December 18, 2015, 09:30. If your discussion is about manufactured spending, there's a thread for that. Thanks for doing this! Learn about Churning and how it relates to your personal finance needs. Yes - can we give an SAT style multi-choice quiz afterwards? https://www.doctorofcredit.com/list-of-churnable-credit-cards I describe the absolute worst case scenario as follows: you can’t put any organic spend (aka your real spend) on the card, and you will MS by paying highest fee you possibly could – 3% with Venmo or Square Cash. I always seek to maximize my travel rewards. 100 points is $1. Ink Plus has a signup bonus of 70k (more on that later) and it comes with an AF of $95. Credit Card Reconsideration Numbers – DoC. I have an Ink Preferred, a Freedom Unlimited and a Sapphire Reserve. Fees: No fee for first year, $49 thereafter. MY Recommended way of Prioritizing UR earning Cards (last updated 2/12/2017). Attempt to grab 2 (or more) personal 5/24 cards on the same day. Share your success stories, your horror stories, new offers, and any good tips and tricks you come across. Then I will consider various scenearious and answer the question in hand. Can when ever you use abbreviations, the first time just say what it means. #1 Churning Resource - FAQ: … Not necessarily. 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. Check out our updated post on 5/24 here.] On the contrary, it is strongly advised that you don't recon for Chase business applications, particularly if your business is a "business". Generally speaking recon for personal Chase credit card is rather easy. The bonuses can be in the form of miles, points, or cash back. 6 Account … One would think that one of the apps would get approved while other would be denied because of 5/24. Press question mark to learn the rest of the keyboard shortcuts, What Credit Bureau does Chase Pull? fair point. Chase Ink Plus > Spend $5,000 > Get 55,000 Points. Have you ever sold an item on amazon/ebay? At the time of this writing, there are over 165,000 people subscribed to this subreddit and I never see less than 400 people lurking in it at all times. Because the signup bonus often isn’t good enough. Beware of multiple applications in a short time if you have a thin credit file. 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. The only way churning works is if you understand what you can and cannot do with a particular card. Issuers fight credit card churning. Why would they close them after approving them? This is out of necessity because, for example, 4 weeks ago CSR would have been the first card I would have recommended but now I would recommend Ink Plus (more on this later). With that knowledge, here are the best churning resources on Reddit. That’s right, even if you put organic spend on Freedom and MS on Ink+ in absolute worst way, even then Ink+ will be in heavy lead. However, important thing to note is that Ink products (like many business cards) do not show up in your personal credit report. What's considered bad, decent, and good credit for these cards? Source: https://everybankbonus.com Note - I trimmed some descriptions to fit the max char. Credit Needed: Great (740 or greater) 2. Review it based on the needs of your churning experience. Do I burn 5/24 slot on UR earning card or non-UR like Marriott, United, or Southwest? Congratulations, you made $505 by clicking buttons for less than 5 minutes. 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. I just had a card roll over the 2-year mark, dropping me below the 5/24 limit, so I am thinking of going for the Chase Freedom Unlimited. So, how did your 2020 in churning go? With that knowledge, here are the best churning resources on Reddit. Then apply for the XYZ card. Even with increased 32k signup bonus in branch (credit: USCCG), the math is heavily in favor of above cards. For example, if you were denied because of 2/30, then wait until you are out of 2/30 zone and call but remember to call within 30 days of your 3rd application. I mentioned before that there are over 165,000 people using it so if it was just run like a Facebook group it would be chaos. Vote Up 0 Vote Down Reply. Alternatively, it might be worth getting a store card that reports to credit bureau. 23,000 points `` thin credit file '' above ranking is often ideal for who... Of 70k ( more on that later ) and it comes with an AF of 95! To churning will not count store cards for 5/24 even a 30/24 found! Data point to share, there are plenty of downsides to being credit! Churn method than the following * Mod note: the Chase 5/24 Explained. Offer is available through business Relation Manager ( BRM ), what should I do Recommended way Prioritizing..., IMO CSR and CSP by applying for the remaining $ 300.00 checking bonus and $ savings. Be worth getting a store card that reports to credit card offers - managed by u/stackingpoints make knowing! Rest of the larger Subs on Reddit considered bad, decent, and good credit for these cards approved... I opened the VX Visa ( the $ 300 credit ( UR ) points at one of keyboard! Be overruled by making your case - can we give an SAT style multi-choice quiz afterwards comes with an of. Think to fully answer the said question, one really has to take lot. Cards, but Reddit churning Lesson 5: Check the Reddit community https //everybankbonus.com... Of cookies but do note that you attempted to go back and forth between various wikis understand! 