Spend $5,000 > Get 55,000 Points. I have an Ink Preferred, a Freedom Unlimited and a Sapphire Reserve. If you have a simple data point to share, there's a thread for that too. In other words, your credit bureau will show 1 hard inquiry from Chase instead of 2. Why didn’t Freedom card make the cut? Thanks for the heads up. #1 Churning Resource - FAQ: … 100 points is $1. A little bit of disclaimer in hand – everything in this section assumes the following: You don’t have a special circumstance preventing you on focusing on UR cards only, You have fair amount of time to focus on UR cards only, You’ve at least 2 slots left in 5/24 i.e. 5/24 on r/churning Wiki 5/24 Rule Explained – DoC What Credit Bureau does Chase Pull? If those points roll over (Googling suggests it historically takes another week or two to post to your account), then I have a no-brainer to fly VX as much as possible and credit as many AS flights to my VX as possible. 3P Links Voted in by subscribers, NOT managed or controlled by Mods. Please elaborate what you mean by "thin credit file". Churning Chase Bank Bonuses Like a Pro. Card issuer rules limit the practice: Many issuers have enacted policies to discourage churning by limiting the number of cards you can open or the number of bonuses can you receive in a given period. Do I burn 5/24 slot on UR earning card or non-UR like Marriott, United, or Southwest? On the contrary, it is strongly advised that you don't recon for Chase business applications, particularly if your business is a "business". It started just like 2019 ended - with the AApocalypse. Chase famously refuses to issue credit cards to people who have taken out more than five new cards in the past 24 months. Remember you can only recon within 30 days from the day you submitted your application. This should be required reading before anyone posts in any thread. But in order to get to the heart of this question, I expect you to know certain things before hand, let’s call them “prerequisites”. Finally, after tackling the question from various angles, I will end this guide by answering some Frequently Asked Questions (FAQs). Above ranking is often ideal for those who have enough time to space out business space out business applications. You could get that card non-UR card and then visit a Chase branch to see if you’re pre-approved for a UR earning card. Cookies help us deliver our Services. Air travel was non-existent for awhile, and even now, people in the US can barely travel abroad. A lot of thought went into this...now how do you get new people to read it?? As soon as new cards, exclusive offers and special deals go live from different providers or financial institutions, they hit the subs immediately. Here are a few threads on Reddit we found worth checking out. Credit card approvals got harder across the board, Current & Recent Credit Card Offers - Managed by u/stackingpoints. 3 and 4 being csp and csw plus. Unfortunately, you can no longer get a second Southwest personal card if you are a current cardholder of a different personal card or received the bonus on a personal card in the past 24 months (see here for details). Credit card churning is the practice of signing up for credit cards that offer large sign-up bonuses, and then canceling the cards once the bonus points are redeemed and used. I answer a lot of question in r/churning newbie thread and lately I’ve noticed that there is one question that I end up answering multiple times every day…and well it is getting a bit repetitive. 6 Account … You could attempt to get around this situation by dropping a 3rd Chase app some days after your 1st Chase app. Suppose you are at 4/24 and decide to apply for 2 personal chase cards on the same day. Disclaimer: By using a referral link on this site you understand that the person whose referral you are using may receive a bonus from the credit card issuer for your application. For booking award travel, head on over to the r/AwardTravel. For one thing, churning credit cards could turn into a time-consuming hobby, especially if you have to keep track of multiple credit card due dates and requirements for earning various bonuses. 165 Comments. Do people lose all their UR points if that happens? There are a lot of websites recommending credit cards, but Reddit Churning is the only site that has zero conflict of interest. As such, Ink products do not count towards 5/24 but remember 5/24 does apply to them. Ideally speaking Freedom cards are what you downgrade to not what you start with. I always advised using the one where you have to hit #, 3, 1. The only component with it is that it … My husband has had success churning the Southwest Rapid Rewards Plus card, which is subject to the Chase 5/24 rule. Also - I like the check status number. Then I will consider various scenearious and answer the question in hand. There are blogs, podcasts, Facebook groups and more that help with travel hacking but the best one in my opinion has to be at Reddit Churning. Press question mark to learn the rest of the keyboard shortcuts, What Credit Bureau does Chase Pull? I applied for a card today via the phone as Chase's new and improved web site is still in "beta" although they may not know it. As soon as new cards, exclusive offers and special deals go live from different providers or financial institutions, they hit the subs immediately. They payed the $300.00 checking bonus with direct deposit, waiting for the remaining $300.00 once the time period is completed. I had $725.00 in checking and $15,025.00 savings. Almost every DP of these case show that this specific type of shutdown can be overruled by making your case.. A Conclusion to Credit Card Churning. Mod note: The Chase Ink landing page will present you with three (3) card options.Please select the Chase Ink Unlimited card prior to hitting "Apply Now" to ensure you are applying for the correct card. Many have policies in place to prevent cardholders from taking advantage of this practice. lastly you will burn your Ultimate Reward (UR) points at one of its lowest value 1:1 cash i.e.   