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  1. Good article Mark and timely.

    Your thoughts similar to the conconclusions I came to reading the forums. I think I will pass on the Merrill + for my family apps giving the reportings and do the new Travel Rewards cards plus one other for everyone.

    The one thing I thought was different is that FM and others have 5 cards, though some have problem at 4.

    I plan to have data points for applying for 2 new cards with 3 existing cards 🙂

    • Thanks! I know some have been able to keep 5 cards if they previously had them open but I am not sure anyone has been approved for a 5th one since this went into effect. I think even if he had 4 open he would have been denied but I am not 100% on that.

  2. Yes. Good info. BofA is really tightening up on handing out cards. I’ve been churning for 10 years and my recent app for the ML+ resulted in my FIRST ever ultimate denial. Only have 2 cards with them currently, but closing an Amtrak and one other card in anticipation of this app not only didn’t help, it looks like that was the deciding factor in the denial: recently closed accounts with them. So it’s not only the number of current accounts you have with them, it’s also how many you’ve recently closed. The big question is what they determine to be “recent”. I only waited a couple of months after closing those before applying so definitely waiting longer on that probably would have helped. 6 months? Whatever it is, I’m not attempting any BofA card for at least that long now. Will be looking for more DP’s…

    • I think the ML+ card also gets a lot more scrutiny then their other cards. I applied for the Virgin Atlantic card 5 months after the ML denial and got an instant approval. I also got a business card from them a month after the ML denial. So business cards may be an option for you before the 6 months is up. I do think they are punishing people that routinely close cards from them. I will probably pay the AF on my current Alaska card and use the companion pass that comes with it because of this.

      • Yes, I agree. It’s the darn phone app and manual review that makes the ML+ a lot tougher for churners like us. I usually stay away from phone apps but there’s no other way with this one unfortunately right now. Now I hate phone apps even more. But yeah, I wouldn’t be surprised if I could get another Amtrak or Alaska without too much trouble as long as I can keep those prying human eyes off things.

        • Haha yes I hate phone apps! I was lucky enough to be able to do it online before they shut that down and it still didn’t help me lol

  3. How important is not closing cards opened less than 12 months ago do you think? I was surprised to be denied for the Asiana card a few weeks ago. Reconsideration said I had enough credit with BOA, and I really couldn’t disagree.

    • I think it is something to try to stick by but if you need to close one every now and then around 8-9 months etc. I don’t think it is the end of the world.


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