Boost Your Credit Score with the 5/24 Strategy

What is the 5/24 Credit Card Strategy and How Does it Apply in the UAE?

 

Your credit score is more than just a number — it’s the key to unlocking better financial opportunities. The 5/24 Credit Card Strategy is a popular rule that shows how pacing your credit card applications can help you protect and improve your score.

 

Although it began with U.S. banks, the principle is universal — and just as useful for credit card holders in the UAE.

 

At Deem, we believe managing credit wisely means balancing rewards with responsibility. Let’s break down the 5/24 strategy, why it matters, and how you can apply it to keep your credit score strong.

What is the 5/24 Rule?

If you’ve opened five or more credit card accounts within 24 months, your chances of being approved for certain premium cards drop significantly.

The rule exists because banks want to reward long-term, consistent customers rather than people who apply for multiple cards just to collect sign-up bonuses.

Why It Matters for UAE Customers?

While the exact 5/24 rule doesn’t apply in the UAE, the principle behind it is very relevant. Here’s why:

Multiple applications can hurt your AECB credit score
Every time you apply for a credit card in the UAE, it creates an inquiry on your Al Etihad Credit Bureau report. Too many inquiries in a short span can lower your score.

Banks may see frequent applications as risky behavior
Even if you’re financially stable, applying for several cards at once can make lenders cautious.

Choosing wisely means unlocking better benefits
Instead of filling your wallet with multiple average cards, applying strategically helps you get approved for cards that offer higher rewards, cashback, and lifestyle perks — like those from Deem Finance.

How to Use the 5/24 Strategy in the UAE

Think of the 5/24 strategy as a reminder to be selective and strategic when applying for credit cards:

Prioritize premium cards first
If you’re considering a high-value card with strong rewards, apply for it before taking on multiple others.

Space out your applications
Give your credit profile breathing room. Waiting a few months between applications helps maintain a healthy credit score.

Track your credit activity
Regularly check your AECB report to know how many active credit lines you have.

Focus on quality over quantity
One well-chosen card — like a Deem Cashback Card that rewards you for everyday spending — often delivers more value than juggling five different ones.

Deem’s Approach to Smart Credit

At Deem Finance, our goal is to help you make smarter financial choices. That’s why our credit cards are designed with features that make them worth keeping long term — from cashback on essentials and lifestyle spending, to winning big, flexible payment options and exclusive offers.

By applying a strategy like 5/24, you can:

– Protect your credit score.

– Enjoy rewards that truly fit your lifestyle.

– Build a strong relationship with your card issuer.

The 5/24 credit card strategy may have originated in the U.S., but the lesson applies everywhere: be intentional with your credit card applications.

In the UAE, where your AECB score plays a key role in financial approvals, applying this principle means you’ll have a stronger profile, better credit card choices, and long-term rewards.

Ready to take the smart approach? Explore Deem Finance’s range of credit cards today and choose the one that fits your lifestyle.