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How do you guys handle having multiple cards?

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The-Credit-Disciple
Frequent Contributor

Re: How do you guys handle having multiple cards?

Congrats!! 

Message 51 of 55
wasCB14
Super Contributor

Re: How do you guys handle having multiple cards?


@Anonymous wrote:
When you guys say you “churn” cards, what exactly do you mean?

Strict definition: Get card A with a nice bonus, close card A, apply for card A again (or closely related card B) and get another bonus.

 

Relaxed definition: Get many new cards for bonuses and then either stop using them or close them.

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 52 of 55
Anonymous
Not applicable

Re: How do you guys handle having multiple cards?


@Anonymous wrote:
When you guys say you “churn” cards, what exactly do you mean?

It means getting cards for the sole purpose of SUB (sign up bonus) then close them, rinse and repeat. I think Gmood1 forgot about the closing part though. Smiley Tongue

Message 53 of 55
Anonymous
Not applicable

Re: How do you guys handle having multiple cards?


@Anonymous wrote:

@Anonymous wrote:
When you guys say you “churn” cards, what exactly do you mean?

I means getting cards for the sole purpose of SUB (sign up bonus) then close them, rinse and repeat. I think Gmood1 forgot about the closing part though. Smiley Tongue


Yes, as oldman87 says, the key is that the SUB is the only point in getting that card, rather than much more important MyFico features such as "its metal" or "looks great" (Amex Magnet, looking at you here, 1.5% and so much excitement)

Message 54 of 55
Anonymous
Not applicable

Re: How do you guys handle having multiple cards?

But did you know the Centurion logo on the Cash Magnet is of new design?
Message 55 of 55
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