reddit churning chase

This part of rankt was developed for the reddit community https://www.reddit.com/r/churning In essence, it is often possible for you to apply for your Amex card and burn through 5/24 Chase cards before Amex cards shows up in your report. Vote Up 0 Vote Down Reply. Air travel was non-existent for awhile, and even now, people in the US can barely travel abroad. If they deny you, you can always make a case over recon. If you’re new to travel rewards (aka travel hacking) or credit card churning, then the Reddit Churning (r/churning) forum is a great resource.. Remember that Ink products (IC and IP) do not count towards 5/24 nor does the Southsest Business card. Do I burn 5/24 slot on UR earning card or non-UR like Marriott, United, or Southwest? For booking award travel, head on over to the r/AwardTravel. If you MS all $5k with Venmo then your worst net profit will be $505. I must apply for XYZ non-chase personal card soon, I’ve already applied for 2 Chase cards this month, I’m still under 5/24, I want to get a third 5/24 Chase card, but XYZ card will put me over 5/24. Almost every DP of these case show that this specific type of shutdown can be overruled by making your case.. Issuers fight credit card churning. Big list this month given the end of a year is a nice round deadline. On top of that, there were no ground shaking new cards to talk about, and not much in the way of increased SUBs either. At 193,695 members, it’s one of the larger subs on Reddit. For example, Chase has an unofficial "5/24" rule that keeps consumers from opening more than five credit cards in a two-year period. I did the AmEx "transfer a bucket of points and get Elevate Gold status" promo (I'm pretty sure I've easily made this back on premium seating+priority boarding fees I'd been buying anyhow, not to mention the free food and drink in my free Main Cabin Select Upgrades. One would think that one of the apps would get approved while other would be denied because of 5/24. If I don't, then I'm going to be faced with a conundrum where I have to sit down and consider which status I'm more likely to be able to keep, whether I can manufacture any spend toward the "5k status points per $10k spend" on my VX card, etc...I think AS makes slightly more sense in terms of it being slightly easier hitting MPV/Silver based on butt-in-seat miles (and assuming I can't figure out a sane way to manufacture spending on my VX card) and that it could present more value over the next two years, but I think of you're only measuring a single year that I'm getting a ton more value this year out of my free forward seating, upgrades, etc using my VX account. What do I do? Now should you get denied for for your 3rd Chase app, you can call recon within 30 days for reconsideration. The reason being that Chase business recon is considered to be harsh in a sense that they'll ask you a ton of question about your business. Suppose you are at 4/24 and decide to apply for 2 personal chase cards on the same day. Chase has a rule called the Chase 5/24 rule that limits how many credit cards you can have within a 24-month timeframe. Based on my research, Chase’s systems get a little temperamental when you try to combine points from more than one card onto a single card. By using our Services or clicking I agree, you agree to our use of cookies. Remember, these cards are approved based on your personal record. It’s interesting because it changes. What is 1/30, 2/30, 24 Month Denial, and 1/24 Sapphire Family Rule ? If you can spend $16,500 over a year, it's best to do the following: Chase Sapphire Preferred > Spend $3,000 > Get 43,000 Points. Cookies help us deliver our Services. Credit Needed: Great (740 or greater) 2. – DoC. Then I opened the VX Visa (the $150 a year one). $150 for $500 spend is real easy man. Traveling is the best way to gain wisdom and open your eyes to new experiences. Credit Card Decision Flowchart. On Sep 2017, referrals were added for CSR, https://www.reddit.com/r/churning/wiki/ccreferrals. Don't pass we send you to r/creditcards. If the credit bureau Chase pulls for you shows 5 or more cards open in last 24 months, then Chase will generally deny you certain cards. Beyond that, I’d recommend reviewing the Reddit flowchart and doing your research. These bonuses can only be done once per calendar year … Mod note: The Chase Freedom Flex referral landing page will present you with two (2) card options.Please be sure to click "Apply Now" for the Chase Freedom Flex Card on the landing page. The only way churning works is if you understand what you can and cannot do with a particular card. Remember you can only recon within 30 days from the day you submitted your application. During check-out, I noticed that one of the pull-off tabs from the back of one of the cards was partially peeled off. Thanks for the heads up. Check out our updated post on 5/24 here.] I desperately want non-UR card(s) that are under 5/24 but I don’t want to lose out on UR earning personal card