kdm31091 wrote:Either way, when AA happens, it's the fault of the customer, not the issuer. The forum (MF) is quick to blame the issuer: "omg so sorry Barclay did this to you this is why I cut all ties!"...but it's the person's fault for racking up a ton of inquiries/huge util/BTs with low payments/etc. Many of them just have a very twisted sense of what credit card companies are. They are not people with feelings. They don't "like" you. They definitely dislike risky activity, like lots of new accounts, constant BTs and shuffling debt around etc. While BTs can be a useful tool, they aren't meant as a crutch to avoid ultimately paying for things by shuffling the debt around all the time, so no wonder Barclay gets nervous. I think it comes down to a lot of the myfico people buy into the card hype, get a dozen cards, get in over their heads in debt from chasing rewards, and don't want to come out and say that, so they just casually mention a BT and the resulting AA. Unfortunately, nobody on there wants to take ANY personal responsibility. Instead it's the big mean issuer's fault.
That's not to say I love every issuer in terms of their policies and how they do things -- Chase will never lower a customer's APR, etc. But bottom line, they all have their own policies, risk tolerance, etc and we are using their products and reaping rewards from them so we have to therefore abide by what their policies are. If you don't like it, don't use them, that's all. It's not as personal as they act like it is.
Not AA related but I love how someone posted about "helping" their friend get an arrival+, and promptly whining that the friend wants to redeem for non travel (which effectively creates an $89 AF 1% cash back card). If you were really trying to "help" you friend with your "expert" reward advice that was an epic fail.
I would say isn't why they do "AA" credit 101, but as you said before it's the first thing that leaves the building over there I guess.
At lest I know what it is now instead of thinking it meant the issuer closing the account. I don't get why they think it's personal, a risk model ran by computer software is what makes most of the choices now so it's not like someone is sitting there going "I don't like X because he didn't invite me over so I am going to screw with them and close there account.".
No it's computer sees 20 new accounts in less than 6 months and thinks maybe this person is about to default so we need to protect ourselves because that isn't even close to what a normal customer does. (I know it's more complex than that and I am sure every bank has there own model depending on what kind of customer profile they want but the point is there is nothing personal in it at all.)
I don't advice people to get travel/point cards, I only have ever suggested cash back cards as that is normally easiest and also protects against the idea of over spending to get more points to take a trip or what ever.