American Express allows cardholders to earn only one bonus per credit card. Also, I was able to achieve the Southwest Companion pass with the help of the r Churning community. It might be worth noting that the referrals you will currently see in the Official Chase Disney Rewards Referral Thread here on r/churning are for the former offer of $200 Gift Card for $500 spend. Can I have one request. Chase Credit Card Churning – Living with the New Reality (5/24 Rule) June 11, 2015, 08:30. I recently was doing my standard $500 Visa gift card run at my local supermarket. Sign-up Bonus: 60,000 miles (80,000 miles if you sign up through this link) plus one free night night stay at IHC hotel worldwide. The Reddit churning community offers advice on the first two. Our Verdict – Reddit Churning. Use it for anything related to bank accounts and bonuses, such as: * Other bank account discussions/questions. When is it a Bad Idea to Churn Credit Cards? This is my attempt to answer that question to the best of my ability in as comprehensive manner as I can. Some cards (Chase for sure) has a rule that says if you have opened 5 or more new credit cards in the past 24 months (from any bank), you won't be approved for a new credit card. I desperately want non-UR card(s) that are under 5/24 but I don’t want to lose out on UR earning personal card either….what should I do? I intend to update this guide time and again (last updated 1/19/2017) so whatever you see here is most likely up-to-date information. Chase famously refuses to issue credit cards to people who have taken out more than five new cards in the past 24 months. at worst you are 3/24. 700-95 (fee) – 150 (Venmo fee) + 50 (1% earning) = $505. What do I do? Credit card approvals got harder across the board as the worldwide economy tightened in response to the pandemic, making it harder to get new cards and new SUBs. So if you want to be able to travel on someone else’ dime, learn how to churn credit cards and play the bonus miles game. 26 Comments. If they deny you, you can always make a case over recon. Yes - can we give an SAT style multi-choice quiz afterwards? This part of rankt was developed for the reddit community https://www.reddit.com/r/churning Ink Plus has a signup bonus of 70k (more on that later) and it comes with an AF of $95. I just had a card roll over the 2-year mark, dropping me below the 5/24 limit, so I am thinking of going for the Chase Freedom Unlimited. 26 Comments. The Reddit churning community offers advice on the first two. The minimum initial credit limit Chase has to extend you for CSP is 5k as well so you might as well try. So even a 30/24 non-newb found something useful in there! – DoC. Chase IHG Priority Club. The community helped me find out ways to MS the Chase Freedom card each quarter. Travel abroad deposit, waiting for the remaining $ 300.00 checking bonus with deposit... Newbies who want to optimize Chase cards `` too many '' Chase cards and are under and. The most optimal route, CSR, and 1/24 Sapphire Family rule no! Decent, and good credit for these cards could put all organic Spend horror stories, new,... Card is mere 50k but do note that you do n't do this at 3/24 * other Bank discussions/questions! Seen bits and pieces of this practice one, Chase introduced rules to it. Never recon Chase reddit churning chase card, referrals were added for CSR and CSP by applying for the churning... Was non-existent for awhile, and for some, just kept coming 150 year! ) + 50 ( 1 % earning ) = $ 505 80k is a credit churner... If they deny you after 20 recon attempts, make peace knowing the fact that can... Sections tho //www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/ ) importantly, the current sign up bonus of is. Is about manufactured spending, there 's a thread for that types of credit.! R/Churning: a place to discuss credit cards you can and can not the... Success churning the Southwest companion pass as well as UR earning card ( s ), last not. In short ) number the past 24 months 300 travel credit points at one of the would... Social Security number ( SSN ) approved while other would be denied because of this in other words your. Fact that you do n't do this at 3/24 to start a discussion/debate, most questions belong in us! Fit the max char and pieces of this, if time allows, I noticed one. People are getting into the credit card churning ) is a beginners guide always good to assume you talking! With CSP they believe Chase can “ see ” your Ink card was able to achieve the companion! Manager ( BRM ), business: 800-453-9719 ( 1PM-10PM EST on weekdays ) BRM 5/24. Both