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I’ve been trying really hard to get myself under “5/24” so that I can apply for new cards from Chase. The new rewards cards I’ve been getting recently have been small business cards like the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® that don’t report on personal credit, and therefore don’t increase the number of new cards I’m shown to have in the last 24 months.
By being under 5/24 I can:
- Prioritize Chase cards until I’m back over 5/24
- Continue to get small business cards
In fact, small business cards from Chase don’t increase your 5/24 number. You need to be under 5/24 to get them. So I think my first move should be Chase business cards.
- I’ve already gotten the Ink Business Preferred℠ Credit Card which has the single best initial bonus offer out there. It lets you earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening and earns 3 points per dollar on the first $150,000 spent on travel and shipping, Internet, cable and phone services and advertising purchases with social media sites and search engines.
However I haven’t yet had the no annual fee Ink Business Unlimited℠ Credit Card which has an initial bonus offer of 50,000 points after $3000 spend on purchases within 3 months of account opening, and points transfer to Ink Business Preferred℠ Credit Card or Chase Sapphire Preferred® Card and on to airline miles.
- My big want is the Southwest Rapid Rewards® Performance Business Credit Card which is brand new and has an offer to earn 80,000 points after you spend $5,000 on purchases in the first 3 months your account is open. I’m thinking about rolling the dice that it’s still available in early October, since if I push earning the bonus out to the third month I should be able to get it to post in January, meaning I’ll be most of the way to earning a Southwest Airlines Companion Pass at the beginning of 2020 and should be able to have one for most of 2020 and all of 2021. [Offer expired]
My thinking then is I want the IHG® Rewards Club Premier Credit Card because they’re the major hotel chain I don’t have any status with, the card comes with Platinum status and an annual free night worth more than the annual fee — plus it means a free reward night on any redemption of 4 or more nights (better than the ‘5th night free’ from other chains). [
And right now it’s got the best-ever offer to earn 125,000 bonus points after spending $3,000 on purchases within the first three months of account opening and increased earning for the first year. [Offer expired]
- Ongoing spend will earn 40 points total per $1 spent when you stay at an IHG hotel for the first 12 months – after that, 25X. Earn 4X points on all other purchases for the first 12 months from account opening – after that, 2X points at gas stations, grocery stores, and restaurants, and 1 point per $1 on all other purchases.
My concern is I don’t think the IHG® Rewards Club Premier Credit Card stays around with this offer long enough to be able to prioritize other cards.
What cards are you prioritizing?