Bank account churning: how to make $1600 in a year by being organized

[terran]

How are those 1099-INTs coming? I got a number via mail the first week of February as I believe they have to be complete by Jan 31. However, I'm still missing four from closed accounts that I can't log into online and haven't gotten via email or mail. Any advice? Do I just need to call them?

Missing 1099s from US Bank, Excite, Truist, and Citi
Received from via mail: Chase, Wells Fargo, Regions, Capital One (closed), and Bank of America
Accessed online: Fifth Third (long closed), Capital One (open)

Just fill out your Schedule B based on your records. You don't actually need the 1099.

[katsiki]

Chase has a pretty nice deal going on with Business Checking accounts.  $400 sign up bonus for $2k deposit.  (This is better than what I got last year, I only got $300 for $2k deposit.)

Details are in the following Profitible Blog entry -- I really like the way he has his pages laid out.  Gives you all the info you need in  standard consistent short format.  https://www.profitablecontent.com/chase-750-business-checking-offer/

(They also have a $750 sign up bonus for $30k deposit, if you have that kind of cash.)

Tried to apply as a sole prop and received a message saying "we can't open your account online. you have to go to a branch"

I don't have a branch near me unfortunately

ETA
Several people on Doctor of Credit also reported the same problem
https://www.doctorofcredit.com/chase-business-total-checking-300-bonus-no-direct-deposit-required/

Someone on DoC also mentioned this:

"Also turns out that if you want to use a sole prop for the business bonus then their system is double checking it against their standard personal checking bonus. Since I was already on the $900 checking/savings bonus, I had to walk out with no bonus and an extra bank account that I now have to cancel."

I  just opened personal accounts a few days ago to get the 900 bonus, and I have a sole prop, so looks like i wouldn't qualify for the business acct bonus anyway.

Interesting... Depending on one's state, it may be worthwhile to setup an LLC.  EINs are free from the IRS.  LLC filing has a fee in the states I am familiar with.

[Padonak]

Im trying to do a direct debit "push" from a chase checking account to another checking account with a different bank. Chase gives two options: real time transfer (instant) and standard transfer (1-2 business days). Does it matter which option I choose for the transfer to be considered a direct debit by the other bank? If so, which one should I chose?

From Chase website:
What is a real-time transfer?
Real-time transfers are a new way to send and receive money within moments, using the U.S. real-time payments network.
Can I send a real-time transfer to any bank account?
Right now, real-time transfers are only available to Chase customers to send money to their own checking and savings accounts with other banks in moments.

[tj]

Im trying to do a direct debit "push" from a chase checking account to another checking account with a different bank. Chase gives two options: real time transfer (instant) and standard transfer (1-2 business days). Does it matter which option I choose for the transfer to be considered a direct debit by the other bank? If so, which one should I chose?

From Chase website:
What is a real-time transfer?
Real-time transfers are a new way to send and receive money within moments, using the U.S. real-time payments network.
Can I send a real-time transfer to any bank account?
Right now, real-time transfers are only available to Chase customers to send money to their own checking and savings accounts with other banks in moments.

If you are trying to fake a direct deposit for the purposes of getting a bonus at the other bank, I highly doubt an instant transfer would work for that.

[Rusted Rose]

Im trying to do a direct debit "push" from a chase checking account to another checking account with a different bank ... Does it matter which option I choose for the transfer to be considered a direct debit by the other bank?[/i]

Yes, use the Standard version.

The other one seems to be treated more like a Zelle or whatnot.

[billy]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

[tj]

Is the US Bank Altitude Connect credit card churnable? I opened it on 09-28-2021 and cancelled on 08-26-2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in September. I currently have the business variant open if that matters.

Only one way to find out! :)

[NotJen]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

Dang, that does look good.  Only $2k spend in 120 days for $500...  I opened 10/2021 and closed 12/2022.

I previously churned their Flexperks cards back in 2016/2018.  Applications and bonuses > 1 year apart, but less than 2 years.  I didn't notice any more recent data points on DoC.

[Padonak]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

Are they going to drop the annual fee for Altitude Connect? I just got that card, first year free. Was considering downgrading it to the version (altitude Go) next year.

I am also considering applying for the Altitude Reserve ($400 annual fee but many perks). Does anyone know if it's possible do downgrade that card to the free Altitude Go later? I don't see why it wouldn't be but just want to double check.

