According to an article on DOC, a “trusted” resource says that Chase will be applying the 5/24 rule to co-branded cards also. If this is true, that would suck. A commenter reported already being denied the IHG because of the 5/24 rule.
This change is supposedly going into effect between March – April, business cards are supposed to be impacted also.
If this is true then its definitely a game changer. Personally I only wanted a few more Chase cards, the Ritz and IHG. I might app for an IHG now if I can get the 80k + $ 50. I’m not going for the Ritz until 140k comes back. I also considered the United card because they keep sending me pre-approvals (even though I’m opted out) for 50k miles but I rarely fly and never flown United.
Hopefully the results of this will cause enough impact that they retract their decision on their approval process.