Originally Posted by
OATS09
Also, why would you want so many cards at once? It seems your plan for churning was to spend $50,000 in the first three months in order to be able to get all the signup bonuses. It'd be wise to pick one card, get the bonus, then do the next. I don't sign up for cards unless I have big purchases coming up; right now I have two large and one small airline tickets to purchase and two cruises to pay off (one December 2019 and one May 2020).
I have a $8K trip that would fill 2-3 larger cards. Many of the ones I am evaluating only require $500-$1000 over 3 months, and I projected them out to easily pay using my ~$2400/month spend.
Appreciate all the notes. I had researched the 5/24 rule but thought rapid applications was the usual means to bypass this initially as each application would be blind to the others. I see now that is not the case.
I was most interested in posting here to see if I was a first/rarity to have an approval revoked, appreciate the note that that isn't super uncommon. I'll keep learning/reading and keep my pace more modest in the future. Enjoying some bank bonuses as we speak whilst waiting to see how the CC's pan out. If any of the larger ones I was counting on fall through (Cap1 Savor is a great value for my lifestyle and a great bonus) I'll consider recon.
Thanks!