In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support!While there’s nothing official, anecdotally (and as reported by Doctor Of Credit) it would appear that Chase is no longer consistently enforcing the 5/24 rule.Chase approvals despite being over 5/24 limitIs it worth applying for a Chase card if you’re over the 5/24 limit?Bottom lineChase approvals despite being over 5/24 limitAll major credit card issuers have rules when it comes to approving people for cards, intended to maximize profitability and reduce risk. Some of these rules are published, while others aren’t.Probably the single most well known such policy is the Chase 5/24 rule, whereby Chase typically won’t approve you for a card if you’ve opened five or more new card accounts in the past 24 months (there are some exclusions, so read my guide to the Chase 5/24 rule if you’re not familiar with it).Chase has for the most part been pretty strict about this in recent years, to the point that there’s no point in applying for a Chase card if you’re over that limit, since you’re not likely to get an exception… until recently.At the moment the Chase Sapphire Preferred® Card (review) has an exceptional limited time welcome bonus of 80,000 Ultimate Rewards points upon completing minimum spending. There are quite a few data points online of people being approved for the card despite being over the 5/24 limit (and these aren’t people who are confused about what the limit is).This is potentially pretty exciting. Let me of course emphasize that there are also lots of data points of people over the 5/24 limit being rejected, which may be because of the 5/24 rule, or may be because of something else.A while back, there had been reported of some people getting approved for the Ink Business Preferred® Credit Card (review) despite being over the 5/24 limit, though at the time it was believed that this was specific to those cards. That doesn’t seem to be the case.I think this is at least something worth being aware of. It’s anyone’s guess what exactly is going on here. Has Chase actually eliminated the rule, or modified it somehow? Is Chase doing some sort of testing on the 5/24 rule to determine the profitability of customers over the limit rather than under the limit? It’s anyone’s guess…Transfer Chase points to World of HyattIs it worth applying for a Chase card if you’re over the 5/24 limit?What exactly should you do with this information? Some people are getting approved for Chase cards in spite of being over the 5/24 limit, though we don’t know why, exactly. Everyone has to decide for themselves what to do based on their own credit profile, situation, and risk tolerance for rejection. I’ve written in the past about the impact of credit card denials on your credit score.Personally I’ll gladly speculatively apply for a credit card, even if I’m not sure I’ll get approved (for example, I recently got rejected for a card). What’s my logic?Generally speaking, the only negative impact on your credit report of a denial is that you have an additional inquiry, and that might temporarily ding your score a few pointsAssuming you have an excellent credit score (mine is 830+), a few points won’t make a material differenceMeanwhile the potential upside from a new credit card can be huge, in terms of the sign-up bonus, additional points from spending, and perksIf I were in the position of having an excellent credit score, being over 5/24 (but not by a ton), and wanting the Chase Sapphire Preferred, I’d definitely consider applying, given the big upside and limited downside. But admittedly everyone has a different risk tolerance and take on that, and there’s no right or wrong answer.Transfer Chase points to Air Canada AeroplanBottom lineThe 5/24 rule is one of the biggest restrictions when it comes to getting approved for Chase cards. While it has been a pretty consistent rule for the past several years, reports suggest that some people are getting approved for Chase cards despite being over the limit. That’s not a guarantee that anyone will get approved, but I do think it’s a data point worth being aware of.If you’re over the 5/24 limit and end up applying for a Chase card, please share your experience!