Hey guys! So I have been deciding over the past few days about applying for the Chase Sapphire Preferred card to get the 50,000 UR points with the sign-up bonus.
There is only one problem: I feel like I may be in violation of the 5/24 rule. From my understanding, you can not have 5 credit card accounts opened up in the past 2 years.
However, does the 5/24 rule apply to closed accounts? I have an AMEX PRG that I closed about a year ago.
Here is a picture of my Experian report via Credit Karma: