You know what happens when everyone starts trying to break the news about a change in miles or points? They inject their own perception, guess work, and other nonsense in order to appear authoritative. The more you listen the more your reality becomes shaped by these rules, and the knowledge that you seek limits you.
Here's a recent reconsideration call that I had with a rep for an Ink.
Me: <hi give me my ink bro, etc>
Rep: Well it appears you were denied for too many credit applications, which I happen to agree with.
Me: <yeah, ok but I need a lot of cards.. etc>
Rep: One of the reasons is that you have applied for more than 5 cards in 24 months, many more in fact
Me: <yeah but as I just explained, I'm different from your average customer, I need more because of reasons that make a lot of sense etc..>
Rep: OK let me review
[Hold for few minutes]
Rep: OK I've reviewed this and cannot extend you new credit because you have too much credit in too short a time, applying for many cards in a short period (over 5 in 24 months) means we don't have the data available to properly assess your repayment ability and overall relationship risk.
Me: But I don't want more credit, I want the same amount of credit from you, or even less, I just want another Ink.
The faffing went on for some time, but in the end the rep approved my account, after flat out denying me three times in a row. I simply explained my position, why I was special, and why it made sense, and he was happy to oblige.
My own authoritative disclosure
I included the mention of risk exposure for new credit and how that might be a source of the 5/24 concern, which is interesting when everyone who churns cards thinks it is due to churning... but that too was just a single conversation which should be taken with the same pinch of salt you should take with everything.
You could also argue that the '5/24' rule doesn't apply to Ink cards right now but will in the future. But my answer to that is that your rules won't stop me from trying, and more often than not, when you try something with a logical argument, a valid reason, and an open mind, you get things done.
Here's a recent reconsideration call that I had with a rep for an Ink.
Me: <hi give me my ink bro, etc>
Rep: Well it appears you were denied for too many credit applications, which I happen to agree with.
Me: <yeah, ok but I need a lot of cards.. etc>
Rep: One of the reasons is that you have applied for more than 5 cards in 24 months, many more in fact
Me: <yeah but as I just explained, I'm different from your average customer, I need more because of reasons that make a lot of sense etc..>
Rep: OK let me review
[Hold for few minutes]
Rep: OK I've reviewed this and cannot extend you new credit because you have too much credit in too short a time, applying for many cards in a short period (over 5 in 24 months) means we don't have the data available to properly assess your repayment ability and overall relationship risk.
Me: But I don't want more credit, I want the same amount of credit from you, or even less, I just want another Ink.
The faffing went on for some time, but in the end the rep approved my account, after flat out denying me three times in a row. I simply explained my position, why I was special, and why it made sense, and he was happy to oblige.
My own authoritative disclosure
I included the mention of risk exposure for new credit and how that might be a source of the 5/24 concern, which is interesting when everyone who churns cards thinks it is due to churning... but that too was just a single conversation which should be taken with the same pinch of salt you should take with everything.
You could also argue that the '5/24' rule doesn't apply to Ink cards right now but will in the future. But my answer to that is that your rules won't stop me from trying, and more often than not, when you try something with a logical argument, a valid reason, and an open mind, you get things done.