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As I’ve written about quite a bit before, the #1 way that I get so many miles and points is through credit card signup bonuses. I do try to earn points in a variety of manners, but there are few ways to earn 50,000 to 75,000 points or more with a small amount of effort!
(SEE ALSO: My first “churn”)
It’s why I don’t stress about figuring out category bonuses or which card to put every day spend on – I like to say that if you’re spending money where you’re not meeting a signup bonus, it’s time to apply for more cards!!!
Now, the one thing I DO recommend before signing up for a ton of credit cards is that you go slow, understand what you’re doing, and only go as fast as you are comfortable with. Don’t sign up for a credit card just because some guy on the Internet says you should!!!
(SEE ALSO: Beginner’s Guide (Start HERE!))
Results from my last credit card churn
Let’s start off with a recap from my last credit card churn in May. We signed up for
- Citibank ThankYou Premier cards (his and hers): 50,000 ThankYou points each
- American Express Ameriprise Platinum card: 25,000 American Express Membership Rewards PLUS all the benefits of a Platinum card (lounge access, etc.) with no annual fee
- Bank of America Alaska Airlines cards (his and hers): 25,000 Alaska Mileage Plan miles and a $100 statement credit each.
For a total of 5 cards. We had some run ins with certain types of transactions not counting towards minimum spend, but in the end, we just recently completed all of our minimum spends, and received all of our correct bonuses.
So, like I said earlier, TIME TO SIGN UP FOR MORE CARDS! 😀
Planning an August 2015 credit card churn
The conventional wisdom is to plan a churn every 3-6 months, though that’s more of a guideline than an actual rule. My last credit card churn was in May, so it is about 90 days out. The way I usually think about a churn is to go through each of the major banks, and look through what some of the good offers are.
Now that the current rules for each bank for credit card churns have been tightened up, I am typically a little more cautious. Most cards will only give a bonus if you haven’t had the card recently and American Express personal cards only give a bonus ONCE per lifetime. So it doesn’t make sense to apply for a card like that unless its bonus is higher than normal.
The cards I’m looking at for this credit card churn
- Citibank Hilton HHonors 75,000 point card. Both Carolyn and I have this card (multiples), but we haven’t open or closed a card in the last 18 months, so we should be able to get the bonus again. Since this bonus is nearly twice as much as the normal amount, it definitely qualifies as a good one! I wrote about this card a few weeks ago – New limited-time 75,000 Hilton HHonors point credit card offer
- American Express Starwood Business card: 30,000 points (up from the normal 25,000 points). I got the SPG personal card with my first credit card churn, but with the business cards, you can get the bonus once every 12 months. We were originally targeting our SPG points for a stay at the Swan or Dolphin resort at Disney World, but now I’m not sure.
- After posting about the recent crackdown on churners by Chase, I got an email comment suggesting that churners might still be able to get Chase Ink (business) cards. So I may apply for one of those as well.
- Bank of America Alaska Airlines cards. I am not sure if I’ll try applying for multiples or not (I know some people have gotten 4 or 5 in a day, but I’ve heard they’re cracking down on that), but we both will probably get one personal card, and I may get a business card as well.
Any good ones I’ve missed? Discover It?
I don’t have individual affiliate links to these cards, but most of these cards are accessible through my links at creditcards.com. You don’t have to use my links if you’re signing up for credit cards (and you should always make sure that they represent the best deal), but if you do, I appreciate it!