I love credit cards so much!

[CoP Luv]

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.

I am only at 2/24, so I am good there. Only 1 card in the last 12 months (Disney Visa in Summer 2017). I was thinking off applying for the CIC next month. The $3k spend is much more manageable than $5k, unless we have big bills (most of our yearly insurance bills are June and August, so was planning on having that be a major part of the CIP spend).

If I am doing the math right, I would receive 16.67 UR per dollar spent for the bonus on the CIC with no AF and only 16 UR per dollar spent on the CIP with an annual fee. Again, not sure if I would utilize the CIP to warrant the annual fee. The initial thought was to go for the CIP to get the UR bonus and then probably ditch it.

This would be my first business card, so all credit lines are on personal.

Thanks for your thoughts!

 

[Lain]

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).

Not much help here, but like I said @SouthFayetteFan 's looked a lot at the shutdown reports so he'd have better insight. But you really need to get DH off as an AU!

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.

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.

The CSP... 50k or 60k UR, depending on the offer, from the signup bonus alone. Maybe another 10k for the referral and 5k UR for adding an AU. But double dipping adds another card to your slot and added scrutiny if you have to call in to get one or both cards approved.

The CIC is a solid earnings maximizer because you're earning 5x UR on gift cards from office supply stores and apps. And now it comes with a 50k UR signup bonus with a lower minimum spend than the CSP and $0 AF! That's 5x UR on almost everything -- Disney, retailers, restaurants, gas, entertainment and online services, travel, VGCs for everything else. Forget using CIC for 2x UR on gas; use the CIC to buy gas cards at OD/OM/Staples for 5x UR! If you think you'll hit the $25,000 cap on 5x UR, get 2!

 

[DisneyMandC]

Not much help here, but like I said @SouthFayetteFan 's looked a lot at the shutdown reports so he'd have better insight. But you really need to get DH off as an AU!

The CSP... 50k or 60k UR, depending on the offer, from the signup bonus alone. Maybe another 10k for the referral and 5k UR for adding an AU. But double dipping adds another card to your slot and added scrutiny if you have to call in to get one or both cards approved.

The CIC is a solid earnings maximizer because you're earning 5x UR on gift cards from office supply stores and apps. And now it comes with a 50k UR signup bonus with a lower minimum spend than the CSP and $0 AF! That's 5x UR on almost everything -- Disney, retailers, restaurants, gas, entertainment and online services, travel, VGCs for everything else. Forget using CIC for 2x UR on gas; use the CIC to buy gas cards at OD/OM/Staples for 5x UR! If you think you'll hit the $25,000 cap on 5x UR, get 2!

You're right on all of the above! I'm going to SM Chase now about removing him as an AU. Didn't think about buying gas gift cards at the office stores.

I feel like I've read so much but have so much left to learn...!

 

[mhartman09]

Saw on Reddit there appears to be a public offer of $500 cashback on CIC:
https://creditcards.chase.com/small...CELL=6TKX&IP3H=Y71UH0&SP4R=Y538C4&F42G=FH24R8
Previously this was only available to BRM clients!
(Also: pg 1000 to all!)

Now I'm pretty glad I decided to drag my feet a bit on the CIC after realized I am indeed 4/24. This is just the thing I needed to pull the trigger on this card!

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.

I think this made me laugh a little too hard! I've had dreams about applying for cards and being denied and things like that so I totally get it. This is way more intense than a denial though.

 

[chattadisser]

Question about the CIC - am I reading it correctly that the bonus points for the office supply stores, internet/cell act are not paid out till the anniversary date, on a yearly basis? Or am I just reading it wrong?

Thanks!

 

[SouthFayetteFan]

I've been tagged on a couple of questions on Shutdowns. Probably the best way to evaluate that is for somebody to list ALL cards they opened in the last 24 months in order with month/year opening dates too. I'd be happy to then take a look and give my (non)expert opinion, haha!

