I love credit cards so much!

[speedyfishy]

Thanks for this data point! I used to get quite a few money orders at Walmart and Meijer using VGC but haven't in a few years.

What's the fee for $1000 MO at Walmart now? Can you still purchase $1000 using 2 $500 VGC (well slightly less than $1000 to account for the fee)?

What brand VGC did you use for the MO purchase? Thanks so much. It was a pretty decent way for me to get UR back in the day.

It was .88 cents for me. The fee can varry though. I only did one $500 swipe with a metabank visa Giftcard. I tried to do two swipes at another Walmart near me and the rep immediately knew I was using giftcards and turned me down. I don’t want to burn this location so I’m going to just do one swipe. Other have no problem doing up to four swipes.

 

[DisneyMandC]

Do we think the 100k Marriott offer is going away June 27? I just got my CIP May 1, but haven’t gotten a personal card since October. wonder if I should apply...

 

[KPK02090]

No. But would they be willing to “move in” with you, even for a month?

Highly unlikely to happen, but not too big of a deal. I can just help them book with their own points. Just would have been a little easier to do it all from one account.

 

[Lvsdisney]

Another CIC question... If I purchase a gift card at Staples, does that code at 5x? Or does it have to be specific merchandise?

 

[Albort]

Also, what are the Chase shut downs that folks have mentioned? Usually referenced as not moving too fast or openning too many cards with Chase. Any pointers or articles I should read regarding that?

i wrote this while ago --> https://www.disboards.com/threads/i-love-credit-cards-so-much.3528202/page-1041#post-59006743

Another CIC question... If I purchase a gift card at Staples, does that code at 5x? Or does it have to be specific merchandise?

gift cards work and code 5x.

 

[disneymagicgirl]

Oh my goodness, finally caught up after reading all weekend long! Just joined the Reddit group as well, so will be doing some major reading again!

So I'm 1/24 (if my CIP from 3/18 counts, does it?) and looking to wait a few months before doing the CSR/CSP double dip around July as recommended. I'm focusing on bank bonuses and moving some money into the higher yield savings accounts (Mango just closed my 2 accounts so will have $10K that needs to find a liquid yet high yield home).

I did noticed that on my Chase online account my CSP that was closed over 2 years ago is still showing on my online account. It's not active, but will this give me any issues when I apply? Should I SM or call to have it removed? It is showing on my credit report as closed.

So there's the Amex BB+ 20k offer, the new Amex Hilton biz offer, are there any other Amex biz I should be looking at to apply for next (while I wait for things to cool down a bit for Chase)? If I've read correctly, Amex Bix WILL NOT count against 5/24?

Also, what are the Chase shut downs that folks have mentioned? Usually referenced as not moving too fast or openning too many cards with Chase. Any pointers or articles I should read regarding that?

Hi Bernina...do you sew or is your name a coincidence?

In your chase account you can choose to "not show" your closed CSP. It is under your preferences. Drives me crazy when closed accounts are there so I always do that if they don't fall off on their own. You just unclick the box.

The CIP doesn't count towards 5/24 but you will want to include it in assessing yourself for a shutdown...which you don't appear in danger of anytime soon if you are only 0/24.

The Hilton biz is a good offer and do the dummy booking so you get the $50 statement credit too. No, it won't count against 5/24.

 

[Lain]

Oh my goodness, finally caught up after reading all weekend long! Just joined the Reddit group as well, so will be doing some major reading again!

Welcome!

So I'm 1/24 (if my CIP from 3/18 counts, does it?) and looking to wait a few months before doing the CSR/CSP double dip around July as recommended. I'm focusing on bank bonuses and moving some money into the higher yield savings accounts (Mango just closed my 2 accounts so will have $10K that needs to find a liquid yet high yield home).

The CIP doesn’t count towards the */24. The CIP and other Chase-brand business cards require you to be under 5/24 to be approved, but don’t add to your */24 count. For approval purposes, Chase only sees what’s on your personal credit reports. Chase business cards do not report to the bureaus and don’t show up on your credit reports.

However, for the purposes of evaluating your risk of “hitting Chase too hard”, you should include Chase business cards along with Chase personal cards when counting how many cards you’ve been approved for overall in the last 3, 6, and 12 months. There is no hard and fast rule about this. However, if Chase deems you a “bust out” risk that warrants a shutdown, you should assume they know about the business cards they issued you.

I did noticed that on my Chase online account my CSP that was closed over 2 years ago is still showing on my online account. It's not active, but will this give me any issues when I apply? Should I SM or call to have it removed? It is showing on my credit report as closed.

It shouldn’t be an issue when applying for a new CSP if your old CSP is reported closed. But you can SM to see if Chase can remove the old CSP from your account since it’s just there, inactive.

So there's the Amex BB+ 20k offer, the new Amex Hilton biz offer, are there any other Amex biz I should be looking at to apply for next (while I wait for things to cool down a bit for Chase)? If I've read correctly, Amex Bix WILL NOT count against 5/24?

