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cause your in this forum full of credit nerds, point/bonus/limit chasers =p
some people won't ever understand..... like my friends go WHY DO YOU NEED 55k credit limits? Cause it makes my Fico utility happy + just nice to see how much banks trust me
Life sometimes makes it hard. Purchasing a new house? So, now I need a Lowes or maybe a furniture card. Also, the sheer joy of receiving an approval on one card MAKES you think about your portfolio or new offers that tempt you.
I am gardening now so I can reach mid- 700 on all bureaus by January.
There's no blanket answer here. There are a ton of reasons why people step out of the garden:
1 They're impulsive
2 A good cc incentive pops up
3 They see someone with a similar credit profile just got approved
4 They don't care as much about the garden as they once did
5 They're done and ready to step out
6 As said above, they moved, got a car, etc. and they're applying for a related credit card
7 It's their choice!
it's just fun for some people, for instance people who already bought a house, cars and no big shopping left for a few years, they can app for anything and everything and not worry about their credit loss. If you have the ability ot hit 800+ you can app for anything you want you won't drop below 760. There's reward chaser couples who can take 20k+ per person each year in reward bonuses (it's been done, with loop holes) but realistically $5,000 in rewards a year is not too unheard of if that's all your doing is chasing points. so just a game for some people.
exhibit A from 1 year of cards
I find coming on these forums can tempt me to apply for new cards that I do not need. I see cards that I didn't even think or know about and im like I MUST HAVE THIS CARD NOW!! I really need to have therapy Anyway, glad there are others with the same problem, now I don't feel so alone in the world lol.
@distantarray wrote:it's just fun for some people, for instance people who already bought a house, cars and no big shopping left for a few years, they can app for anything and everything and not worry about their credit loss. If you have the ability ot hit 800+ you can app for anything you want you won't drop below 760. There's reward chaser couples who can take 20k+ per person each year in reward bonuses (it's been done, with loop holes) but realistically $5,000 in rewards a year is not too unheard of if that's all your doing is chasing points. so just a game for some people.
Yep, the flyertalk forum shows examples like this. These are experienced people with lots of credit history, who think nothing of cancelling a bunch of cards so that they can reapply for the same cards (to get new bonuses) in 3-18 months (depending on the issuer). As distantarray say, most of the time this works fine, as these type of profiles are impacted less by apping.