Chase has one of the most important and restrictive policies when it comes to applying for and opening credit cards. It's called the Chase 5/24 Rule. Click "Show More" to see our ad disclosure and to keep reading.

Here's how this rule works: Every time you open a new credit card, it gets counted on your credit profile. Chase wants to make sure that the new credit cards it's issuing aren't going to people who have cycled through a bunch of cards.

So Chase implemented this unpublished rule. If you've opened more than five credit cards - from any bank, NOT just Chase) in the last 24 months, you won't get approved for a new Chase credit card.

Nearly every Chase credit card you can apply for now requires that you fall under this threshold. That means your best bet when getting started with credit cards is to focus on Chase ... before it's too late!

What doesn't count toward your 5/24 count? Business credit cards, mortgages, personal lines of credit, and more. Credit inquiries that don't result in an approval also don't count.

Read more about the Chase 5/24 Rule: http://ow.ly/VCvx50yXzLI

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