I went for another credit card churn last week for the Citi American Airlines Platinum Select Visa and Chase Priority Club Visa card. I call this a mini credit card churn because I only applied for two credit cards instead of a possible 3 or 4 credit cards I’ve done in the past using the multiple browser method.
The reason why I only applied for two cards is because I haven’t waited my usual 91 days before applying for another set of credit cards. I applied for the Barclaycard Arrival World Mastercard, Barclaycard NFL card, and AMEX Blue Cash Preferred on April 2nd, but was denied for the Barclaycard NFL card as I posted about in my previous credit card churn.
I applied for the Citi American Airlines Platinum Select Visa and Chase Priority Club Visa card on May 23. I was instantly approved for the Chase Priority Club Visa and not an instant approval for the Citicard. I called Citicard the next day to see what I could do to get approved. I had to verify my address by sending in a credit card statement or mortgage statement, as I mentioned before with my wife’s applications.
The reason why I applied for these two cards is because I had a feeling that the Citi American Airlines Platinum Select Visa 50,000 mileage bonus could end at anytime. This is because it was the only first year waived fee personal credit card on the market with a 50,000 mileage bonus. About 2 weeks later after I applied, the sign up bonus dropped from 50,000 to 40,000 miles. I also applied for the Chase Priority Club Visa card because I knew the hard credit inquiries would most likely combine, and just result in one hard inquiry. My credit score reported by Credit Karma is 757. Note: Credit Karma is an estimate of your credit score and a free FAKO score, read more about FAKO scores here.
I’m surprised that my credit score jumped up to 757 while credit card churning. However your credit score should be improving if you pay in full and in time because you receive more credit from credit card companies. Therefore, I’m not that surprised. Your credit utilization rate should go down, which makes up about 30% of your credit score according to myFICO.
The results of my mini credit card churn were successful and I was approved for both credit cards. I’m happy that I got the 50,000 AA mile offer through Flyertalk and the 80,000 Priority Club Points to come. After meeting the minimum spends, I’ll earn about $1,600 in points when I value AA miles at 1.6 cents and Priority Club points at 1 cent a piece. The 80,000 Priority Club offer is still available through Flyertalk, but only the 40,000 Citi AA Platinum Visa card is available now. I still think 40,000 AA miles is a great deal, especially with the 10% AA miles point rebate. I value AA miles higher than UR points, so I value the Citicard AA 40K offer higher than the Chase Sapphire Preferred 40K offer. However, I would say they are both great cards and worth getting especially with $0 annual fee the first year.
- Chase Priority Club Visa – 80K Priority Club points after spending $1,000 in 3 months (Flyertalk)
- Citi AA Platinum Visa Card – 40K AA Miles after spending $3,000 in 3 months. (Credit Karma banner link)
- Chase Sapphire Preferred – 40K Ultimate Rewards after spending $3,000 in 3 months. (Credit Karma banner link)
Disclaimer: I don’t recommend applying for many cards if you are applying for a big loan within the next year. I also don’t recommend applying for any credit cards at all if you do not pay in full and in time. Be sure to know your credit score and situation before applying. I don’t receive a commission for the Priority Club Visa, but may for the Credit Karma offers. All mentioned offers are the best offers as of this posting date.
Save at least $400 on your next trip using one of my favorite credit cards, Barclaycard Arrival World Mastercard! 40,000 points with no fee first year.