I love credit cards so much!

[palhockeymomof2]

CSR application INSTANT APPROVAL! ($31,500 CL )
Now for the hand holding please.... Going to apply incognito mode on a different browser, any other tips?

Congrats

 

[Lain]

Saw this comment on reddit last night linking to a Disney podcast, where they discuss credit card churning for Disney: https://www.reddit.com/r/churning/comments/9ao03k/daily_discussion_thread_august_27_2018/e4y0yb5

Matthew Truesdale (the guest), are you on this thread?

They didn't actually use the term "churning" but that's essentially what the guest is talking about.

The relevant discussion starts at 26:38 and goes to the end of the podcast, so runs about 48 minutes.

A few highlights:

- The host points out that Matt sent in a pic of about 69 credit cards.
- Matt mentions how every credit card issuer has their own rules for approving new cards (but no mention of any rule in detail, says generally can get a bonus on the same card again every 24 months, nothing about 5/24).
- Matt talks about how he has about 20 open credit cards and they all have different uses, and mentions the category bonuses on a few of them like the rotating 5% categories on the Chase Freedom and 6% cash back on groceries with the Amex Blue Cash Preferred.
- Matt mentions when he has a new card, he'll put the spend on that.
- Matt is redoing his kitchen and bath and it sounds like he's putting a significant amount of spend on his Lowe's credit card (!!!) for the 5% off.
- The host seems fixated on the 6% cash back on groceries and keeps going back to that card.
- They talk about maximizing savings on Target gift cards for Disney and how now that's dead, you can still use Target gift cards for regular shopping and shift the savings to a Disney fund.
- Matt talks about how he'll do that sort of accounting for certain cards that offer cash back as a statement credit.
- The host somehow segues into talking about the Starbucks credit card, and how it comes with so many free drinks, and if you're a regular coffee drinker it's a great deal because you can take the free drinks and pocket the money you would've spent on coffee for Disney instead.
- Matt mentions buying Disney gift cards at office supply stores for 5% back with a Chase business card, which is even better than Target.
- Matt mentions charging everything to the Magic Band and paying them off at your hotel so they code as travel on the CSR for 3% back.
- Matt is corrected on the details of the CSR's AF and travel credit by the host.
- Hints UR points may be worth more than a cent several times, but doesn't mention the 1.5x redemption bonus through CSR. Does mention the travel portal and transferring to airline partners.
- The host asks how much of a barrier is there to getting business cards. Matt thinks people on the internet who say, "have you ever sold anything on eBay? You're a business!" are being unreasonable, but if you have some kind of (ongoing) activity from which you're trying to earn some extra money, that's good enough. Matt's wife is an independent contractor, and he says they apply for biz cards using her info.
- The other host and guest talk about financial responsibility, paying off bills every month so you don't incur interest, don't let credit cards make you think you have more spending power than you do, spend within your means, only charge what you would've spent anyway. All good advice.
- Discussion re effect of inquiries on credit score, typically see a rebound after a month or two, credit utilization ratio and how that factors in. Matt makes a good point when he says credit card companies won't approve you for new credit cards if your credit is bad. Matt says his credit score has never been better.
- Matt says he opens 3-4 cards at most a year, calls himself an "extreme example to a certain degree." Sounds like his wife is P2. (Lots of things he's said in the podcast make me think Matt may be undercounting how many cards he opens per year.)
- Matt is planning a family trip to Europe next year that he estimates will cost 250-300k points, and he's been focusing on Chase cards. A host asks him how he's doing it. Matt mentions he's been working on this for a few years, and kind of vaguely suggests it's a mix of signup bonuses and maximizing bonus categories.
- Matt and his family fly Southwest, and that's been the primary use of his UR points; says they've probably spent over 800k in SW points since starting this hobby.
- Lots of discussion about the SW Companion Pass, how it's a great deal, how to get it with credit card signup bonuses. Matt's strategy mostly discusses 1 biz card and 1 personal card, and waiting for higher signup bonuses on both that'll get you closest to 110k RR. Matt mentions Chase recently changed the rules and says he can't remember if it's now harder or impossible to get 2 personal cards. No mention of the double dip.

