Vattené wrote:JonE wrote:Finally put Walmart out of its misery and closed it today. $400 limit wasn't growing with me and I like Target better. With the cards I have I should be fine. CareCredit is next on the hit list.
That's awesome! It clearly wasn't doing anything for you, so you might as well trim the useless crap and focus on credit products that are actually beneficial to you. On to bigger and better
Regarding Chase, I can't say I'd blame them at all. It is an objective measure to try to weed out the more risky applicants. I would suspect it's meant more to eliminate the people desperately searching for credit (for credit purposes, not reward purposes), and the small amount of churners that get cut off will only amount to a side benefit for Chase's profitability. I have nothing against churners either, but no reasonable person could deny why a lender wouldn't care to have them as a customer. The entitled credit addicts whining about it hurting Chase simply can't recognize how small a minority we are.
I think the addicts will just have to accept what the reality is becoming: everyone is just going to have to be more selective in what cards they apply for if they want a future Chase card so they won't have more than 5 in 24. It is what it is.