Assuming you are referring to Chase's 5/24 rule...

5/24 pertains with new credit card accounts. An inquiry (especially one for a CLI on an existing account) is not a new account and has no impact on Chase's 5/24. There are plenty of reasons to minimize HPs, but this is not one of them.

So Citi shut you down but your new strategy is to have 4-5 new cards but use them less often.

Are you getting new Citi cards or are you moving to a new vendor? I presume the latter? What card are you going to get and how do you get 5 of them?

That's good to know. I assumed that any credit card hard pull would count towards my 5/24. Thank you

I'm not going to bother with Citi cards for a very long time. The only useful churning was for AA miles, but the mailer gravy train is over, and 48 months is a long time to wait between 50k-60k bonuses.

I only do ongoing MS with either 3x (discover 12-mo promo), or a stable of 2x cards. There are tons of 2% cards out there. I have two from my local credit unions, Fidelity, Paypal 2%, Pen-fed, and there are a bunch of others available nationwide that I haven't yet bothered with. If I put 10-15k on each at most, it won't be as obvious.

which penfed cc offers 2%? thx

Power cash rewards. You have to open the Access America checking (and keep $500) or have military service to qualify for 2%.

Shutdown by B@rcly
4 accounts - avtr x 2, wydm x 1, jtblu x 1
got greedy... BP multiple times, missed a payment and asked for a waived interest charge.. probably put me on the radar
Was hitting it hard because of anxiety of liquidation options getting pulled
avtr - 40-50K/each x 3 yrs; jtblu x 50K x 2 years, wydm - rarely used
Waiting on the letter for the "specific reason"
Of note.. avtr biz and hawaii biz still active

1) think they will shut my biz account down?
2) people seem to say 6 months rather than lifetime.. any data points?
3) has anyone every gotten them to reconsider?... probably based on my behavior.. I should move on.. but they did make a lot of money off me

Where did you purchase the gift cards?

And were the four purchased all in one transaction?

I purchased two $500 GC's at Walmart along with about $50 in misc. items. The other two $500's were purchased at my local grocery store along with $175 in groceries.

BTW, the representative was not from their fraud department. She did say the name of her department, but I don't recall. It was something like Level 1 Management.

Well....

I guess if Amex could pull level 3 data, why not Citi.

I wonder when the Chase axe will fall :confused:

I'm properly scared now, exactly what I've done in the past few months except my volume is 2k every other month at the most 10k credit line across cards no cycling so I'm very small time...

Missing a payment definitely puts your account on the bank's radar, since your account now becomes a potential liability.

And at this time of financial turbulence, any liability on a bank's financial statement will be scrutinized by the bank's credit department and ultimately by federal regulators.

Missing a payment is a big faux pas. Better to just make the minimum payment on the credit balance and eat the interest payments than put rats eyes on a delinquent account.

Banks will consider account delinquent if a payment is 30+ days past due, and there's no response to a reminder. The issue here is the risk that routine human intervention may lead to their discovery that account is unprofitable.