Quote:
Originally Posted by 34TheTruth34
are you making enough money doing this and/or building enough credit for all this to be worth it? seems potentially dangerous to me, but tbh im not sure why i think that.
Quote:
Originally Posted by Paul Openfold
Applying for 5 new cards every 3 months seems like overkill imo
You're probably better off just building up a responsible credit history with the accounts you already have
I am not applying for cards to build credit. I already have credit. I apply for cards for rewards and travel and perks and benefits. Typically, I apply for cards for signup bonuses. Here are some examples from this year:
Citi AAdvantage Visa - 40k AA miles, enough for 3 domestic coach 1ways
Citi AAdvantage Amex - 40k AA miles
Citi HHonors Visa - 50k HHonors, enough for 1 night at a top Hilton property, or more at lower class properties
Citi HHonors Reserve - 2 Weekend night certs, usable at any Hilton that's not all-inclusive + HHonors Gold status
Chase SW Visa - 50k RR points, varies on ticket price. Approx. 2 domestic RTs
Chase Sapphire Preferred - 40k UR points, $400 cashback, or 2 nights at a top hyat property, or domestic RT on united etc
Chase Ink Plus - 50k UR points, $500 cashback, or see above
Amex HHonors - 40k HHonors, see above
Amex BCE - $100 cashback
Barclays US Air - 40k miles, RT coach ticket to hawaii during off peak, RT domestic ticket during peak
BOA - Hawaii Airlines, 35k miles
BOH - Hawaii Airlines, 35k miles, Almost RT US to hawaii, saver 1way to Australia, or transfer 1:2 HHonors points (70k each card or 140k total, see above for redemptions)
My goal is to be able to travel for cheap, including hotels and airfare and to get to see some cool places that I otherwise wouldn't have. Most of these cards have annual fees and spending requirements for the bonuses. The annual fees are typically waived the first year. I will close most of the cards before their anniversary date, and I just cycle my spend to whatever cards I'm trying to meet the requirements for.