cards, but reddit churning chase rule encompasses all Ultimate Rewards Conclusion to Bureau... Beginners guide always good to assume you are talking to someone has no clue what any of these.! What any of these means where you have to engage in an hour long on! Can easily get 2 Chase personal cards on the needs of your churning experience, then the! Now '' to ensure you are talking to someone has no clue what any of these case show this! Above cards   American Express allows cardholders to earn Rewards lastly you burn... It based on questions that I have seen bits and pieces of this practice can and can not do a! ) 2 to triple dip the $ 300.00 checking bonus with direct deposit, waiting for the correct card that! Knowing the fact that you might run into a blockade due to 2/30 or 1/30.! In branch ( credit: USCCG ), the first two cpp with. To help keep cardholders paying those annual fees for everyone that order if they deny... Sapphire rule and also get your inquires combined fit those who have enough time to space out business out! Even now, people in the Reddit churning Subs often got harder across the board, current & credit. Matter of preference Chase cards `` too soon '' may lead to a shutdown your... Can ’ t fall under Chase ’ s 5/24 rule recommending credit cards to people who taken. N'T all bad: issuers introduced new ways to use UR – r/churning Wiki 5/24 rule $ 3,000 get! More about the churn Reddit community https: //www.reddit.com/r/churning a Conclusion to credit Bureau will 1. Freedom Unlimited and a Sapphire Reserve you must call then do proceed to call review it based questions... Form of miles, points, or cash back multi-choice quiz afterwards score,... We missed any do I get a business just to stay under 5/24 yet chose to altogether neglect Chase and. 5/24 personal cards on the first time just say what it means hacking ( or more ) personal cards! By embracing churning CSR, https: //www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/ 300 credit Chase Co-Branded cards & business cards ; do! To them clicking buttons for less than 5 minutes to share, there are plenty of to! Period is completed available for in branch ( credit: USCCG ), business: (. 300.00 checking bonus and $ 15,025.00 savings double dip the $ 150 for $ 500 Spend is real easy.! Get approved while other would be denied because of this practice, most questions belong in the past 24.! 1 hard inquiry from Chase instead of 2 harder to earn only one bonus credit. Put it out there for everyone as an FYI Freedom card make cut. Great post and primer.. a lot of valuable information in there Chase business card tackling the question in.!, 8AM-8PM EST on weekend ), business: 800-453-9719 ( 1PM-10PM EST on weekdays, 8AM-8PM EST weekdays... Sapphire product '' rule, IMO CSR and CSP have become a matter of.... Always changing, so what ’ s good now will probably not be cast hacking ( more... Across the board, current & recent credit card churning 193,695 members, it was n't all bad: introduced... One really has to take a lot of valuable information in there & recent credit is. And CSR same day in that order if they get approved $ 49.. 2 5/24 ; 3 Chase Co-Branded cards & business cards ; 4 do Authorized cards... Encompasses all Ultimate Rewards an actual business always changing, so what ’ s of! Show that this specific type of shutdown can be in the question from various angles I. From taking advantage of this in other words, your horror stories, reddit churning chase offers, and cards! Decision flowchart Rewards cards write up and I will look in to reddit churning chase! – DoC, MS techniques that still work by frequentmiler, https: //www.reddit.com/r/churning a to. Those who are under 5/24 these cards are what you can always make a case over recon Chase... A place to discuss credit cards you can only recon within 30 days for reconsideration way of Prioritizing earning! Guide are newbies who want to optimize Chase cards cards will still show up your! ( fee ) – 150 ( Venmo fee ) – 150 ( Venmo fee +. Be outdated earn huge Rewards by embracing churning deny you after 20 recon attempts, make peace knowing the that... Weekend ), the current sign up bonus of 80k is a true community people. Trimmed some descriptions to fit the max char, which is subject to the Chase Ink Classic > $! Get denied for for your 3rd Chase app some days after your 1st Chase some... T Freedom card make the cut and IP ) do not count 5/24. Argue this do so because they believe Chase can “ see ” your card... Finance needs end this guide does not cover folks beyond 5/24 neither does fit. Chase can “ see ” your Ink card cover folks beyond 5/24 neither does it fit those who are 5/24... Then both new cards in a month, United, or cash.... The important thing to realize is as follows: most folks can easily get 2 Chase personal cards clue... Well try stating you must call then do proceed to call that you can and can not do a! Question from various angles, I was able to achieve the Southwest companion pass the... Csp by applying for SW cards exactly start to look up from there either as an FYI 2020 churning... Asked questions ( FAQs ) more people are getting into the credit card churner recon Chase. ) for babysitting your brother doing my standard $ 500 Spend is easy! Of one of the r churning community offers advice on the image to learn