Credit card bonus whoring

[Dan Druff]

I have decided to get into the exciting hobby of credit card bonus whoring.

Simply put, credit card bonus whoring means signing up for as many credit cards as possible with worthwhile bonus programs or benefits.

Here are the type of benefits I'm looking for:

- Ability to get some kind of high-value ($200 or more) short-term bonus. Sometimes this is tied to spending a lot in a short period of time, but I can easily do that. The bigger the bonus (either cash or miles), the better.

- Ability to get some sort of "multiple points or miles" on certain categories of spending. For example, some cards offer 5x points (essentially 5% back) on all internet and phone expenditures. Others offer it on restaurants. I'm looking for ones in the 5% range on major categories, even if only one category per card.

- Zero fee for first 6 months (or year). If there is a fee, the benefits need to be substantially higher. (For example, I don't want to pay a $95 fee to get a $200 benefit).


I have an ability to sign up both as an individual and a business, so go ahead and tell me about both categories.

I also have an ability to spend a lot of money in a short time in order to get these benefits.

Any suggestions would be appreciated. TY

BTW, I don't care about my credit score. Yes, I know it will suffer somewhat from doing this, but I have no problem with that, as I am not credit-score-obsessed given my needs for the coming years.

[abrown83]

I have decided to get into the exciting hobby of credit card bonus whoring.

Simply put, credit card bonus whoring means signing up for as many credit cards as possible with worthwhile bonus programs or benefits.

Here are the type of benefits I'm looking for:

- Ability to get some kind of high-value ($200 or more) short-term bonus. Sometimes this is tied to spending a lot in a short period of time, but I can easily do that. The bigger the bonus (either cash or miles), the better.

- Ability to get some sort of "multiple points or miles" on certain categories of spending. For example, some cards offer 5x points (essentially 5% back) on all internet and phone expenditures. Others offer it on restaurants. I'm looking for ones in the 5% range on major categories, even if only one category per card.

- Zero fee for first 6 months (or year). If there is a fee, the benefits need to be substantially higher. (For example, I don't want to pay a $95 fee to get a $200 benefit).


I have an ability to sign up both as an individual and a business, so go ahead and tell me about both categories.

I also have an ability to spend a lot of money in a short time in order to get these benefits.

Any suggestions would be appreciated. TY

BTW, I don't care about my credit score. Yes, I know it will suffer somewhat from doing this, but I have no problem with that, as I am not credit-score-obsessed given my needs for the coming years.

Druff the trick is to leave them open for a full year and close them right before you incur the annual fee.

The Southwest card always runs a promotions (a few times a year) for two round trip tickets in the US for signing up and spending like $2000.

Ideally you shouldn't open more than 3 or 4 a year.

[Dan Druff]

I have decided to get into the exciting hobby of credit card bonus whoring.

Simply put, credit card bonus whoring means signing up for as many credit cards as possible with worthwhile bonus programs or benefits.

Here are the type of benefits I'm looking for:

- Ability to get some kind of high-value ($200 or more) short-term bonus. Sometimes this is tied to spending a lot in a short period of time, but I can easily do that. The bigger the bonus (either cash or miles), the better.

- Ability to get some sort of "multiple points or miles" on certain categories of spending. For example, some cards offer 5x points (essentially 5% back) on all internet and phone expenditures. Others offer it on restaurants. I'm looking for ones in the 5% range on major categories, even if only one category per card.

- Zero fee for first 6 months (or year). If there is a fee, the benefits need to be substantially higher. (For example, I don't want to pay a $95 fee to get a $200 benefit).


I have an ability to sign up both as an individual and a business, so go ahead and tell me about both categories.

I also have an ability to spend a lot of money in a short time in order to get these benefits.

Any suggestions would be appreciated. TY

BTW, I don't care about my credit score. Yes, I know it will suffer somewhat from doing this, but I have no problem with that, as I am not credit-score-obsessed given my needs for the coming years.

Druff the trick is to leave them open for a full year and close them right before you incur the annual fee.

The Southwest card always runs a promotions (a few times a year) for two round trip tickets in the US for signing up and spending like $2000.

Ideally you shouldn't open more than 3 or 4 a year.

I was told that you can sometimes negotiate the fee off after a year, and can also get a refund of the annual fee within 30 days of it being charged (if you choose to close it).

I don't really want the Southwest card. I hate them.

Why shouldn't I open more than 3-4 per year? What will happen if I open more than that? I spoke to someone today who has 30 accounts open and hasn't had any negative repercussions from it, aside from a lowered credit score.

