Chase 2/30

Understanding the Chase 2/30 rule:

Chase business cards don't count towards 5/24. But they do count towards this rule: Apply for a third Chase card of any kind within 30 days, and you'll be declined. Don't worry, as long as you keep your cards up to date, we'll keep track and warn you if the rule is tripped.

Important to know:

Most of the major banks have some type of velocity rule like this, limiting the number of cards you can open in a short period of time.

• Chase also has the 4/6 rule, which says you cannot open a fifth Chase card in 6 months (both personal and business)
• American Express has the 3/90 rule stating you can’t open more than three cards in a 90 day period
• Citi has the 1/8 rule and 2/65 rule stating that you can’t open more than one card every eight days and more than 2 cards every 65 days
• Bank of America has the 2/3/4 rule stating that you can’t open more than two cards every two months, three in a rolling 12-month period, and four in a rolling 24-month period
• Capital One has the 1/6 rule preventing you from opening more than one card every six months
• Wells Fargo has the same 1/6 rule as Capital One - you won’t be approved for a second card if you’ve opened one in the previous six months

About Approval Rules

Collecting credit card points is largely driven by understanding and abiding by bank rules regarding approval (or disapproval) of cards.  So here’s what you need to know:

• Approval rules are rarely fully publicized by the banks
• We use our own research and data points from other users in creating the rules listing
• Our goal in sharing/using the rule listings is to provide you guidance to avoid getting declined
• There can sometimes be exceptions to the rules, but we try to take a more cautious approach in advising you.