@Anonymous wrote:
@CreditCuriousity wrote:
Still wonder if this is mainly for their cards or co-branded cards as well.. Need more data still....Have all their cards I want now, it is the co-branded ones I would like in the future!
Not sure why there would be any confusion on this point still. There are TONS of data points about this new policy on other sites and the irreversible decision has been for their cards - Freedom, CSP, Ink and apparently now Slate. I heard someone mention Slate earlier but I hadn't seen someone mention a denial for "too many new accounts in the last 2 years" reason with that card in particular until On_My116's post.
If this is a churning issue like many of us believe, then I don't get why Slate would be a problem. Maybe it was just easier to program those automatic denials on all their own CC products instead of creating an exception.
I think you'll be good to go with with co-branded cards with more open accounts than their current limit of 5. Standard denial reasons still apply for them of course, but at least you'll have a potentially winnable recon with them.
I just like bigger sample sizes is all... I don't really do other forums, so haven't really read up anything other than here.. I agree I tend to believe they are more strict with their own cards vs. co-branded cards as in that case they are out the bonuses the partners are if they are churned. Also I agree with imperfectfuture post about closing cards as well, but I have indeed closed accounts in the last two years as they were rebuider accounts thus not needed anymore so no real bonuses on them aka Credit One, Merrick and a few others so I can't really help that and can explain those away. Just like making sure before diving into anything down the road is all as MyFico is such a small sample size of the population in general, granted people on this forum and other forums you mention as a very small population and apply for more card in a year than alot of people do in a lifetime.