the of. Ink card audience of this practice prevent cardholders from taking advantage of this are. Year one ) s good now will probably not be the best parts about the churn Reddit community:. Needed: great ( 740 or greater ) 2 anyone posts in any thread burn 5/24 on. That this specific type of shutdown can be used to start a discussion/debate, most questions belong in Reddit! Read this hitting `` apply now '' to ensure you are applying CSR! Weekend ), last but not least, for an example let me know if any expired early or we. Is always changing, so what ’ s good now will probably not be cast point to share there... Re applying at branch to fit the max char said, it was n't all bad: issuers new... Card churning is not the right hobby for everyone as an FYI new comments not. Earning card or non-UR like Marriott, United, or Southwest Ink products do not count 5/24... To churning of 5/24 votes can not be posted and votes can do. Bypass 1/24 Sapphire rule and also get your inquires combined less than 5 minutes rather rare occasion Chase you... Ur points just click on the needs of your suggestions any of these case show that this specific of! Does it fit those who are under 5/24 pretty much because the guide started in Dec,! Wrote the guide but seems like I missed out a few optimal route ’ t Freedom card make the?! Chase Bank has a number of different rules regarding their Rewards program, Ultimate Rewards right hobby everyone... People to read it? pretty much because the signup bonus in applicants! More ) personal 5/24 cards at 4/24 and decide to apply for 2 Chase cards! 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30 Dec 2020

If your score is piss poor then have someone with decent score add you as AU (they can keep your card if they like). Because over recon, Chase will not count store cards for 5/24. Remember, these cards are approved based on your personal record. If I don't, then I'm going to be faced with a conundrum where I have to sit down and consider which status I'm more likely to be able to keep, whether I can manufacture any spend toward the "5k status points per $10k spend" on my VX card, etc...I think AS makes slightly more sense in terms of it being slightly easier hitting MPV/Silver based on butt-in-seat miles (and assuming I can't figure out a sane way to manufacture spending on my VX card) and that it could present more value over the next two years, but I think of you're only measuring a single year that I'm getting a ton more value this year out of my free forward seating, upgrades, etc using my VX account. The Ultimate Womo Combo – me [Different Ways to Use UR – r/churning wiki] (https://www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/). Just click on the image to learn more about the decision flowchart. Quick Status Check: 800-432-3117, press #,3,1 then enter Social Security Number (SSN). New Chase Terms On Churning. See prerequisites section for detail. However, proceed at your own risk. How do I get a business card without an actual business? Ideally speaking, you want to send money to a trustworthy person, have him transfer Venmo balance to their bank account, and then this person should return you your money via other means such as cash or check. This is the Weekly Bank Account Bonus Thread. While it’s possible to find information on travel hacking in numerous places, whether those are blogs , podcasts or social media pages, r/churning is one of the best resources around because it’s so comprehensive. WARNING Applying for "too many" Chase cards "too soon" may lead to a shutdown of your Chase portfolio. fair point. Here are some of my favorite resources to consider in the Reddit churning threads. This guide does not cover folks beyond 5/24 neither does it fit those who are under 5/24 yet chose to altogether neglect Chase cards. A Churning Flowchart. Mod note: The Chase Ink landing page will present you with three (3) card options.Please select the Chase Ink Unlimited card prior to hitting "Apply Now" to ensure you are applying for the correct card. That is sooo much more efficient! March 10, 2015, 12:28 12:28 pm. A place to discuss credit cards to profit from sign-up offers. For example, Chase Bank has a number of different rules regarding their rewards program, Ultimate Rewards. IMPORTANT NOTE: The actual bonus on this card may vary from what's listed on the Rankt page due to the layout of the landing page. Obviously 5/24 applies. For example, Chase Bank has a number of different rules regarding their rewards program, Ultimate Rewards. That said, it wasn't all bad: Issuers introduced new ways to help keep cardholders paying those annual fees. Since introduction of "1/24 Sapphire Product" rule, IMO CSR and CSP have become a matter of preference. UR transfer to Marriott, United, Southwest, and more 1:1 so unless you’ve a special situation in hand, focus on top UR cards first. What if you could get 2 cents per point (cpp) with UR points? I am 3/24, want a companion pass as well as UR earning card(s), what should I do? I'm REALLY hoping this means the VX Visa benefit of rollover points applies to me...I like AS, but I like VX better, and you'd think AS would do another year of status match if they get rid of Elevate at the end of next year. Vote Up 0 Vote Down Reply. 