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Chase Credit Cards - New 5/24 Rule, IHG Rewards, and Infinite Concierge Services



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Recent articles discussed Chase's new 5/24 Rule. This rule automatically denies applications from applicants who have requested five credit cards within the past 24 hours. We also looked at the new plan for Chase to pay Visa an unknown amount of revenue. We also discussed Chase's Infinite Concierge program.

Chase's 5/24 rule automatically denies applicants who have applied five or more times for credit cards within the last 24 hours.

Chase offers almost all consumer credit cards with the 5/24 rule. This is a strict requirement. This basically means that you must have opened at most five credit cards in the past 24 months. This includes credit cards issued by closed-loop merchants. To ensure that you have not opened more than five cards, it is important to check your credit reports to see if you've reached your limit.

This rule can be circumvented by applying for multiple Chase credit cards within a 30-day time period. While some people are able to successfully apply for more cards than they need, the 5/24 policy will block most applicants from getting approved. Chase has become more aggressive in flagging and closing accounts. This has led to many customers being denied cards.

Chase's new plan to pay Visa an unspecified amount of revenue

Visa and Chase have signed a new agreement. The revenue will be paid to the first party in an unspecified amount. The new agreement is expected be in place by the beginning of next year. This will enable Chase Visa to offer more card volume. As a major issuer of Visa and MasterCard credit cards, Chase is well-positioned to benefit from the new relationship. Merchants who offer Chase cards can offer cardholders targeted deals and discounts through the CMS platform.


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In a separate enforcement case, the CFPB determined that Chase had enrolled individuals in credit card add-on products that promised credit monitoring and alerting them to possible fraudulent activity. Many of these products required written authorization from customers. However, many of those who purchased them never received the services. Chase has to take steps to improve its management over third-party vendors after the CFPB took action.

Chase's Infinite Concierge service

The concierge services offered by credit card companies can help you improve your travel experience as well as maximize your time. Chase offers two concierge service options: Visa Infinite Concierge (or Visa Signature Concierge). These concierge-level services are available to people who don't normally have the means to access them.


Concierge services allow you to tap into a team that includes experts to help make the most out of your travel experience. They can assist you with any questions related to travel and help you arrange rental cars or flights. They can even help plan your birthday party! The best part is, there's no extra cost unless you're using the service.

Chase Sapphire Preferred

Chase Sapphire Preferred Credit Card is a great choice for those who want the best rewards, perks and benefits. You can start earning points right away with a great bonus offer. You can also earn double points on dining and travel. Strong protections for travelers are also offered by the card.

Sapphire Preferred Visa offers additional benefits such as primary insurance and collision coverage on rental cars. Additional benefits include travel and baggage delay insurance, and a $50 Ultimate Reward hotel credit. This card has many benefits, and the annual fees are only $95 after your first year. If you travel often, this is the card for you.


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IHG Rewards Premier Credit Card

IHG Rewards Premier Credit Card is a premium cobranded credit from Chase. This card offers several benefits including a free anniversary certificate and a fourth-free night after award redemption. IHG is a global hospitality group that owns brands such as Holiday Inn, Crowne Plaza, Six Senses and Holiday Inn.

When you sign up for the IHG Premier Credit Card, you'll receive 140,000 bonus points and a free night worth up to 40,000 points. Each IHG point is worth 0.75 cents, which is an excellent value. Points can be used to redeem for free nights and other rewards.


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Chase Credit Cards - New 5/24 Rule, IHG Rewards, and Infinite Concierge Services