My Latest Credit Card Haul

Last month was my next scheduled round of credit card applications. I’m not as aggressive as others in this space. They seem to apply for a few credit cards every 90+ days. I’m a little “conservative” in comparison because I apply us (Joann & me) for credit cards every 6 months.

This time, I applied for 6 credit cards. That number is sometimes a little lower. It just depends on how many cards I currently have with the issuing bank and how old they are. I play it by ear.

june 2013 credit cards

Here are the cards from my latest round:

  • American Express Business Gold
  • American Express Platinum Delta SkyMiles Business
  • CitiBusiness AAdvantage World MasterCard
  • Citi AAdvantage Select Visa
  • Chase Hyatt
  • Chase Ink Bold

amex-gold

American Express Business Gold

I wish I had applied for this card when it was a limited time 75,000 bonus, but the timing wasn’t right.

Remember that. You dictate when you apply for credit cards, not the offer!

Reason for applying: Good bonus offer. No other American Express cards appealed to me. I’ve already had other AmEx cards in the past 2 years so my choices were limited. Membership Rewards points are always nice to have and are very flexible.

Bonus Points: 50,000 Membership Rewards points
Spend Needed: $5,000 in 3 months
Annual Fee: $175, waived for the first year
Approved? Yes!

amex-delta

American Express Platinum Delta SkyMiles Business

I can’t say that I’m a fan of Delta or their mileage program, but it was a pretty good offer. If you know how to use SkyMiles, they can be pretty lucrative (as long as you don’t want to fly First Class – their program doesn’t allow it).

Reason for applying: Good bonus offer. Again, my choices for American Express cards were pretty slim. Living near a Delta hub (JFK), I can easily make use of these miles.

Bonus Points: 55,000 Delta SkyMiles (20,000 of which were Medallion Qualifying Miles)
Spend Needed: $5,000 in 3 months
Annual Fee: $150
Approved? Yes!

citi-aa-biz

CitiBusiness AAdvantage World MasterCard

It’s been a while since I had these cards (over 2 years) so I decided to give a real churn another try.

Reason for applying: Good bonus offer. AA miles are important for Joann and me because they are great to use for premium First Class like Cathay Pacific.

Bonus Points: 40,000 American Airlines AAdvantage miles
Spend Needed: $3,000 in 3 months
Annual Fee: $95, waived for the first year
Approved? Yes!

citi-aa

Citi AAdvantage Select Visa

Funny enough, I received a targeted email from American Airlines the day after applying for this card. It offered 50k AA miles instead of the 40k I had applied for. No worries, a secure message to Citi once my account was established online and they were prompt to credit me the extra 10k miles!

Reason for applying: Same as the last card.

Bonus Points: 40,000 American Airlines AAdvantage miles (+10,000 miles from Citi matching a targeted offer)
Spend Needed: $3,000 in 3 months
Annual Fee: $95, waived for the first year
Approved? Yes!

chase-hyatt

Chase Hyatt Visa

Chase, the bank with the best bonus offer in my opinion. We have a trip to London next year so we’ll likely use the 2 free nights at the Park Hyatt Vendome in Paris.

Reason for applying: Valuable bonus in expensive Park Hyatts (Paris, Maldives, Sydney, Tokyo). Chip & Signature technology, which is handy in Europe. Free night in a category 1-4 hotel every cardmember anniversary.

Bonus: 2 Free Nights in any Hyatt + $100 statement credit
Spend Needed: $1,000 in 3 months
Annual Fee: $75
Approved? Yes!

chase-ink

Chase Ink Bold

This was a limited time offer that lined up with my schedule of applications. I knew it would be a tough proposition since I’ve had several Chase cards in the past year and another Ink (Plus) card just 6 months ago.

I probably should have applied for the Ink Plus card which is a normal credit card vs. the Bold which is a charge card with No Preset Spend Limit. With the Plus, at least I could ask Chase to move some credit around if they weren’t willing to extend me any new credit.

Reason for applying: Best offer on an Ink card since its inception.

Bonus Points: 60,000 Ultimate Rewards points
Spend Needed: $5,000 in 3 months
Annual Fee: $95, waived for the first year
Approved? NO 🙁

Conclusion

Well, 5 out of 6 ain’t bad! The Chase Ink card decline was a bummer and I even called the reconsideration line, but no dice.

People always ask me when they should apply for cards and how many to do at once. I can only say to do what’s comfortable to you. If you have any big loans coming up, I’d say to chill out and do nothing with your credit. Although it’s possible to get a great loan while churning credit cards, be cautious about it because big loans are a lot more valuable than miles & points.

At the very least, I always say that a card every 6 months is a great start for beginners!

Well, here is the total haul!

Total possible bonuses: 195,000 miles/points + 2 Hyatt free nights

Total spend needed:  $17,000 in 3 months

It may seem like a lot of spend but it’s been a month since applying and I’ve only got about $3,000 in spend left to go! Thanks, Bluebird & Vanilla Reload!

 

3 Comments My Latest Credit Card Haul

  1. Ray

    It’s been a while since I had these cards (over 2 years) so I decided to give a real churn another try.

    When you mention that you ‘had’ these cards, the CitiBusiness AAdvantage World Master Card, do you mean you had cancelled them previously and now you are reapplying? That is the part that confuses me. I would like to pursue a few more CCs, but not sure about all the yearly renewals, benefits after the bonus points or rewards are used up, etc. Any help would be greatly appreciated. thanks.

    1. The #hustle Blog

      Hi Ray,

      Regarding the actual churning of credit cards, which typically means getting another bonus of a card you’ve had in the past, you are correct in your assumption.

      There is no hard rule with citi for when you are eligible for a bonus that over received in the past. There is discussion on the forums but I just have 2 years as a good buffer for churnable cards.

      If you have any other questions, please let me know!

      P. S. Thanks for the email. I don’t recall ever seeing a notification for your comment!

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