Data: Instant approval for Chase IHG card for $29,000. Two open Southwest cards and open Ritz Carlton. Lowered my credit limit on all 3 existing cards more than a month ago.
maybe a dozen inquiries in last 12 months.

Adding to my data point above: after my IHG instant approval, I got an Amex instant approval. Then decided what the heck for another Chase app, since the hp's will be merged.

Shockingly, was instantly approved for the 2nd card (BA 50k offer) with another $29k credit line...