Originally Posted by
Globalist on points
… slow and measured approach and operating within the banks own rules. …
I'm sorry if this has come across as bragging. That was not my intention. …
It seems that I may be an outlier. I think people that churn cards to the level I do are more likely to cash them out for $, but that takes some of the fun out of it for me.
Originally Posted by
Globalist on points
Nothing up my sleeve, I think I've been very clear about my approach. I space out apps 90+ days, I sign up for no more than 2 business cards per year with Chase per SSN or EIN. Last year it that amounted to 8 total, and for the last 5 years it has ranged from 5 to 9 Chase cards per year, and about the same from other cards. I've signed up for 72 cards in total in the last 5 years, but I follow the banks rules, and think about long-term velocity. …
(When you write “I've signed up for 72 cards …”, is that you alone or you and another person?)
Presuming those numbers are for 2 people, it’s reasonably aggressive and (obviously) highly lucrative. FWIW, I’m solo with 40 new cards in the last 5 years (just a fact, not bragging). We’re not outliers, there are plenty of others just like us. Not sure that (many) people that churn cards to the level we do cash out for $, I suspect they use miles and points for awards across a range of programs (instead of 1 specific program) and/or save miles and points (so that they’re less concerned about awards that used to cost 57,500 miles now averaging 187,500 miles and would be more difficult to obtain for an earn-and-burn advocate).
Interesting that one author above wrote “12 Ink cards a year” and other authors ran with that to accuse you of bragging and being overly aggressive and unnecessarily risking shutdown. It’s unfortunate that you’ve been subjected to (and chose to defend yourself from) gratuitous attacks from those who are most likely simply envious. It’s sad that those who are excessively concerned about shutdowns use sensationalism tactics. While 2 or 3 flights of stairs can be considered good exercise, no one should have to walk up 12 flights of stairs because someone else is afraid of elevators.