Originally Posted by
GrandMoffJoseph
Yep, I get that the credit score recovers quickly from basic inquiries, and as long as you manage it well, the long term effect is null, if not a net positive for a person.
I suppose it sounds a bit silly, but my hesitance towards churning isn't over the credit score itself, but the juggling act of opening/closing cards, and keeping track of which one(s) are in use, their point status, etc. More critically though, the threads I'm seeing lately about Chase and Citi closing accounts and confiscating points adds to the 'tred softly' mindset.
Perhaps I'm over thinking it. But, I'd rather start out from a guarded position, and expand from there when I know the coast is clear, so to speak.
I can certainly see what you're saying, and can't really disagree.
But, the cc game is one of organization and juggling.
If you do not want to hassle, you should simply get a 2% cashback amex, and put all the earnings towards a ticket.
It seems that...
On one hand, you want free travel to Australia, and maybe even some hotel action to boot...
But, on the other hand, you don't want "the juggling act of opening/closing cards, and keeping track of which one(s) are in use, their point status, etc" (per your own words).
Can't have both, unfortunately...