When a bank creates a credit card account the revolving line of credit is typically bundled with others into a security. Citi earns fees when selling these securities. The line of credit for a specific card account remains in the same loan pool for the duration of the security.
So what happens when a churner cancels the card after one and a half months (after getting the bonus and paying off the balance)? How long did it take for the card to get into the security?
When I apply for an AA Amex and an AA MC on the same day and am approved minutes apart, do they end up in the same secuirty?