Precision
 

Some of us see churning as a sport; others like myself consider it more of an art. For this reason I would like to perfect my art. What does it mean when we say that you can apply for a Bank of America or Chase card every 30 days?

30 days after you apply?
30 days after something happens in the inner workings of the bank?
30 days after you receive and activate the card?
30 days since your last application for any card or 30 days since you applied with a different department e.g. Bank of America business vs. personal?

I welcome the input here.

Cheers ^

I will point out that 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. Some variances will make this ignored. YMMV.

With every bank?

Also what are these "variances" of which you speak?

Thanks.

read the threads on this forum... there is a LOT of information to take in.

YMMV = your mileage may vary

I have read them all. My question is not answered in any of them. Why would you respond to my post telling me to read stuff when you do not know that it exists?



Can you explain why you provided the definition of YMMV? Your post is utterly confusing :confused:

30 days after approval.

there is plenty of discussion of churning chase credit cards... pretty sure bank of america as well.

there is only 1 post on chase business cards specifically, but i fail to see how you can claim that there is nothing about churning..

just recently there have been a number of posts explaining which cards people get how often... i really dont understand how you are not seeing this stuff on the forums..

search for churn and you will get an inordinate amount of hits.

also, different people do different things. there are not standards. that is what YMMV means. everyone has a system that they have made work for them. you can learn what they do, and then experiment and find what works for YOU.

Thanks.

So, if you are approved on say the 1st, but don't activate your card until the 20th, can you then apply on the 1st of the next month even though only 10 days have elapsed since you activated the card?

Thanks agains.

That's how I do it!

I recommend 60 days after activation but at a minimum of 30 days after activation of card. IMHO

If you would take the time to read the question you would see that I am not asking any of the things that you are stating here. I am not asking how often people get cards. I have read all of the threads you are referring to. Instead of repeatedly stating that I should stop posting in this thread and "do a search" why don't you tell me where the answers to my question are then.

I am asking a very specific question about how the '30 days rule' is implemented so that I can maximize my churning. Please take the time to read my initial question before offering nothing more useful than "do a search." because your unhelpful responses are simply cluttering this thread.

If this has in fact been previously covered, then I apologise for my annoyed tone, but I have not seen any discussion of this topic on FT or elsewhere.

WHen you stated "Some variances will make this ignored." What are the variances that you are referring to?

Many factors like 20 or more years of credit history all perfect, a pattern of accounts over many years accompanied with a low or no debt load and so on and so on. That information took me many years of training and schooling. No offense but I cannot give you a 6 year college degree and 4 years of job specific training and many years of OJT in a paragraph or even a website. sorry :(

If you are young or have any negatives or are relatively limited or have a score under 780 then you will be headed downhill fast. It may even result in horrible credit in the near future and no ability to buy anything significant for many years of no applications. YMMV

Won't a cessation of churning bump one's score back up?