According to US Credit Card Guide, the online public 80,000 public offer for the Chase Sapphire Preferred appears to be exempt from the 5/24 rule. In other words, even if you have opened more than 5 new credit cards in the past 24 months, you may still be approved for this card, whereas the system would normally auto-deny the application. There are already quite a few successful data points, which suggests this policy is clearly not being enforced strictly. Of course, if you are denied, it could still be because your credit score is not strong enough, or because Chase cannot approve you for a credit line above $5,000.
In addition, based on DP, some people have also been able to get around 5/24 by applying through a refer link, so that may be worth trying as well.
Chase Sapphire Preferred Credit Card
Chase mid-tier travel credit card; includes a $50 annual hotel credit and free rental car insurance!
- Welcome bonus: 100,000 points (spend $5,000 in three months)
- Rewards: 5x on select travel; 3x on dining and streaming; 2x on other travel; 1x on all other purchases; 10% annual bonus
- Redemption: Can be redeemed for cash back; 1:1 transfers to airline and hotel loyalty programs; redeem at 1:1.25 toward travel purchases; value 1.6 cent/points
- Annual fee: $95
- Apply now>>
If you log in to your Chase online banking and see the Chase Sapphire Preferred card under “select for you,” that should help your approval odds to some extent.
