Originally Posted by
robchow
Why one year? If you are referring to the Credit CARD Act, doesn't the Act only apply to personal cards and not business cards?
If you want to stay on the good side with Chase? It has nothing to do with the CARD Act, but to avoid being flagged by the bank's algo. There are already DPs elsewhere that people are denied on new applications despite under 5/24 because they have taken advantage (abuse) the downgrade / upgrade options.
While AMEX has written it into its T&Cs for taking adverse action against people who dont keep their cards for 12 months, Chase has written it into the Algo without mentioned it anywhere in written form but you would find out when your account is being flagged by the system, one way or the other.