Originally Posted by
SLCAMS
I don't earn anywhere near as many as some on here. I don't play the credit card game, why jeopardize a credit score for a few airline points of depreciating value? I stick with Chase Preferred and can use those rewards on virtually any airline, not just the one on front of a card.
I now burn airline miles as soon as I earn them. been caught out too many times hoarding them when a devaluation comes along....my current situation with WN! I earned a 150K points on WN last year and now trying to burn them as fast as possible.
I agree with skibum7732. You don't jeopardize your credit scores. After more than 3 years in the game with between 12-16 new cards per year, my three credit scores stayed about 780. Of course, you need to:
-carry zero balance (otherwise, the game is not worth it)
-Pay in full before the statements are issued so that your ratio of credit used vs. credit available is very low.
-Keep track of all cards in an excel spreadsheet with all the required info so that nothing falls through the cracks!
-And you got to love this game
. This is a hobby more than anything else but that earns you some money. I calculated that the points spent last year were worth about $30 K.
I don't do any manufactured spending. It is all 100% legit.