[tj]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

Are they going to drop the annual fee for Altitude Connect? I just got that card, first year free. Was considering downgrading it to the version (altitude Go) next year.

I am also considering applying for the Altitude Reserve ($400 annual fee but many perks). Does anyone know if it's possible do downgrade that card to the free Altitude Go later? I don't see why it wouldn't be but just want to double check.

https://www.doctorofcredit.com/major-changes-to-u-s-bank-altitude-connect-card/

[Padonak]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

Are they going to drop the annual fee for Altitude Connect? I just got that card, first year free. Was considering downgrading it to the version (altitude Go) next year.

I am also considering applying for the Altitude Reserve ($400 annual fee but many perks). Does anyone know if it's possible do downgrade that card to the free Altitude Go later? I don't see why it wouldn't be but just want to double check.

https://www.doctorofcredit.com/major-changes-to-u-s-bank-altitude-connect-card/

Oh thanks, i must have missed that. They're saying they're also devaluing the points from 1 to .8 cpp  Do you know if you can still redeem them for 1cpp as a statement credit before Sept 9?

[tj]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

Are they going to drop the annual fee for Altitude Connect? I just got that card, first year free. Was considering downgrading it to the version (altitude Go) next year.

I am also considering applying for the Altitude Reserve ($400 annual fee but many perks). Does anyone know if it's possible do downgrade that card to the free Altitude Go later? I don't see why it wouldn't be but just want to double check.

https://www.doctorofcredit.com/major-changes-to-u-s-bank-altitude-connect-card/

Oh thanks, i must have missed that. They're saying they're also devaluing the points from 1 to .8 cpp  Do you know if you can still redeem them for 1cpp as a statement credit before Sept 9?

I would assume so.

[billy]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

Found out it's once every five years.

[Padonak]

@johnny847 and others, is it ok to use this thread for credit card churning information too? If it's ok, maybe you can add credit cards to the title?

I couldn't find any good threads specifically about credit cards.

[tj]

Is the US Bank Altitude Connect credit card churnable? I opened it on Sept. 2021 and cancelled it on Aug. 2022. It's looking like a great deal if so, especially since they are going to do away with the annual fee in Sept. I currently have the business variant open if that matters.

Found out it's once every five years.

How did you find out? I'm surprised it's that long.

[billy]

I know right, it's on the foot note #1 on the ad.

[bacchi]

@johnny847 and others, is it ok to use this thread for credit card churning information too? If it's ok, maybe you can add credit cards to the title?

I couldn't find any good threads specifically about credit cards.

There is a CC thread but it's long been lost to forum history.

I use this thread for both bank bonuses and credit card bonuses, as do others.

[Padonak]

I've been churning credit cards for SUB on and off for more than 10 years. My recent cards include:

2023:
Chase IHG Personal and Business (also opened and closed the same cards and received SUBs before covid)
2024
Chase Hyatt Business credit card. Received 65K points SUB for 5K spend
US Bank Altitude Connect (got approved recently). 50K points for 2K spend in 120 days
Applied:
US Bank Altitude Reserve 50K points for 4.5K spend in 90 days. If they approve me, will use it to pay this year's taxes.
Barclays Wyndham Rewards: New offer of 100K SUB for 2K spend in 6 months.

I get most of the information from Doctor of Credit. I also follow 10X travel website, read their FB group and even listen to their podcast. However, they don't always have the best offers available on their website (maybe because they make money on referrals and not all the best offers are eligible for that?). So it's always worth checking DoC for the best offers. Another problem I have with 10X is they seem to be obsessed with flying business and first class so their ranking of the most valuable cards is based on that, with the highest value/priority given to points that can be transferred to airline partners for premium flights (Chase UR, Amex MR, Citi and Cap One equivalents). I flew business class three times (for points or free upgrades) but I'm not so obsessed about it, don't mind flying economy even to another continent. So my priorities when it comes to choosing credit cards are slightly different. I'd rather have a generous cash/statement credit SUB and then use the money as I see fit. I agree with 10X though that if you're under 5/24 and can meet the SUB requirements, you should start from Chase Sapphire and Ink cards.

Before the pandemic, I also sold some of my miles and points to a points broker and made pretty good money on that. Tried to get a quote with the same broker recently for some miles and points I have and it was too low, not worth the hassle.

