Originally Posted by
Globalist on points
I disagree about the shutdown risk. I'm not new to this game, I signed up for my first ink card in 2017, and have been slow and steady since then. I've studied the profiles of users that have been shutdown, and they are very different than what I am doing. I am down to 2/24 and stick to 1/90 velocity. I stay under the radar, and still bring in 1 million Hyatt points per year.
Originally Posted by
Globalist on points
… Here is a breakdown of how I have earned my points in the last 12 months:
95% of my points are from credit card sign up bonuses. I have signed up for 8 UR/Hyatt earning cards. These 8 cards have netted me 890,000 points from the sign up bonuses and self-referrals (I also sign my spouse up for cards).
I had to spend about $75,000 to meet the minimum spends on these cards, probably about half of that was manufactured, ….
Outstanding, reads as though your aggressive strategy (which I share) is a winning strategy. Personally, other than tax payments which could possibly be considered MS, I do ZERO MS on Chase cards, don’t want even a whiff of something undesired. And I’m not sure you (and your +1) can count on a million points per year and 890,000 in SUBs EVERY year.
There was a popular thread here several years ago (before anti-churning policies) about earning 500,000 or 1,000,000 in SUBs (one person, no real businesses) every year, not just one year. Obviously once the issuers started their anti-churning procedures, earning that much annually became much more challenging.
BREAK
Originally Posted by
VegasGambler
Yes, and then they do an audit, realize that you are gaming the system, and shut down all your credit cards and bank accounts with them, and never allow you to do business with them again.
… Chase is by far the most heavy handed with their shutdowns; the worst of any of the lenders. …
You’ve posted similar comments about Chase, without providing any evidence or datapoints, on multiple threads recently; it all reads like “the boy who cried wolf” and “the ski is falling”. It’s well documented that MS is a risk factor for shutdown, it’s not at all documented that high velocity applications and/or biz applications without a “real” business are risk factors. Perhaps you would be so kind as to offer some evidence and datapoints to support your claims and opinions.