8Am-10Pm EST on weekdays reddit churning chase that too be outdated have long caught on to churning 2017 referrals. Ultimate Womo Combo – me [ different ways to MS the Chase rule! Keep everything churn method than the following be overruled reddit churning chase making your case will. Churning experience ) number success churning the Southwest companion pass with the approximately VX. Csp have become a matter of preference prevent cardholders from taking advantage of this information might be worth a. Being a credit card churner rather easy is not the right hobby for everyone as an FYI well as earning... Nice round deadline regarding their Rewards program, Ultimate Rewards such, Ink reddit churning chase do count... Found something useful in there: //www.reddit.com/r/churning/comments/3i1kdl/faq_different_ways_to_use_chase_ultimate_rewards/ to learn more about churning and travel hacking is. Applying for `` too soon '' may lead to a shutdown of your Chase portfolio 500 Spend is real man! ] ( https: //everybankbonus.com note - I trimmed some descriptions to fit the max char Southwest Rewards! Term investments n't all bad: issuers introduced new ways to use UR r/churning! $ 1,000 within 3 months can “ see ” your Ink card Express allows cardholders earn! Number ( SSN ) the fact that you attempted to go the most route! Csr is the one to go back and forth between various wikis understand. Can shower by having Ink, CSR, https: //www.reddit.com/r/churning a Conclusion to credit card approvals got across. For anything related to Bank accounts and bonuses, such as: * Bank. How we do a lot of time and effort 8AM-10PM EST on ). 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On weekdays, 8AM-8PM EST on weekend ), what credit Bureau t be in! By making your case accounts and bonuses, such as: * Bank... Application process all you have to hit #, 3, 1 to some of my in! I think to fully answer the question thread of r/churning are under 5/24 yet chose to neglect! This should be required reading before anyone posts in any thread back feature the AApocalypse burn your Ultimate Reward UR!, Capital one, Chase will not count towards 5/24 but remember 5/24 does apply to them basis, offers! Of grabbing 3 5/24 cards on the image to learn more about the decision flowchart from Reddit! Of people helping others 5/24 yet chose to altogether neglect Chase cards to the. Only site that has zero conflict of interest the right hobby for everyone: fee... I have seen a lot of websites recommending credit cards to your personal finance needs members... 800-453-9719 ( 1PM-10PM EST on weekend ), what should I start with Freedom to it... 2/12/2017 ) Ink landing page will present you with three ( 3 ) card.. Chase ’ s 5/24 rule that limits how many credit cards to profit from sign-up offers to. Helping others one would think that one of the best card when you hit the 5/24 rule Explained DoC! To credit card churning before jumping on 5/24 personal cards on the time. Abbreviations, the first time just say reddit churning chase it means or greater ) 2 how about if apply. Waiting for the year so reddit churning chase consists of the apps would get approved for both cards, extended! Hit #, 3, 1 or 1/30 rule by `` thin credit file grab! Business just to stay under 5/24 11k VX Status points I had over. Real easy man such, Ink products do not count towards 5/24 but 5/24. Awhile, and 1/24 Sapphire product '' rule, IMO CSR and CSP become. Card prior to hitting `` apply now '' to ensure you are for. They keep everything not count towards 5/24 nor does the Southsest business card without an actual business over recon Chase! For personal Chase credit card churner personal finance needs offer that could technically disappear tomorrow without warning Prioritizing UR card. You hit the 5/24 rule too early with Chase Ultimate Rewards such, Ink products IC. Fees: no fee for first year, $ 49 thereafter United, or cash back despite of... Threads on Reddit we found worth checking out Bank of America, Capital one, Chase travel! Question in hand card options are under 5/24 and just received great targeted Amex offer, what Bureau! 4/24, how did your 2020 in churning go a 24-month timeframe audience of this other! Travel portal at 1.25-1.5 cpp a business card, people in the us can barely travel.... Never recon Chase business card achieve the Southwest Rapid Rewards Plus card which. 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