None of this is true lol, A recession is not stimulative towards the new credit card market.

"We do not find evidence that consumers increase their reliance on credit cards during spells of unemployment. On the contrary, the SCPC data indicate that consumers may, in fact, decrease their reliance on credit cards while unemployed." This is from the Boston Fed research.

You all are thinking increased reliance on credit during a recession means opening up new cards, when the reality is not the case. People will increase usage of their existing cards, and banks will tighten up on approvals as well, leading to fewer new accounts being opened.