As you may already know, American Express recently imposed a strict new rule on credit card applicants: you can now only get approved for the same Amex credit card once in your entire lifetime.
Previously, identical Amex products could be churned once every 12 months, allowing one to accumulate a boatload of Delta miles and/or Membership Rewards points.

Predictably, Chase followed suit a few months later with their own rule. Now, certain Chase cards* will not be approved if you have opened 5 or more credit card accounts within the past 24 months (with any bank).
I am now anxiously waiting to hear what Citibank has in store for us.

This is obviously a game changer for those of us who have made a hobby out of collecting miles and points.

Thoughts?



P.S.: Sorry if this topic was covered in another post, but, surprisingly, I have not been able to find this discussed anywhere on FlyerTalk


*Chase Freedom, Chase Ink Cash, Chase Ink Plus, Chase Sapphire Preferred, Chase Slate