Originally Posted by
bjywong
So what are everyone's recommendations for churning multiple Alaska cards?
How many should you have open at any one time?
Is it recommended to downgrade your older cards so you still have that credit available to move over to a new application (and also avoid a credit hit for cancelling a card)? Or do you cancel the older cards completely?
As of now their system does not allow for product switching. We'll see what happens once they're system is fully restored.
I don't see any reason to cancel the card with all the credit. If you move it over to a different card before cancelling then you kind of guarantee approval for your next application. To keep it less awkward I am keeping 1 non-Alaska MBNA card open (MBNA Rewards card). That is where I will "store" my unneeded credit. On my next application, if I am not approved I will have them move over $500 from that card to a new Alaska card.
When it comes time to close an Alaska card I will ask them to move the credit back over to the Rewards card.