[abrown83]

Druff the trick is to leave them open for a full year and close them right before you incur the annual fee.

The Southwest card always runs a promotions (a few times a year) for two round trip tickets in the US for signing up and spending like $2000.

Ideally you shouldn't open more than 3 or 4 a year.

I was told that you can sometimes negotiate the fee off after a year, and can also get a refund of the annual fee within 30 days of it being charged (if you choose to close it).

I don't really want the Southwest card. I hate them.

Why shouldn't I open more than 3-4 per year? What will happen if I open more than that? I spoke to someone today who has 30 accounts open and hasn't had any negative repercussions from it, aside from a lowered credit score.

The lowered credit score can actually prevent you from getting approved and getting new cards.

If you grab a lot of credit all at once you will prevent yourself from getting the really great credit card deals that come a long 2-3 times a year.

As you have more accounts opened over time the more cards you can get away with opening.

The whole credit score system is total bull shit. I have a thread about improving your credit score on this site somewhere for anybody reading this that is interested in improving their score, so they can whore like Druff.

[BeerAndPoker]

You don't want to have too many credit cards but if you have a lot have them reduce your credit line if they will on the ones with shit comps. One of the things the card companies look at is credit available for you to spend and if it's too much then it can hurt your credit rating.

If a card gives you a $10k limit and you don't think you will ever come close to using that much for this card then tell them that is way too much and have it reduced to something like $2k.

I get these things in the mail all the time many of them from chase where you get $250 just for signing up and I don't know why I just pitch them but I do. Their is no annual fee on the one they keep sending me or amount I have to spend it's just the rewards credits aren't rewarded until 90 days.

Once the time is up cancel the cards with any fee or shitty rewards.

You can negotiate the fee on some cards. I've had annual fees removed a few times telling the company I'm not paying that and have other cards or will apply elsewhere if they won't remove it. Some of them will just waive the fee while others will give you the run around at which point you just tell them you want to cancel.

[FreeGucciMane]

Also pick up the Chase Sapphire preferred. Free $500 in travel credits after 3k spent in first 3 months. $95 annual fee.

[Hockey Guy]

You don't want to have too many credit cards but if you have a lot have them reduce your credit line if they will on the ones with shit comps. One of the things the card companies look at is credit available for you to spend and if it's too much then it can hurt your credit rating.

Maybe it's a Canadian thing but this hasn't hurt my credit rating at all.

[NaturalBornHustler]

You don't want to have too many credit cards but if you have a lot have them reduce your credit line if they will on the ones with shit comps. One of the things the card companies look at is credit available for you to spend and if it's too much then it can hurt your credit rating.

If a card gives you a $10k limit and you don't think you will ever come close to using that much for this card then tell them that is way too much and have it reduced to something like $2k.

I get these things in the mail all the time many of them from chase where you get $250 just for signing up and I don't know why I just pitch them but I do. Their is no annual fee on the one they keep sending me or amount I have to spend it's just the rewards credits aren't rewarded until 90 days.

Once the time is up cancel the cards with any fee or shitty rewards.

You can negotiate the fee on some cards. I've had annual fees removed a few times telling the company I'm not paying that and have other cards or will apply elsewhere if they won't remove it. Some of them will just waive the fee while others will give you the run around at which point you just tell them you want to cancel.

This is not true.

One of the biggest factors in your credit score is your debt to credit limit percentage. If you have 5 cards all run right up to the max, or lower existing lines that you are not using it will lower your score....sometimes by a lot. You always want to have credit lines that aren't being used if possible.

There is nothing better for the credit bureau's to see you have 100k in credit but are only using 10k of it. If you have 25k in lines and are using 24k of it, it is looked at as you being maxed out (which you are) and right on the edge of financial issues if anything ever goes wrong. That is a high risk person, while a person with say 5x debt credit available is looked at as in no real danger to default because they have so much access to other credit.

You never want to shut accounts down, or lower limits if you aren't forced to by the bank.

[ShadyJ]

You don't want to have too many credit cards but if you have a lot have them reduce your credit line if they will on the ones with shit comps. One of the things the card companies look at is credit available for you to spend and if it's too much then it can hurt your credit rating.

If a card gives you a $10k limit and you don't think you will ever come close to using that much for this card then tell them that is way too much and have it reduced to something like $2k.

I get these things in the mail all the time many of them from chase where you get $250 just for signing up and I don't know why I just pitch them but I do. Their is no annual fee on the one they keep sending me or amount I have to spend it's just the rewards credits aren't rewarded until 90 days.

Once the time is up cancel the cards with any fee or shitty rewards.

