Credit Update: August 15, 2012

How long has it been?

It’s been pretty quiet on the credit card front for both Joann and me. The last time I applied for cards was back in April. For Joann, March…

What’s the latest for Joann?

Joann applied for the 2 Southwest Airlines credit cards about three weeks ago and was approved with a monster limit on the personal card. We already met the easy spend goal of $1,000 each and are anxiously waiting for our first statement to post so we can see where we stand for getting her the Companion Pass. This will be easy to hit before year end because of Amazon Payments (AP). She’ll use the business card for her AP account and I’ll use the personal for my AP account since I’m an authorized user on that card.

She also applied for the American Express Starwood Preferred Guest credit card last week and wasn’t instantly approved. A few days later, we checked the status of her application on this web page and found out that she was approved! We still don’t have the card yet but $5,000 spend in six months won’t be difficult at all with good old Amazon Payments once again. This 30,000 Starpoints offer is only for a limited time and will expire on September 4, 2012.

American Express also sent Joann an official FICO score that they pulled from Experian. I like that about their application process. They always include a credit score; it’s nice to know every once in a while. Even with all the credit cards we apply for, she still has a credit score of 718.

Good score! Keep on churnin’!

What’s the latest for Mike?

Even though I’m past the magical 90 days since my last inquiries, I’m sitting on the sidelines until I can hash out a decent plan. I’m pretty flush on cards from both American Express and Chase. I’m definitely looking at cards like the Citi Hilton HHonors ReserveChase Hyatt, and Barclay’s US Airways Mastercard.

The Citi is attractive mostly because I don’t have many Citi cards.. Hilton seems like a decent program because there are so many promos to make Gold elite status for free and that earns you complimentary  Internet and breakfast (that I just used the other day). And the more points I earn in the Hilton program, the longer we can stay at the Conrad Maldives Rangali Island next year!

I’ve been eyeing the Chase Hyatt for a while because Hyatt has some nice properties in major destinations – Park Hyatt Tokyo, Park Hyatt Mendoza, Park Hyatt Paris-Vendome. Get the idea? Mostly opulent Park Hyatts. I definitely want to apply for the card while I’m still Platinum because along with the two free nights, Platinum members will also receive two suite upgrades. So if you decide you want to apply for this card, make sure you somehow get yourself at least Platinum status.

Amara Spa – Park Hyatt Dubai

Lastly, I could use another US Airways card. This card is churnable and people have had success in churning the card every three months. I got mine in November 2011 so it should be fairly easy and a ‘free’ credit inquiry since  TransUnion is the forgotten credit bureau. The big guys like Amex and Chase always pull Experian for me so throwing in a card that pulls from TransUnion is almost like a freebie when applying for multiple cards in a day.

What does it all mean?

I just wanted to give everyone an update on our credit game. Since we closed on our mortgage last year and we don’t have any loans to apply for right now, we are free to apply for credit cards at will and rack up the points & miles! We are in this game for the long haul just like the rest of you so these updates are just to make sure everything is in order and goals are still in sight.

What’s up next for everyone else? Let me know your credit card plans in the comments!

2 Comments Credit Update: August 15, 2012

  1. AKold

    I last got a card in April (Chase United MileagePlus Explorer for an instant 55K United miles), but that was it. I have a shorter credit history, so I can’t churn as much as others.

    I have my eyes on the Chase Ink Bold or Plus, not sure which one to apply for, but I can easily do $10K since it’s a Visa and I will have a couple of reimbursable expenses soon. I’ll have a harder time with the SPG Amex.

    1. the hustle blog

      Smart move to keep it pretty conservative until you build your history.

      As for the SPG Amex, $5 in 6 months shouldn’t be too hard if you’re familiar with Amazon Payments.

      Thanks for the comment… and nice blog!

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