Originally Posted by
suspire
Or maybe it just seems like it, because people are hysterically posting about closed accounts like lemmings.
I'd like some cold, hard stats before I buy into Chase Rampage 2012.
Fair enough, although I am sure that we both realize that there is no possible way for any of us to receive any hard facts, as Chase is the only one with that information and it'll never release it unless it is forced to do so.
As for the OP, I'd say: Don't do anything illegal and don't do anything that egregiously gouges Chase and you should be fine.
That has been the problem, though. It looks like Chase has been shutting down people's cards for high levels of regular spending (not rewards churning).
But if you haven't picked up a new card in the last 3 to 6 months, I'd say go for it. The worst they can do is reject you.
Well, the worst they can do is have a credit analyst take a look at all the credit exposure and the obvious pattern of opening up credit cards to take advantage of account opening promos and then shut down all existing Chase cards for "abuse." I have seen a number of posts out there about this.