myFICO: What's the 5/24 Rule for Credit Cards?
SAN JOSE, Calif.--(BUSINESS WIRE)--It's no secret that credit card issuers use welcome bonus offers to attract new sign ups. To limit sign ups from people who solely want to churn through welcome offers, card issuers may implement credit card approval policies. One example is the 5/24 rule. Here’s what to know about the 5/24 rules for credit cards, from myFICO. For more credit education, visit myFICO’s blog at https://www.myfico.com/credit-education/blog What is the 5/24 Rule for
Dec 5, 2023
