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3 Comenity Bank Store Cards Closed with 3 days of opening???

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Valued Contributor

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???

My minority opinion:

— Avoid store cards

— Avoid Comenity and Synchrony

— Don’t do app aprees.

 

Many forum members will hate this advice.

Chase Sapphire Reserve • PenFed Power Cash Rewards • and five cards in the sock drawer

No CC debt • No bonus chasing • No app sprees • No gift cards • No AZEO • No airline incidentals • No hotel cards • No store cards • No business cards • No authorized users
Message 21 of 35
Super Contributor

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???


@Remedios wrote:

This is not specific to just the store cards or Comenity,  some major lenders may do the same thing if there are too many apps in too short period of time. 

 


Agreed. In the credit world in general, things have changed which make advice you may have read before (or still read now) dated. App sprees, however small they may be, are rarely a good idea anymore with any bank. Banks have caught on to this behavior and don't react kindly to it. We've seen it from anyone from BOA ("approved in error" letters) to Comenity ("inquiries" letters) to Chase (old accounts shut down after too many new apps).

 

The best advice IMO has always been to take things slow and steady with credit, and that is definitely even more true in the current landscape.  Remember that the average consumer isn't opening 3 cards in a day, a week, a month, or probably even a year or several years! So 3 in a very short period makes you stand out, and not in a good way.

Message 22 of 35
Established Contributor

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???


Super Contributor


The best advice IMO has always been to take things slow and steady with credit, and that is definitely even more true in the current landscape.  Remember that the average consumer isn't opening 3 cards in a day, a week, a month, or probably even a year or several years! So 3 in a very short period makes you stand out, and not in a good way.

+ 100

FNBO 2% Cashback Visa (20k) / Bank of the West Cashback MC (20k)
US-Bank Cash+ (15k) / FNBO Travel Elite (15k) / Citi Double Cash (18k)
Ficos : 840 / AAoA : 9 yrs / AoOA : 23 Yrs / AoYA : 3
Message 23 of 35
Established Member

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???

Yes i totally understand that it was risky and take it slow and so forth. My question in my post was if i should be concerned with my old accounts closing and if i should go ahead and close my relationship with Comenity since i was obv flagged.

Thank you all
Message 24 of 35
Super Contributor

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???


@cheezit99 wrote:
Yes i totally understand that it was risky and take it slow and so forth. My question in my post was if i should be concerned with my old accounts closing and if i should go ahead and close my relationship with Comenity since i was obv flagged.

Thank you all

Nobody can tell you the answer to this because we aren’t privy to Comenity’s policies or your credit profile. 



01/2019:
1/2020:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 25 of 35
Community Leader
Mega Contributor

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???

If I had to guess, I'd say your old accounts will probably be ok, just lay low for a while. 

Message 26 of 35
Established Member

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???

lay low by not using or not applying for anything including increases? 

Message 27 of 35
Super Contributor

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???

No apps. PIF. 



01/2019:
1/2020:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 28 of 35
Community Leader
Mega Contributor

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???


@cheezit99 wrote:

lay low by not using or not applying for anything including increases? 


No apps with any issuers and no CLI requests from Comenity for a while 

 

It will pass 

Message 29 of 35
Moderator

Re: 3 Comenity Bank Store Cards Closed with 3 days of opening???


@cheezit99 wrote:

lay low by not using or not applying for anything including increases? 


I would suggest, just refrain from any additional applications for a while, a long while.  Don't submit any [Comenity] CLI requests for at least 60 days.  You can use your cards normally, since as @Remedios mentioned above, your other Comenity accounts should be fine.  Just fly below the radar and ensure not to let your scores deteriorate or your utilization go high. 

Message 30 of 35
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