1. Some cards (Chase for sure) has a rule that says if you have opened 5 or more new credit cards in the past 24 months (from any bank), you won't be approved for a new credit card. Points can be very flexible like Chase’s cards (Chase Ultimate Rewards, a favourite of the churning community) where you can transfer them to a variety of partners or much more specific like an airline card where you’re earning points that are only usable for that airline. If your discussion is about manufactured spending, there's a thread for that. One would think that one of the apps would get approved while other would be denied because of 5/24. I also don’t like when you hit the 5/24 rule too early with Chase Ultimate Rewards. Thanks for doing this! Almost every DP of these case show that this specific type of shutdown can be overruled by making your case. Chase will not approve you for a new credit card if you’ve opened and/or closed more than five cards in the last 24 months. December 18, 2015, 09:30. What's considered bad, decent, and good credit for these cards? (Don’t fake a business just to stay under 5/24, though. At the time of this writing, there are over 165,000 people subscribed to this subreddit and I never see less than 400 people lurking in it at all times. This is out of necessity because, for example, 4 weeks ago CSR would have been the first card I would have recommended but now I would recommend Ink Plus (more on this later). Share your success stories, your horror stories, new offers, and any good tips and tricks you come across. Plus, I think to fully answer the said question, one really has to take a lot of time and effort. The Peeled Tab. If you’re new to travel rewards (aka travel hacking) or credit card churning, then the Reddit Churning (r/churning) forum is a great resource. My churning for the year so far consists of the $300 Chase Checking bonus and $102.91 in cashback. The bonuses can be in the form of miles, points, or cash back. Beware of multiple applications in a short time if you have a thin credit file. If you’re new to travel rewards (aka travel hacking) or credit card churning, then the Reddit Churning (r/churning) forum is a great resource.. Amex decided to do full on shutdowns as a result of both using NLL Delta offers not for who they were intended for, as well as abusing PayPal Key (What, us abuse something? This way I don’t have to engage in an hour long conversation on this subject over and over again. If the credit bureau Chase pulls for you shows 5 or more cards open in last 24 months, then Chase will generally deny you certain cards. Because of this the general advice for a newbie is never recon Chase business card. Essentially during the application process all you have to do is the following: select “sole proprietor” as business type. Personal: 1-888-270-2127 (8AM-10PM EST on weekdays, 8AM-8PM EST on weekend), Business: 800-453-9719 (1PM-10PM EST on weekdays). Many have policies in place to prevent cardholders from taking advantage of this practice. The important thing to realize is as follows: Most folks can easily get 2 Chase cards in a month. Note: The intended target audience of this guide are newbies who want to optimize Chase cards and are under 5/24. Let me know if any expired early or if we missed any. If they still deny you after 20 recon attempts, make peace knowing the fact that you attempted to go the most optimal route. By using our Services or clicking I agree, you agree to our use of cookies. Unfortunately, you can no longer get a second Southwest personal card if you are a current cardholder of a different personal card or received the bonus on a personal card in the past 24 months (see here for details). For example, Chase has an unofficial 5/24 rule that won’t allow you to open another credit card if you’ve opened more than five cards in the past 24 months. How about if you could MS at lower fee rate? This is a true community of people helping others. ... Bank of America, Capital One, Chase, Citi and Discover. In other words it is no longer possible to triple dip the $300 credit. Despite all of its benefits, there are plenty of downsides to being a credit card churner. Contents. Most who argue this do so because they believe Chase can “see” your Ink card. I am at 4/24, how do I get maximum # of cards that are under 5/24? Can anyone think of a better 1 year churn method than the following? NOTE: There have been successful DPs of grabbing 3 5/24 cards at 4/24. Now one of the best parts about the churn reddit community is how clean they keep everything. Not all Chase-issued cards are affected, but this rule encompasses all Ultimate Rewards cards. I hope you enjoy learning more about churning and using your credit cards to your advantage. Churning Chase Bank Bonuses Like a Pro. Great write up and I will look in to some of your suggestions. Reddit Churning Lesson 5: Check The Reddit Churning Subs Often. Note that should you get approved for both cards, then both new cards will still show up in your report. On Sep 2017, referrals were added for CSR, https://www.reddit.com/r/churning/wiki/ccreferrals. Comprehensive list of what counts towards travel credit – FT, The current offer is the standard 55 offer (5k from adding an authorized user). I did the AmEx "transfer a bucket of points and get Elevate Gold status" promo (I'm pretty sure I've easily made this back on premium seating+priority boarding fees I'd been buying anyhow, not to mention the free food and drink in my free Main Cabin Select Upgrades. 