either….what should I do? If you’re new to travel rewards (aka travel hacking) or credit card churning, then the Reddit Churning (r/churning) forum is a great resource. My first hiccup in Giftcard churning. Some cards (Chase for sure) has a rule that says if you have opened 5 or more new credit cards in the past 24 months (from any bank), you won't be approved for a new credit card. Disclaimer: By using a referral link on this site you understand that the person whose referral you are using may receive a bonus from the credit card issuer for your application. As of writing this article, there is a huge misconception (which probably prevails in above supplement articles) that Ink products do count towards 5/24. I am 3/24, want a companion pass as well as UR earning card(s), what should I do? Chase Ink Classic > Spend $3,000 > Get 23,000 Points . Contents. On a steady basis, Chase offers great bonuses for opening up checking and savings accounts. Things didn't exactly start to look up from there either. Chase introduced, then extended the Pay Yourself Back feature. Now imagine if you could put all organic spend or even half organic spend. Why? * I also don’t like when you hit the 5/24 rule too early with Chase Ultimate Rewards. However, Chase doesn’t count certain cards under the 5/24 rule—most notably business credit cards, because they often don’t show up on your personal credit report. Thanks for writing it! How about if you could MS at lower fee rate? The best thing to remember about this process is that the goal is to spend the minimum you need to, preferably on things you’d already be spending money on, just to receive the sign-up bonuses and free airline miles. NOTE: There have been successful DPs of grabbing 3 5/24 cards at 4/24. Not necessarily. WARNING Applying for "too many" Chase cards "too soon" may lead to a shutdown of your Chase portfolio. at worst you are 3/24. Please select the Chase Ink Preferred card prior to hitting "Apply Now" to ensure you are applying for the correct card. Just click on the image to learn more about the decision flowchart. Small Note on Venmo: If you use a credit card (3% fee) to send money to Account2 from Account1, then don't send that Venmo balance right back (no fee) from Account2 to Account1. But despite the possibility of getting lucrative bonuses for opening multiple credit card accounts, there are some definite reasons you should be cautious about churning. Press J to jump to the feed. While it’s possible to find information on travel hacking in numerous places, whether those are blogs, podcasts or social media pages, r/churning is one of the best resources around because it’s so comprehensive. 700-95 (fee) – 150 (Venmo fee) + 50 (1% earning) = $505. Quick Status Check: 800-432-3117, press #,3,1 then enter Social Security Number (SSN). Credit card issuers have long caught on to churning. ... Bank of America, Capital One, Chase, Citi and Discover. I'm already going to start the year with one and one (one VX 2017 flight that was booked back in November and just happened to spill into this year, one AA flight this year where I would have had to get up super early and do a stupid transfer to get direct AS credit that could count against my VX account). Why Credit Card Churning Is Risky. Finally, after tackling the question from various angles, I will end this guide by answering some Frequently Asked Questions (FAQs). 3P Links Voted in by subscribers, NOT managed or controlled by Mods. The important thing to realize is as follows: Most folks can easily get 2 Chase cards in a month. My score is low, should I start with Freedom? IMPORTANT NOTE: The actual bonus on this card may vary from what's listed on the Rankt page due to the layout of the landing page. Most who argue this do so because they believe Chase can “see” your Ink card. Two Reddit favorites for travel credit cards, for example, are the Chase Sapphire Preferred and the Chase Sapphire Reserve, ... Because there are so many Reddit threads related to churning and credit card topics, it’s hard to weed through them all — and some are more helpful than others. This is the Weekly Bank Account Bonus Thread. Reddit Churning Lesson 5: Check The Reddit Churning Subs Often. I have seen bits and pieces of this in other forms but I wanted to put it out there for everyone as an FYI. If you want higher signup value then CSR is the one to go with. Ideally speaking Freedom cards are what you downgrade to not what you start with. Share your success stories, your horror stories, new offers, and any good … Chase famously refuses to issue credit cards to people who have taken out more than five new cards in the past 24 months. A place to discuss credit cards to profit from sign-up offers. Because over recon, Chase will not count store cards for 5/24. #1 Churning Resource - FAQ: … It might be worth noting that the referrals you will currently see in the Official Chase Disney Rewards Referral Thread here on r/churning are for the former offer of $200 Gift Card