While the days of credit card churns every three months are long gone, I’ve still managed to gain hundreds of thousands of points via new credit card sign-ups over the last couple years. But it seems my latest churn will be my final one for quite some time. Blame Chase 5/24.
My latest churn included the following—
Hyatt Visa Credit Card from Chase
I discussed this earlier, but was approved for this after a telephone call to Chase and moving some credit from one of my existing cards to the new Hyatt card. The Hyatt card is not a card I plan to use for anything other than Hyatt stays, but the annual free night at Categories 1-4 properties offsets the annual fee. I look forward to using the two free night sign-up bonus (at any Hyatt) at five-star property.
American Airlines Citi AAdvantage Executive Card
The 60K sign-up bonus was too good to pass up. Furthermore, I have a wallet full of Visa and American Express cards and currently not a single Mastercard. I was approved without fanfare and look forward to replenishing my American Airlines account again.
Lufthansa Miles & More World Elite Mastercard from Barclays
I had planned to wait for the return of a 50K sign-up offer, but I figured I might as well add this card to the churn. It has been more than two years since I’ve had one and the 35K sign-up bonus will pay for two domestic one-way business class tickets (lower 48) on United Airlines. Traveling from New York to LA for 17K miles in business class is a great use of Lufthansa points.
Two American Express Blue Business Plus Cards
I include this in the churn even though there was no hard credit pull for these cards. Based upon my existing relationship with American Express, I was approved for these cards under my award consulting service and for a separate venture I co-founded. While the sign-up bonus was a modest 20K, there is no annual fee on the card and 2X Membership Rewards points (the good ones that transfer to other airlines) for the first $50,000 in spending.
United MileagePlus Explorer Card from Chase
I figured I was over the limit at this point, but applied for the United Explorer Card just in case. The 50,000 mile sign-up bonus (though 07/31/17) was attractive and I have never had this card before. Not surprisingly, I was not instantly approved. I have not called the reconsideration line yet, but don’t expect to be approved for this card due to the 5/24 rule.
Now it is time to take a break from signing up for new cards. My wallet and top desk drawer are full of cards and I will just have to “make do” for the next couple years…gulp…until my clock resets with Chase and I can start over again. Who knows how much the credit card landscape will change between now and then.
I don’t except to get the Explorer card (I’ll write a separate post if I somehow get approved), but don’t mind. I’m just sad that the gravy train of the revolving credit card sign-up bonuses are nearing an end…at least for now.