Originally Posted by
tylerc
I read a while back they implemented this rule - do you know for sure it is still being enforced? I'm holding 2 cards at the moment.
Yes, 1 card rule is here to stay.
I applied for a new card yesterday and was declined right away by the system. A quick call to the credit department at MBNA confirmed that it was indeed because of the new Alaska Airlines rule. Since I already have multiple cards with MBNA, this attempt was a soft inquiry and does not hurt my credit score or history. MBNA was also able to confirm that I could cancel my current cards, wait for 90 days and submit a new application to re-qualify for a new card with 25K bonus. Obviously, this is not nearly as exciting as getting a 100K miles in a span of few days 
Did a write up on it yesterday, if anyone is interested - http://travelupdate.boardingarea.com...s-credit-card/