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By: Caroline Lupini
Chase’s 5/24 rule isn’t new to the points and miles world anymore, but it’s a rule that always has to be kept in mind. If you’ve opened 5 or more personal cards (or business cards from Capital One) in the last 24 months, Chase won’t approve you for many of its credit cards.
At least for now. There are rumors that in the not-too-distant future, Chase will apply the 5/24 rule to all of its credit cards. That means that it could be time to take advantage of some cards that currently don’t fall under the 5/24 rule if you are already over 5/24.
Here are some Chase cards you might want to consider that aren’t subject to the 5/24 rule.
British Airways, Iberia, and Aer Lingus Visa Signature Credit Cards
These three airlines are all part of International Airlines Group (IAG) and participate in the Avios loyalty program. Each airline has slightly different award charts and partner airlines, but points are freely transferable between the three airlines.
Each airline’s co-branded credit card currently has a maximum sign-up bonus of 100,000 Avios if you spend $20,000 in the first year. This is broken up into three parts: 50,000 Avios when you spend $3,000 in the first 3 months, another 25,000 Avios if you spend $10,000 total in the first year, and another 25,000 Avios if you spend $20,000 in the first year. All three cards earn 3X Avios per dollar spent on Iberia, British Airways, Aer Lingus, LEVEL and OpenSkies, and 1X Avios (Avio?) per dollar spent on all other purchases.
Avios are particularly useful for short flights on partner airlines such as Alaska, American, Cathay Pacific, and LATAM When booked through British Airways, tickets start at just 7,500 Avios one way for flights in North America and 4,500 Avios one way for flights elsewhere in the world. Booking through Iberia starts at 11,000 Avios round-trip, regardless of region. They can also come in handy for intra-Europe flights, although you have to be careful with taxes and fees – with the widespread availability of low-cost carriers in Europe, it can often be a better deal to simply purchase a ticket with cash.
IHG Rewards Club Credit Cards
Chase recently revamped its co-branded IHG Rewards Club cards, replacing its previous card with two new cards. The IHG Rewards Club Traveler Credit Card currently offers a 60,000-point sign-up bonus when you spend $2,000 in the first three months, plus an extra 5,000 points if you add an authorized user.
It earns 5X points per dollar spent at IHG properties, 2X points per dollar spent at gas stations, grocery stores and restaurants, and 1X point everywhere else. You also get the fourth night free on IHG award stays and automatic Gold Elite status.
The IHG Rewards Club Premier Credit Card comes with a 100,000-point sign-up bonus (plus 5,000 for adding an authorized user) after you spend $3,000 on purchase in the first 3 months, a free annual award night valid at hotels costing up to 40,000 points per night, automatic Platinum Elite status and the same fourth night free benefit as the Traveler card. It has the same general points earning structure, except you get 10X points per dollar on purchases at IHG properties (instead of 5X).
Marriott Premier Business Credit Card
Chase offers two Marriott credit cards, but only one is not subject to 5/24: the Marriott Premier Business card. Unfortunately the personal version of the Marriott Premier card is subject to 5/24.
The Marriott Premier Business card comes with 75,000 bonus points when you spend $3,000 in the first three months, and a free annual night certificate starting on your first card anniversary. The card has a reasonable annual fee and you’ll earn 5X points per dollar spent at Marriott properties, 2X points per dollar spent at airlines, car rentals, restaurants, office supply stores, and internet/cable/phone service providers; and 1X point per dollar spent everywhere else. The business card also offers a pathway to Gold Elite status – it requires $50,000 of spend in an account year on the business card.
Note that effective August 26th Marriott, Chase, and American Express are implementing new restrictions on their Marriott and Starwood credit card portfolio. You won’t be eligible to receive a bonus for either of these cards if you currently have a Starwood Preferred Guest credit card from American Express or have held that card in the past 30 days, or have opened any new Starwood card from American Express in the past 90 days, or have received a welcome or upgrade bonus for any Starwood card from American Express in the past 24 months.
World of Hyatt Credit Card
The World of Hyatt Credit Card from Chase currently comes with a sign-up bonus of up to 60,000 points: 40,000 Hyatt points when you spend $3,000 in the first three months, and another 20,000 points when you spend a total of $6,000 in the first six months.
It comes with automatic Discoverist status and a free night certificate valid at Category 1-4 hotels every year on your account anniversary; you can get a second free night certificate if you spend $15,000 on the card during an account year. You’ll earn 4 points per dollar spent at Hyatt properties; 2 points per dollar spent at airlines, local transportation (public transit, taxis, rideshare, and tolls), restaurants, fitness clubs, and gyms; and 1 point per dollar spent everywhere else.
Other Chase Cards Not Subject to 5/24
Chase does offer a few other credit cards that aren’t subject to the 5/24 rule, but they’re not as exciting:
- Amazon Rewards Visa Signature Cards: 3-5% cashback at Amazon and Whole Foods (5% for Prime members), 2% cash back at restaurants, gas stations and drugstores, and 1% everywhere else.
- AARP Credit Card: 3% cash back at restaurants and gas stations, 1% everywhere else.Disney Premier Visa Signature Card: 2% back in Disney Dream Reward Dollars on all purchases, with a $200 statement credit after the first $500 spent. Also comes with some ancillary benefits such as 10% off Disney store purchases and access to exclusive cardmember events and swag.
Even if you have already hit 5/24, you may be eligible to apply for these Chase cards. However, keep in mind that Chase is known to be sensitive to multiple applications – most reports indicate that you won’t be able to get more than 1-2 new cards in a 60-day period, and if you already have several Chase credit cards, you might still get denied when applying for these cards.
If you could use some hotel points or a bunch of Avios, one of these cards might help you book your next trip. Just make sure you’ve hit 5/24 before applying otherwise there are valuable Ultimate Rewards cards, United cards and/or Southwest cards to get first.