Update 8/26/13 7:00AM PST – Churning of Personal cards no longer working. However, business card churning should work.
It’s been about over 90 days since my last credit card churn attempt. Every 90+ days, I’ve been signing up for 2 or 3 credit cards to earn more points and miles. I’ve signed up for most of the popular credit cards, so I’m either signing up for the same credit cards again or some credit cards I haven’t signed up for yet. I’m planning to do a triple credit card churn attempt by signing up for one Chase, one Citicard, and one American Express card.
Chase allows you to obtain one credit card bonus per credit card product only once. However, American Express and Citicard are a bit more flexible in their rules and you can receive their bonuses more than once.
American Express’ terms state the following:
“Welcome bonus offer not available to applicants who have had this product within the last 12 months.”
I canceled my AMEX Starwood Preferred Guest personal card on August 22, 2012. So in theory, I should be able to apply and get the bonus again.
Citicard does not have any specific language stating whether or not you can receive the bonus more than once.
However, it’s been reported that credit card applications that state: ”This offer is only valid for new accounts”, are churnable. This means that you can apply for these credit cards over and over.
What’s more exciting is that according to this Flyertalk thread, people have been able to receive the 50,000 American Airline Citicard Platinum on the 1st and 9th day! You can also apply for the Business 40K AA card on day 66. I last applied for the 50K Citicard Platinum on 5/2/13.
According to the thread, my chances are good to get another card. It now seems that only business credit cards are churnable.
I was thinking about applying for a Citi business card and a personal on the same day, but the rules don’t allow it. I’ll apply for the bigger personal 50K card over the business 40K card. Please note that this data is from people’s experience and may not be official. You are taking the data at your own risk. However, I am willing to try applying for these cards to provide results that may help you.
The third card I’ll apply for is the Chase British Avios credit card. I have not applied for this credit card yet and I think it’s a great deal right now because its 50,000 Avios after spending $2,000 in 3 months with $0 annual fee first year. I can use the Avios for another Hawaii trip or book LAX-HKG in business class 70,000 Avios one-way for the parents or relatives.
The credit cards I will apply for are the following:
- Citicard AA Platinum Visa Personal Card – 50,000 miles after $3K in 3 months, 1st yr annual fee waived. (apply via Flyertalk)
- American Express Starwood Preferred Guest Personal Card – 30,000 SPG after $5K in 3 months, 1st yr annual fee waived. (apply via CreditKarma banner)
- Chase British Airways Avios Personal Card – 50,000 Avios after $2k in 3 months, 1st yr annual fee waived. (apply via CreditKarma banner)
In sign-up bonuses alone, I would value the points as follows:
- 50,000 AA miles at 1.8 cents each = $900
- 30,000 SPG at 2.2 cents each = $660
- 50,000 Avios at 1.5 cents each = $750
- Total = $2,310
I’ll report back on my success or failures in a few days on my triple credit card churn attempt. I’m hoping I will get approved for all of them, but I don’t think I’ll get instantly approved for any because I have multiple Citicards and 5 personal Chase cards. I will probably give up my Chase Marriott Credit Card or Chase Sapphire.
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