Old Feb 14, 18, 7:37 pm
  #1767  
Happy
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Join Date: Jul 2003
Location: Florida
Posts: 26,940
Originally Posted by Diplomatico View Post
Speaking of getting things mixed up......the xx/12 is a metric Chase uses in risk assessment model for shutdowns. Not the xx/24.
On the reddit thread there were people whose xx/12 seem ok but xx/24 was not, and when they applied the Hyatt or IHG because these were not subj to 5/24, it still triggered a shut down. It shows Chase looks further back than just prior 12 months. Keep in mind that once your accounts are being flagged, it is up to the reviewers to decide whether you should be shutdown or not. There is no written rule to exempt excessive new accounts opened longer than 12 months. It is all up to the judgment of the reviewer. Though I agree an excessive xx/12 is more damaging than an excessive xx/24 but a low xx/12. Personally I would advise cautions.

Bottom line is, Chase, and other banks too, have become much more aggressive in assessing their exposure in credit card debts which now at all time high and the default rate is rising. Hence one needs to keep this backdrop in mind when applying for new cards for the bonuses / benefits. The poster who reported being shut down after getting 2 new WN cards is unfortunate as this mess can be avoided completely.

https://www.cnbc.com/2018/01/23/cred...cord-high.html

Last edited by Happy; Feb 14, 18 at 7:47 pm
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