I love credit cards so much!

[CoP Luv]

I have a few questions regarding this new CIC offer:

• The $500 bonus comes in the form of UR, right? Can these be transferred to CSR?
• I was thinking of applying for the CIP in June to get the bonus, but probably won't use the card much (mortgage through Chase, so no Plastiq). Would it be bad to apply for both probably within two months of each other?
• We are finishing up spend on DH's CSR this month, so I will be able to start on another spend soon.
• I was thinking of changing my CL for my chase cards before applying for either just because they are really, really high. Thoughts?

Thanks!!!

 

[Lain]

What is the difference between CIP and CIC? They're both Chase business cards? I'm pretty sure I was told the CIP won't count against the */24; will the CIC?

The CIP comes with a 80k UR signup bonus after spending $5,000 in 3 months, the ability to refer for 20k UR up to 100k UR, but carries a $95 AF. The CIP earns 3x UR in the following bonus categories: (1) travel, (2) shipping purchases, (3) Internet, cable and phone services, and (4) advertising purchases made with social media sites and search engines. (As we know, the 3x UR category also includes Plastiq, Gyft, Swych, Venmo, eBay sellers fees, etc. The CIP also includes cell phone insurance, subject to limitations, if you pay your bill with it.) Points are worth 25% more when redeemed through the CIP's UR portal (but if you transfer the UR points to a CSR, they are worth 50% more).

The CIC now comes with a $500 cash back (which is actually 50k UR) signup bonus after spending $3,000 in 3 months (historically, the public offer has been just $300 cash back or 30k UR), no ability to refer, but has $0 AF. The CIC earns 5x UR on purchases up to $25,000 in the following categories: (1) office supply stores and (2) internet, cable and phone services. (For office supply stores, think 5x UR on VGCs and gift cards to Disney and hundreds of different merchants, restaurants, gas, and online services. The CIC also currently earns 5x UR on Gyft and Swych through PayPal checkout. The CIC does not earn any bonus on Plastiq.) The CIC also earns 2x UR on purchases up to $25,000 in: (3) dining and (4) gas stations. The CIC is a "cash back" card, so you technically earn cash back in the form of UR points (1 point = 1¢); so you'll need to combine your points to a one of Chase's premium UR cards like the CIP, CSP, or CSR to transfer or redeem for travel.

Both are business cards and won't count against */24, but you do have to be under 5/24 to be approved.

 

[DisneyMandC]

If I get this CIC, DH is going to need so many labels for all his different cards to know what to use

 

[Lain]

Also, I just got the CIP. My only other Chase card is the Chase Sapphire Preferred (CSP? Not sure about these acronyms yet). I assumed that when I log into my Chase account both cards would show up, but the CIP is not there. It's activated. Would I have a separate log-in for this because it's a business card?

Congratulations! The CIP (or any Chase business card) is not automatically added to your personal account. You'll have to set up a separate Chase for Business account for your new card. You could ask Chase to combine your personal accounts to your business accounts to have them all in one place. However, it's typically recommended to keep the two accounts separate because (1) until recently, the business website design was terrible and combining your personal accounts with your business accounts would mean using the business website. Chase has been rolling out a new design, and it's a lot better, but not everyone has it yet (my Marriott Biz still has the old design). And (2) combining personal accounts with business accounts rendered Chase Pay unusable, which caused some people to miss out on the promotions. I've read reports that this issue has been fixed, but don't have personal experience with that.

 

[Lain]

I have a few questions regarding this new CIC offer:

• The $500 bonus comes in the form of UR, right? Can these be transferred to CSR?
• I was thinking of applying for the CIP in June to get the bonus, but probably won't use the card much (mortgage through Chase, so no Plastiq). Would it be bad to apply for both probably within two months of each other?
• We are finishing up spend on DH's CSR this month, so I will be able to start on another spend soon.
• I was thinking of changing my CL for my chase cards before applying for either just because they are really, really high. Thoughts?

Thanks!!!

1. Yes, 50k UR. Can be transferred to CSR.

2. Keep in mind your 5/24 status and the 0/30 rule. You still need to be under 5/24 to apply for the CIC, and you can't have made any other Chase card application in the preceding 30 days. Aside from that, you'll need to consider how hard have you been hitting Chase recently. How many cards will you have gotten from Chase in the last 3 months, 6 months, 12 months (*/3 */6, */12)? @SouthFayetteFan could better advise whether you'd be putting yourself at risk of shutdown.

3. Recent DPs suggest that Chase is still allowing moving around credit to open new cards, but there have been increasing reports of people being told that is not an option, and others being offered to close certain cards to open a new one. So it's YMMV. Chase considers total credit extended to you to include both personal and business lines of credit. However, you cannot offer to move credit from personal to business, or vice versa. So if you're going to proactively reduce your credit, do it on the personal side since you can't offer to move that credit over to open a CIP or CIC anyway. You'll probably want to do this 2 weeks to a month before applying for a new card so that the lowered credit lines are reflected.

