The Best Business Credit Cards For People On 5/24 Ice

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Which Business Cards Count Towards 5/24

Not all business cards count toward the Chase 5/24 rule, but some do. Understanding the distinction can help if you’re trying to stay under (or fall back under) 5/24 for various reasons. So, which business cards count towards 5/24 and which ones don’t? Let’s take a look at the best business card options when you are on 5/24 ice.

Quick Recap: Chase 5/24 Rule

Chase 5/24 Rule basic explanation:

You will not be approved for certain Chase cards if you have opened 5 or more revolving accounts (including credit cards, lines of credit, etc.) in the past 24 months.

The Chase 5/24 rule in a nutshell: you can’t get any credit cards from Chase if you’ve opened 5 credit cards in the last 24 months.  It doesn’t just apply to credit cards from Chase, either. If you’ve opened any cards that they can see, including a department store card, accidental card, etc., if they can see it on your credit report, it counts. You need to have less than 5 new accounts in the last 24 months to apply for credit cards with Chase, business or personal. But not all business cards count towards 5/24, and that is where certain business cards come into play.

Business Cards Are Your Friend

A common strategy when on 5/24 ice is to stick with business cards that do not count towards your tally. Not all business cards count towards Chase 5/24 (even Chase’s own business cards), and those are the ones you want to focus on. You can use these as a way to still get valuable and useful cards while waiting on Chase offers to become available to you.

Business Cards That Don’t Count Towards 5/24

From data points, information the banks have published, and personal experience, here are the banks where their business cards don’t count towards your 5/24 tally. These will bank’s cards do not show up on your personal credit report:

  • American Express
  • Bank of America
  • Barclays
  • Chase
  • Citi
  • First National Bank of Omaha
  • Navy Federal Credit Union
  • U.S. Bank
  • Wells Fargo

Yes, even Chase does not include their own business cards in the count.  So, once you drop under 5/24 focusing on business cards is a way to keep you there.  Some of the most valuable cards for small business owners come from Chase:

Even the Southwest Rapid Rewards Performance Business card is popular with Southwest frequent flyers for the card’s perks and the chance at a companion pass.  But let’s assume you are currently above Chase 5/24. What are the best options for you then?

The Best Business Card Options When On 5/24 Ice

Here are the 5 best options for anyone trying to stay on 5/24 ice.

Business Cards Count Towards 5/24

American Express Business Platinum

Starting off our list is the American Express Business Platinum card.  This card comes with one of the juiciest welcome offers out there and some good benefits for travelers (although not as good as they once were). Let’s take a look at the welcome offer, card perks, and earning structure.

Welcome Offer
  • Earn 50,000 Membership Rewards points after you spend $10,000 within your first 3 months of card membership.
  • Earn an additional 50,000 MR points after you spend an additional $15,000 within your first 3 months of Card Membership.
  • Learn More
Earning Structure
  • Get 5X Membership Rewards points on flights and prepaid hotels on amextravel.com.
  • Earn 1.5 points per dollar on purchases of $5,000 or more.
  • Earn 1X on everything else.
Card Perks
  • Get 35% of your points back when you use the pay with points option for your selected airline.  That is a value of 1.5 cents per Membership Rewards point and the airlines treat it as a cash flight.  That means you get to earn frequent flyer miles and status from the booking.
  • $200 airline incidental credit per calendar year.
  • $100 Dell credit semi annually.
  • The $595 annual fee is NOT waived.
  • Learn More

Business Cards Count Towards 5/24

CitiBusiness AAdvantage Platinum Select World Mastercard

The CitiBusiness AAdvantage card has an annual fee under $100 and a welcome offer that is always one of the best. Remember that Citi just made some big changes for their terms, so note those when applying. Here’s a look at the welcome offer, card perks, and earning structure.

Welcome Offer
  • Earn 70,000 American Airlines AAdvantage miles after you spend $4,000 within your first 3 months of card membership.
  • Learn More
Earning Structure
  • Get 2X AAdvantage miles for purchases directly from American Airlines.
  • Earn 2X miles on purchases at telecommunications merchants, cable and satellite providers, car rental merchants and at gas stations. (Even PayPal Digital Gifts Count)
  • Earn 1X on everything else.
Card Perks
  • Preferred boarding on American Airlines flights.
  • Earn an American Airlines Companion Certificate for domestic main cabin travel after you spend $30,000 or more in a year (Redeeming the certificate costs $99 plus taxes).
  • 25% discount on in-flight WiFi on American flights when you pay with this card.
  • The $99 annual fee is waived for the first year.
  • Learn More

Business Cards Count Towards 5/24

American Express Blue Business Plus

The American Express Blue Business Plus Credit Card ranks as one of our favorite business cards AND also as one of our favorite no-fee cards. It has no fee, a simple earning structure, and earns valuable American Express Membership Rewards points. Here are the welcome offer, card perks, and earning structure.

Welcome Offer
Earning Structure
  • Get 2X Membership Rewards points on all purchases for your first $50,000 of spend in a year.
  • Earn 1X on everything after that.
Card Perks

Business Cards Count Towards 5/24

American Express Business Gold Card

The American Express Business Gold Card is a solid card because of the bonus category earnings. It’s a charge card, not a credit card, so you must pay the whole bill every month. Here are the welcome offer, card perks, and earning structure.

Welcome Offer
Earning Structure
  • Get 4X Membership Rewards points on purchases from the 2 categories where you spend the most. 4X earning rate is limited to the first $150,000 of spend.
  • Earn 1X on everything else.
Card Perks
  • Get 25% of your points back when using Pay With Points for any ticket on your preferred airline or business/first class tickets with other airlines.
  • The $295 annual fee is NOT waived.
  • Learn More

Bank of America Business Advantage Cash Rewards Mastercard

The Business Advantage Cash Rewards Mastercard from Bank of America is a cash back rewards card with no fee, and the real perks come with being a Preferred Rewards for Business member. Here are the welcome offer, card perks, and earning structure.

Welcome Offer
  • Earn a $300 statement credit after $3,000 in purchases in 90 days.
Earning Structure
  • Earn 75% more cash back as a Preferred Rewards member, unlocking these earning rates:
  • Get 5.25% cash back in the category of your choice and 3.5% cash back on dining for your first $50,000 of spend in these categories
  • Earn unlimited 1.75% cash back on everything else.
Card Perks
  • 0.0% introductory APR on purchases in the first 9 billing cycles.
  • No fee.
  • Direct Link

What’s Left? Which Business Cards Count Towards 5/24?

Now that we know which business cards don’t count towards the Chase 5/24 rule, you might wonder what’s left. These banks WILL report your business credit cards to your personal credit report:

  • Capital One
  • Discover
  • TD Bank

Why does this matter? For one, it affects you 5/24 status. We recently re-evaluated the best Chase cards, and keeping yourself under 5/24 helps give you more options. It also keeps the “new accounts” count down when other banks are evaluating your credit report. Some other banks have tight rules for their applications too.

Final Thoughts

Knowing which business cards count towards 5/24 can help guide your strategy. Maybe you’re on ice, trying to get back under 5/24. Maybe you’re under 5/24 and want to take it slow & steady with Chase to avoid a shutdown, but you still see value in other options. This is a way to accomplish both things.

Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

8 COMMENTS

  1. The last 3 business cards I’ve applied for from Chase have resulted in Experian credit pulls on my personal.

    • That will always happen for a small business credit card. Just because the card itself doesn’t show up on your personal credit report doesn’t mean they won’t check your credit score/history.

    • Yes, Capital One reports business cards to your personal credit report. That’s why they’re not on this list.

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