Update on Chase Churning Rules

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Update on Chase Churning Rules

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The longer this “hobby” continues to be a “hobby”, the best deals will come and go quickly, and will be dead even faster. As more “users” occupy the market, the airlines and banks, the greatest deals will go by the wayside.

The end of 2015 and early 2016 saw the death of many manufactured spend methods and further devaluations across many hotel and airline currencies. Getting the most bang for your buck and travel hacking has become more difficult. Nothing wrong with it being difficult, but sometimes there are changes that come down the pipeline that really take a chunk out of the miles and points game.

Today Doctor of Credit posted ‘Chase to Limit Card Approvals (5/24) on Co-Branded Cards‘, setting the blogospehre and private forums abuzz with the demise of churning Chase credit cards.

For years, Chase has been best friend to credit card churners, with many people being able to open up 2 or 3 credit cards in a day and having as many as 8-9 cards open at one time. In the middle of 2015 they began instituting a rule that became known as ‘5/24’: If you have opened up 5 of ANY credit cards (so business, personal, all banks, even authorized user cards) in 24 months, you would not qualify for the Chase personal Flagship products: Chase Slate, Freedom, or Sapphire preferred. This was bad news, as the Sapphire Preferred used to be pretty churnable, but business cards (Ink) and the whole host of Chase’s awesome co-branded cards were safe. For now.

I think we all assumed that the Ink cards would come next. About a month ago, Doctor of Credit reported that the Ink would fall under this ‘5/24’ rule starting in March. Also, bad news, but not the worst. Chase business cards are pretty difficult to get, anyways. Still, our coveted co-branded cards were safe.

This morning Doctor of Credit report that co-branded cards would fall under the ‘5/24’ rule starting in April. Definitely bad news.

So what does this mean for you? 

If you haven’t opened up ANY credit cards in the past two years, the next five cards you should get should be Chase. I know. It’s hard to hear that, especially for someone just getting started in this game of churning. But, you could get the following combinations of five cards:

  1. Chase Sapphire Preferred
  2. Southwest Premier Personal (for Companion Pass)
  3. Southwest Plus (for Companion Pass)
  4. United Mileage Explorer Plus
  5. Hyatt Card

The other notable cards include the British Airways card. I would skip the Marriott, Ritz and IHG cards.

Now, you’ve probably opened up more than 1 or 2 cards if you read this blog. And if you did? Go for the Chase Sapphire Preferred. Definitely. It’ll give you the option to transfer your points to Hyatt, United and Southwest. Have a specific hotel redemption in mind at a top category Hyatt? Go for that card.

Even better, if you have a partner you can spread the wealth with some of these cards.

What’s my plan? 

Well. I’ve definitely opened up more than five cards in the past two years. I’ve been unable to get approved for a new Sapphire since May 2015, but I’ve had success with co-branded cards.

At the end of March, I will probably apply for the British Airways card (as it’s been two years since I earned the bonus) and the Ritz-Carlton card. The only other cards I’ve never had within the past two years are the Ritz and Fairmont cards.

Let’s hope Doctor of Credit is wrong.


-The Miner

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