If you can spend $16,500 over a year, it's best to do the following: Chase Sapphire Preferred > Spend $3,000 > Get 43,000 Points. Suppose you are at 4/24 and decide to apply for 2 personal chase cards on the same day. There are a lot of websites recommending credit cards, but Reddit Churning is the only site that has zero conflict of interest. Air travel was non-existent for awhile, and even now, people in the US can barely travel abroad. American Express allows cardholders to earn only one bonus per credit card. Attempt to grab 2 (or more) personal 5/24 cards on the same day. Mod note: The Chase Freedom Flex referral landing page will present you with two (2) card options.Please be sure to click "Apply Now" for the Chase Freedom Flex Card on the landing page. Alternatively, it might be worth getting a store card that reports to credit bureau. Chase introduced, then extended the Pay Yourself Back feature. One of the biggest benefits of Reddit churning and travel hacking communities is the timeliness members share the latest information. So long story short I REALLY hope those points roll over so that I don't have to think to hard about what to do this year. A place to discuss credit cards to profit from sign-up offers. I a constantly having to go back and forth between various wikis to understand what UR for example means (Chase Ultimate Rewards). As soon as new cards, exclusive offers and special deals go live from different providers or financial institutions, they hit the subs immediately. – DoC, MS techniques that still work by frequentmiler, https://www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/. The important thing to realize is as follows: Most folks can easily get 2 Chase cards in a month. Press J to jump to the feed. Credit Card Reconsideration Numbers – DoC. 5/24 on r/churning Wiki 5/24 Rule Explained – DoC What Credit Bureau does Chase Pull? I did the AmEx "transfer a bucket of points and get Elevate Gold status" promo (I'm pretty sure I've easily made this back on premium seating+priority boarding fees I'd been buying anyhow, not to mention the free food and drink in my free Main Cabin Select Upgrades. Note that should you get approved for both cards, then both new cards will still show up in your report. However, Chase doesn’t count certain cards under the 5/24 rule—most notably business credit cards, because they often don’t show up on your personal credit report. Sign-up Bonus: 60,000 miles (80,000 miles if you sign up through this link) plus one free night night stay at IHC hotel worldwide. Some cards (Chase for sure) has a rule that says if you have opened 5 or more new credit cards in the past 24 months (from any bank), you won't be approved for a new credit card. #1 Churning Resource - FAQ: … With that knowledge, here are the best churning resources on Reddit. Quick Status Check: 800-432-3117, press #,3,1 then enter Social Security Number (SSN). The reason being that Chase business recon is considered to be harsh in a sense that they'll ask you a ton of question about your business. 5 Do Business Cards Count toward 5/24? WARNING Applying for "too many" Chase cards "too soon" may lead to a shutdown of your Chase portfolio. A lot of thought went into this...now how do you get new people to read it?? 100 points is $1. These questions will mostly be based on questions that I have seen a lot in newbie question thread of r/churning. My churning for the year so far consists of the $300 Chase Checking bonus and $102.91 in cashback. For one thing, churning credit cards could turn into a time-consuming hobby, especially if you have to keep track of multiple credit card due dates and requirements for earning various bonuses. The Reddit churning community offers advice on the first two. However, recent data points (DP) suggest that it is possible to get approved for both. Have you tutored kids for money? Once you get charged with 2nd year AF, you'll have 30 days till you can get a full refund and in that period you can consume your $300 credit. Why Credit Card Churning Is Risky. On top of that, there were no ground shaking new cards to talk about, and not much in the way of increased SUBs either. Unfortunately, you can no longer get a second Southwest personal card if you are a current cardholder of a different personal card or received the bonus on a personal card in the past 24 months (see here for details). Credit Needed: Great (740 or greater) 2. Many have policies in place to prevent cardholders from taking advantage of this practice. The community helped me find out ways to MS the Chase Freedom card each quarter. However, it is possible that you might run into a blockade due to 2/30 or 1/30 rule. This will eventually lead