Has Chase Changed The 5/24 Rule For Sole Props? (3/24 For Sole Props)

Recently there has been some discussion regarding Chase changing the 5/24 rule when applying for a Chase business card as a sole proprietor. This is because front line Chase reps are telling applicants that call reconsideration that there is a new rule for sole proprietors and that they will be denied if they have opened more than 3 cards in the last 24 months. 

Datapoints

Approved

• 4/24, approved after recon (9/10/26)
• 3/24 approved (9/13/26 original application, 9/16 recon)

Denied

• 4/24, denied and reconsideration stated 3/24 rule. 9/17/26 date
• 3/24, denied with reconsideration stating 3/24 rule. 9/16/26 date
• 4/24, denied with reconsideration stating 3/24. 9/14/26 date
• 4/24, denied (Southwest card)
• 4/24, denied (Southwest card)

Our Verdict

I feel like every six months or so we get a new 5/24 is dead or adjustment to 5/24 post. Think it’s a bit early to call this official but it’s surprising that front line reps are all parroting the same thing so most likely it is a new rule. Share your datapoints in the comments below.