Glossary · Product
Card Velocity
Card velocity is the pace at which you open new credit cards over a rolling window, which issuers use to approve or deny applications (for example, Chase's 5/24 rule).
Issuers cap how many cards they will approve given recent activity. Chase's well-known 5/24 rule declines applicants who have opened five or more cards across all issuers in the past 24 months.
Tracking a velocity timeline helps you sequence applications so you stay eligible for the cards with the best sign-up bonuses and keep minimum-spend requirements from overlapping.
Pikt's velocity tracker maps your open dates against issuer rules so you can see when your next application is likely to be approved.
Related terms
- Sign-Up Bonus Spend Requirement — A minimum spend requirement is the amount you must charge to a new card within a set window to earn its sign-up bonus — e.g. $4,000 in the first three months.
- Reward Routing — Reward routing is the practice of automatically selecting, at the moment of purchase, the credit card in your wallet that earns the most value on that specific merchant and category.