 

[GlamMistress]

This is a great post for those of us who have been in the game awhile. I feel this blogger's pain (I also really like this blog, much more than the pumpers).

http://outandout.boardingarea.com/w...020.992458854.1521811651-247138499.1511290361

 

[Lain]

If I get this CIC, DH is going to need so many labels for all his different cards to know what to use

I'm all for diversifying your wallet to cover all the bases! Maybe you could buy a fancy label maker to help with the MSRs.

 

[peel]

Last night I dreamt the federal government decided to crack down on credit card churning. Without warning, they shut down the Doctor of Credit site, and made a new law that each household could only hold 4 credit cards at one time and couldn’t cancel one without a government review. How’s that for a nightmare?

I might spend too much time thinking about credit cards.

 

[DisneyMandC]

2. Keep in mind your 5/24 status and the 0/30 rule. You still need to be under 5/24 to apply for the CIC, and you can't have made any other Chase card application in the preceding 30 days. Aside from that, you'll need to consider how hard have you been hitting Chase recently. How many cards will you have gotten from Chase in the last 3 months, 6 months, 12 months (*/3 */6, */12)? @SouthFayetteFan could better advise whether you'd be putting yourself at risk of shutdown.

Do we know if they're including business cards in shutdowns? Just curious.

Maybe I'll flip-flop and apply for the CSR for DH next. If I miss out on the increased offer for CIC, it won't be the worst thing that has ever happened. However, if I get the CIC right after getting the CIP, and then for some reason get flagged on the CSR later, I'd be REALLY upset. We will probably keep the CSR long term, so I want it in our wallet more than any of the other cards!

 

[DisneyMandC]

I'm all for diversifying your wallet to cover all the bases! Maybe you could buy a fancy label maker to help with the MSRs.

My goal is to eventually getting us to the point where we're earning at least 1.5 URs on every purchase we make!

 

[1GoldenSun]

he CIP comes with a 80k UR signup bonus after spending $5,000 in 3 months, the ability to refer for 20k UR up to 100k UR, but carries a $95 AF. The CIP earns 3x UR in the following bonus categories: (1) travel, (2) shipping purchases, (3) Internet, cable and phone services, and (4) advertising purchases made with social media sites and search engines. (As we know, the 3x UR category also includes Plastiq, Gyft, Swych, Venmo, eBay sellers fees, etc. The CIP also includes cell phone insurance, subject to limitations, if you pay your bill with it.) Points are worth 25% more when redeemed through the CIP's UR portal (but if you transfer the UR points to a CSR, they are worth 50% more).

The CIC now comes with a $500 cash back (which is actually 50k UR) signup bonus after spending $3,000 in 3 months (historically, the public offer has been just $300 cash back or 30k UR), no ability to refer, but has $0 AF. The CIC earns 5x UR on purchases up to $25,000 in the following categories: (1) office supply stores and (2) internet, cable and phone services. (For office supply stores, think 5x UR on VGCs and gift cards to Disney and hundreds of different merchants, restaurants, gas, and online services. The CIC also currently earns 5x UR on Gyft and Swych through PayPal checkout. The CIC does not earn any bonus on Plastiq.) The CIC also earns 2x UR on purchases up to $25,000 in: (3) dining and (4) gas stations. The CIC is a "cash back" card, so you technically earn cash back in the form of UR points (1 point = 1¢); so you'll need to combine your points to a one of Chase's premium UR cards like the CIP, CSP, or CSR to transfer or redeem for travel.

So $5000 spend for 80,000 UR for CIP; $3000 for essentially 50,000 UR for CIC? That ratio is actually pretty comparable, isn't it? Math is not my strongest point.

 

[Lain]

Hmmm ok maybe I want to retract this statement. Here's an idea... what if instead of double dipping DH next month, I got him the CIC instead, met that spend, and then went for the CSR for him after that? I'm coming out with the same number of URs afterwards, but I don't have to meet an 8k MSR in 3 months... The only thing I would lose is the referral points from my CSP, which isn't THAT big of a deal. I'd be happier not trying to meet that spend and the stress of double dipping (which is for some reason freaking me out).

DH's cards:

Chase Amazon Visa- 5/17
AU on my CSP- 9/17 (confirmed closed on his credit report)
AU on my Chase Freedom- 10/17
CIP- 2/18

Can I get him the CIC after just getting him the CIP? Would that look weird to Chase? Thoughts, anybody?

If you went for the CIC (50k UR/$3k MSR/3 months) and then only the CSR (50k UR/$4k MSR/3 months), I guess the tradeoff would be DH will have missed the double dip and removed the possibility of getting the CSP bonus (50k UR/$4k MSR/3 months + 10k UR referral for you) for at least another 24 months. You're looking at $1k less MSR staggered over ~6 months vs. $8k MSR in overlapping 3 months. I'd note that hitting MSR on Chase cards is probably easier than on Amex because bank funding and VGCs are still open options.

