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Disturbing news on Chase Credit Cards
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<p>[QUOTE="knick1959, post: 289618, member: 1415"]</p><p>I used to have a slow-motion strategy with "churning" Chase cards. It was hardly churning, tho. Chase IS my bank and I'd just rather not tick them off. However, I am now feeling a little less loyal, but that's for another discussion.</p><p></p><p>I am on my second United card, and my second IHG card (had a Priority Club before). I canceled my previous ones, then out of extreme caution, waited 2 years until they dropped out of sight of my online account record (I could no longer select them as "visible" ... they were no longer on that list). I currently have 6 personal cards and 1 business card with them. 3 of the personal cards acquired "in the last 2 years".</p><p></p><p>So, starting over with Chase after 2 years used to be my strategy, too, sort of. But it's NOT apps that they are now counting, it's NEW ACCOUNTS. And ALL NEW ACCOUNTS. So, unless they back out on their strictness, you have to hold off on getting more than a couple new cards FROM ANYONE in the next 2 years. That's too high of a price to pay for me.</p><p></p><p>Also this means that bumpage, if you can manage to make that work now (see my posts in an aptly named thread somewhere else here; it isn't working any more ... not the old way at least) isn't going to help you here.</p><p></p><p>My wife was denied a Freedom card 2-3 weeks ago. Too many accounts in the last 2 years. Recon wasn't budging, and claimed 15 cards in the last 2 years. This threw us way off guard ... I wasnt't prepared for that number. And that wasn't right at all. Between the 2 of us, with her as an AU on my cards? Maybe. Probably. I use my credit for cards way more aggressively than hers.</p><p></p><p>I can't live on "only" 5 cards every 2 years, and even THAT is too many for Chase. The good news is that I have a long-term CSP AND Freedom and had no plans to fiddle with them. My wife's could have stood a small Chase shuffle, but this is now dinked. This does, however, deminish any possible need for HER CSP card. And when we cancel it in the coming months, I will make sure they know it would have been kept if we could have paired it with a Freedom card for her.</p><p></p><p>I guess, for me, this isn't a horrible thing. I would certainly have rather finished my Master Plan and connected my wife with a Freedom card. Good things could have come from that. But we're not in too bad a shape without it. My system has only ticked Chase on the edges, and I guess that changes. Let's see how widespread this becomes outside of Chase.</p><p>[/QUOTE]</p>
[QUOTE="knick1959, post: 289618, member: 1415"] I used to have a slow-motion strategy with "churning" Chase cards. It was hardly churning, tho. Chase IS my bank and I'd just rather not tick them off. However, I am now feeling a little less loyal, but that's for another discussion. I am on my second United card, and my second IHG card (had a Priority Club before). I canceled my previous ones, then out of extreme caution, waited 2 years until they dropped out of sight of my online account record (I could no longer select them as "visible" ... they were no longer on that list). I currently have 6 personal cards and 1 business card with them. 3 of the personal cards acquired "in the last 2 years". So, starting over with Chase after 2 years used to be my strategy, too, sort of. But it's NOT apps that they are now counting, it's NEW ACCOUNTS. And ALL NEW ACCOUNTS. So, unless they back out on their strictness, you have to hold off on getting more than a couple new cards FROM ANYONE in the next 2 years. That's too high of a price to pay for me. Also this means that bumpage, if you can manage to make that work now (see my posts in an aptly named thread somewhere else here; it isn't working any more ... not the old way at least) isn't going to help you here. My wife was denied a Freedom card 2-3 weeks ago. Too many accounts in the last 2 years. Recon wasn't budging, and claimed 15 cards in the last 2 years. This threw us way off guard ... I wasnt't prepared for that number. And that wasn't right at all. Between the 2 of us, with her as an AU on my cards? Maybe. Probably. I use my credit for cards way more aggressively than hers. I can't live on "only" 5 cards every 2 years, and even THAT is too many for Chase. The good news is that I have a long-term CSP AND Freedom and had no plans to fiddle with them. My wife's could have stood a small Chase shuffle, but this is now dinked. This does, however, deminish any possible need for HER CSP card. And when we cancel it in the coming months, I will make sure they know it would have been kept if we could have paired it with a Freedom card for her. I guess, for me, this isn't a horrible thing. I would certainly have rather finished my Master Plan and connected my wife with a Freedom card. Good things could have come from that. But we're not in too bad a shape without it. My system has only ticked Chase on the edges, and I guess that changes. Let's see how widespread this becomes outside of Chase. [/QUOTE]
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