I'm starting to think that for some of us these approvals are just an addiction. It's like we get a certain giddy kind of high, each time we get that glowing golden approval letter.
Nevertheless, not for nothing, I still have some business to take care of... reasons why I'm not on set it and forget it mode, at least yet.
I'm looking for a gas card, a 2% cash back card, and possibly another premium travel card. Here's the skinny: I'm looking for high limit cards that would allow product change if I decide to switch after the year is up. This way, I'm not tied to the annual fees forever, as well as, it would ensure that the upper limit is based on excellent credit, touch wood... rather than the inadequacies of the lesser card product, long term.
So, here are the potential cards that are up on the docket:
1. CSR. The plan is to get the card, and possibly convert it after a year. I'm currently 4/24, so that's why this would be the first move.
2. Citi Prestige. Similar strategy as above... acquire Visa Infinite product and review for the year. Then, is it possible to potentially product change to the Double Cash?
3. FNBO. Ever since I used to have 5% off gas on the Simply Cash Biz, I've missed a 5% gas card. FNBO has two of them. Although, I was reading that they also might be 5/24, as well. Can anyone else confirm or deny this? - As an aside, I'm aware that one of these cards might be considered politically controversial. But, as far as I'm concerned, I don't care who pays me 5 cents on the dollar to purchase gas that I was already going to purchase anyway. Call me a credit whore to the highest bidder, if you will. I won't feel the least bit bad about it.
4. I read that you can actually obtain more than one Venture card, plus another 50k bonus. Is this accurate? I don't know why I would want the triple pull again; but it's certainly something that I could live with, and then perhaps convert that card to a Quicksilver down the road, if possible.
5. Are there any other Barclaycards that can be converted? I'm not 100% sold on just getting a standalone Uber card off the bat, just for the sole 4% restaurant category; but I may consider it in the future, particularly if I can transfer a hefty limit from, say, acquiring the Red Aviator... to that card. If it wouldn't work with that card, has anyone had success with a PC from another Barclaycard?
5. Honorable mention to Discover It card, and/or US Bank Cash Plus. There's an outside chance that after all the dust settles, I'd be willing to take on one of these cards, knowing that they probably wouldn't give me a SL of more than 10k, based on numerous data points. So long as I've already got all of my other limits where they need to be... I can play ball with one or two somewhat timid issuers. But, of course, I can also live without them.
Okay, so I'm sure by now you can see where I'm going with this strategy. Maximize the oomph from each line, and then potentially PC to cards that may have more long term usefulness, plus the added benefit of... fee-averseness. Okay, I know I just made that word up, but you get the gist.
Looking for tips, data points, and potential pitfalls to avoid, in aid of maximizing this strategy; as I'm sure some of us in here have probably done this x10 already.