You can negotiate the fee on some cards. I've had annual fees removed a few times telling the company I'm not paying that and have other cards or will apply elsewhere if they won't remove it. Some of them will just waive the fee while others will give you the run around at which point you just tell them you want to cancel.

Its better to have more credit opened not used then doing this.

[BetCheckBet]

The greatest thing about being rich is not having to worry about stuff like this. Leave this to the single mothers and college students.

[sonatine]

Start a credit card bonus whoring subforum imo.

[FreeGucciMane]

I am a self proclaimed EXPERT on credit card bonus whoring.

First get chase freedom if you haven't already. Easy free $100 with 5% cash back on select categories every statement cycle that you have to "opt in" for. No annual fee ever!

Also the $175 annual fee after first year American Express Blue cash preferred card will get you free $150 then its 6% at any grocery store, 3% at gas stations, 1-2% anything else. Up to 6k a year for the grocery store dealio. You can also buy gift cards at the grocery store like gas cards and get the 6% if you don't plan on buying food with it...That's a nice trick.

If you are looking for a status symbol amoung bitches get American Express platinum. Also get that card if you are a frequent flier...$450 a year annual fee.

You want more cards let me know old sport.

[FreeGucciMane]

I am a self proclaimed EXPERT on credit card bonus whoring.

First get chase freedom if you haven't already. Easy free $100 with 5% cash back on select categories every statement cycle that you have to "opt in" for. No annual fee ever!

Also the $175 annual fee after first year American Express Blue cash preferred card will get you free $150 then its 6% at any grocery store, 3% at gas stations, 1-2% anything else. Up to 6k a year for the grocery store dealio. You can also buy gift cards at the grocery store like gas cards and get the 6% if you don't plan on buying food with it...That's a nice trick.

If you are looking for a status symbol amoung bitches get American Express platinum. Also get that card if you are a frequent flier...$450 a year annual fee.

You want more cards let me know old sport.

Wow I was wrong it's only 75 annual fee not 175

https://www304.americanexpress.com/c...cash-preferred

[splitthis]

I am a self proclaimed EXPERT on credit card bonus whoring.

First get chase freedom if you haven't already. Easy free $100 with 5% cash back on select categories every statement cycle that you have to "opt in" for. No annual fee ever!

Also the $175 annual fee after first year American Express Blue cash preferred card will get you free $150 then its 6% at any grocery store, 3% at gas stations, 1-2% anything else. Up to 6k a year for the grocery store dealio. You can also buy gift cards at the grocery store like gas cards and get the 6% if you don't plan on buying food with it...That's a nice trick.

If you are looking for a status symbol amoung bitches get American Express platinum. Also get that card if you are a frequent flier...$450 a year annual fee.

You want more cards let me know old sport.

Current Amex blue cash is spend 1000 in 3 months get 250 back.

[Shizzmoney]

The greatest thing about being rich is not having to worry about stuff like this. Leave this to the single mothers and college students.

NeoFeudalism 101

[Dan Druff]

Discover It card:

https://www.discovercard.com/cardmem...ngsite&sc=KCV6

$150 cash back after spending just $750

You also get 5% back in various categories, which change every 3 months.

No fee.

Liberal approval process/standards.

POST #8000!

EDIT: I see fr1ght already posted about this. oops.

[4Dragons]

The greatest thing about being rich is not having to worry about stuff like this. Leave this to the single mothers and college students.

NeoFeudalism 101

[Dan Druff]

The greatest thing about being rich is not having to worry about stuff like this. Leave this to the single mothers and college students.

NeoFeudalism 101

Actually this wouldn't work for single moms and college students (at least for many of the offers), because they require a relatively high expenditure of money within 90 days on each card.

This is why I don't alert people like Ken Scalir to this approach.

Perhaps that's what Shizzmoney meant by his "NeoFeudalism" comment.

My attitude is, "If I'm going to spend this money anyway, why not get something back for it?"

[Drawingdead]

Spend 500$ get 150$ back. No interest

https://www.capitalone.com/credit-cards/quicksilver/

[Dan Druff]

Spend 500$ get 150$ back. No interest

https://www.capitalone.com/credit-cards/quicksilver/

This isn't a bad card. It's 1.5% direct cash back, approval isn't all that tough, and you get that $150 bonus for only $500 in expenditures.

However, if you're looking for a good general card, this isn't the best one, even if you don't have a business TIN.

The Citibank Double Cash card gives you 2% back (1% immediately, 1% upon payment): https://www.citi.com/credit-cards/cr...sh-credit-card