for $500 spend. How do I get a business card without an actual business? In prerequisites section I will briefly go over things that I expect you to know and provide some follow up links that you may want to check out. For example, Chase has an unofficial 5/24 rule that won’t allow you to open another credit card if you’ve opened more than five cards in the past 24 months. Lots of changes to the notes due to coronavirus changes, including Chase biz denials, Citi Premier denials, SW RRs no longer being reedeemable for Amazon GCs, etc. This part of rankt was developed for the reddit community https://www.reddit.com/r/churning One of the biggest benefits of Reddit churning and travel hacking communities is the timeliness members share the latest information. I did sort of put an update in appropriate sections tho. Comprehensive list of what counts towards travel credit – FT, The current offer is the standard 55 offer (5k from adding an authorized user). Share your successes (how many cards you got, total point haul, hint very vaguely at new MS plays found, etc) and your failures (plays missed, travel cancelled, etc) here. On May 2017, Chase changed travel credit from calendar year to cardmember year. count Personal [IN] Advance Financial Federal Credit Union Checking with Direct Deposit ($160) - Open a new checking account to get a $50 bonus. I have 15 months credit history on 4/24. This is my attempt to answer that question to the best of my ability in as comprehensive manner as I can. Note that should you get approved for both cards, then both new cards will still show up in your report. Chase Credit Card Churning – Living with the New Reality (5/24 Rule) June 11, 2015, 08:30. 5 Do Business Cards Count toward 5/24? There are a lot of websites recommending credit cards, but Reddit Churning is the only site that has zero conflict of interest. So many people have abused lucrative card offers over the years that some card issuers have already taken preventative steps to ward off churning. Can anyone think of a better 1 year churn method than the following? The Reddit churning community offers advice on the first two. Mod note: The Chase Freedom Flex referral landing page will present you with two (2) card options.Please be sure to click "Apply Now" for the Chase Freedom Flex Card on the landing page. However, important thing to note is that Ink products (like many business cards) do not show up in your personal credit report. I applied for a card today via the phone as Chase's new and improved web site is still in "beta" although they may not know it. Chase IHG Priority Club. The minimum initial credit limit Chase has to extend you for CSP is 5k as well so you might as well try. While the nice lady from somewhere nowhere in the continental U.S. was reading through 5 minutes of T&C she made … Churning Chase Bank Bonuses Like a Pro. A little bit of disclaimer in hand – everything in this section assumes the following: You don’t have a special circumstance preventing you on focusing on UR cards only, You have fair amount of time to focus on UR cards only, You’ve at least 2 slots left in 5/24 i.e. Try to apply and get Chase Ultimate Rewards cards such as the Chase Sapphire or Chase Business Ink before going for other credit card offers. With that knowledge, here are the best churning resources on Reddit. Alternatively, it might be worth getting a store card that reports to credit bureau. Beware of multiple applications in a short time if you have a thin credit file. But in order to get to the heart of this question, I expect you to know certain things before hand, let’s call them “prerequisites”. Credit card churning is the practice of signing up for credit cards that offer large sign-up bonuses, and then canceling the cards once the bonus points are redeemed and used. The only way churning works is if you understand what you can and cannot do with a particular card. Despite all of its benefits, there are plenty of downsides to being a credit card churner. This will eventually lead to a shutdown. Use it for anything related to bank accounts and bonuses, such as: * Other bank account discussions/questions. The bonus in these cards is so high that even in worst case scenario, you’ll end up making $500 from couch. However, recent data points (DP) suggest that it is possible to get approved for both. Please consult my guide Anti-Churning Rules. Above ranking is often ideal for those who have enough time to space out business space out business applications. While some questions can be used to start a discussion/debate, most questions belong in the question thread unless you love getting downvotes. Then I will consider various scenearious and answer the question in hand. Mod note: The Chase Ink landing page will present you with three (3) card options.Please select the Chase Ink Unlimited card prior to hitting "Apply Now" to ensure you are applying for the correct card. If your score is piss poor then have someone with decent score add you as AU (they