I always try to spend my points and miles as soon as can I get a reasonable redemption rate. I see them as funny money, a third world country's currency which is regularly devalued vs the USD and sometimes even expires or gets confiscated. So it's best to get rid of it as soon as you can. I don't let redemptions dictate my travel plans but I see nothing wrong with visiting a city or country I wanted to visit anyway if I find a good redemption rate for particular dates...or stay one more night somewhere if I get every 4th night for free with IHG.

For hotel points, Bangkok is probably the best city for redeeming them. It has all the major chains, each one has a few hotels with good availability and incredible value. Even with Wyndham points, which is a chain that has many shitty hotels around the world, i was able to find a great hotel in a great location in BKK for the lowest redemption amount of 7500/night with a free breakfast and a room upgrade to one of the best rooms i've ever stayed in.

[tj]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

[Padonak]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Yes, I agree, just found this card by accident when either you or someone on reddit mentioned it. It's not on the best card list of DoC or 10X.

[tj]

I don't think I've ever bothered with any sort of hotel cards.

I've done a few air line cards over the years, but I probably still have the miles from most of them.

I finally redeemed some Briitsh miles (to go to Hawaii on American Airlines) - and I must have opeend that card at least 7 years ago.

I generally focus on cash offers.

[Padonak]

Cash offers are much easier to value. It's basically a rebate on your spend.  Anything more than 20% is great but I'll take 15% or even 10% if it's easy. Even the IRS classifies credit card rewards as rebates and doesn't tax them.

With miles and points, people post ridiculously high CPP redemption rates but would they buy that first or business class ticket to Japan if they had to pay cash? Most of them wouldn't.

[chasesfish]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Thanks for this!

I've been getting two US Bank business cards per year, this one is worth using one of my personal tradelines at that redemption rate.

[JupiterGreen]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

[NotJen]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

I close after the 1 year mark, but before the annual fee is due.  AF gets reversed when I close the card.  Sometimes I ask if they can waive the annual fee instead of cancelling, but that rarely happens anymore.

[sonofsven]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

I close after the 1 year mark, but before the annual fee is due.  AF gets reversed when I close the card.  Sometimes I ask if they can waive the annual fee instead of cancelling, but that rarely happens anymore.

I've done the same but sometimes I'm late and the AF is charged. I've had success calling immediately and asking if I can cancel the card and have the AF refunded.
I've also successfully downgraded to a different card that has no AF.

[tj]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

I always close before the first year, I've never had a negative consequence. In the past I downgraded before the first year but then issuers started saying I have too much credit so I just close them

[NotJen]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

I close after the 1 year mark, but before the annual fee is due.  AF gets reversed when I close the card.  Sometimes I ask if they can waive the annual fee instead of cancelling, but that rarely happens anymore.

I've done the same but sometimes I'm late and the AF is charged. I've had success calling immediately and asking if I can cancel the card and have the AF refunded.
I've also successfully downgraded to a different card that has no AF.

The point is to have the AF charged.  They always reverse the fee when the card is closed, if it's before the statement closes.

[billy]

I feel like DOC doesn't post a whole lot about CCs anymore. They haven't updated the Best CCs page in ages.

Never made sense to me why the US Bank Altitude Connect never made it to the best CC page. Get $500 after spending $2k with the annual fee waived first year.

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

I close after the 1 year mark, but before the annual fee is due.  AF gets reversed when I close the card.  Sometimes I ask if they can waive the annual fee instead of cancelling, but that rarely happens anymore.

I've done the same but sometimes I'm late and the AF is charged. I've had success calling immediately and asking if I can cancel the card and have the AF refunded.
I've also successfully downgraded to a different card that has no AF.

The point is to have the AF charged.  They always reverse the fee when the card is closed, if it's before the statement closes.

Yup, I made a bobo when trying to close AMEX before 1 year via instant message, they said bonus may be taken back so I said never mind, and they let me know this conversation will be recorded. AMEX is a stiffler in general, but waiting for the AF to hit is a good move generally.

[Padonak]

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

I wait at least one year, then call and close the card if i don't get a retention offer. 10x website says you have to wait for the annual fee to post, then have it refunded when you close. I don't usually wait for that but i make sure it's at least one year since account opening.

The reason I wait at least one year is in case there is something in the small print that says if you cancel the card before one year you have to return the SUB. I don't care too much about the average account age on my credit report but if i did, i would always try to downgrade the card to a free version before cancelling.

