Originally Posted by
VegasGambler
… which you would see if you bothered to actually do the research ...
You don’t have any idea of what I do and what I don’t do, please don’t attack my research efforts.
Originally Posted by
Globalist on points
…I've been churning cards for 5+ years now. I know the rules, and risks. I know all about the history of Chase shutdowns and other banks for that matter. I signed up for my first Hyatt card back when 5/24 didn't apply to it. I've rarely had to talk to a chase rep about my accounts. I've never stepped foot in a Chase branch. I have 800+ credit, $300k household income, stay around 2/24, and space out my applications to at least 90 days, and I lower my credit limit so that I get auto approved. I am an ideal customer from Chase's perspective.
Originally Posted by
Globalist on points
I disagree about the shutdown risk. I'm not new to this game, I signed up for my first ink card in 2017, and have been slow and steady since then. I've studied the profiles of users that have been shutdown, and they are very different than what I am doing. I am down to 2/24 and stick to 1/90 velocity. I stay under the radar, and still bring in 1 million Hyatt points per year.
Originally Posted by
VegasGambler
…it's reckless when someone comes in to troll/brag about this stuff without being very clear about the risks involved (if he is even aware of them; I'm guessing that OP is very new to this hand and is probably not aware)
… it's reckless to talk about this without being very clear about the risks.
I'm not telling anyone not to do this. People should do their own research and make their own informed decisions.
Unless you believe OP to be a liar, “ … guessing that OP is very new to this hand …” is a complete misrepresentation. OP has made it clear that he or she is not new to this and that he or she understands the risks.
No one is trolling or bragging, it’s inappropriate for you to make that accusation.
What’s actually reckless is posting repetitive warnings on various threads of impending shutdowns for any number of unspecified and unsubstantiated reasons. (Chase applications within 1 biz and 1 personal per person every 90 days are not generally considered to be overly high velocity.)
Originally Posted by
VegasGambler
…I'm not telling anyone not to do this...
Au contraire, that’s exactly what you’ve been doing.
Originally Posted by
VegasGambler
… It's perfectly reasonable to do this as a calculated risk … People should do their own research and make their own informed decisions.
Agreed. But when one’s risk tolerance is significantly lower than average, perhaps 2 standard deviations, they shouldn’t try to impose that risk tolerance on other people without explaining that it’s an incredibly low risk approach. If one cannot stand the heat, they should most definitely get out of the kitchen, but they shouldn’t also try to get everyone else out.