 

[Lain]

CSR application INSTANT APPROVAL! ($31,500 CL )
Now for the hand holding please.... Going to apply incognito mode on a different browser, any other tips?

Congratulations!



Go incognito, get the CSP approved today.

There's some DPs that suggest when the app asks if you'd like Chase to consider other sources of income, and if you put a few thousand more (from where, idk?), it might help to get auto-approval.

Hope to read more good news soon!

Good luck!

 

[Mopedmom1]

Congratulations!



Go incognito, get the CSP approved today.

There's some DPs that suggest when the app asks if you'd like Chase to consider other sources of income, and if you put a few thousand more (from where, idk?), it might help to get auto-approval.

Hope to read more good news soon!

Good luck!

So what if I drop the original income amount down a few k from the first app or should I keep that number consistent and fib on the other sources?

 

[happ]

Saw this comment on reddit last night linking to a Disney podcast, where they discuss credit card churning for Disney: https://www.reddit.com/r/churning/comments/9ao03k/daily_discussion_thread_august_27_2018/e4y0yb5

Matthew Truesdale (the guest), are you on this thread?

They didn't actually use the term "churning" but that's essentially what the guest is talking about.

The relevant discussion starts at 26:38 and goes to the end of the podcast, so runs about 48 minutes.

A few highlights:

- The host points out that Matt sent in a pic of about 69 credit cards.
- Matt mentions how every credit card issuer has their own rules for approving new cards (but no mention of any rule in detail, says generally can get a bonus on the same card again every 24 months, nothing about 5/24).
- Matt talks about how he has about 20 open credit cards and they all have different uses, and mentions the category bonuses on a few of them like the rotating 5% categories on the Chase Freedom and 6% cash back on groceries with the Amex Blue Cash Preferred.
- Matt mentions when he has a new card, he'll put the spend on that.
- Matt is redoing his kitchen and bath and it sounds like he's putting a significant amount of spend on his Lowe's credit card (!!!) for the 5% off.
- The host seems fixated on the 6% cash back on groceries and keeps going back to that card.
- They talk about maximizing savings on Target gift cards for Disney and how now that's dead, you can still use Target gift cards for regular shopping and shift the savings to a Disney fund.
- Matt talks about how he'll do that sort of accounting for certain cards that offer cash back as a statement credit.
- The host somehow segues into talking about the Starbucks credit card, and how it comes with so many free drinks, and if you're a regular coffee drinker it's a great deal because you can take the free drinks and pocket the money you would've spent on coffee for Disney instead.
- Matt mentions buying Disney gift cards at office supply stores for 5% back with a Chase business card, which is even better than Target.
- Matt mentions charging everything to the Magic Band and paying them off at your hotel so they code as travel on the CSR for 3% back.
- Matt is corrected on the details of the CSR's AF and travel credit by the host.
- Hints UR points may be worth more than a cent several times, but doesn't mention the 1.5x redemption bonus through CSR. Does mention the travel portal and transferring to airline partners.
- The host asks how much of a barrier is there to getting business cards. Matt thinks people on the internet who say, "have you ever sold anything on eBay? You're a business!" are being unreasonable, but if you have some kind of (ongoing) activity from which you're trying to earn some extra money, that's good enough. Matt's wife is an independent contractor, and he says they apply for biz cards using her info.
- The other host and guest talk about financial responsibility, paying off bills every month so you don't incur interest, don't let credit cards make you think you have more spending power than you do, spend within your means, only charge what you would've spent anyway. All good advice.
- Discussion re effect of inquiries on credit score, typically see a rebound after a month or two, credit utilization ratio and how that factors in. Matt makes a good point when he says credit card companies won't approve you for new credit cards if your credit is bad. Matt says his credit score has never been better.
- Matt says he opens 3-4 cards at most a year, calls himself an "extreme example to a certain degree." Sounds like his wife is P2. (Lots of things he's said in the podcast make me think Matt may be undercounting how many cards he opens per year.)
- Matt is planning a family trip to Europe next year that he estimates will cost 250-300k points, and he's been focusing on Chase cards. A host asks him how he's doing it. Matt mentions he's been working on this for a few years, and kind of vaguely suggests it's a mix of signup bonuses and maximizing bonus categories.
- Matt and his family fly Southwest, and that's been the primary use of his UR points; says they've probably spent over 800k in SW points since starting this hobby.
- Lots of discussion about the SW Companion Pass, how it's a great deal, how to get it with credit card signup bonuses. Matt's strategy mostly discusses 1 biz card and 1 personal card, and waiting for higher signup bonuses on both that'll get you closest to 110k RR. Matt mentions Chase recently changed the rules and says he can't remember if it's now harder or impossible to get 2 personal cards. No mention of the double dip.

