Since I’m on the topic of credit cards, I figured I would share my last credit card churn (about 2 months late). In the last round, I applied for the following cards:
Citi Hilton card – 40,000 Hilton points for spending $1,000 in 4 months
Chase Hyatt Visa card – 2 free nights after spending $1000 in 3 months (this spend requirement has since been dropped on this card)
Virgin Atlantic Card from Bank of America – 20,000 Virgin Atlantic points after first purchase, additional 25,000 for spending $2500 in 3 months
Barclay’s US Airways Business Card – 25,000 US Airways miles after first purchase
This churn was motivated mainly by the fact that I decided to take advantage of the Hyatt promotion this quarter, to get a ton of Hyatt points and get Hyatt Diamond status. The Chase Hyatt card was required to get an extra 25% bonus miles under the promotion.
The others were honestly just fill-in cards from banks that I haven’t applied for many cards from. You can actually earn up to 60,000 points or so on the Virgin Atlantic card if you’re willing to put $25,000 of spending on the card in a year, but I highly doubt I will be using the card to that extent (nor do I find the points worth it). This churn could be a bit of a Hilton bonanza. If I transfer the Virgin Atlantic miles to Hilton, the 45,000 points would be come 90,000 Hilton points, which is somewhat tempting.
Anyway, on the whole, while thus churn has some gems, I think most people would agree that it’s the churn of someone who’s exhausted most of the good offers out there. I already have the Chase Sapphire Preferred and Ink Bold (with an application for another one out there), I have an AMEX Premier Rewards Gold and an AMEX Business Gold, as well as the AMEX Starwood Preferred Guest card. I’m probably gonna slow down a bit on the applying for new cards, and the only other one I’m really targeting this year is the AMEX SPG Business card.