Originally Posted by
wyogold
Been doing this for 9 months now. Open account, request match, complete MS, wait for miles to post, pay off, reduce CL to 2K, close account.
Only drawback is that it gets pretty stupid after a while.
Citi doesn't know / care.
If #1 is current app, #2 is previous app etc, what we do is the following:
1 approved
Close 4
Hold 3
Hold 2
SM match number 1
Min spend (hello TCB->GCM!)
SM decrease credit line to 5k on 1
Repeat.
This leaves an active one, the most recent 2 previous are allowed to have an extra statement in case of any issues and we close number 4 ago.
This ties up 10k of credit line between 2 and 3 and however long the closed ones hold on to it, but it has paid off with the recent match to 75k and I'm now going back to 2 and 3 to SM