Personal Observation Approval Performance

[FLLGuy]

Over the years I've remembered the fico community always buzzing with approvals just the heavy shear movement of activity across CC approvals, mortgages, and autos.  I guess it's a sign of the times looking at the current economical conditions it's not surprising most are holding from borrowing.  For some, we're definitely in unfamiliar territory while some older in age may have seen this movie before.  I guess most are listening and holding from spending let's see what 2023 brings, forecast on lower interest rates will be one everyone is anticipating thought it's expected to go beyond 2023 and keeping the watch, waiting to spring out of their boroughs and snatch a great deal, I know I will. 

Just an obvious observation you're more than welcomed to comment and contribute.

[ptatohed]

What are you basing your observations on?  Consumer spending is still high.  The labor force is strong.  Borrowing may be on the decline but that is to be expected with higher interest rates.  I haven't noticed a decrease in CC approvals around here.  

[Pway]

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@FLLGuy wrote:

Over the years I've remembered the fico community always buzzing with approvals just the heavy shear movement of activity across CC approvals, mortgages, and autos.  I guess it's a sign of the times looking at the current economical conditions it's not surprising most are holding from borrowing.  For some, we're definitely in unfamiliar territory while some older in age may have seen this movie before.  I guess most are listening and holding from spending let's see what 2023 brings, forecast on lower interest rates will be one everyone is anticipating thought it's expected to go beyond 2023 and keeping the watch, waiting to spring out of their boroughs and snatch a great deal, I know I will. 

Just an obvious observation you're more than welcomed to comment and contribute.

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I can agree. When I joined the forums years ago the traffic was much more.  I can see that the forums have decreased in volume based upon the different threads in the sections.

[iced]

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@FLLGuy wrote:

Over the years I've remembered the fico community always buzzing with approvals just the heavy shear movement of activity across CC approvals, mortgages, and autos.  I guess it's a sign of the times looking at the current economical conditions it's not surprising most are holding from borrowing.  For some, we're definitely in unfamiliar territory while some older in age may have seen this movie before.  I guess most are listening and holding from spending let's see what 2023 brings, forecast on lower interest rates will be one everyone is anticipating thought it's expected to go beyond 2023 and keeping the watch, waiting to spring out of their boroughs and snatch a great deal, I know I will. 

Just an obvious observation you're more than welcomed to comment and contribute.

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I can't stress this enough, but this forum is not even remotely close to representative of the larger society. The only thing I'd put any weight on post frequency around here is regarding activity in the churning circles. That is, I'd argue that traffic is down recently because there's fewer recent offerings that get churners excited.

Around the time I stopped lurking and started posting, there was a lot of new offerings: Chase was releasing the Sapphire Reserve, American Express was revamping its charge card rewards, and some other banks were expanding/changing up their partners or reward structures. Fast forward to today, and there's ... not really anything. The Apple and X1 are the last two cards I've seen generate much buzz, and those were sad and tame in comparison to the ones I mentioned from several years ago.

[wasCB14]

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@iced wrote:

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@FLLGuy wrote:

Over the years I've remembered the fico community always buzzing with approvals just the heavy shear movement of activity across CC approvals, mortgages, and autos.  I guess it's a sign of the times looking at the current economical conditions it's not surprising most are holding from borrowing.  For some, we're definitely in unfamiliar territory while some older in age may have seen this movie before.  I guess most are listening and holding from spending let's see what 2023 brings, forecast on lower interest rates will be one everyone is anticipating thought it's expected to go beyond 2023 and keeping the watch, waiting to spring out of their boroughs and snatch a great deal, I know I will. 

Just an obvious observation you're more than welcomed to comment and contribute.

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I can't stress this enough, but this forum is not even remotely close to representative of the larger society. The only thing I'd put any weight on post frequency around here is regarding activity in the churning circles. That is, I'd argue that traffic is down recently because there's fewer recent offerings that get churners excited.

Around the time I stopped lurking and started posting, there was a lot of new offerings: Chase was releasing the Sapphire Reserve, American Express was revamping its charge card rewards, and some other banks were expanding/changing up their partners or reward structures. Fast forward to today, and there's ... not really anything. The Apple and X1 are the last two cards I've seen generate much buzz, and those were sad and tame in comparison to the ones I mentioned from several years ago.

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Certainly for me it's due to "the game" being less worthwhile to play. 5/24-type restrictions, SUB eligiblity restrictions, lack of MS opportunities, limited award redemption values/spaces, and AF card values increasingly relying on complicated credits that require micromanagment.