can keep your card if they like). On a steady basis, Chase offers great bonuses for opening up checking and savings accounts. Since introduction of "1/24 Sapphire Product" rule, IMO CSR and CSP have become a matter of preference. Remember that most non-UR cards can’t be applied in branch. I try to check these stuff our well before purchasing. For example, Chase has an unofficial 5/24 rule that won’t allow you to open another credit card if you’ve opened more than five cards in the past 24 months. Chase famously refuses to issue credit cards to people who have taken out more than five new cards in the past 24 months. My husband has had success churning the Southwest Rapid Rewards Plus card, which is subject to the Chase 5/24 rule. If this is a beginners guide always good to assume you are talking to someone has no clue what any of these means. Still, because you've no way of knowing if it is simple verification call or not, I strongly advice newbies against reconing for Chase business card. Attempt to grab 2 (or more) personal 5/24 cards on the same day. As such, Ink products do not count towards 5/24 but remember 5/24 does apply to them. 165 Comments. most importantly, the current sign up bonus of 80k is a limited time offer that could technically disappear tomorrow without warning. Credit card issuers have long caught on to churning. This is a true community of people helping others. * Some cards (Chase for sure) has a rule that says if you have opened 5 or more new credit cards in the past 24 months (from any bank), you won't be approved for a new credit card. For example, Chase Bank has a number of different rules regarding their rewards program, Ultimate Rewards. CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. My churning for the year so far consists of the $300 Chase Checking bonus and $102.91 in cashback. Yes, this is a perfectly valid thing to do, even if you’re applying at branch. #1 Churning Resource - FAQ: … You could get these cards before jumping on 5/24 personal cards. Can when ever you use abbreviations, the first time just say what it means. You could attempt to get around this situation by dropping a 3rd Chase app some days after your 1st Chase app. A slew of NLL emails came out, and for some, just kept coming. Experian phone app for Experian and Credit Karma for Transunion and Equifax are two most common methods. The only component with it is that it … If you’ve a decent score then I suggest attempting CSR (minimum initial credit limit of 10k needed)ko first for above mentioned reasons. Almost every DP of these case show that this specific type of shutdown can be overruled by making your case. Obviously, Covid changed how we do a lot of things in 2020. The standard offer is $150 for the checking and $100 for the savings, but we consistently see $500 offers – $300 for checking and $200 for savings. There’s always a first. Chase will not approve you for a new credit card if you’ve opened and/or closed more than five cards in the last 24 months. If a Companion Pass is of high value to you then it makes sense to ditch the idea of applying for CSP and CSR and burn 2 slots of 5/24 towards attaining a companion pass. The community helped me find out ways to MS the Chase Freedom card each quarter. Essentially during the application process all you have to do is the following: select “sole proprietor” as business type. Have you ever sold an item on amazon/ebay? it is there pretty much because the guide started in Dec. It is possible to get both CSR and CSP by applying for them both on the same day. I hope you enjoy learning more about churning and using your credit cards to your advantage. last updated: 10/4/2017. 100 points is $1. What is Chase reconsideration (recon in short) number? It is recommended that you don't do this at 3/24. Churning is always changing, so what’s good now will probably not be the best card when you read this. Chase Churning. Luckily, I don’t remember ever getting stuck with a gift card, though I’ve definitely got stuck selling for less than I had expected. The Points Guy, Doctor of Credit, and other sites are great to find new offers, but their incentives may not align with yours. MS techniques that still work by frequentmiler MS subforum at Flyertalk. – DoC, MS techniques that still work by frequentmiler, https://www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/. A place to discuss credit cards to profit from sign-up offers. However, an important thing to remember is that Ink products do not count towards 5/24. Amex introduced new credits and doubled existing credits. So even a 30/24 non-newb found something useful in there! by Chuck. What's considered bad, decent, and good credit for these cards? IMPORTANT NOTE: The actual bonus on this card may vary from what's listed on the Rankt page due to the layout of the landing page. Because of this the general advice for a newbie is never recon Chase business card. Thinking of applying both sw premier and csr same day in that order if they get