I really don't unerstand your problem. There must be something that you are simply not getting. Have you actually read this thread? or do you usually jump in and attack people?

I have in fact read every thread on this subject. Have you? Obviously not :rolleyes:

The question I posed in post #1 had not been asked ANYWHERE. There were multiple opinions about this in response to my question and I thought that we could talk about them. Obvisouly bearning in mind that some things cannot be known (as per drbond's helpful posts). Unfortunately this thread got hijacked by characters such as yourself.

Again, my inital question has not been convered on FT! I am ready to apologise for my terrible crime of asking a question if it has in fact already been covered, but I am simply unable to find this info. I doubt that anyone else will be able to either.

Another personal attack I see :rolleyes: Who or what exactly am I supposed to have been pointing my finger at? :confused: I do of some finger pointing that has been going on in this thread, and your might want to do some personal reflection to find out who it is...


So, you appear to be stating that all knowledge that can be gained and shared about this topic also already been posted. All other potential knowledge about credit cards, is simply unnatainable. Am I misinterpreting you? If not, was there a discussion about this, or is this simply your personal opinion and an attempt to stifle debate?

Seeing as my question has not appeared before on this forum, your logic appears to be that if I ask questions I will not be able to learn. I thus assume that you are saying that I can only learn if I do not ask questions. Kindy explain how this rediculous reasoning makes any sense? (or should I perhaps not ask this, because according to you knowledge and learning is not derived from questioning).



Instead of being so quick to attack people on this forum, why don't you try chilling out? Once you have calmed down, maybe come back to this thread and re-read the question (ignoring the personal attacks posted by you and others) and the ensuing debate.

I think you would actually benefit a lot more from FT if you allowed people to ask questions that have not been asked before, instead of resorting to attacks as a means of censorship.


p.s.

Perhaps something we can agree on here. Drbond has been most helpful. His info did slightly conflict with what some others were saying, but that is the purpose of the thread: to get to the bottom of what we can understand, and figure out what has to remain in the black box of churning His comments have certainly added to the debate in this thread. I wish I could say the same about others...

There is no end all be all knowledge about this subj. Anyone has any common sense understands that.

However, lots of very useful and helpful information have been indeed posted in this forum for the past 12 months at least. Many people have been greatly benefited from that. It is your loss that you think you cannot glean from the collective knowledge posted in this form and fine tune your approach.

Your posts absolutely baffle me. Are you arguing with me, or some distorted construct of my arguments that you have created?

Did I ever state that there is no useful information on this forum? I think not. Are you referring to me or someone else :confused: I certainly have never said such a thing. Your mischaracterisation of my posts in false at best, and nasty and malacious at worst. Please refrain from doing this?

Of course there is lots of information on FT. Why would anyone dispute this.

I will give you the benefit of the doubt right now. Usually I would question the intellectual integrity of someone that needs the same point restating to them this many times though.

I AM ASKING A QUESTION THAT HAS NOT BEEN ASKED BEFORE! Is there some part of this that you do not understand?

As I have now stated many times, the other information on FT is of course useful, but I do not see why I should not ask this question.


I would also like to kindly ask you to resist mischaracterising my positions in the future.

Hope this helped!

ROFLMAO

(To everyone else in this tread, this guy is choosing to turn our civilized discussions into a personal tirade. Let's let travelwave post a few more bolded comments and let it die.)

Just to throw in my 2 cents to this lovely discussion; it seems like the OPs question had been (kind of) answered, but....

Kaukau: I do not think he was asking for re-clarification of the 30-day issue. He was trying to get a discussion going, because interspersed in all of your flowery comments there was a statement about banks automatically putting your application in a different pile if you are within 60 days.

Dudemon and others: I for one think that this is a pretty legit thing to ask and I have also have seen no mention of this before.

I just parsed the OP down to each question and answered them to my best experience. What's the next question?

Well, like I said in my last post, I do not think the OP ever asked for a reclarification of what has been said in this post. It sounds like his beef is that people are basically telling him to shut up.

Again, like I said in the my last post, it seems that there was a mention somewhere in this thread that there is essentially no 30 day rule. Drbond stated that an inquiry every 60 days is a reason for decline. I know this was clarified a little bit later on, but I think it is a legit question to ask about the specifics of this.

Why there have been pages of arguments, trying to shut this thread down I do not know. You people have too much pent up anger or frustration or something :)

Here's what each institution's CSA's have told me over the phone. I call them and ask these questions.

BofA: Wait 30 days
Chase: Wait 45 days
Citi: Wait 60 days

wow, well I though common knowledge on these boards was that Chase is every 30 days? so they actually told you 45? interesting. thanks for sharing ^

Anyway, so is drbond's statement incorrect: "more than one inquiry every 60 days is a reason for decline. Not that it will happen in every case but it is listed as a default decline in the computer software"

whose computer software? all banks?

One will receive a "credit denied" letter, an informative letter with a very useful phone #, if you send in an application too soon. Call this # and ask to speak to a Credit Manager. They can override this letter. They are the ones who will handle clients who wish to hold many accounts. Ask these knowledgable professionals how to properly go about this with their particular cc division. They want clients!

This is what I have always done. I have also gotten a lot of useful info from the banks themselves. But like martian pointed out, I was wondering about the 60 days statement, because it seemed to come from a knowledgable source. 60 days contradicts what the banks have told me. Thats why I was wondering what drbond meant? was he referring to one particular bank (he doesn't have to share the name if that is confidential) or all banks?

So, we have 2 choices here: (1) we can have a civilized discussion about this, or (2) the likes of dudemon and happy can say stuff like "just do a search," "you just don't get it," and 'you can't ask questions until you have given to the FT community'

I would prefer option (1)

Seems to me, that 60 days between approvals, from 3 institutions, times 2 cards each, (business and personal) is......36 accounts opened a year? Is that correct? 2 x 3 x 6 =36. One could push that a bit, as we've discussed, but, taking the long view, 180 accounts opened in 5 years isn't shabby.

I would agree that 36 accounts a year is a lot. That is a lot of credit cards! and credit hits :(

However, we have both been told by various banks that they go below that the 60 day limit (30 or 45 days). So, I am therefore wondering about what drbond meant? was he referring to one particular bank (he doesn't have to share the name if that is confidential) or all banks? He made it sound like a universal limit, and then implied that exceptions can be made. So, if Chase and Bank of America are approving apps within the 60 day limit are they making exceptions? or do they not have this 60 day thing in the first place?

Each Credit Manager can make exceptions to any rule if they want to! That's the root of the issue. Rules are not industry wide, they tend to be capricious, even. But as one's card collection grows, so does one's understanding of the fluid nature of extending and stewarding unsecured credit. Hence the importance of developing a personal relationship with each division's Credit Managers.