 

[CoP Luv]

The CIC is a solid earnings maximizer because you're earning 5x UR on gift cards from office supply stores and apps. And now it comes with a 50k UR signup bonus with a lower minimum spend than the CSP and $0 AF! That's 5x UR on almost everything -- Disney, retailers, restaurants, gas, entertainment and online services, travel, VGCs for everything else. Forget using CIC for 2x UR on gas; use the CIC to buy gas cards at OD/OM/Staples for 5x UR! If you think you'll hit the $25,000 cap on 5x UR, get 2!

Thanks for the added insight! I think I am going to go for it next month once we finish up our current MSR. We don't have Office Supply stores near us except for 1 about 20 minutes away (both of ours closed this last year), but I head down there about once a month so I could maybe take advantage.

@SouthFayetteFan : I think you were tagged in my post from @Lain in regard to shutdown and I got the CSR in 1/17, and Disney Visa in Summer 2017 as my only cards in the last 24 months, so I don't think I am anywhere near shutdown status. Thanks!

 

[SouthFayetteFan]

Thanks for the added insight! I think I am going to go for it next month once we finish up our current MSR. We don't have Office Supply stores near us except for 1 about 20 minutes away (both of ours closed this last year), but I head down there about once a month so I could maybe take advantage.

@SouthFayetteFan : I think you were tagged in my post from @Lain in regard to shutdown and I got the CSR in 1/17, and Disney Visa in Summer 2017 as my only cards in the last 24 months, so I don't think I am anywhere near shutdown status. Thanks!

Yeah, haha - you are safe as can be

 

[gottalovepluto]

I am only at 2/24, so I am good there. Only 1 card in the last 12 months (Disney Visa in Summer 2017). I was thinking off applying for the CIC next month. The $3k spend is much more manageable than $5k, unless we have big bills (most of our yearly insurance bills are June and August, so was planning on having that be a major part of the CIP spend).

If I am doing the math right, I would receive 16.67 UR per dollar spent for the bonus on the CIC with no AF and only 16 UR per dollar spent on the CIP with an annual fee. Again, not sure if I would utilize the CIP to warrant the annual fee. The initial thought was to go for the CIP to get the UR bonus and then probably ditch it.

This would be my first business card, so all credit lines are on personal.

Thanks for your thoughts!

When most of us hit these cards it's not for keeping them, it's for the bonus. I'll propose a bit of a different thinking process:
1) how much spend can you meet in 3 months? [right now you can only meet the $3K spend so that is your cap no matter how awesome the bonus is on the other card]
2) what is the value of the bonus minus the FIRST year AF? [this tells you if you should be getting the card at all, obviously the value is great in year 1 for CIC and CIP]
3) what is the value of the card in year 2, so just the AF with no bonus? Not great on the CIP if you already have a CIC and are not a Plastiq guru- therefore, cancel it or downgrade it to a CIC. I suspect you'll want to cancel as you don't sound like the type to max categories out to the point where you need duplicate type cards. And IT'S OK TO CANCEL A CARD AFTER ONE YEAR. The only cards you want to avoid canceling are cards over 10 years old- other than that even canceled cards stay and age on your credit report up to 10 years then they drop off.

CIC is a long term keeper and I think it makes a lot of sense to pick it up now for you. CIP is a hit and drop, hit the bonus then drop it like it's hot (ie cancel ) when the af comes due in year 2.

 

[gottalovepluto]

Saw mention on reddit of 1 person getting matched by Chase to the $500 CIC offer as they applied under the $300 offer. I don't think anyone mentioned being in that basket but I know we have many quiet ones here so I'm throwing this out there in case that's you!

 

[gottalovepluto]

Question about the CIC - am I reading it correctly that the bonus points for the office supply stores, internet/cell act are not paid out till the anniversary date, on a yearly basis? Or am I just reading it wrong?

Thanks!

Nah, you get the points every statement closing exactly like CIP, CSR, CSP. etc. They come in the form of UR and are transferable to other UR cards!

 

[gottalovepluto]

...We don't have Office Supply stores near us except for 1 about 20 minutes away (both of ours closed this last year), but I head down there about once a month so I could maybe take advantage....

