@Anonymous wrote:
@kdm31091 wrote:
@blindambition wrote:
@kdm31091 wrote:
I haven't seen any concrete data about the Amazon card but every other Chase card has been put under 5/24. I doubt they would exclude only one card at this point. So I would assume it's under 5/24.
I tend to agree with this. Although, Amazon wields a huge sword. Mr. Bezos may not appreciate customers not getting credit with a lil rule like 5/24.
As has been debated many times on this forum whenever 5/24 is discussed, I think generally it impacts far fewer general consumers than we act like it does. Most people do not apply for many cards, and those who do have been obviously judged by Chase to be unprofitable. If Chase presented their analysts on this to the various cobrand partners, I doubt the partners would argue, and ultimately Chase is the one who backs the card.
Most people who want an Amazon card in the general population won't be excluded for 5/24. Yes it sucks for us who chase after rewards but we aren't the ideal customer and we are largely unprofitable so I doubt Chase or Amazon cares.
Very well said. 5 credit cards in a span of 2 years is very unlikely for your "average" consumer. Most people I know that aren't "into" credit cards barely have 1-2 cards overall, let alone 5 in 2 years lol.
Exactly. While we around here hate 5/24, the average consumer isn't going to notice or care, and Chase is weeding out the segment it wishes to weed out, whether we agree or not. They didn't become a huge bank by making poor decisions!
I can't say I know anyone outside of the "credit world" who even has more than 5 cards total let alone opened that many within 24 months!
