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Message: <blockquote data-quote="Telezacski" data-source="post: 2358054" data-attributes="member: 82781">I’m new to the forum but not new to banking and I look at credit reports daily.Reading the thread some of the old CRA rules are thought to be applied but their are changes as noted under new current credit reporting.An application will stay on your credit file for five years as noted above. If the card is opened it will stay until closed, they don’t drop off.Once closed they stay for the minimum reporting period of two years so all banks see two years of history on your payments.Banks are required to report monthly but I’ve seen as much as a two month lag I.e reporting on January now.What you see on a free report is not the same as what we see, that’s not to say it isn’t a good service, it’s just not the same.Banks use automated credit reporting so as noted above they can easily tweak the algorithm to cut out churners if they wanted.IMO where this discussion goes from black and white to very grey (and this has been touched on) is in quality of application and what you are applying for. I have seen applications auto decline for home loans due to volume of enquiries, most banks algorithms set a limit at number of credit enquiries per annum and whilst manual assessment can still over ride this, it requires extra steps.So churning may not effect credit card applications but may effect other credit.How limits are applied in servicing has also changed from 3% of the limit per month ($300on a $10k card) to 45% of the limit divided by $12 ($375 on $10k).So churn away but my general recommendation is to know how and when to prepare for other applications</blockquote>

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