I hate two things, heights (Inside an airplane does not count) and spiders. When I am close to the edge of say a roof, even just a low one, my stomach does flips and reminds me what is going on!
I get that same feeling when I am about to do a churn. I know my credit score is great. I know I have never ever missed a payment. I know I always pay on time, but still I want the great windfall of points on the way from the latest round of cards.
So last week I took the plunge. I looked at my travel goals for the rest of the year and 2013. I will be flying my mom and cousin from Sweden for the month of September on Delta business class low level points plus a ton of tax. Then on to the ORD “DO” in October. I will need more Delta MQM’s to reach some level of status for 2013 so I am thinking about a run to Sweden some time before year end. Also want to go skiing over the winter plus I have my 25th Anniversary trip in the spring.
I have some soon to expire ETV’s I must burn from my bump back in January. I can use ONE (grrrrrrr) and stay on the same PNR with Lisa for Sweden. I could use the other for a ski trip, but will need hotel points. I was very kindly offered to stay at blog reader Steve’s place in Utah but just can not impose; but wow what an offer that touched my heart! (A big DeltaPoints thank you to you, Steve)
So with all the above in mind here is what I went for:
Chase Marriott 50,000 point card that will get me 4-6 nights in CAT 2 hotels. Result was instant approval!
2) US BANK Flex Perks card.
“Wait a minute, you said you have this card and have had it forever since your NWA days.”
Yep, you are right. I called US BANK as I now have the no annual fee card that was a downgrade from the standard Flex Perks card. I called to check and was told I can have both cards in my name if I wish! So I went for it so that I can, after some spend, get $400 off a Delta flight, earn MQM’s & RDM’s and get $25 free food and drinks on the trip as well! Result was NOT instant approval. I called and they said I was turned down because of information from Advanced Resolution Services (click here for more info) reporting 17 credit requests over the past few years to “your phone number“! (Humm… Really not good! Could this be impacting both personal and business cards since I run an LLC?) Also check out a quote from the link above:
“The most telling SSN activity threshold is 6 or more applications within 90 days. As many as 75% of accounts that hit this threshold are likely to become bankrupt or charged off.”
I only did 3 cards 91+ days ago, so I asked for a manual review since I have been with US BANK for almost 20 years and have NEVER BEEN LATE or EVER MISSED A PAYMENT EVER. So I called back later in the day on Friday to check status and the automated system changed from DENIED to I am approved!
3) Next the AMEX SPG Business card (the personal one for next round). July marks 24 months plus 2 weeks since I last applied for this card. Now there is some very interesting verbiage on the first page of the link as you can see below.
Lucky from One Mile at a Time also talked about this and speculated that AMEX maybe moving to a new card bonus every 12 months. But notice it says those “who have had this product within the last 12 months”.
I can tell you with total certainty the new card bonus clock is 24 months for all flavors of AMEX cards. (The new rule is you must have canceled the card 365+ days ago to get ANY new card bonus from AMEX)! And, to be 100% safe you should not have the card for the last 12 months as well. I did NOT get instant approval nor with business cards do I expect to. I called back the next day and was told I was approved and received the e-mail confirming that as well!
So I have kept my 100% approvals record clean and intact! After spend I will have earned 80,000 points plus $425 credit towards travel on this modest 3 card churn. I will use the Marriott points for 4-5 days of hotel rooms for my Ski trip. I can use my Flex Perks points to buy a ticket maybe for a mileage run to keep my status with Delta. My SPG points are just going to be banked for now as they are such good & flexible points to send many places! Got a churn on the way this summer? Even with smaller bonus amounts, the points are there if we want them. – René