I love credit cards so much!

[SouthFayetteFan]

Hey guys – first time poster in this thread looking for advise/expertise. I’d appreciate some help. This is my past 24 months:

Chase Saphire Reserve (downgraded to Freedom before annual fee) – Aug 2016
Chase Ink Preferred (cancelled) – Apr 2017
Chase United Biz – July 2017 (just cancelled to avoid annual fee)
Chase Southwest Plus – Sep 2017
SPG – Nov 2017
SPG Biz – Feb 2018

Summary: So I am at 3/24 on consumer cards + 2/24 on business cards. I have had two Chase biz cards that are now cancelled, and SPG biz (current).

1st question - I am debating applying for the Ink Preferred again. My wife has a stock pile of UR points that we pooled together and I plan to apply for the sapphire reserve again in December when I am passed the 24 month anniversary of my first CSR bonus. It appears that there is no verbiage of 24 months between getting bonus points on the Ink Preferred. So am I safe to apply for the Ink Preferred again? Even though I received it 15 months ago and cancelled 3 months ago? It’s my first time trying to cancel a card and reapplying for it, and I am having trouble finding guidance on the Chase business side of things. (My fall back plan at this point is to get the Marriott biz card to boost that stock pile before I am cut off post merger)

2nd question – my income to credit line ratio on all credit cards is over 60%. What’s the current wisdom on lowering CL for Chase? Is it better to keep your credit line high so you can move it around to get approved? Or is it better to lower it before applying to improve odds of being approved? And if so, how long after lowering Chase credit lines would you wait before applying?

It appears you CANNOT earn a 2nd bonus on the CIP (unless you have a separate EIN) - the 24 month language will appear on the final part of your application:

http://i.imgur.com/TOk4qJ8.png

 

[jhoannam]

Just approved for the Amex BIz Green card, remind me. Do I create a new login? or use my current BRG login?

 

[Haley R]

YES! You have to have him apply for both on the same day tho. It would be 8k in MSR in three months, but we can help you meet that with some manufacturer spending. The easiest is to open a PNC bank account and fund with your new card and you can even get a $200 cash bonus too.

Oh shoot well Dh already applied a couple days ago

 

[SouthFayetteFan]

Oh shoot well Dh already applied a couple days ago

Then don't sweat it! You found an offer you liked and you went for it, no regrets

Now you know though for when you consider applying for a CSR in your name, maybe you want to double dip.

I would advise in the future before you apply, run things past the group here and we'll point out if there's anything else worth considering.

 

[SBWB48]

For those who have gotten the Marriott packages, which number did you call? Last night, I called the number on the official page that said "Call xxx to book these packages", and after 15 minutes on hold a lady who I think may have actually been Tina Belcher told me I was supposed to call a different number, but that she would connect me. I went back on hold for 20 more minutes and then they disconnected me.

https://frequentmiler.boardingarea....iotts-phone-prompts-to-book-a-travel-package/

I used the number and prompts FM posted above and it got me through to someone who knew what they were doing and what I wanted. Granted, the wait was about 30 min to get to the rep.

 

[elgerber]

OK, I was out all weekend and skimmed through 18 pages LOL. I see all the self refer AMEX posts. Are you saying I can refer myself to a Biz Green from my Biz Gold? And could do the same for DH on his own account? Can anyone give me the short info, or link to post, telling me how to do that?

Thanks!!

 

[WVMomof3]

PNC funding question--- Do I have to worry about it coding as cash advance? Do I need to lower that first?

 

[Haley R]

I’d do it but that’s just me.

I think we will do it because we want to go ahead and buy our plane tickets

 

[peel]

https://frequentmiler.boardingarea....iotts-phone-prompts-to-book-a-travel-package/

I used the number and prompts FM posted above and it got me through to someone who knew what they were doing and what I wanted. Granted, the wait was about 30 min to get to the rep.

Thanks so much. Now that I see the page, it looks familiar and I may have actually printed it out. It must be in the massive stack of papers on my desk.

 

[tink1970]

OK, I was out all weekend and skimmed through 18 pages LOL. I see all the self refer AMEX posts. Are you saying I can refer myself to a Biz Green from my Biz Gold? And could do the same for DH on his own account? Can anyone give me the short info, or link to post, telling me how to do that?

Thanks!!

@elgerber

READ THIS: https://www.reddit.com/r/churning/comments/92bkky/daily_discussion_thread_july_27_2018/e34qs6j

Last month, I posted about a loophole that /r/churning discovered where you can use your Biz Plat (or other biz charge cards) to refer yourself to Amex's other MR business charge cards (the BGR and Biz Green), and earn the bonus for self-referral and the other card's sign-up bonus, assuming you don’t have and haven’t had that other card before. The big points are with self-referrals from the Biz Plat because a referral bonus from that card is worth 20k MR.

I didn't think much about it at the time because I didn't have a Biz Plat. Now I do. Redditor l3veraged put two and two together and has an excellent write-up about how to maximize the MRs you can get out of these two deals before the call-in offer is supposed to expire at the end of this month and the 20k referral bonus ends on 8/8/18.

The sweet spot seems to be to get the 100k MR/$10k offer on the Biz Plat, refer yourself (and hey, maybe even P2) to the Biz Green for 20k MR per referral; make a single purchase on the Biz Green for another 5k MR and sockdrawer that card [edit: the Biz Green seems to have a quirk that double credits the 5k MR]; meet the $10k MSR on the Biz Plat for another 10k MR. ~140k MR.

