The phrase references a specific policy enacted by a prominent financial institution limiting credit card approvals based on the number of recently opened accounts. The policy generally restricts approval to individuals who have opened fewer than five credit card accounts across all banks within the preceding 24 months. Discussions surrounding this policy often focus on identifying potential loopholes or strategies that may allow individuals to bypass its limitations and successfully obtain new credit cards from the institution.
Understanding the parameters of this policy is important for individuals strategically planning their credit card applications to maximize rewards and benefits. Knowledge of possible exceptions allows consumers to optimize their credit acquisition strategy. Discussions on online platforms often provide anecdotal evidence and user-reported data points, contributing to a collective understanding of the policy’s nuances and potential workarounds. Analyzing these shared experiences can inform individual strategies.
