Using Cards for points...

Anonymous · ‎06-13-2015

I was just curious, in utilizing cards for the points..and getting new cards for the signup points. ..will there become a point in which there are no more cards to get with sign up bonuses? Through out that process, do you close old cards to get the new ones with the signup bonus? Once you get all cards ..hypothetically speaking with the best signup points...what do you do after? Just managed what you have? Has that been the case with anyone?

Anonymous · ‎06-13-2015

@Anonymous wrote:
I was just curious, in utilizing cards for the points..and getting new cards for the signup points. ..will there become a point in which there are no more cards to get with sign up bonuses? Through out that process, do you close old cards to get the new ones with the signup bonus? Once you get all cards ..hypothetically speaking with the best signup points...what do you do after? Just managed what you have? Has that been the case with anyone?

While I would say there's a finite number of cards offering points in the U.S. - but there's many of them. I know some people cancel cards that have AF. I personally don't app for those and don't plan on closing any cards in the near future myself.

myjourney · ‎06-13-2015

@Anonymous wrote:
I was just curious, in utilizing cards for the points..and getting new cards for the signup points. ..

will there become a point in which there are no more cards to get with sign up bonuses? Policies are changing all the time and some CCC's now have rules. One bonus per lifetime.

Through out that process, do you close old cards to get the new ones with the signup bonus? Chase has a 2 year rule (currently) but could change who knows so yes in theory as of now you could close a card and apply again for the bonus but who's to say the card will be around or worth it at that time

Once you get all cards ..hypothetically speaking with the best signup points...what do you do after? Reap the rewards until a better offer/bonus comes along. Garden so when that opportunity comes along your ready to pounce

Just managed what you have? Has that been the case with anyone? Yep manage what you have and this applies to a whole lot of people including myself

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

takeshi74 · ‎06-15-2015

@Anonymous wrote:
will there become a point in which there are no more cards to get with sign up bonuses?

There are a finite number of cards. Therefore...

@Anonymous wrote:
Through out that process, do you close old cards to get the new ones with the signup bonus?

I don't but some do. Some sign up specifically for bonuses and this is referred to as churning which is frowned upon by some creditors.

Keep in mind that each new account impacts your AAoA.

Make sure you're carefully considering the rewards programs that you intend to app for and that you can maximize point value versus just trying to collect every sign on bonus out there. Redemptions tends to have a significant impact on this.