I am exactly at 5/24 currently. For those that do not know, Chase has a 5/24 rule where if someone has opened five personal credit cards in twenty-four months, they would be automatically denied for credit cards (unless under certain circumstances). The denial of credit cards goes beyond personal credit cards and extends to business credit cards as well.
With that said, in April of 2025 I will once again be under 5/24 as I will be be at 4/24. Here is what I have on the roadmap as of the writing of this post:
Chase Business Ink Cash: Currently there is a signup promotion on the spend for the card where it is tiered. $350 of rewards can be earned for $3,000.00 spend in the first three months and $400 of the rewards can be earned for $3,000.00 in spend for the first six months. Assuming the promotion is still available in April. This will be the next card. Make no mistake, the $750.00 in rewards is not cash back and it is in the form of Chase Ultimate rewards points (which can be cashed out as cash back). It is a marketing play to put the rewards in dollars to make it resonate with more folks.
Chase Marriott Boundless: I aspire to ultimately end up with five or six free night certificates each year from cards. Currently I am spending through the signup bonus for my third American Express Hilton Aspire card. My plan is to start collecting luxury Marriott free night reward certificates and it starts with this card which will eventually be product changed to the Ritz Carlton card after holding this card for a year (which no longer can be applied for anymore).This is going to be a multi year approach which also could lead to me getting lifetime Platinum Status with Marriott as well.
American Express Business Gold: Just like in 2024, with the need to pay taxes. This card would be obtained with a no lifetime language link as well and elevated offers are typically 150,000-200,000 membership reward points range. The current Business Gold card I have would be cancelled when the annual fee is up and swapped out with this one for a year.
American Express Business Platinum: Just link above, with taxes, there should be room to charge across two cards as it would allow for me to collect signup bonus on multiple cards. This card would be obtained with a no lifetime language link as well and elevated offers are typically 175,000-250,000 membership reward points range. The current Business Platinum card I have would be cancelled when the annual fee is up and swapped out with this one for a year.
Chase Business Ink Preferred: The Ink Preferred would allow for the Sapphire Preferred to be cancelled. This card offers basically all of the same perks as the Preferred but on the business side. Folks may ask, "well are you not over 5/24 again and cannot get any more Chase cards after the Chase Marriott Boundless?" In June and July of 2025 I will have two more cards fall off of 5/24 status and it is anticipated that by then I will be at 3/24 after the approval of the Chase Marriott Boundless card.
American Express Blue Business Plus: This card will finally round out the Amex trifecta. This card is much overdue but was never obtainable because of the Amex five card limit. Will try for it and potentially cancel one of my really old Amex cards if necessary. This card is a 2x multiplier on everything and fits the need for a catch all.
America Express Business Delta Gold: Extra in case there is the bandwidth as this would potentially be my seventh card for the year. The main draw here is the Delta Stays credit, free first checked bag and priority boarding. I do fly Delta back from Salt Lake City to be able to go to the Delta Sky Club in SLC airport so on those trips I do not have any status or priority boarding. Once again, would potentially be subject to the Amex five card limit and how much the limit can be pushed.
American Express Hilton Buiness: As of the time of wrting this the bonus is 175,000 Hilton Honors points. This card has a 5x multiplier for everything up to $100,000 spend on the card per year. Once again, would potentially be subject to the Amex five card limit and how much the limit can be pushed.
Let me know thoughts in the comments below and more importantly what is on your roadmap? I do offer credit card road mapping as a service and am more then happy to map out what make sense for you as well. If interested let me know in the comments.
Johnny @mrjohnnyma
No comments:
Post a Comment