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

Some business cards do count towards the Chase 5/24 rule. Understanding the distinction can help if you are trying to stay under. Which business cards count towards 5/24 and which ones don't? When you are on ice, take a look at the best business card options.

There was a new update on 3-9-22.

The offers may have ended or changed.

Quick Recap: Chase 5/24 Rule

Chase 5/24 Rule basic explanation:

If you have opened 5 or more revolving accounts in the past 24 months, you will not be approved for a certain Chase card.

If you have opened at least 5 credit cards in the last 24 months, you can get a credit card from Chase. If they can see it on your credit report, it's worth it. To apply for credit cards with Chase, you need to have less than 5 new accounts in the last 24 months. Not all business cards count towards 5/24.

Business Cards Are Your Friend

Business cards that don't count towards your tally are a common strategy on ice. Not all business cards count towards Chase 5/24, and those are the ones you want to focus on. While waiting on Chase offers, you can use these as a way to still get valuable and useful cards.

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. The bank's cards do not show up on your credit report.

• American Express
• Bank of America
• Barclays
• Capital One (for new cardholders after October of 2020)
• Chase
• Citi
• First National Bank of Omaha
• Navy Federal Credit Union
• U.S. Bank
• Wells Fargo

Chase does not include their own business cards in the count.

• Chase Ink Preferred
• The Chase Ink Cash
• Chase Ink Unlimited

Southwest frequent flyers like the Southwest Rapid Rewards Performance Business card for its perks and companion pass. What are the best options for you?

The Best Business Card Options When On 5/24 Ice

There are 6 best options for anyone trying to stay on the ice.

Capital One Spark Cash Plus

The Capital One Spark Cash Plus card is the best offer for big spenders for a few more days. If you've been considering it, you should jump on it now because it's going to be gone by the end of the year. Capital One changed the way they reported business cards a few years ago.

Spark Cash Plus $3000 Offer Details

• Earn $500 once you spend $5,000 in the first 3 months
• Earn and additional $2,500 once you spend $50,000 in the first 6 months.
• The card earns 2% back on all purchases
• The Spark Cash Plus has no preset spending limit
• $150 annual fee is NOT waived
• Learn More 

CitiBusiness AAdvantage Platinum Select Mastercard

The welcome offer is always one of the best and the annual fee is under $100. Remember that Citi made some changes to their terms, so note those when applying. Here is a look at the welcome offer, card perks, and earning structure.

Welcome Offer

• Earn 65,000 American Airlines AAdvantage miles after you spend $4,000 within your first 4 months of card membership.

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.

American Express Blue Business Plus

One of our favorite business cards is the American Express Blue Business Plus Credit Card. It has no fee, a simple earning structure, and valuable American Express Membership rewards points. The welcome offer, card perks, and earning structure are here.

Welcome Offer

• There’s no public welcome offer, but you can often get one via a referral.

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

American Express Business Platinum

The American Express Business Platinum card has one of the juiciest welcome offers out there and some good benefits for travelers, but it's not as good as it used to be. The welcome offer, card perks, and earning structure should be looked at.

Welcome Offer

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.

American Express Business Gold Card

The bonus earning category earnings make the American Express Business Gold Card a solid card. The welcome offer, card perks, and earning structure are here.

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. The welcome offer, card perks, and earning structure are here.

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, you might wonder what's left. Your personal credit report will be reported by these banks.

Why does this matter? For one, it affects your status. We recently re-examined the best Chase cards, and keeping yourself under 5 24 helps give you more options. New accounts count down when other banks look at your credit report. There are strict rules for applications from other banks.

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.

Capital One Spark Cash Plus is $3K.

Capital One has a welcome offer. It is giving up a $3K welcome offer right now and earning 2% back everywhere. You can get a welcome offer of $500 after $5K spend in the first 3 months. $3K is the total welcome offer.

There are additional card benefits.

• Unlimited 2% cash back on every purchase
• No preset spending limit
• $150 annual fee is not waived

You can learn more about this card.

The author's opinions, reviews, analyses, and recommendations have not been reviewed, endorsed or approved by any of these entities.