Last month I decided it was time to pick up a few new credit cards. It had been awhile since my previous credit card applications because I have been trying to keep the number of inquiries down on my credit reports in anticipation of buying a new house this spring. My FICO score has held steady at a little over 800 with only a handful of inquiries over the last year, so I figured my score could afford a few new cards.
I haven’t been too excited about any particular offers the last month or two s I decided to go easy and only apply for 3 new cards. Here are the cards I chose and my results.
There are usually several different offers floating around at any given time and it is usually pretty common to find at least one offer for 50,000 miles bonus miles. The offer I applied for awards 50,000 bonus miles after spending $3,000 in the first 3 months of cardmembership. I picked up the personal card however, there is also a business version available that also comes with a 50,000 mile bonus. Both versions also waive the annual fee for the 1st year.
I know all the hype has been around the 100,000 mile bonus on the Citi Executive AAdvantage card but it isn’t for me. I don’t usually have long enough layovers to enjoy the Admirals Club membership and a $450 annual fee is a lot. Even with the $200 in statement credits, it would still cost $250 for the 1st year. My wife and I can each pick up a Platinum card or you can pick up a personal and a business Platinum AAdvantage card and get a combined 100,000 miles after a total $6,000 in spending with no annual fees the 1st year. That is a much better deal for me.
- 50,000 bonus miles after spending $3,000 within the first 3 months
- Get the first eligible bag checked free for you and up to 4 travel companions.†
- $0 annual fee the first 12 months, then $95
- Get 10% of your redeemed AAdvantage miles back – Up to 10k per calendar year
- 25% discount on in-flight food and beverage purchases
- 2 miles per dollar on eligible American Airlines purchases
- 1 miles per dollar on all other purchases
Result: Instant Approval
I have been sitting on the sidelines since this card started offering a 40,000 point sign-up bonus a year ago. The 40,000 point sign-up bonus is worth $400 plus you get 10% of your miles back when you redeem for travel making this bonus actually worth $440. I have plenty of airline miles and hotel points but I can never get enough spending cash for those trips. With no annual fee for the 1st year I took this card out to cover some of the incidentals for the trip to Puerto Rico that I just took with my oldest 2 boys. This will cover the car rental and some incidental hotel charges.
This is also a card that I intend to keep for regular spending as well because it pays 2x miles on all purchases. When redeemed for travel I am getting 2.2% cashback which is pretty hard to beat.
- 40,000 bonus points after spending $3,000 in the first 90 days
- 2x miles on all purchases
- Get 10% of your miles back when redeemed for travel statement credits
- $89 annual fee, waived for the first year
- No foreign transaction fees
- Complimentary subscription to TripIt Pro
Result: Instant Approval
I currently already have the Chase Ink Plus card which, like the Ink Bold, is a great card to carry for many reasons. One great perk is the ability to earn 5x points on cell, landline, internet, & cable charges and at office supply stores where you can buy gift cards to use at many of your favorite retailers.
Ultimate rewards are a flexible and valuable currency due to the various transfer partners and the near instant transfer of points to those partners. With valuable transfer partners including Hyatt Gold Passport, United MileagePlus, and British Airways Avios, you really cannot have enough UR points.
Keep in mind that the Ink Bold is a charge card, not a credit card, meaning you must pay it off each month in full. However you should be doing that anyway.
- 50,000 bonus points after you spend $5,000 in the first 3 months
- 5x points per dollar at office supply stores and on cell phone, landline, cable TV and internet services
- 2x points per dollar at gas stations and hotels when booked directly with the hotel
- 1 point per dollar on all other purchases
- $95 annual fee, waived the first year
Result: Pended and then approved after calling in.
My application was initially pended for further review. Chase generally likes to speak with applicants on business card products before issuing the approval. The rep I spoke with asked me why I wanted the Ink Bold when I already had the Ink Plus. I simply explained to him that I had some large purchases coming up that I was going to need a few months to pay back and so I was going to put those on the Ink Plus. I told him that since I was going to be carrying the balance on the Ink Plus for a few months I wanted the Ink Bold for all the rest of my purchases that I could pay in full so I didn’t pay interest on everything. He thought that was a pretty good reason and approved the application.
3 quick applications and I am on my way to being 140,000 points richer. If I wasn’t preparing to buy a house in the next couple of months I think I would have added one more card. Normally I apply for the same set of cards for my wife as well but I have decided to start staggering them. Last month was me and then we will pick up some cards for her in the next couple months.