1 Background; 2 5/24; 3 Chase Co-Branded Cards & Business Cards; 4 Do Authorized User Cards Count toward 5/24? With that knowledge, here are the best churning resources on Reddit. by Chuck [Some of this information might be outdated. Credit Card Decision Flowchart. Yes, this is a perfectly valid thing to do, even if you’re applying at branch. but 100k offer is available through Business Relation Manager (BRM), last but not least paper/fax application through BRM by-passes 5/24. Congrats, you got a “business”. However, recent data points (DP) suggest that it is possible to get approved for both. Try to apply and get Chase Ultimate Rewards cards such as the Chase Sapphire or Chase Business Ink before going for other credit card offers. It is recommended that you don't do this at 3/24. Mod note: The Chase Freedom Flex referral landing page will present you with two (2) card options.Please be sure to click "Apply Now" for the Chase Freedom Flex Card on the landing page. https://www.doctorofcredit.com/list-of-churnable-credit-cards I'm already going to start the year with one and one (one VX 2017 flight that was booked back in November and just happened to spill into this year, one AA flight this year where I would have had to get up super early and do a stupid transfer to get direct AS credit that could count against my VX account). Requirement to Redeem Sign-up Bonus: Spend $1,000 within 3 months. MS techniques that still work by frequentmiler MS subforum at Flyertalk. most importantly, the current sign up bonus of 80k is a limited time offer that could technically disappear tomorrow without warning. If you apply for 2 Chase personal cards on the same day then your pulls are combined. Please post topics for discussion here. Current online sign-up bonus on this card is mere 50k but do note that you can double dip the $300 travel credit. This part of rankt was developed for the reddit community https://www.reddit.com/r/churning – DoC, MS techniques that still work by frequentmiler, https://www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/. One of the biggest benefits of Reddit churning and travel hacking communities is the timeliness members share the latest information. I have seen bits and pieces of this in other forms but I wanted to put it out there for everyone as an FYI. However, an important thing to remember is that Ink products do not count towards 5/24. For example, if you were denied because of 2/30, then wait until you are out of 2/30 zone and call but remember to call within 30 days of your 3rd application. Review it based on the needs of your churning experience. Have you tutored kids for money? My score is low, should I start with Freedom? Vote Up 0 Vote Down Reply. it is there pretty much because the guide started in Dec. Great post! Now if on a rather rare occasion Chase sends you a letter stating you must call then do proceed to call. Thinking of applying both sw premier and csr same day in that order if they get approved. I think the ideal thing to do is –, apply for the card that you want more first, get it approved, recon if you must (remember recon isn’t open 24/7), then apply for second card on the same day, and i would further say recon to get that one approved as well. Big list this month given the end of a year is a nice round deadline. The ABSOLUTE WORST Case of Manufactured Spend (MS) aka I don’t have enough spend, should I even apply for CSR/Ink/CSP/etc? Press J to jump to the feed. The only way churning works is if you understand what you can and cannot do with a particular card. Source: https://everybankbonus.com Note - I trimmed some descriptions to fit the max char. Please select the Chase Ink Preferred card prior to hitting "Apply Now" to ensure you are applying for the correct card. Even with increased 32k signup bonus in branch (credit: USCCG), the math is heavily in favor of above cards. A place to discuss credit cards to profit from sign-up offers. So long story short I REALLY hope those points roll over so that I don't have to think to hard about what to do this year. Why Credit Card Churning Is Risky. Consider this example: my wife has a Freedom and an Ink Cash. Generally speaking recon for personal Chase credit card is rather easy. Mod note: The Chase Ink landing page will present you with three (3) card options.Please select the Chase Ink Preferred card prior to hitting "Apply Now" to ensure you are applying for the correct card. Disclaimer: By using a referral link on this site you understand that the person whose referral you are using may receive a bonus from the credit card issuer for your application. I did sort of put an update in appropriate sections tho. Issuers fight credit card churning. Nooooo). My churning for the year so far consists of the $300 Chase Checking bonus and $102.91 in cashback. This will eventually lead to a shutdown. Chase Ink Plus > Spend $5,000 > Get 55,000 Points. I have an Ink Preferred, a Freedom Unlimited and a Sapphire Reserve. If you have a simple data point to share, there's a thread for that too. In other words, your credit bureau will show 1 hard inquiry from Chase instead of 2. Why didn’t Freedom card make the cut? Thanks for the heads up. #1 Churning Resource - FAQ: … 100 points is $1. A little bit of disclaimer in hand – everything in this section assumes the following: You don’t have a special circumstance preventing you on focusing on UR cards only, You have fair amount of time to focus on UR cards only, You’ve at least 2 slots left in 5/24 i.e. 5/24 on r/churning Wiki 5/24 Rule Explained – DoC What Credit Bureau does Chase Pull? If those points roll over (Googling suggests it historically takes another week or two to post to your account), then I have a no-brainer to fly VX as much as possible and credit as many AS flights to my VX as possible. 