to a shutdown. Credit card churning is the practice of signing up for credit cards that offer large sign-up bonuses, and then canceling the cards once the bonus points are redeemed and used. It is possible to get both CSR and CSP by applying for them both on the same day. Disclaimer: By using a referral link on this site you understand that the person whose referral you are using may receive a bonus from the credit card issuer for your application. I must apply for XYZ non-chase personal card soon, I’ve already applied for 2 Chase cards this month, I’m still under 5/24, I want to get a third 5/24 Chase card, but XYZ card will put me over 5/24. Still, because you've no way of knowing if it is simple verification call or not, I strongly advice newbies against reconing for Chase business card. If they still deny you after 20 recon attempts, make peace knowing the fact that you attempted to go the most optimal route. – DoC. Chase Ink Plus > Spend $5,000 > Get 55,000 Points. * Finally, after tackling the question from various angles, I will end this guide by answering some Frequently Asked Questions (FAQs). I answer a lot of question in r/churning newbie thread and lately I’ve noticed that there is one question that I end up answering multiple times every day…and well it is getting a bit repetitive. March 10, 2015, 12:28 12:28 pm. Because the signup bonus often isn’t good enough. If you MS all $5k with Venmo then your worst net profit will be $505. Then I opened the VX Visa (the $150 a year one). Disclaimer: By using a referral link on this site you understand that the person whose referral you are using may receive a bonus from the credit card issuer for your application. Don't pass we send you to r/creditcards. Why didn’t Freedom card make the cut? Also - I like the check status number. I also don’t like when you hit the 5/24 rule too early with Chase Ultimate Rewards. As such, Ink products do not count towards 5/24 but remember 5/24 does apply to them. Two Reddit favorites for travel credit cards, for example, are the Chase Sapphire Preferred and the Chase Sapphire Reserve, ... Because there are so many Reddit threads related to churning and credit card topics, it’s hard to weed through them all — and some are more helpful than others. I have a Chase Savings account and a Chase Checking account which pays a total of $600.00 bonus, $300.00 checking bonus and $200.00 savings bonus plus $100.00 having both. Based on my research, Chase’s systems get a little temperamental when you try to combine points from more than one card onto a single card. Amex introduced new credits and doubled existing credits. Luckily, I don’t remember ever getting stuck with a gift card, though I’ve definitely got stuck selling for less than I had expected. Let me know if any expired early or if we missed any. New comments cannot be posted and votes cannot be cast. Big list this month given the end of a year is a nice round deadline. Obviously 5/24 applies. Note: The intended target audience of this guide are newbies who want to optimize Chase cards and are under 5/24. Consider this example: my wife has a Freedom and an Ink Cash. A Churning Flowchart. Additionally, UR points can be cashed out 1:1, redeemed via UR travel portal at 1.25-1.5 cpp. These bonuses can only be done once per calendar year … The minimum initial credit limit Chase has to extend you for CSP is 5k as well so you might as well try. The best thing to remember about this process is that the goal is to spend the minimum you need to, preferably on things you’d already be spending money on, just to receive the sign-up bonuses and free airline miles. The bonuses can be in the form of miles, points, or cash back. On a steady basis, Chase offers great bonuses for opening up checking and savings accounts. 6 Account … It started just like 2019 ended - with the AApocalypse. Last but not least, for most of us UR cards are long term investments. https://www.doctorofcredit.com/list-of-churnable-credit-cards Have you been paid (in cookies) for babysitting your brother? This part of rankt was developed for the reddit community https://www.reddit.com/r/churning Issuers fight credit card churning. lastly you will burn your Ultimate Reward (UR) points at one of its lowest value 1:1 cash i.e. Mod note: The Chase Freedom Unlimited referral landing page will present you with two (2) card options.Please be sure to click "Apply Now" for the Chase Freedom Unlimited Card on the landing page. 1 Background; 2 5/24; 3 Chase Co-Branded Cards & Business Cards; 4 Do Authorized User Cards Count toward 5/24? Travel hacking (or credit card churning) is a great way to earn free travel around the world. Also, I was able to achieve the Southwest