Personally, I'm holding off on referring myself or applying for the BGR. The BGR has a public/referral offer of 50k MR (add another 20k MR for the self-referral), but requires another $5k MSR in 3 months, which is not in our budget. While applying for the Biz Plat, the Amex rep pitched me on a 75k MR/$10k/4 months offer on the BGR, and told me to call in for that offer when I'm ready. I don't know if the 75k offer will still be around when I'm ready (it comes and goes), but I know I'm not ready to tackle an additional $5k or $10k MSR on the BGR when we've already got the Hilton Biz and Biz Platinum to work on, and am considering the CIU or SPG Lux for DW and Marriott Premier Plus for me next month.

Have fun with it !

 

[speedyfishy]

Hey guys – first time poster in this thread looking for advise/expertise. I’d appreciate some help. This is my past 24 months:

Chase Saphire Reserve (downgraded to Freedom before annual fee) – Aug 2016
Chase Ink Preferred (cancelled) – Apr 2017
Chase United Biz – July 2017 (just cancelled to avoid annual fee)
Chase Southwest Plus – Sep 2017
SPG – Nov 2017
SPG Biz – Feb 2018

Summary: So I am at 3/24 on consumer cards + 2/24 on business cards. I have had two Chase biz cards that are now cancelled, and SPG biz (current).

1st question - I am debating applying for the Ink Preferred again. My wife has a stock pile of UR points that we pooled together and I plan to apply for the sapphire reserve again in December when I am passed the 24 month anniversary of my first CSR bonus. It appears that there is no verbiage of 24 months between getting bonus points on the Ink Preferred. So am I safe to apply for the Ink Preferred again? Even though I received it 15 months ago and cancelled 3 months ago? It’s my first time trying to cancel a card and reapplying for it, and I am having trouble finding guidance on the Chase business side of things. (My fall back plan at this point is to get the Marriott biz card to boost that stock pile before I am cut off post merger)

2nd question – my income to credit line ratio on all credit cards is over 60%. What’s the current wisdom on lowering CL for Chase? Is it better to keep your credit line high so you can move it around to get approved? Or is it better to lower it before applying to improve odds of being approved? And if so, how long after lowering Chase credit lines would you wait before applying?

What if you go for the CIC now? You don’t need to lower your limits but personally I would. Is just easier to get automatically approved for a card. I don’t like having eyes on my account, but you don’t have to. I guess it really depends if you need that much credit.

 

[elgerber]

@elgerber



Have fun with it !

Thank you! I tried paging back to find that, but failed miserably.

 

[speedyfishy]

PNC funding question--- Do I have to worry about it coding as cash advance? Do I need to lower that first?

It has been coding as a purchase for my Chase cards, but do you potentially want to be the first DP of it being a cash advance incase it changes? It is a quick phone call or SM to lower it but also check your cash advance limit may also be below 2k anyway.

 

[Haley R]

Then don't sweat it! You found an offer you liked and you went for it, no regrets

Now you know though for when you consider applying for a CSR in your name, maybe you want to double dip.

I would advise in the future before you apply, run things past the group here and we'll point out if there's anything else worth considering.

Haha my bad. I will most likely get the CSR after Dh so I’ll make sure to come on the board first!

 

[tink1970]

@elgerber-- I only remember b/c it was on page 1969 and I am tink1970 so...yeah weird middle age memory helpers

And back to the land of good news bad news--DD and DM were going up to Boston to tour colleges but the people they were going to stay with are down a bathroom and kind of disinvited them...no hotels avail near where they needed to be (darn BoSox) so I cancelled the trip and got my 120,000 skypesos back! DD is sad but looking at reward costs for MUC-PNS I'm going to need them. Silver linings and lemonade here

 

[familyman123]

It appears you CANNOT earn a 2nd bonus on the CIP (unless you have a separate EIN) - the 24 month language will appear on the final part of your application:

http://i.imgur.com/TOk4qJ8.png

Thanks! I don't know why I couldn't find that before.

 

[speedyfishy]

Haha my bad. I will most likely get the CSR after Dh so I’ll make sure to come on the board first!

But he didn’t get approved yet though right? Can he call reconsideration and find out why he wasn’t approved yet? He can try to get that approved and then apply for the CSP and then call reconsideration again if necessary and get that approved.

 

[SouthFayetteFan]

Haha my bad. I will most likely get the CSR after Dh so I’ll make sure to come on the board first!

Our advice at that point would likely be to have your Husband refer you to CSR...AND to double dip a CSP for yourself on the same day. That would get you 123,000 URs for spending $8,000 = (CSR: 50,000 bonus + 4,000 base + 10,000 referral + CSP: 50,000 bonus + 4,000 base + 5,000 AU if you do a middle name trick or pet or something).

I'd still check back though when you're ready to do it in case anything has changed haha!

 

[WVMomof3]

It has been coding as a purchase for my Chase cards, but do you potentially want to be the first DP of it being a cash advance incase it changes? It is a quick phone call or SM to lower it but also check your cash advance limit may also be below 2k anyway.

Nope, don't want to be that DP lol. I did SM to lower it to $200. Looking at my paper the card was mailed with it was set to $3740. Seems like a weird number. Dumb question, but the cash advance limit is for both cards, right? Or did I need to ask about the AU card separately. I am using the AU card for the funding.

 

[elgerber]

@elgerber-- I only remember b/c it was on page 1969 and I am tink1970 so...yeah weird middle age memory helpers

And back to the land of good news bad news--DD and DM were going up to Boston to tour colleges but the people they were going to stay with are down a bathroom and kind of disinvited them...no hotels avail near where they needed to be (darn BoSox) so I cancelled the trip and got my 120,000 skypesos back! DD is sad but looking at reward costs for MUC-PNS I'm going to need them. Silver linings and lemonade here

Is that a birth year LOL? If so, even more ironic since I was born in 1969 and yesterday was my birthday.