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  • confusing math formulas on a blackboard
    Credit Cards

    9 Things to know about the Chase 5/24 rule

    I had a recent exchange with someone claiming to have been approved for the Chase Freedom Unlimited despite being at 5/24. As it turns out, he was only 4/24, and that’s why he wasn’t declined. How could it be so hard to count to 5? Well, Chase’s 5/24 rule is not so straightforward. In fact, it’s downright confusing. It can make a reasonably intelligent person have trouble counting to 5. In this post, I will explain 9 of the most confusing concepts of the 5/24 rule, including the reason that the Freedom Unlimited application I mentioned above was approved. What is the Chase 5/24 Rule? If you want a full…

  • confusing math formulas on a blackboard
    Credit Cards

    Why is the Chase 5/24 Rule So Confusing?

    I had a recent exchange with someone claiming to have been approved for Chase Freedom Unlimited despite being at 5/24. As it turns out, he was only 4/24, and that’s why he wasn’t declined. That begs the question: “How could it be so hard to count to 5?” Well, Chase’s 5/24 rule is not so straightforward. In fact, it’s downright confusing. It can make a reasonably intelligent person have trouble counting to 5. In this post, I will try to clear up some of the most confusing concepts of the 5/24 rule, including the reason that the Freedom Unlimited application I mentioned above was approved. What is the Chase 5/24…