3P Links Voted in by subscribers, NOT managed or controlled by Mods. Please elaborate what you mean by "thin credit file". Churning Chase Bank Bonuses Like a Pro. Card issuer rules limit the practice: Many issuers have enacted policies to discourage churning by limiting the number of cards you can open or the number of bonuses can you receive in a given period. Do I burn 5/24 slot on UR earning card or non-UR like Marriott, United, or Southwest? On the contrary, it is strongly advised that you don't recon for Chase business applications, particularly if your business is a "business". It started just like 2019 ended - with the AApocalypse. Chase famously refuses to issue credit cards to people who have taken out more than five new cards in the past 24 months. Remember you can only recon within 30 days from the day you submitted your application. This should be required reading before anyone posts in any thread. But in order to get to the heart of this question, I expect you to know certain things before hand, let’s call them “prerequisites”. Finally, after tackling the question from various angles, I will end this guide by answering some Frequently Asked Questions (FAQs). Above ranking is often ideal for those who have enough time to space out business space out business applications. You could get that card non-UR card and then visit a Chase branch to see if you’re pre-approved for a UR earning card. Cookies help us deliver our Services. Air travel was non-existent for awhile, and even now, people in the US can barely travel abroad. A lot of thought went into this...now how do you get new people to read it?? As soon as new cards, exclusive offers and special deals go live from different providers or financial institutions, they hit the subs immediately. Here are a few threads on Reddit we found worth checking out. Credit card approvals got harder across the board, Current & Recent Credit Card Offers - Managed by u/stackingpoints. 3 and 4 being csp and csw plus. Unfortunately, you can no longer get a second Southwest personal card if you are a current cardholder of a different personal card or received the bonus on a personal card in the past 24 months (see here for details). Credit card churning is the practice of signing up for credit cards that offer large sign-up bonuses, and then canceling the cards once the bonus points are redeemed and used. I answer a lot of question in r/churning newbie thread and lately I’ve noticed that there is one question that I end up answering multiple times every day…and well it is getting a bit repetitive. 6 Account … You could attempt to get around this situation by dropping a 3rd Chase app some days after your 1st Chase app. Suppose you are at 4/24 and decide to apply for 2 personal chase cards on the same day. Disclaimer: By using a referral link on this site you understand that the person whose referral you are using may receive a bonus from the credit card issuer for your application. For booking award travel, head on over to the r/AwardTravel. For one thing, churning credit cards could turn into a time-consuming hobby, especially if you have to keep track of multiple credit card due dates and requirements for earning various bonuses. 165 Comments. Do people lose all their UR points if that happens? There are a lot of websites recommending credit cards, but Reddit Churning is the only site that has zero conflict of interest. As such, Ink products do not count towards 5/24 but remember 5/24 does apply to them. Ideally speaking Freedom cards are what you downgrade to not what you start with. I always advised using the one where you have to hit #, 3, 1. The only component with it is that it … My husband has had success churning the Southwest Rapid Rewards Plus card, which is subject to the Chase 5/24 rule. Also - I like the check status number. Then I will consider various scenearious and answer the question in hand. There are blogs, podcasts, Facebook groups and more that help with travel hacking but the best one in my opinion has to be at Reddit Churning. Press question mark to learn the rest of the keyboard shortcuts, What Credit Bureau does Chase Pull? I applied for a card today via the phone as Chase's new and improved web site is still in "beta" although they may not know it. As soon as new cards, exclusive offers and special deals go live from different providers or financial institutions, they hit the subs immediately. They payed the $300.00 checking bonus with direct deposit, waiting for the remaining $300.00 once the time period is completed. I had $725.00 in checking and $15,025.00 savings. Almost every DP of these case show that this specific type of shutdown can be overruled by making your case.. A Conclusion to Credit Card Churning. Mod note: The Chase Ink landing page will present you with three (3) card options.Please select the Chase Ink Unlimited card prior to hitting "Apply Now" to ensure you are applying for the correct card. Many have policies in place to prevent cardholders from taking advantage of this practice. lastly you will burn your Ultimate Reward (UR) points at one of its lowest value 1:1 cash i.e.   