Originally Posted by
Globalist on points
All the cards I've signed up for in the last 12 months have been business cards, they don't count toward 5/24 and don't show up on my credit profile.
Yes, I realize that Chase is paying Hyatt for the points. Based on my automatic approvals, they don't seem to have a problem giving me more though. Their algorithm see's my high credit score, high income, low number of (personal) cards, and small amount of credit offered to me and automatically approves me for every new card I sign up for with them.
Thanks avogadro, it is a fun hobby!
Yes, and then they do an audit, realize that you are gaming the system, and shut down all your credit cards and bank accounts with them, and never allow you to do business with them again.
Your should read some older threads from before the 5/24, when personal cards were churnable. It's not like this hasn't happened before. Chase is by far the most heavy handed with their shutdowns; the worst of any of the lenders. They even tried to confiscate the points in peoples' accounts (but they weren't allowed to do that, fortunately)