132 CCs and counting
Nov 15, 2008, 10:06 am
#31
Join Date: Jun 2008
Location: PBI / JFK, ISP, LGA
Programs: AA, AS, AV, B6, DL, F9, WN
Posts: 866
I know that the fees can be waived for the first year. But after that one must pay the fee. IMHO, it does not make sense to have too many CCs with annual fees.
I perfer to put all my spending on one or two cards in order to maximize the miles earned with the airlines I fly most often.
I perfer to put all my spending on one or two cards in order to maximize the miles earned with the airlines I fly most often.
Nov 15, 2008, 4:19 pm
#33
In memoriam
Join Date: Jan 2006
Posts: 4,020
Meantime, gather ye miles while ye may. ^
Nov 15, 2008, 4:37 pm
#34
Join Date: Jun 2008
Location: PBI / JFK, ISP, LGA
Programs: AA, AS, AV, B6, DL, F9, WN
Posts: 866
Many people are unable to obtain mortgages because they have too many CCs and to much debt on said cards.
Of couse an offer by a CC may lead to a "free" trip, but that should not be the reason why someone obtains a CC.
Of couse an offer by a CC may lead to a "free" trip, but that should not be the reason why someone obtains a CC.
Nov 15, 2008, 4:50 pm
#35
Join Date: Apr 1999
Location: Northport, NY
Posts: 1,732
Have credit cards - but manage them responsibly. In general, having credit cards and installment loans (and paying timely payments) will raise your credit score. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly.
Having many credit cards does NOT mean you are in debt. Churning CCs is profitable if you pay in full ever month. Clearly you are not a fan, but it works for many of us. To each his own.
Last edited by Schutzee; Nov 15, 2008 at 9:16 pm
Nov 16, 2008, 12:53 pm
#36
Join Date: Jun 2008
Location: PBI / JFK, ISP, LGA
Programs: AA, AS, AV, B6, DL, F9, WN
Posts: 866
Schutzee, I agree with you completely. I just believe most people are not that responsible with their credit. The stats seem to prove that. The average American has about $8,000 in CC debt.
Nov 16, 2008, 1:41 pm
#37
Join Date: Mar 2006
Programs: UA Silver
Posts: 168
one time bonus offer for first time cardmembers only...
Earlier in this thread it was asked how you (productive churners) are getting multiple bonuses by churning if the application clearly states only one bonus per cardmember. How are you getting around that? Are the companies bad at keeping records?
I have 4 UA 30,000 direct mail offers in my desk and would be happy to churn them but they all say there is only one first time bonus and I have already done it once.
I appreciate your thoughts.
I have 4 UA 30,000 direct mail offers in my desk and would be happy to churn them but they all say there is only one first time bonus and I have already done it once.
I appreciate your thoughts.
Nov 16, 2008, 1:55 pm
#38
Join Date: Apr 2007
Location: RIC
Programs: AA Gold (1MM), SPG Gold, HHonors Silver, Hyatt Platinum
Posts: 59
I'm glad you have an opinion on this matter, and that we now know it. However, you really don't need to keep replying against this activity in this thread. It has great benefits and great risks. One should understand both fully before undertaking this sort of behavior. I do it, but I don't really recommend it for anyone else.
Nov 16, 2008, 2:08 pm
#39
Join Date: Nov 2007
Location: DCAs in walking distance
Programs: UA Million miler
Posts: 384
OP,
Thx for sharing your successful methodology. I learned lots due your willingness to spell out your system. Many FTers are so secretive that a newbie can't figure out their jargon, let alone their "trick". I understand their paranoia is based in fear of losing their special advantage. I appreciate your openness.
Thx for sharing your successful methodology. I learned lots due your willingness to spell out your system. Many FTers are so secretive that a newbie can't figure out their jargon, let alone their "trick". I understand their paranoia is based in fear of losing their special advantage. I appreciate your openness.
Nov 16, 2008, 4:11 pm
#40
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,474
Earlier in this thread it was asked how you (productive churners) are getting multiple bonuses by churning if the application clearly states only one bonus per cardmember. How are you getting around that? Are the companies bad at keeping records?
I have 4 UA 30,000 direct mail offers in my desk and would be happy to churn them but they all say there is only one first time bonus and I have already done it once.
I appreciate your thoughts.
I have 4 UA 30,000 direct mail offers in my desk and would be happy to churn them but they all say there is only one first time bonus and I have already done it once.
I appreciate your thoughts.
Nov 16, 2008, 4:13 pm
#41
FlyerTalk Evangelist
Join Date: Mar 2006
Location: DFW
Programs: AA 1M
Posts: 31,474
OP can you tell us who sent the denial letters?
ALso since you joined FT only this sep, how did you know about churning and how many times did NW let you churn.
ALso since you joined FT only this sep, how did you know about churning and how many times did NW let you churn.
Last edited by UA Fan; Nov 16, 2008 at 4:55 pm
Nov 16, 2008, 4:50 pm
#42
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
Needless to say, the 50% cardholders have no problem using credit cards. Yours truly have not paid 1 penny of finance charge for 2 decades of card usage, fyi.
If you cannot handle CC spending and fearful of having more than a couple cards would tempt you to spend more than you can afford, then Yes, dont get extra CC. However, you really do not need to preach the peril of owning CCs because this thread is clearly not for that purpose.
Nov 16, 2008, 8:15 pm
#43
Join Date: Feb 2008
Location: CHS
Programs: Delta, AA, BA, United, Hyatt Globalist, Hilton Honors Diamond, SPG Marriott Gold, Sixt Platinum
Posts: 1,142
Nov 16, 2008, 8:46 pm
#44
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
If you do a search on United card you would find quite a number of posts about this well-known bit of info.