06-18-2013 04:23 PM
Now banks have to judge how much risk you are based on your previous credit history and also TIME. So I have to wait another six months to start a new shopping spree because banks don't know how I will deal with the new credit.
Though I am 100% sure I will never exploit it because I know myslef well and I always make sure I have enough cash in hand before I use the CC, the bank doesn't know this. I hope in the futuere when the technology is advance enough, the bank could just use a machine to test my personality and infer my reliability. So I don't need to wait that long and can get all the cards I want.
06-18-2013 08:32 PM
I think the machine would need something like a credit report to base its decisions on. Just cause you have cash on hand, which is great, does not show your willingness to pay and pay on time.