[tj]

Interesting, thank you for this one! Questions for those of you who take on these CC with annual fees, do you close the accounts before one year? If I understand it correctly, closing a CC less than a year can have a negative impact on your credit. So how do y'all deal with these annual fee CC?

I wait at least one year, then call and close the card if i don't get a retention offer. 10x website says you have to wait for the annual fee to post, then have it refunded when you close. I don't usually wait for that but i make sure it's at least one year since account opening.

The reason I wait at least one year is in case there is something in the small print that says if you cancel the card before one year you have to return the SUB. I don't care too much about the average account age on my credit report but if i did, i would always try to downgrade the card to a free version before cancelling.

I cannot say I've ever experienced an SUB being clawed back.

[JupiterGreen]

Thank you, I did end up applying for US Bank Altitude Connect and Chase Freedom Flex, we'll see if I get approved. I'm not finding a lot of good deals, what other bonuses have people signed up for lately? For people who do a lot of churning, do you think new offers will drop once April hits?

[Padonak]

Thank you, I did end up applying for US Bank Altitude Connect and Chase Freedom Flex, we'll see if I get approved. I'm not finding a lot of good deals, what other bonuses have people signed up for lately? For people who do a lot of churning, do you think new offers will drop once April hits?

If you're under 5/24 and can meet the spend requirements for Chase cards, I would get a Sapphire or Ink with a UR points sign up bonus. I am over 5/24 so I applied for a Barclays Wyndham card (100K points offer). This offer is the highest it's ever been. Wyndham is not my favorite chain but they do have some nice hotels especially outside of the US. You just need to read the reviews carefully because they have a lot of shitty hotels, too

It's impossible to predict which SUB will become available in April or later but if you're not in a hurry I would wait and see. Something good usually comes up every couple of months or so

[AnotherEngineer]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

[tj]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

Yeah, also the Sapphire being only once every 4 years (and none of the other Chase personal cards tend to have super lucrative bonuses, unless you want Marriott or United?) makes 5/24 less of an issue during the 4 years that you have to wait to be eligible for the next Sapphire.

[Padonak]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

History repeats itself. I remember that many people use to do interest rate arbitrage before the interest rates dropped to almost zero. Does your credit score drop when you use most of your credit line on 0% cards? Mine dropped significantly when I tried it years ago but then quickly recovered after I paid the card off.

How do you get a 10% ROI on that?

[tj]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

History repeats itself. I remember that many people use to do interest rate arbitrage before the interest rates dropped to almost zero. Does your credit score drop when you use most of your credit line on 0% cards? Mine dropped significantly when I tried it years ago but then quickly recovered after I paid the card off.

How do you get a 10% ROI on that?

He wrote another post:

https://www.gocurrycracker.com/where-the-money-comes-from/

[bacchi]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

The Discover card is another option. For the first year, it's 10% back on categories and 2% back on everything else. P2 recommended me for an additional $100.

I have a lot of 0% float on both a WF and Discover card. P2 is working the 0% Fidelity card.

[Nutty]

Be aware that Capital One is buying Discover.  Not sure if there are changes coming to either CC but it makes sense.  I have both and Capital One is on pause for not posting and Discover limits you to 7 AU pre year.

[dandarc]

Be aware that Capital One is buying Discover.  Not sure if there are changes coming to either CC but it makes sense.  I have both and Capital One is on pause for not posting and Discover limits you to 7 AU pre year.

If regulators approve it. I'd think they probably would because if plans bear out, it creates better competition in the payment network space. But it also reduces competition in the card-issuing space. So could see this going either way, and I'd bet that Visa and Mastercard will be fighting it since they'll potentially be losing a significant amount of business if Capital One does succeed in moving $175 billion+ of annual transactions over to Discover network that they now own.

[tj]

Be aware that Capital One is buying Discover.  Not sure if there are changes coming to either CC but it makes sense.  I have both and Capital One is on pause for not posting and Discover limits you to 7 AU pre year.

Did you intend to post this in the tradelines thread?  Who else would need 7 AU per year?

[Nutty]

Be aware that Capital One is buying Discover.  Not sure if there are changes coming to either CC but it makes sense.  I have both and Capital One is on pause for not posting and Discover limits you to 7 AU pre year.

Did you intend to post this in the tradelines thread?  Who else would need 7 AU per year?

I assume there is overlap between these two discussions.  Ignore it if it doesn't apply.

