Quote:
Originally Posted by Z K
Good tips on ways to spend a lot quickly!
Very interesting ways to accumulate bonuses quickly.  |
yep. Looks like you're new to the credit card churn game.
basic rules:
1. Don't horde. Apply to cards when you have a plan to use the bonus points, perhaps a honeymoon, one-month trip to Asia, Euro Deliver etc. You can get screwed on planned points devaluations over time or pay fees annually to retain points after you cancel your initial credit card
- AMEX has lifetime rules now. You can only qualify for bonuses once your whole life. So if you apply for the Plat card 10 years later, you'll get the card and benefits, you just won't get the bonus points
2. Always have liquid cash on hand to pay off the huge spending thresholds. When you do the prepay concept that I wrote, you literally need that much in your bank account within the first month to pay it all off so you don't carry a balance and incur financing charges
3. research, research research! Research program rules. Use forums like flyertalk to get the basics and details of each benefit.