Should I Have 2 Chase Cards?

Chase credit cards offer advantageous rewards to customers such as the Ultimate Rewards Program and are considered among the very best credit cards for travel rewards. If you are looking for the optimal strategy, you should aim to combine these cards to earn the most points. That being said, one should be quite careful before using this strategy, as Chase does have strict application rules such as the 5/24 rule.

The Chase 5/24 Rule

The Chase 5/24 rule gets its informal name from customer reviews and restricts credit card approvals for certain customers. The Chase 5/24 states that if the customer has already opened 5 or more credit card accounts in the last 24 months, which includes any other cards reported to his/her personal credit report as well as any cards opened, Chase will then not approve any application for certain credit cards from that customer. 

The following cards have been reported as 5/24 cards:

• Chase Sapphire Reserve
• Chase Freedom
• Chase Freedom Unlimited
• Chase Sapphire Preferred Card
• Chase Slate
• United Business Card
• United Explorer Card
• United Club Infinite Card

How to maximize points value?

Did you know that you can use the Chase rewards portal to maximize points value?

The Chase Ultimate Rewards Program is considered one of the best credit card rewards programs available, allowing cardholders to earn points with every purchase. 

If you look at the cards individually, the value of a point and its options for redemption is limited by the credit card with which it is associated. However, If you have 2 or more Chase cards that earn Chase Ultimate Rewards, such as the Chase Freedom or the Chase Sapphire, you can combine the points earned on each card to maximize the value received from all of your rewards. These combined points can be redeemed in a variety of ways, but the most popular type of redemption option is a travel and you can redeem Ultimate Rewards for travel awards, allowing you to fly and stay at hotels all across the globe. The only thing you have to do is start earning some points.

Here are some of the best Chase Ultimate Rewards cards that will allow you to maximize points value:

1. Chase Sapphire Reserve
2. Chase Sapphire Preferred 
3. Chase Freedom Unlimited
4. Ink Business Preferred
5. Ink Business Cash

Combining rewards points is a fast and free process to always ensure that you get the best possible value from your points. Now that you have learned about this program, the next thing you’ll have to consider is where to travel next.

Why having a Freedom card with your Sapphire card is helpful

If you already have one of The Chase Freedom Cards, you are probably aware that they are popular cash-back cards with no annual fee; however, did you know that you can turn the cash-back rewards from these cards into Chase Ultimate Rewards Points? In other words, if you already have one of the freedom cards, having a sapphire card can help you turn cash back into points at a rate of 1 cent to 1 point, as mentioned above. 

The Chase Freedom and the Chase Sapphire make a great ultimate rewards points earning team. If you have a solid strategy, using these two cards together will put you in a great position to earn and redeem rewards, especially for travel. The combination provides a wide range of options to maximize your points and save you money. 

Thus, if you want the best opportunity to maximize your points, get the advantage of the Chase Travel Portal in the best way possible and earn many rewards, having a Chase freedom card with a chase sapphire card is the best possible answer. 

Conclusion

With the right combination of Chase cards, you can earn tons of Ultimate Rewards, take advantage of the Chase Travel Portal, and fly to cities all across the world. However, it is crucial to keep the 5/24 rule in mind when applying for these cards.