[tj]

Be aware that Capital One is buying Discover.  Not sure if there are changes coming to either CC but it makes sense.  I have both and Capital One is on pause for not posting and Discover limits you to 7 AU pre year.

Did you intend to post this in the tradelines thread?  Who else would need 7 AU per year?

I assume there is overlap between these two discussions.  Ignore it if it doesn't apply.

I don't think selling tradelines and (deposit) bank account bonuses have anything to do with each other. I don't think most of the active tradeline thread people even hang out over here.

[MasterStache]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

I've been doing 0% interest rate arbitrage on 4 different Chase Business Ink cards starting late last year. Got 90K UR points SUBs on all 4 of them plus another 100K UR points for referrals. With them being business cards they don't report to personal credit report so there is no credit impact carrying large balances. I have the bulk of the money in a couple OnPath Checking accounts paying 7% (10K limit on the balance for 7%).

I predominantly focus on biz cards for myself and P2. Think I used roughly $4K in SUBs on Biz cards last year to pay taxes. Perhaps better cash out options but not having a huge tax bill at the end of the year is nice. I'll throw in a personal card or 2 throughout the year as well. I like to stay below 5/24 so I don't have to worry about Chase denials since Chase points are pretty valuable to us. 

[tj]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

I've been doing 0% interest rate arbitrage on 4 different Chase Business Ink cards starting late last year. Got 90K UR points SUBs on all 4 of them plus another 100K UR points for referrals. With them being business cards they don't report to personal credit report so there is no credit impact carrying large balances. I have the bulk of the money in a couple OnPath Checking accounts paying 7% (10K limit on the balance for 7%).

I predominantly focus on biz cards for myself and P2. Think I used roughly $4K in SUBs on Biz cards last year to pay taxes. Perhaps better cash out options but not having a huge tax bill at the end of the year is nice. I'll throw in a personal card or 2 throughout the year as well. I like to stay below 5/24 so I don't have to worry about Chase denials since Chase points are pretty valuable to us.

How did you end up with so many Inks with respectable credit limits? I did an Ink in January, but they only gave me a whopping $1.5k. My Chase freedom card has like a $27k limit.

[MasterStache]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

I've been doing 0% interest rate arbitrage on 4 different Chase Business Ink cards starting late last year. Got 90K UR points SUBs on all 4 of them plus another 100K UR points for referrals. With them being business cards they don't report to personal credit report so there is no credit impact carrying large balances. I have the bulk of the money in a couple OnPath Checking accounts paying 7% (10K limit on the balance for 7%).

I predominantly focus on biz cards for myself and P2. Think I used roughly $4K in SUBs on Biz cards last year to pay taxes. Perhaps better cash out options but not having a huge tax bill at the end of the year is nice. I'll throw in a personal card or 2 throughout the year as well. I like to stay below 5/24 so I don't have to worry about Chase denials since Chase points are pretty valuable to us.

How did you end up with so many Inks with respectable credit limits? I did an Ink in January, but they only gave me a whopping $1.5k. My Chase freedom card has like a $27k limit.

I'll move CLs around with my current and old Ink cards and sometimes just move my entire CL limit over before close out my oldest ink card. I don't have anything near $27K. Typically end up around $10K or so per card.

[tj]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

I've been doing 0% interest rate arbitrage on 4 different Chase Business Ink cards starting late last year. Got 90K UR points SUBs on all 4 of them plus another 100K UR points for referrals. With them being business cards they don't report to personal credit report so there is no credit impact carrying large balances. I have the bulk of the money in a couple OnPath Checking accounts paying 7% (10K limit on the balance for 7%).

I predominantly focus on biz cards for myself and P2. Think I used roughly $4K in SUBs on Biz cards last year to pay taxes. Perhaps better cash out options but not having a huge tax bill at the end of the year is nice. I'll throw in a personal card or 2 throughout the year as well. I like to stay below 5/24 so I don't have to worry about Chase denials since Chase points are pretty valuable to us.

How did you end up with so many Inks with respectable credit limits? I did an Ink in January, but they only gave me a whopping $1.5k. My Chase freedom card has like a $27k limit.

I'll move CLs around with my current and old Ink cards and sometimes just move my entire CL limit over before close out my oldest ink card. I don't have anything near $27K. Typically end up around $10K or so per card.

