The good news is that nobody will become a Lifetime Globalist from MS-ing for points.

So eventually the credit card game ends, and the affected people will be forced to go see how much worse things are over at Hilton and Marriott...

How do you have eight sign up bonuses over the last twelve months if you're keeping around 2/24?

You do realize that Chase must pay Hyatt for these million points? They're likely losing money off of you. I doubt that you're an ideal customer.

To be clear, I'm super impressed that you've made it work. Well done.

All the cards I've signed up for in the last 12 months have been business cards, they don't count toward 5/24 and don't show up on my credit profile.

Yes, I realize that Chase is paying Hyatt for the points. Based on my automatic approvals, they don't seem to have a problem giving me more though. Their algorithm see's my high credit score, high income, low number of (personal) cards, and small amount of credit offered to me and automatically approves me for every new card I sign up for with them.

Thanks avogadro, it is a fun hobby!

Nobody? No, just not that many. There are some pretty creative people around who know how to make cream from MS milk and have already done so.

Last i checked credit card spend doesn't count for lt so no one will earn it based on cc spend.

Last I checked, MS-ing for points on some bank cards could be done so as to generate points that could be used toward Hyatt stay activity that counted and still counts toward lifetime Globalist status.

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.

Your should read some older threads from before the 5/24, when personal cards were churnable. It's not like this hasn't happened before. Chase is by far the most heavy handed with their shutdowns; the worst of any of the lenders. They even tried to confiscate the points in peoples' accounts (but they weren't allowed to do that, fortunately)

As far as I know, Lifetime Globalist can be only be achieved by base points, which can only be earned through paying cash on stays.

Points from some bank cards may be used to pay for paid rates at Hyatt where the stays count toward Hyatt base points for lifetime Globalist, and there has been MS using those cards to cover such Hyatt stays. The Hyatt credit cards aren’t the only bank cards out there used for MS, it’s just that the Hyatt cards are not useful for this purpose. But other cards have been useful to MS toward points that can be used to get lifetime Globalist status.

I take it this is the 1st time you have done this, how do you repeat it year after year? Or was your plan simply to be a Globalist for 1 year?

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

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.

I second this. Stopped all MS/churn on Chase years ago when I realized how valuable the Sapphire Reserve and UR are, and just got back into AMeX good graces after trying for 18 months.

Actually stopped churning in general after American Airlines decided all the SUBs Citi gave us was against their T&C�. Losing 1.2 million Aadvantage miles hurt although they also lost my business revenue I had moved over to them.

I'm not doing your research for you. If you can't be bothered to type "Chase shutowns" into your favorite search engine then your are on your own.

I never said that they did it for business applications before. But they did it for personal ones. If you want to believe that they are somehow unwilling or unable to do it for business cards, that's up to you. If you are comfortable with the likelihood that you don't get shut down, then that's fine. We all have to decide what our own risk tolerance is. No one ever thinks it's coming until it does.

On the good side, when the mass shutdowns happen, we won't have to deal with the thinly veiled troll/brag posts like this thread. As if anyone cares how this guy qualifies for globalist. On the other hand we are going to have to deal with the whining and complaining and empty threats of lawsuits.

Nice rude way of avoiding the question. Apparently your trolling can�t be bothered with facts and evidence and datapoints.

Uncalled for.

Based on number of replies, people care a lot more about how OP qualifies for Globalist than about your unsubstantiated whining complaining empty threats of shutdowns for unknown reasons.

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.