A possible upshot could be you're spacing your applications out more.

As far as getting the CIC after getting the CIP, like I wrote above, keep in mind DH's 5/24 status and the 0/30 rule. DH is still under 5/24, but he can't have made any other Chase card application in the preceding 30 days. Aside from that, you'll need to consider how hard DH's has been hitting Chase recently. How many cards will DH have gotten from Chase in the last 3 months, 6 months, 12 months (*/3 */6, */12)?

If DH spaces his CIP, CIC, and then CSR applications ~3 months apart, that might be enough. @SouthFayetteFan might have more insight. DH might also do CIP, CSR, then CIC to space his two business cards ~6 months apart. I think adding the CSP for a double dip into either mix might be asking for trouble.

 

[Lain]

Last night I dreamt the federal government decided to crack down on credit card churning. Without warning, they shut down the Doctor of Credit site, and made a new law that each household could only hold 4 credit cards at one time and couldn’t cancel one without a government review. How’s that for a nightmare?

I might spend too much time thinking about credit cards.

You are aware that Republicans are in control of both houses of Congress and the Executive, right?

 

[peel]

You are aware that Republicans are in control of both houses of Congress and the Executive, right?

 

[hsmamato2]

My goal is to eventually getting us to the point where we're earning at least 1.5 URs on every purchase we make!

isn't that simply using the F U card everywhere?

 

[peel]

I was dumb when I got my Hyatt. It is one the one that put me 5/24. (I had heard it was not subject to 5/24 and stupidly thought it would not count). BUT I like it. I got 2 nights free at the Hyatt Regency in Maui with it. Another pro I would add to your list is the free night every year with the $75 annual fee. As said above I don’t mind annual fees if you get something for it. With the Hyatt you get the free room for a fairly affordable fee.

I think I'm going to stick to my plan of referring DH for the CIP, but add the Hyatt card afterwards, as long as he thinks he'll be able to stay at Hyatt Place hotels when he's traveling. I'll give up the benefit of having it for my May trip, but I think it makes sense down the line to have the card. Thanks!

 

[Judique]

You are aware that Republicans are in control of both houses of Congress and the Executive, right?

Anything is possible right now and the faces change just about every day.

 

[speedyfishy]

This CIC offer is throwing of my plans. In May I was going to get SO the Delta Biz and try for the AA Biz. Now I think in May I’ll get the CIC for me and my SO if the offer is still around. That would put me at 6 Chase cards in 14 months. Hopefully, that isn’t hiting them too hard. But I also need to get SO the Delta Biz in May too. I need the Delta points for Rome. So we have to get him approved for the CIC then hopefully we can get the Delta. I really just need every card now.

 

[DisneyMandC]

If you went for the CIC (50k UR/$3k MSR/3 months) and then only the CSR (50k UR/$4k MSR/3 months), I guess the tradeoff would be DH will have missed the double dip and removed the possibility of getting the CSP bonus (50k UR/$4k MSR/3 months + 10k UR referral for you) for at least another 24 months. You're looking at $1k less MSR staggered over ~6 months vs. $8k MSR in overlapping 3 months. I'd note that hitting MSR on Chase cards is probably easier than on Amex because bank funding and VGCs are still open options.

A possible upshot could be you're spacing your applications out more.

As far as getting the CIC after getting the CIP, like I wrote above, keep in mind DH's 5/24 status and the 0/30 rule. DH is still under 5/24, but he can't have made any other Chase card application in the preceding 30 days. Aside from that, you'll need to consider how hard DH's has been hitting Chase recently. How many cards will DH have gotten from Chase in the last 3 months, 6 months, 12 months (*/3 */6, */12)?

If DH spaces his CIP, CIC, and then CSR applications ~3 months apart, that might be enough. @SouthFayetteFan might have more insight. DH might also do CIP, CSR, then CIC to space his two business cards ~6 months apart. I think adding the CSP for a double dip into either mix might be asking for trouble.

If I get DH the CSR next month, he will be 3/6 if we are counting him being an AU on my Freedom. I could wait until May or June to get him the CSR and that would put him at 2/6, but I question how much they're really counting AU as part of that number (but maybe that's just me).

I think adding the CSP for a double dip might be asking for trouble too. That's my real concern. I want to maximize our earnings, but I DEFINITELY don't want to be looked at any closer. I need to get the CIP for myself, but I was going to wait until this fall since I am-

CSP- 9/17
CF- 10/17
Marriott Biz- 2/18

Ugh, decisions... I wonder how long this CIC offer will stick around.

You are aware that Republicans are in control of both houses of Congress and the Executive, right?

LOL ok I laughed!!!

 

[DisneyMandC]

isn't that simply using the F U card everywhere?

What I'd like to do is be able to use my other Chase cards to max their UR earning value (CIC for 2x gas and 5x phone and internet, CSR for 3x restaurant and travel, CF in 5x rotating categories) and then use the CFU for anything not included in a category so I can get 1.5x on all miscellaneous purchases.