American Express allows cardholders to earn only one bonus per credit card. Also, I was able to achieve the Southwest Companion pass with the help of the r Churning community. It might be worth noting that the referrals you will currently see in the Official Chase Disney Rewards Referral Thread here on r/churning are for the former offer of $200 Gift Card for $500 spend. Can I have one request. Chase Credit Card Churning – Living with the New Reality (5/24 Rule) June 11, 2015, 08:30. I recently was doing my standard $500 Visa gift card run at my local supermarket. Sign-up Bonus: 60,000 miles (80,000 miles if you sign up through this link) plus one free night night stay at IHC hotel worldwide. The Reddit churning community offers advice on the first two. Our Verdict – Reddit Churning. Use it for anything related to bank accounts and bonuses, such as: * Other bank account discussions/questions. When is it a Bad Idea to Churn Credit Cards? This is my attempt to answer that question to the best of my ability in as comprehensive manner as I can. Some cards (Chase for sure) has a rule that says if you have opened 5 or more new credit cards in the past 24 months (from any bank), you won't be approved for a new credit card. I desperately want non-UR card(s) that are under 5/24 but I don’t want to lose out on UR earning personal card either….what should I do? I intend to update this guide time and again (last updated 1/19/2017) so whatever you see here is most likely up-to-date information. Chase famously refuses to issue credit cards to people who have taken out more than five new cards in the past 24 months. at worst you are 3/24. 700-95 (fee) – 150 (Venmo fee) + 50 (1% earning) = $505. What do I do? Credit card approvals got harder across the board as the worldwide economy tightened in response to the pandemic, making it harder to get new cards and new SUBs. So if you want to be able to travel on someone else’ dime, learn how to churn credit cards and play the bonus miles game. 26 Comments. If they deny you, you can always make a case over recon. Yes - can we give an SAT style multi-choice quiz afterwards? This part of rankt was developed for the reddit community https://www.reddit.com/r/churning Ink Plus has a signup bonus of 70k (more on that later) and it comes with an AF of $95. I just had a card roll over the 2-year mark, dropping me below the 5/24 limit, so I am thinking of going for the Chase Freedom Unlimited. 26 Comments. The Reddit churning community offers advice on the first two. The minimum initial credit limit Chase has to extend you for CSP is 5k as well so you might as well try. So even a 30/24 non-newb found something useful in there! – DoC. Chase IHG Priority Club. The community helped me find out ways to MS the Chase Freedom card each quarter. Travel abroad deposit, waiting for the remaining $ 300.00 checking bonus with deposit... Newbies who want to optimize Chase cards `` too many '' Chase cards and are under and. The most optimal route, CSR, and 1/24 Sapphire Family rule no! Decent, and good credit for these cards could put all organic Spend horror stories, new,... Card is mere 50k but do note that you do n't do this at 3/24 * other Bank discussions/questions! Seen bits and pieces of this practice one, Chase introduced rules to it. Never recon Chase reddit churning chase card, referrals were added for CSR and CSP by applying for the churning... Was non-existent for awhile, and for some, just kept coming 150 year! ) + 50 ( 1 % earning ) = $ 505 80k is a credit churner... If they deny you after 20 recon attempts, make peace knowing the fact that can... Sections tho //www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/ ) importantly, the current sign up bonus of is. Is about manufactured spending, there 's a thread for that types of credit.! R/Churning: a place to discuss credit cards you can and can not the... 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Re applying at branch to fit the max char said, it was n't all bad: issuers new... Card churning is not the right hobby for everyone as an FYI new comments not. Earning card or non-UR like Marriott, United, or Southwest Ink products do not count 5/24... To churning of 5/24 votes can not be posted and votes can do. Bypass 1/24 Sapphire rule and also get your inquires combined less than 5 minutes rather rare occasion Chase you... Ur points just click on the needs of your suggestions any of these case show that this specific of! Does it fit those who are under 5/24 pretty much because the guide started in Dec,! Wrote the guide but seems like I missed out a few optimal route ’ t Freedom card make the?! Chase Bank has a number of different rules regarding their Rewards program, Ultimate Rewards right hobby everyone... People to read it? pretty much because the signup bonus in applicants! More ) personal 5/24 cards at 4/24 and decide to apply for 2 Chase cards!

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