Both the Amex BB+ and Hilton biz are good options, but the 20k MR offer on the BB+ and the Hilton Biz carry $5k MSRs each, which might keep you busy for a while. Amex business cards will not count against 5/24.

Also, what are the Chase shut downs that folks have mentioned? Usually referenced as not moving too fast or openning too many cards with Chase. Any pointers or articles I should read regarding that?

@Albort already replied. @SouthFayetteFan is quite knowledgeable about that too.

P.s. did it really take me 30 mins typing on and off to get this posted? @disneymagicgirl ’s got you.

 

[disneymagicgirl]

@bernina

Here is how to hide that account...

 

[SouthFayetteFan]

Do we think the 100k Marriott offer is going away June 27? I just got my CIP May 1, but haven’t gotten a personal card since October. wonder if I should apply...

Why do we think the 100k offer on the Marriott Premier Plus is going away June 27? I know it says limited time offer but I haven't seen anything suggesting that date personally. Chase doesn't typically change bonuses very frequently so I would be thinking this offer would last longer than 8 weeks.

 

[SouthFayetteFan]

Oh my goodness, finally caught up after reading all weekend long! Just joined the Reddit group as well, so will be doing some major reading again!

So I'm 1/24 (if my CIP from 3/18 counts, does it?) and looking to wait a few months before doing the CSR/CSP double dip around July as recommended. I'm focusing on bank bonuses and moving some money into the higher yield savings accounts (Mango just closed my 2 accounts so will have $10K that needs to find a liquid yet high yield home).

I did noticed that on my Chase online account my CSP that was closed over 2 years ago is still showing on my online account. It's not active, but will this give me any issues when I apply? Should I SM or call to have it removed? It is showing on my credit report as closed.

So there's the Amex BB+ 20k offer, the new Amex Hilton biz offer, are there any other Amex biz I should be looking at to apply for next (while I wait for things to cool down a bit for Chase)? If I've read correctly, Amex Bix WILL NOT count against 5/24?

Also, what are the Chase shut downs that folks have mentioned? Usually referenced as not moving too fast or openning too many cards with Chase. Any pointers or articles I should read regarding that?

"5/24" and "shutdown risk" will actually be measured in different ways.

- 5/24 is the number of cards showing on your personal credit report so it does not include Chase or AMEX biz cards. (So your CIP doesn't count and thus you actually are 0/24).
- Your Shutdown Risk would include any cards showing on your personal credit report as well as any Chase business cards (since they are aware of those) and can also take inquiries into account. Your CIP would count in this then.

Shutdown Risk overall is somewhat of a moving target as reports come in with varying factors constantly. I will also say that nobody truly knows what is driving it and for every shutdown report there may be 5 other people doing the same thing that aren't getting shutdown. In some ways it has been blown out of proportion and has people now being unnecessarily cautious (and potentially leaving points on the table).

Your best bet is to just share your plan with folks here and see what people's thoughts are. If you got a CIP in March and do your double dip in July you should be absolutely fine. I would not get another personal card after that (with Chase or anybody) until October then. If you have enough spend to support more MSR prior to then an AMEX biz card or two would be a great idea. If you have a spouse that will participate, having them get a card is another good idea to "slow your roll".

 

[SouthFayetteFan]

Shutdown Report I found noteworthy:
Here's an example of going too fast:

12/2017 - CFU
01/2018 - CSR (double dip)
01/2018 - CSP (double dip)
02/2018 - CIP
04/2018 - CIC (denied)
05/2018 - Hyatt (denied and subsequently SHUT DOWN)
Clearly going for a 5th card in 6 months = NOT a good idea

This person had also opened an AMEX MB Plat but it wasn't reporting yet. They were clearly playing with fire hitting Chase this hard...
If you want to read the full report: https://www.reddit.com/r/churning/comments/7jb8mp/shutdown_reports_megathread/dzagmvp/

Some general rules that will continue to work well:

• Put 3 months between your Chase applications
• If you double dip try to wait 4 months before your next app with Chase
• When figuring out your shutdown risk, DO include Chase biz cards but DON'T include AMEX biz cards
• If you don't have a mortgage on your credit report be EXTRA careful
• Try to keep your inquiries down too (Biz cards sometimes will still put an inquiry out there so don't get crazy there, or at least know what's on your report)
• If you're over 5/24 you should really hesitate before trying for a Chase card (even the Hyatt/IHG/Marriott Biz which we know aren't subject to 5/24)

If anybody has any questions, please let me know. I have been tracking shutdowns VERY closely since we spent 20 months getting my wife to <5/24 status. I didn't want to screw it up right out of the gate, that's for sure!

