I apply for a new Chase, BofA, and Citi card every 45 - 60 days, for years, and plan to continue. I have dozens and dozens of acct.s on my credit report, both closed and open, and have enjoyed the sign up bonus miles, each year, every year, and so does Mrs. kaukau! I have an excellent credit rating. I carry no debt. They continue to issue me all the new acc't.s I apply for, each with full sign-up bonuses and benefits. Now that they "know" me, they are not too worried that I will suddenly max-out all these cards with hundreds of thousands of unsecured credit, and disappear overseas, which is the BIG fear, and they give me all the candy I can eat, for free!