Companion pass with the help of the r Churning community. Why Credit Card Churning Is Risky. A place to discuss credit cards to profit from sign-up offers. If those points roll over (Googling suggests it historically takes another week or two to post to your account), then I have a no-brainer to fly VX as much as possible and credit as many AS flights to my VX as possible. Chase IHG Priority Club. Churning Chase Bank Bonuses Like a Pro. Credit card churning involves frequently applying for new credit cards, not necessarily to use or even keep them, ... For example, Chase has an unofficial "5/24" rule that keeps consumers from opening more than five credit cards in a two-year period. Press question mark to learn the rest of the keyboard shortcuts, What Credit Bureau does Chase Pull? If you’ve a decent score then I suggest attempting CSR (minimum initial credit limit of 10k needed)ko first for above mentioned reasons. I had $725.00 in checking and $15,025.00 savings. I did sort of put an update in appropriate sections tho. UR transfer to Marriott, United, Southwest, and more 1:1 so unless you’ve a special situation in hand, focus on top UR cards first. last updated: 10/4/2017. The Peeled Tab. but 100k offer is available through Business Relation Manager (BRM), last but not least paper/fax application through BRM by-passes 5/24. Why would they close them after approving them? this is a great post and primer.. a lot of valuable information in there. Now one of the best parts about the churn reddit community is how clean they keep everything. There are blogs, podcasts, Facebook groups and more that help with travel hacking but the best one in my opinion has to be at Reddit Churning. Mod note: The Chase Ink landing page will present you with three (3) card options. MY Recommended way of Prioritizing UR earning Cards (last updated 2/12/2017). While it’s possible to find information on travel hacking in numerous places, whether those are blogs , podcasts or social media pages, r/churning is one of the best resources around because it’s so comprehensive. (Don’t fake a business just to stay under 5/24, though. Ideally speaking, you want to send money to a trustworthy person, have him transfer Venmo balance to their bank account, and then this person should return you your money via other means such as cash or check. The standard offer is $150 for the checking and $100 for the savings, but we consistently see $500 offers – $300 for checking and $200 for savings. 26 Comments. If you want higher signup value then CSR is the one to go with. 165 Comments. For example, Chase has an unofficial 5/24 rule that won’t allow you to open another credit card if you’ve opened more than five cards in the past 24 months. Remember that Ink products (IC and IP) do not count towards 5/24 nor does the Southsest Business card. Now should you get denied for for your 3rd Chase app, you can call recon within 30 days for reconsideration. by Chuck. Card issuer rules limit the practice: Many issuers have enacted policies to discourage churning by limiting the number of cards you can open or the number of bonuses can you receive in a given period. Here are some of my favorite resources to consider in the Reddit churning threads. Reddit Churning Lesson 5: Check The Reddit Churning Subs Often. r/churning: A place to discuss credit cards to profit from sign-up offers. Do I burn 5/24 slot on UR earning card or non-UR like Marriott, United, or Southwest? What is Chase reconsideration (recon in short) number? If you apply for 2 Chase personal cards on the same day then your pulls are combined. If you have a simple data point to share, there's a thread for that too. This is out of necessity because, for example, 4 weeks ago CSR would have been the first card I would have recommended but now I would recommend Ink Plus (more on this later). If I don't, then I'm going to be faced with a conundrum where I have to sit down and consider which status I'm more likely to be able to keep, whether I can manufacture any spend toward the "5k status points per $10k spend" on my VX card, etc...I think AS makes slightly more sense in terms of it being slightly easier hitting MPV/Silver based on butt-in-seat miles (and assuming I can't figure out a sane way to manufacture spending on my VX card) and that it could present more value over the next two years, but I think of you're only measuring a single year that I'm getting a ton more value this year out of my free forward seating, upgrades, etc using my VX account. 1. On the contrary, it is strongly advised that you don't recon for Chase business applications, particularly if your business is a "business". 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