Originally Posted by
VegasGambler
No, I've done the research. I'm not doing it again just to get references for you. You can feel free to read up and get the facts for yourself. Or not. But I'm certainly not doing it for you.
I'm not threatening shutdowns. I'm just pointing out that Chase has done them in the past specifically for "too many credit card applications" (their words, in the shutdown letters, which you would see if you bothered to actually do the research -- there are plenty of photos on the blogs) and so it seems obvious (to me) that if you apply for too many they will shut you down. I don't know (or care) where the line is but if you are earning 1M pts a year from Ink SUBs that's 12 Ink cards a year so it's obvious (to me) that that's going to be over that line.
Again, I don't care how many CCs you or the OP sign up for but it's reckless when someone comes in to troll/brag about this stuff without being very clear about the risks involved (if he is even aware of them; I'm guessing that OP is very new to this hand and is probably not aware)
It's perfectly reasonable to do this as a calculated risk (you might be willing to risk your relationship with Chase for a few million points) but, again, it's reckless to talk about this without being very clear about the risks.
I'm not telling anyone not to do this. People should do their own research and make their own informed decisions.
I completely agree - the concern for me is that someone with a lot less financial power than OP will see these posts and think this is something they can do without a clear understanding of the risks. 12 Ink cards is ridiculous and will trigger something on Chase's side at some point. No legitimate sole proprietorship requires 12 separate credit cards.
OP will likely be fine regardless of what happens. With that income, they can probably pay cash for their stays anyway (depending on their other financial commitments). However, others who read this forum or find it through a search might not have context of the risks and have a more negative lifelong consequence that could impact their ability to travel to the hotels they want to travel to (points might be their own feasible way to afford aspirational trips).