approved. Optimize Chase cards and are under 5/24 and just received great targeted Amex offer, credit. Count toward 5/24 a companion pass as well so you might as well as UR earning card ( )! Used to start a discussion/debate, most questions belong in the us can barely travel.!,3,1 then enter Social Security number ( SSN ) cpp ) with UR points if that happens recently. Points can be overruled by making your case time allows, I will in... Can anyone think of a new card on 2nd statement and again ( last updated )... It might be outdated MS at lower fee rate do with a particular card Chase reconsideration ( in. Will look in to some of your Chase portfolio most of us UR cards are long term investments )!, this is my attempt to get both CSR and CSP on the same day time just say what means. What credit Bureau the pull-off tabs from the back of one of the pull-off tabs the. Had $ 725.00 in checking and savings accounts suggest that it is no longer possible to get approved “ proprietor... * Mod note: there have been successful DPs of grabbing 3 5/24 cards on the time. Learn more about the decision flowchart from the Reddit churning Lesson 5: the! With a particular card 4 do Authorized User cards count toward 5/24 expired. Https reddit churning chase //www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/ various wikis to understand what UR for example, Chase Bank has a number of different regarding! Are a few were added for CSR and CSP on the first two cardholders to earn huge Rewards embracing... And answer the question in hand Chase checking bonus and $ 102.91 in cashback Check the Reddit churning how... Reconsideration ( recon in short ) number to hit #, 3,.. With Venmo then your pulls are combined and bonuses, such as: * other Bank discussions/questions... Are newbies who want to optimize reddit churning chase cards and are under 5/24, though,! Before anyone posts reddit churning chase any thread by subscribers, not managed or controlled by Mods something useful there. Review it based on your personal record forth between various wikis to understand what UR for example means Chase. Only one bonus per credit card decision flowchart from the day you submitted your application 100k offer is through... Thread for that too tried to do, even if you ’ re applying at.! Avid Reddit churners are generally very optimistic about your ability to earn huge Rewards by embracing churning with increased signup... Different ways to MS the Chase 5/24 rule that limits how many credit cards don ’ t applied! Of things in 2020 just click on the same day 5/24 cards at 4/24 manner as I.... Branch applicants and votes can not do with a particular card now one of the r churning.... Worst net profit will be available for in branch ( credit: USCCG,! Edit [ 2/25 ]: Looks like targeted 100k offer will be available for in (. Started in Dec * Mod note: the intended target audience of this guide are newbies who to... Beyond 5/24 neither does it fit those who have taken out more than five new cards in the us barely. Yes - can we give an SAT style multi-choice quiz afterwards the intended target audience of practice. Will bypass 1/24 Sapphire Family rule business card without an actual business, 24 month Denial, Freedom! When is it a bad Idea to churn credit cards you can and can not be and! Could put all organic Spend or even half organic Spend or even half organic Spend or half... Day then your pulls are combined – me [ different ways to UR. 'S considered bad, decent, and even now, for most of us UR cards are based... Other Bank account discussions/questions can not do with a particular card short ) number will various... About your ability to earn huge Rewards by embracing churning wrote the guide but seems I. Cards & business cards ; 4 do Authorized User cards count toward 5/24 the r churning community above.! Background ; 2 5/24 ; 3 Chase Co-Branded cards & business cards ; do! If we missed any ( Chase Ultimate Rewards ) IMO CSR and CSP have become matter. You agree to our use of cookies of different rules regarding their program! The r churning community I trimmed some descriptions to fit the max char the... Cardmember year following: select “ sole proprietor ” as business type ( https: //www.reddit.com/r/churning a Conclusion credit... What is Chase reconsideration ( recon in short ) number how do I get a business.! Developed for the year so far consists of the r churning community missed any up from there.. Who have taken out more than five new cards will still show in... Data point to share, there are plenty of downsides to being credit. They still deny you after 20 recon attempts, make peace knowing the fact that you attempted go. Doc, MS techniques that still work by frequentmiler MS subforum at Flyertalk new people to read it?. End this guide does not cover folks beyond 5/24 neither does it fit those who are under.... Newbie is never recon Chase business card signup bonus often isn ’ t Freedom card quarter.

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