And you just have to wait a month or something in between each Ink? interesting. I'm surprised Chase would keep approving inks. The minimum spend on the Inks is a kind of a lot though. :D

[MasterStache]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

I've been doing 0% interest rate arbitrage on 4 different Chase Business Ink cards starting late last year. Got 90K UR points SUBs on all 4 of them plus another 100K UR points for referrals. With them being business cards they don't report to personal credit report so there is no credit impact carrying large balances. I have the bulk of the money in a couple OnPath Checking accounts paying 7% (10K limit on the balance for 7%).

I predominantly focus on biz cards for myself and P2. Think I used roughly $4K in SUBs on Biz cards last year to pay taxes. Perhaps better cash out options but not having a huge tax bill at the end of the year is nice. I'll throw in a personal card or 2 throughout the year as well. I like to stay below 5/24 so I don't have to worry about Chase denials since Chase points are pretty valuable to us.

How did you end up with so many Inks with respectable credit limits? I did an Ink in January, but they only gave me a whopping $1.5k. My Chase freedom card has like a $27k limit.

I'll move CLs around with my current and old Ink cards and sometimes just move my entire CL limit over before close out my oldest ink card. I don't have anything near $27K. Typically end up around $10K or so per card.

And you just have to wait a month or something in between each Ink? interesting. I'm surprised Chase would keep approving inks. The minimum spend on the Inks is a kind of a lot though. :D

I've never had more than 4 (2 Ink Cash and 2 Unlimited) at a time. Add in P2 and we typically have 6-8 Ink cards at a time. Also I space applications out typically 3 months if I want to open a couple. 

[tj]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

I've been doing 0% interest rate arbitrage on 4 different Chase Business Ink cards starting late last year. Got 90K UR points SUBs on all 4 of them plus another 100K UR points for referrals. With them being business cards they don't report to personal credit report so there is no credit impact carrying large balances. I have the bulk of the money in a couple OnPath Checking accounts paying 7% (10K limit on the balance for 7%).

I predominantly focus on biz cards for myself and P2. Think I used roughly $4K in SUBs on Biz cards last year to pay taxes. Perhaps better cash out options but not having a huge tax bill at the end of the year is nice. I'll throw in a personal card or 2 throughout the year as well. I like to stay below 5/24 so I don't have to worry about Chase denials since Chase points are pretty valuable to us.

How did you end up with so many Inks with respectable credit limits? I did an Ink in January, but they only gave me a whopping $1.5k. My Chase freedom card has like a $27k limit.

I'll move CLs around with my current and old Ink cards and sometimes just move my entire CL limit over before close out my oldest ink card. I don't have anything near $27K. Typically end up around $10K or so per card.

And you just have to wait a month or something in between each Ink? interesting. I'm surprised Chase would keep approving inks. The minimum spend on the Inks is a kind of a lot though. :D

I've never had more than 4 (2 Ink Cash and 2 Unlimited) at a time. Add in P2 and we typically have 6-8 Ink cards at a time. Also I space applications out typically 3 months if I want to open a couple.

Ahhh...another perk of having a partner. Double the credit card fun!

[Padonak]

As P2 and I are over 5/24, I don't do business cards, and don't get as much value out of travel cards as some, I've pivoted to interest rate arbitrage by getting 5% interest on 0% cards. Sure it is not as good a return as Chase Sapphire, but you can only do that so often. I'm getting a $200 SUB, 2% cash back on everything (which I usually scoff at), plus the ~5% interest (taxable) in HYSA, money market, or treasuries for 15-18 months until I pay it off. Total ROI is ~10% while I wait for P2 to get back below 5/24.

Here is GoCurryCracker's writeup. I ended up going with a Wells Fargo cash card: https://www.gocurrycracker.com/playing-the-spread-with-0-credit-card-offers/

I've been doing 0% interest rate arbitrage on 4 different Chase Business Ink cards starting late last year. Got 90K UR points SUBs on all 4 of them plus another 100K UR points for referrals. With them being business cards they don't report to personal credit report so there is no credit impact carrying large balances. I have the bulk of the money in a couple OnPath Checking accounts paying 7% (10K limit on the balance for 7%).

I predominantly focus on biz cards for myself and P2. Think I used roughly $4K in SUBs on Biz cards last year to pay taxes. Perhaps better cash out options but not having a huge tax bill at the end of the year is nice. I'll throw in a personal card or 2 throughout the year as well. I like to stay below 5/24 so I don't have to worry about Chase denials since Chase points are pretty valuable to us.

How did you earn 100k points for referrals?