus earn an additional 25,000 bonus miles after you spend $10,000 total on purchases in the first 6 months
Here is what you need to know
When you are in your United app, you should see a purple-ish banner for a pre-qualified offer. Make sure that it says “pre-qualified” because that is the key language. Not “pre-approved.” The ad will probably look something like this.
Next, you need to view the terms to make sure that there is a fixed interest rate. If the offer terms state that you have an interest rate from something like 17% to 21%, that is a variable rate and is likely NOT a pre-qualified offer that will circumvent the 5/24 Rule. You need it to say something like “17.99%.”
If you have the offer sent to you and receive a fixed interest rate, then you can apply for the Explorer Card and you might get approved even if you have opened many more than five cards in the last 24 months.
Are these offers safe?
We have seen banks clamp down on people utilizing certain targeted offers, but I don’t think this offer would fall into that same category of risky apps.
That is because these are offers being sent directly to you via United and you are not exploiting any link hacking or anything along those lines. There could still be some degree of risk here but I would say it is pretty minimal since this is not “gaming.”
Why is this a big deal?
First, it is a big deal because the Chase 5/24 rule is a huge buzz kill and anytime you can get around this rule it is noteworthy news.
This is also a big deal because this is one of the best travel credit cards in my opinion. I would rank it as the number one airline co-branded credit card, and I outlined a lot of those reasons in my review of the card.
While this is a targeted offer, this is the type of offer up that I think would be great to show up on the WalletFlo main dashboard. I think there could be a section for targeted offers and you could always see the list of the latest targeted offers to test out.
That feature won’t be in the first edition but a lot of you readers have expressed interest in getting special offers and targeted offers incorporated into the app somehow, and I think that’s one way to do it.
Final word
This is a fantastic offer if you are targeted. Like I said, this is one of the most valuable travel cards and getting around the 5/24 rule for this specific card is definitely a big deal.
Daniel Gillaspia is the Founder of UponArriving.com and the credit card app, WalletFlo. He is a former attorney turned travel expert covering destinations along with TSA, airline, and hotel policies. Since 2014, his content has been featured in publications such as National Geographic, Smithsonian Magazine, and CNBC. Read my bio.
A few words on offers that bypass the Chase 5/24 rule…
Chase will not acknowledge such offers. They will “swear on their mother” that no one in the HISTORY of the company has ever bypassed the 5/24 rule since it was implemented. Not possible. Saw posts on the Internet of countless people saying they did that? Wrong. They are ALL “lying.” That is the story you’ll get from credit underwriting supervisors…all the way up to the Executive Office. So if your “pre-qualified” offer for some reason doesn’t get approved, there’s not really anyone you can appeal to — sadly. I went round and round with them for like a month recently. In the end, they sent me a letter in the mail (with an invalid reference number because that department doesn’t USE reference numbers) that says the matter is “resolved.” lol Of course I never got the card/offer.
Posted this on another popular financial website. They called me a “troll” for spreading lies about a fake experience because Chase would never say/do those things. lol+smh
Best of luck to everyone else. Hope you are targeted for such offers and get approved. Happy holidays.
Happy holidays Daniel, I have a question and I hope you can advise me what to do, i filed BK 8 years ago I work hard rebuilding my credit and I’m not falling in the 5/24 rule from chase so thinking I feel confident and applied but I was denied the reason in my report shows the BK I don’t understand tried to recon end the answers was if the BK shows in the report I won’t be approve, Daniel is that right.
Thank you