Chase AA

[JSS3]

Yes, he has other bills/responsibilities.

Yes, the AA was completely justified. 

[Anonymous]

---

@SouthJamaica wrote:

---

@bourgogne wrote:

---

@Anonymous wrote:
What do you mean by Chase likes clean and doesn't like games?

---

25 cards is a game, plain and simple.  16/56 debt to income.  everything in credit is risk.  you know all this, I think we all do.  not judging but collecting cards or credit limits seem a bit boring to me vs getting some actual utility out of the situation.  again just my .02. 

---

You say that the OP's brother was playing a game by having 25 credit cards, and that it's boring, and that he wasn't getting utility out of the cards... but you're not judging?

---

Well, of course.   One of those statements: "I'm not a racist, but", "I'm not judging", "I'm not one to give advice but"  that is almost always followed by a statement contradicting the assertion.    

But that's ok, presumably no-one really cares if anonymous user bourgogne  is judging the subject of a post by another anonymous user, as it has no real impact.

But I think from time to time it IS worth reminding people that the credit card collections of many on this forum are highly atypical, and therefore can attract undesired attention from an issuer.

[ecxpa]

just curious.........does he have maxed out CC's from other lenders since it seems he has a lot of credit card  debt............what about his other debt and overall debt to income ratio

[JSS3]

---

@ecxpa wrote:

just curious.........does he have maxed out CC's from other lenders since it seems he has a lot of credit card  debt............what about his other debt and overall debt to income ratio

---

8 cards carry balances. Individual utilization = 11%, 13%, 20% 25%, 26%, 27%, 31%, 55%,

[AverageJoesCredit]

---

@bourgogne wrote:

---

@Anonymous wrote:
What do you mean by Chase likes clean and doesn't like games?

---

25 cards is a game, plain and simple.  16/56 debt to income.  everything in credit is risk.  you know all this, I think we all do.  not judging but collecting cards or credit limits seem a bit boring to me vs getting some actual utility out of the situation.  again just my .02. 

---

I agree alot with which you speak but not everyone with 25 credit cards is playing a game. At one point i had 24 cards, am now reducing, but this just became part of my rebuild. Sure its alot of cards but just want to point out not all of us do it as a game. I did not. 

[AverageJoesCredit]

---

@Anonymous wrote:

This is starting to make a little more sense to me.  Remember, Chase can see the entire report.  They're concern doesn't end with only their accounts.  They can track credit limits, balances, monthly balance changes(payments vs new charges), inquiries, new accounts. They see everything you can see on myFICO, actually even more.  

$16k debt

$160k TCL

$56k income

25 cards

Recently seeking more credit

I mean, could be a lot worse, but you can't claim they had no cause for concern.  

Did he have any other debt?  House? Car? Or other non-revolving accounts?  

I'm sorry that this happened to him.  Has to really suck after the holidays.  

---

I think anytime we have debt a bank can be concerned. Ive learned alot on my rebuild here and  im learning to slow the roll if i can help it at all

[Anonymous]

---

@AverageJoesCredit wrote:

---

@bourgogne wrote:

---

@Anonymous wrote:
What do you mean by Chase likes clean and doesn't like games?

---

25 cards is a game, plain and simple.  16/56 debt to income.  everything in credit is risk.  you know all this, I think we all do.  not judging but collecting cards or credit limits seem a bit boring to me vs getting some actual utility out of the situation.  again just my .02. 

---

I agree alot with which you speak but not everyone with 25 credit cards is playing a game. At one point i had 24 cards, am now reducing, but this just became part of my rebuild. Sure its alot of cards but just want to point out not all of us do it as a game. I did not. 

---

I think it all depends on what you mean by "game"!   Taking the issuer's viewpoint, I want you to have one of my credit cards in the expectation that you will put a large fraction of your spend on it (and hopefully not all in the highest reward category and if from time to time you pay interest, even better).

From that viewpoint, having 25 ccs is clearly undesirable.    Now from your viewpoint, having lots of cards may help pad utilization, eventually increase AAoA,  allow easy use of AZEO etc, so it makes sense to you, but if I view all this as "an attempt to artificially increase your credit score", then it is a game which I might not like, in much the same way as MS makes sense to the individual but not to the issuer.

[bourgogne]

---

@Anonymous wrote:

This is starting to make a little more sense to me.  Remember, Chase can see the entire report.  They're concern doesn't end with only their accounts.  They can track credit limits, balances, monthly balance changes(payments vs new charges), inquiries, new accounts. They see everything you can see on myFICO, actually even more.  

$16k debt

$160k TCL

$56k income

25 cards

Recently seeking more credit

I mean, could be a lot worse, but you can't claim they had no cause for concern.  

Did he have any other debt?  House? Car? Or other non-revolving accounts?  

I'm sorry that this happened to him.  Has to really suck after the holidays.  

---

^ is a nice way of what was going through my head, this exactly.  I am not judging 25 or however many cards one has but my opinion is that its excessive and that nobody can find utility in that many accounts and it then becomes a game.  hate to always compare films to life but I live in the area lol, here is a great scene from margin call where  1+1 dont = 2 anymore.  https://www.youtube.com/watch?v=Hhy7JUinlu0