Thing's we learned about @CoP Luv today: it's entirely possible they live in the boondocks of Alaska
(I feel like we have one every other block and I have NO idea how they stay in business because no one is ever there!)
ETA: LOL- I read your comment as 1 hour 20 mins from the nearest store... I need to slow down my reading!

 

[DisneyMandC]

I've been tagged on a couple of questions on Shutdowns. Probably the best way to evaluate that is for somebody to list ALL cards they opened in the last 24 months in order with month/year opening dates too. I'd be happy to then take a look and give my (non)expert opinion, haha!

Me please!

DH:
5/17- Amazon
9/17- AU on my CSP (CLOSED on credit report)
10/17- AU on my CF (Just SMed Chase to remove him, took less than a month for Experian to remove the other AU from his report)
2/18- CIP

Me:
9/17- CSP
10/17- CF
1/18- Marriott Biz

I do NOT MS of any kind, including no VGCs or use of Plastiq. All my spend is completely organic, and I make sure to use all of our cards intermittently after meeting MSRs. DH has a real eBay business that has generated several thousand in profit this year already, so he's legit on all business cards (though I know that hasn't always mattered for some).

Ideally, I would like to get all my UR earning cards completed before November this year so I can book a Disney vacation for next September at the end of the year. I'm interested in CSR for DH, CIP for me, and maybe the CIC for DH too if this offer hangs around (or even if it doesn't). @Lain and I had discussed double dipping CSR/CSP, but I honestly don't even know that I want to attract that level of attention from Chase, and it would be getting a little tough to meet that spend organically.

So appreciate your help

 

[WVMomof3]

PVD, MHT and BDL are all a considerable drive from Boston - esp. if you are traveling either way in the morning or evening (forget rush hour - its rush hours in the Boston area, and traffic sucks in all directions). Would add a lot of travel time and necessitate a rental car.

I recommend you go car-less - parking is a pain (and expensive) and between the T and uber/lyft, you will likely get around more inexpensively anyway (again, if you can avoid uber/lyft when its commuting time - surge pricing can get bad). Pretty sure that both campuses are fairly close to T stations, and the T is pretty user friendly. Getting to the city from Logan using the T is not great, but there are water taxis, which are kind of a fun way to cross the harbor, or lyft/uber.

Have fun - Boston is a great town!

Thanks. I did briefly look at those other airports and they did seem far away. I am already driving extra to get to the airport because PIT did not have a nonstop on Southwest but BWI did and they were close to the same price. So I would rather drive a little extra then connect. I hate flying! One takeoff and landing a trip is already too much! We will find out next week if she gets into Tufts, if she didn't then I will probably cancel the trip. BU is out of our price range with the aid they offered. I will look at the T. I think that is how we got around when we visited a few years ago.

 

[DisneyMandC]

Thing's we learned about @CoP Luv today: it's entirely possible they live in the boondocks of Alaska
(I feel like we have one every other block and I have NO idea how they stay in business because no one is ever there!)
ETA: LOL- I read your comment as 1 hour 20 mins from the nearest store... I need to slow down my reading!

Lol I was wondering what your classification of boondocks was!! I was like jeez, my closest one is 15 minutes away... hahaha.

 

[miztressuz]

Omg I remember that game!!! I’m 1978 so I’m def repping Oregon Trail generation, hahaha! Don’t lose your cattle or else! Oh and I always got the measles, lol.

I'd rather have the measles than the dysentery we always managed to get (there really needed to a be a "boil water" action in that game...). But I'll take Oregon Trail over Gen Y, someone wasn't really trying there.

 

[Albort]

Me please!

DH:
5/17- Amazon
9/17- AU on my CSP (CLOSED on credit report)
10/17- AU on my CF (Just SMed Chase to remove him, took less than a month for Experian to remove the other AU from his report)
2/18- CIP

Me:
9/17- CSP
10/17- CF
1/18- Marriott Biz

I do NOT MS of any kind, including no VGCs or use of Plastiq. All my spend is completely organic, and I make sure to use all of our cards intermittently after meeting MSRs. DH has a real eBay business that has generated several thousand in profit this year already, so he's legit on all business cards (though I know that hasn't always mattered for some).