I remember listening to this episode and chuckling when they were talking about the Starbucks card.

 

[Mopedmom1]

Successful double dip! I am still shaking!

 

[Lain]

So what if I drop the original income amount down a few k from the first app or should I keep that number consistent and fib on the other sources?

At this point, I’d probably keep it consistent. I remember @SouthFayetteFan was thinking about underestimating his income on the first app and then putting more on the second app. The first app is usually the CSR, which is known to give crazy high CLs.

 

[Lain]

Successful double dip! I am still shaking!

Haha. I was just replying to you!

Congratulations!

So great to have the thread refresh with the great news!

 

[Mopedmom1]

Haha. I was just replying to you!

Congratulations!

So great to have the thread refresh with the great news!

Thank you! Yeah, we need all the good news we can scrounge up lately.
Can I call to expedite the CSR or is it better to not have eyes on the account?

ETA: I used the original amount but added a few k from our rental property income.

 

[palhockeymomof2]

Successful double dip! I am still shaking!

Double Congrats

 

[Lain]

Thank you! Yeah, we need all the good news we can scrounge up lately.
Can I call to expedite the CSR or is it better to not have eyes on the account?

The CSR is automatically expedited. You should have it in about 2 days.

 

[miztressuz]

Successful double dip! I am still shaking!

Two dance parties for you! Congratulations

The only thing that tops this is seeing both bonuses in your CSR UR portal

 

[jhoannam]

@GZanta77 and @WVMomof3 - I am confused. I checked Experian and am definitely at 5/24 with one closed card. Credit Journey tells me on my Home page that I have 5 opened cards within the last 24 months. If they are not counting my closed card, shouldn't that say 4 opened cards?

I cannot see how to tell where on Credit Journey those 5 opened cards are listed. When I look under credit report it lists all my cards. Is there a place where they just list what they have recorded for the 5/24 cards?

Edit: Does Credit Journey count my car loan in the 5/24? That is the only thing that makes sense.

I have a car loan and it isn't being counted. I'm at 4/24.

 

[happ]

Successful double dip! I am still shaking!

Congratulations!

 

[SouthFayetteFan]

At this point, I’d probably keep it consistent. I remember @SouthFayetteFan was thinking about underestimating his income on the first app and then putting more on the second app. The first app is usually the CSR, which is known to give crazy high CLs.

I think I did end up doing this. I honestly can’t recall exactly though.

 

[Artygal90]

If I met MSR on August 22nd and my statement closes on September 4th, when will my bonus points show as "pending" on my account?

Oh, and my Plastiq rent payment officially coded at 1x UR on the 22nd. Sad

 

[Lain]

If I met MSR on August 22nd and my statement closes on September 4th, when will my bonus points show as "pending" on my account?

Oh, and my Plastiq rent payment officially coded at 1x UR on the 22nd. Sad

It can take up to a week to show as pending. You need the points to go pending before the statement closes for them to post.

 

[alryan]

Successful double dip! I am still shaking!

Congratulations!!

 

[Artygal90]

It can take up to a week to show as pending. You need the points to go pending before the statement closes for them to post.

Thanks!

 

[miztressuz]

I have a car loan and it isn't being counted. I'm at 4/24.

I can't figure them out, I just double checked and it does say I'm 5/24. But the only way that is, is by counting my HE Loan that's listed in "installment accounts". I'm really 4/24 as shown by the Revolving Accounts section.

Wish they'd make "opened date" a column instead of having to open every single account and scrolling to the bottom of the info to find it. Although I guess that's only interesting, and a problem, for folks like us (and I'm not even in the big leagues )