EDIT: Just to be clear - I'm not sharing this to scare anybody. I still feel shut down risk is overblown. Just have a clear/safe plan and keep doing what you're doing The game is too lucrative to get "overcautious" (i.e. saying I'll only get 2 cards a year or something like that). And Remember for those in 2 player mode, each player's credit report is ENTIRELY SEPARATE! Alternate apps and you can go twice as hard with the same risk!

 

[DisneyMandC]

Can’t get the picture to post but I received a mailer for the 100k card that says to apply before June 27. No other special offer in it or anything, just the standard 100k.

 

[Lain]

• If you double dip try to wait 4 months before your next app with Chase

Yeah, with that, I’m going to take back my earlier comment to @miztressuz to just go for it on the CIC. Even though I think she’d be approved and could be fine if she laid off Chase after that for 4-6 months, the CIC is not worth the risk if you can get the same bonus on the CIU in a few months then PC to CIC if she really wants the bonus categories.

P.S. I got hit by a really bad bug on Friday and haven’t been fully functional or apparently thinking with all my faculties for the past two days. Sorry!

 

[disneymagicgirl]

I just read a 5/19 update on DOC that CIC is going away. I'm confused.

ETA: Looks like he is actually still saying "in case" it goes away. I misread the first time. Still speculation.

 

[SouthFayetteFan]

I just read a 5/19 update on DOC that CIC is going away. I'm confused.

ETA: Looks like he is actually still saying "in case" it goes away. I misread the first time. Still speculation.

My one criticism of DoC (and I love the blog) is how he will re-post previous posts with small updates. Sometimes it can Be misleading as he doesn’t always clearly call out why he’s “re-posting” (or it can feel like it’s “new” news when it’s not).

I read that one the same way the first time too...lol

 

[Gwmw1210]

Can’t get the picture to post but I received a mailer for the 100k card that says to apply before June 27. No other special offer in it or anything, just the standard 100k.

I know which mailer you’re speaking of my DH received the same one with a June 27 date.

 

[SouthFayetteFan]

Yeah, with that, I’m going to take back my earlier comment to @miztressuz to just go for it on the CIC. Even though I think she’d be approved and could be fine if she laid off Chase after that for 4-6 months, the CIC is not worth the risk if you can get the same bonus on the CIU in a few months then PC to CIC if she really wants the bonus categories.

P.S. I got hit by a really bad bug on Friday and haven’t been fully functional or apparently thinking with all my faculties for the past two days. Sorry!

I intentionally use the word “try” there as I don’t think it’s a “must”. I think it all comes down to risk/reward. And your comment about CIU shows that you can still get the same reward potentially by waiting and avoid some risk.

 

[hsmamato2]

Question- I made a purchase on Hilton cc on May 10, closing date for acct is May 25, last points activity was May 29,2017- did I mess this up completely time wise? I'm concerned my points won't post in time to 'save' my acct..... can't find info elsewhere -

 

[Lain]

I intentionally use the word “try” there as I don’t think it’s a “must”. I think it all comes down to risk/reward. And your comment about CIU shows that you can still get the same reward potentially by waiting and avoid some risk.

Wasn’t the CIU supposed to come out today? The day’s not over, and I’ll give some allowance for rumors, but I’d love to see some discussion about it on here once we know the details (and what happens, if anything, to the CIC).

ETA: D’oh. It’s a Sunday.

 

[miztressuz]

Shutdown Report I found noteworthy:
.................
Some general rules that will continue to work well:

• Put 3 months between your Chase applications

Oops

• If you double dip try to wait 4 months before your next app with Chase

OOPS

• When figuring out your shutdown risk, DO include Chase biz cards but DON'T include AMEX biz cards

First Chase Biz card attempt. All my Chase cards: Freedom, Disney, IHG, SW, CSR, CSP. 4/24 on most CR's. Before double dip last month my last Chase card was Dec '11.

• If you don't have a mortgage on your credit report be EXTRA careful

Ok, no probs, Mortagage and HE loan. I'm not going anywhere for another 10 years.

• Try to keep your inquiries down too (Biz cards sometimes will still put an inquiry out there so don't get crazy there, or at least know what's on your report)

Should be no probs, CR with the most inquiries has 3 in the past year. But now 2/3 are Chase.

• If you're over 5/24 you should really hesitate before trying for a Chase card (even the Hyatt/IHG/Marriott Biz which we know aren't subject to 5/24)

Not a problem for me for a while yet. This was my last app for a while. I'd like the Marriott card but I'm hoping it stays at 100k until the end of the year and I might try then, after 5-6 months. That would put me at 5/24 and then I'm out until Jun '19. If we can manage another MSR before the Marriott, which I doubt unless the unexpected happens, it'll be on P2.

But I'm not any more worried than I was just applying anyway. It's a calculated risk and I knew that going in. But it fits with my spend timing so I decided to go for it.

@Lain I checked the site for the CIU today but nothing launched there yet, I'm thinking maybe tomorrow as a weekend would odd for a rollout. At first I thought the date would make it available for app in branch but are banks open on Sundays?