There are a few fundamental rules to the success of anyone involved in points and miles. If there’s one that is more important than any other, it is the Chase 5/24 rule.

The Chase 5/24 rule is so fundamental that you’ll almost always hear someone mention it when discussing sign up strategies. “What’s your 5/24 status?” is almost always the first question asked when someone asks for credit card recommendations.

If you haven’t heard of the 5/24 rule yet, you may be wondering what the big deal is.

If we were to start handing out awards here at MileValue, we can officially declare Chase the winner of some of the most exciting updates in the credit card marketplace for September 2020. Between updating the welcome bonus on the Chase Sapphire Preferred, and improving the Chase Freedom Unlimited® and the introduction of the Chase Freedom Flex℠, Chase has been all over the news in the points and miles world as of late.

And guess what: they’re back in the news again.

If you apply for a credit card and are not immediately approved, then in most circumstances you should call the bank to discuss your application.

Ask the agent if you could provide any more information about the application.