PDX_Roy

Wife and I get a Citi Amex each 60 days,
Citi MC each 60 days,
Citi Business each 90 days
Total 32 cards/year

ned

When do you cancel them?

PDX_Roy

I will start next month with the oldest card which will be 6 months after its approval date.

ESpen36

You probably don't want to know what your FICO is...

Also, how do you keep track of all of those hard pulls on your credit reports? You must have hundreds.

PDX_Roy

When I activate a card, they offer 30 day free credit reports. Haven't checked in a month but I was down to 756.

I intend to refinance my mortgage in March and my credit union said that I would get their best rate if my score stays above 700. When I asked my original mortgage broker about all of this churning, he said I would get his best rate with a 600 score.

So in 5 months I have gone from 786 to 756. My concern is Citibank will end the first year no fee.

gerald5

That's incredible... 32 cards x 20k miles/card/yr = 640,000 miles! I'm jealous

PDX_Roy

My math is 30k miles x 20 cards and 20k x 12 cards. I can't charge the $10,750 on the Amex cards to max out the bonus miles.

And from what I understand, one could also get a Visa card each 60 day period. Someone else can do the maximum.

jaymar01

I have a Citibank Business card that will soon reach its one-year anniversary.

I plan to close it down and reapply for another card for the 25,000 miles sign-up, and to avoid the $75.00 annual membership fee.

Should I wait for some period of time (perhaps 60 days), between closing my current account, and applying for a new business card?

Thanks for any thoughts.

tev9999

If you are not already, sign up with True Credit (or similar) and start the bumpage game. Citi pulled Trans Union on the three cards I got in October/November. I just bumped off a mid November inquiry yesterday. It is easy to get rid of Citi inquiries, at least for me. One to go to be at zero.

holtju2

True Credit will close your account for "suspicious" activity if you pull daily. This happened to me and quite a few others. There are other similar services around, however.

pushback

Explain truecredit, etc., please. Is there a way to get a constant look at your FICO?

forextrader

http://www.aa.com/apps/AAdvantage/Vi...artnersContent

Assuming you have the spending capability, seems the AMEX card also qualifies for 30,000 miles after spending $10750.

So if my math is correct:
6 Personal M/C + 6 Personal Amex + 4 Business M/c = 16 cards
Each card gets 20,000 bonus + 750 miles for spending + 10,000 bonus + 10,000 miles for spending = 40750 miles per card
16 cards x 40750 miles/card = 652,000 miles x 2 people = 1.3 million miles per year.

tev9999

True Credit is one of the three-in-one monitoring services, offered by Trans Union. It allows you to pull a new credit report from all three bureaus every 24 hours. There appears to be a glitch in the Equifax and Trans Union systems that allow soft pulls (the ones you initaite, ones used to identify you for pre-approved offers, and ones used by your existing creditors to check up on you) to "bump" hard pulls (actual applications for credit). Normally the hard pulls should stay for two years, but you can get rid of them in 2-4 months with enough soft pulls. It does not work on Experian.

They will give you a credit score, but it is not your true FICO. Your real FICO is expensive to get from limited services such as myfico.com. The FAKO scores generated by the other services are an approximation, in my case they were 20-50 points lower than what my actual FICO was last I checked.

PDX_Roy

Yes the Amex earns the same - I don't have the income to max 44 cards

These bonus offers end Feb 29, 2008 but hopefully there will be more offers.

forextrader

https://www.citicards.com/cards/wv/f...ARDS&x=59&y=10

This link from citicards.com has no date of expiry - same offer as you are using. So if this deal is working for you, no reason to stop on Feb 29th.