Ideally, I would like to get all my UR earning cards completed before November this year so I can book a Disney vacation for next September at the end of the year. I'm interested in CSR for DH, CIP for me, and maybe the CIC for DH too if this offer hangs around (or even if it doesn't). @Lain and I had discussed double dipping CSR/CSP, but I honestly don't even know that I want to attract that level of attention from Chase, and it would be getting a little tough to meet that spend organically.

So appreciate your help

based on my reads of shutdowns, follow these rules.
Soft codes */a number | *= chase cards only
2/3
3/6
4/12

hard codes
for Ink cards 0/30
of course the usual 5/24

id avoid any apps for your self. one card only if u must for at least a year. (4/12)
for your DH, apply for CIC now(2/3), double dip sometimes in September/October. (3/6)
not MS with plastiq and VGCs doesnt really prevent shutdowns, its the number of apps applied that does imo.
you also mentioned that you want to earn 1.5x via CFU... would you swipe an SPG card instead for your 1x noncategory? i think SPG is worth swiping at the non cat level.

These are just my 2 cents. @SouthFayetteFan may have another theory.

 

[SouthFayetteFan]

Me please!

DH:
5/17- Amazon
9/17- AU on my CSP (CLOSED on credit report)
10/17- AU on my CF (Just SMed Chase to remove him, took less than a month for Experian to remove the other AU from his report)
2/18- CIP

Me:
9/17- CSP
10/17- CF
1/18- Marriott Biz

I do NOT MS of any kind, including no VGCs or use of Plastiq. All my spend is completely organic, and I make sure to use all of our cards intermittently after meeting MSRs. DH has a real eBay business that has generated several thousand in profit this year already, so he's legit on all business cards (though I know that hasn't always mattered for some).

Ideally, I would like to get all my UR earning cards completed before November this year so I can book a Disney vacation for next September at the end of the year. I'm interested in CSR for DH, CIP for me, and maybe the CIC for DH too if this offer hangs around (or even if it doesn't). @Lain and I had discussed double dipping CSR/CSP, but I honestly don't even know that I want to attract that level of attention from Chase, and it would be getting a little tough to meet that spend organically.

So appreciate your help

Both of you should be in the safe zone at this point (for sake of this I'm going to add the AU cards and business cards because I'd think Chase can look at all of that when determining bust-out risk). So for these purposes your husband has 4 new accounts in the last 24 months, 4 in the last 12, 2 in the last 6 and 1 in the last 3 (4/24, 4/12, 2/6, 1/3). You have 3 in the last 24, 3 in the last 12, 2 in the last 6 and 1 in the last 3 (3/24, 3/12, 2/6, 1/3).

If I were developing your strategy, I'd have your husband refer you to CIP next. Let's say you do that in April...then come back with your husband in June/July for the CSR (and I'd strongly consider the CSR/CSP double dip but that's for you to decide ). If your combined credit limits with Chase start to get really high I'd consider reducing them a little as well.

 

[Lain]

Thanks for the added insight! I think I am going to go for it next month once we finish up our current MSR. We don't have Office Supply stores near us except for 1 about 20 minutes away (both of ours closed this last year), but I head down there about once a month so I could maybe take advantage.

Don’t forget that you can buy a variety of e-gift cards anywhere on your phone using Gyft and Swych apps, which currently earns 5x UR on CIC through PayPal checkout.

Next quarter, the Freedom’s 5x category also includes PayPal transactions so anyone with that card can use it too.

 

[wendow]

This CIC offer is really upsetting my all-nicely-stacked applecart! I had finally decided to go for the 35k SPG biz offer, and thinking CIC after that at the $300 cash back offer. Now, I'm wondering if I do the $500 CIC instead (for dh...he is 3/24) and then do the spg biz at the lower offer after!?!?! Argh! It's going to take me 3 mos to meet that spend on the spg and the CIC may have dropped back down by then.