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Just curious to know if anyone experienced Comenity AA who had not opened any new Comenity accounts recently (i.e., last 2 months).
One theme that taxi correctly identified that seems to be emerging is that it has been happening when a person newly opens a card within a month or two, and may also include older accounts - but the key piece seems to be a newly opened Comenity account somewhere within the framework. Other factors are at play, certainly, but this may be helpful for people to know.
My accounts are fine as of today but I think it helps for us all to identify and report trends.
EB/2yrs VS/7mos JCrew/7mos SGV /1mo = no AA
Data points are often helpful to the myfico community. Although individual people have posted a bit about their Comenity closures, I think after talking with other community members that it would be helpful to us all to have a comprehensive data points thread. Sharing is entirely optional and please only share what you may feel comfortable sharing.
It may be helpful for people who have had their Comenity cards closed to post:
1) Total number of Comenity cards closed and total CL's with Comenity (total exposure)
2) Number of cards that were opened recently (last 2 months)
3) Any recent changes in credit report (higher utilization, etc.)
4) EQ score if you are willing to share
5) Number of EQ inquiries if you are willing to share
6) Cards obtained via SCT or regular method
7) Your Comenity card utilization if willing to share
8) Some members have reported one Comenity Visa being closed while other Comenity Visas were left open. Please share if you experienced this type of selective shutdown.
Any other relevant data is welcome. While there are many reasons for closures, this may help us have a road map relative to the recent closures. Thanks everyone!
I only have one Comenity card - the Orbitz Visa, and it hasn't been shut down. But it has a relatively low CL (in fact it is now my lowest limit card). I have one inquiry this year (April), all other (4) inquiries are over a year old.
I do think though that in this thread, you should think about inquiries over at least the last 6 months (as opposed to 2), and possibly a year. Also, I'd hope the number of cards open should include Comenity and non-Comenity alike.
@yfan wrote:I only have one Comenity card - the Orbitz Visa, and it hasn't been shut down. But it has a relatively low CL (in fact it is now my lowest limit card). I have one inquiry this year (April), all other (4) inquiries are over a year old.
I do think though that in this thread, you should think about inquiries over at least the last 6 months (as opposed to 2), and possibly a year. Also, I'd hope the number of cards open should include Comenity and non-Comenity alike.
Yes, I would inclide all inqs on the report (so last two years) as well as some definition of "recent" maybe two months, maybe 6.
But.... this sort of data trawl often isn't that useful, as we don't know what factors really go into the decision, and can lead people to have either a false sense of securiy or a false sense that the axe is about to fall.
@Anonymous wrote:
@yfan wrote:I only have one Comenity card - the Orbitz Visa, and it hasn't been shut down. But it has a relatively low CL (in fact it is now my lowest limit card). I have one inquiry this year (April), all other (4) inquiries are over a year old.
I do think though that in this thread, you should think about inquiries over at least the last 6 months (as opposed to 2), and possibly a year. Also, I'd hope the number of cards open should include Comenity and non-Comenity alike.
Yes, I would inclide all inqs on the report (so last two years) as well as some definition of "recent" maybe two months, maybe 6.
But.... this sort of data trawl often isn't that useful, as we don't know what factors really go into the decision, and can lead people to have either a false sense of securiy or a false sense that the axe is about to fall.
Agree. There are bound to be individuals who will likely be unaffected and business carries on and this type of reverse engineering proves nothing in the end (MF is only a tiny fraction in the vast ocean of all Comenity accounts and AA). Plus, only Comenity knows the actual AA/review process and for individuals who are not impacted (given similar stats or other statistical information) really doesn't yield the smoking gun. For others, it's already too late.
Sorry, naysayers ( and I see some of you above who are naysayers in a lot of posts here, but I and others find this kind of info very useful. We're here to share info, and no one is claiming it is going to tell the whole story. It'll be really helpful to see.