Credit Cards Center Credit cards from our partners
Reply
Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
0

Re: Help me help my parents

They're going to earn more flights by applying for multiple different cards, e.g, three to four every 4 months, and taking advantage of the sign up bonuses.  Instead of runnng $2-$3K per month through one card, they can use that money to meet the minimum spend requirements on the various card offers.  That is the way for them to maximize their value and flight redemptions.  They can be less agressive in the amount of applications if they want, but they will earn more by taking advantage of bonuses than they are ever going to earn by getting one card and putting all money through it.

 

Read the travel blogs.  thepointsguy.com, frugaltravelguy.com, millionmilesecrets.com, boardingarea.com/blogs/onemileatatime, boardingarea.com/blogs/viewfromthewing, boardingarea.com/blogs/mommypoints are some of my favorites.

 

I know frugaltravelguy and viewfromthewing have some posts that are fairly recent that give outlines of which cards they would apply for if this was their first time taking advantage of card bonuses.  Here's one such post where he lists some card for people that haven't been churning for a while.  It's a little dated, so you may have to research if all of these offers are still good, but it should give you an idea. http://www.frugaltravelguy.com/2012/02/ricks-limited-credit-card-application.html


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.