As someone who has been in the credit card game for a while, I can tell you that one of the most important things to keep in mind when applying for credit cards is the Chase 5/24 rule. Essentially, if you have opened more than five new credit card accounts within the past 24 months, you may be ineligible for certain Chase credit cards. This means that it's crucial to prioritize Chase cards early on in your credit card journey before you hit that limit.
But once you've exhausted your options with Chase, it's time to turn your attention to other vendors such as American Express, Capital One, and Citi. While Chase has strict limits on how many cards you can open in a certain timeframe, American Express has a different approach. They offer some of the most valuable rewards and intro bonuses in the industry, but they only allow you to earn the intro bonus once per card per lifetime.
This means that you need to be strategic when applying for Amex cards. You should wait until they have the highest offering and make sure you meet the minimum spending requirement to receive the bonus. Once you have earned the intro bonus for a particular card, you will not be eligible for it again, even if you downgrade or upgrade to the same card later on. So, it's essential to make sure that you apply for an Amex card at the right time and make the most of the intro bonus when you have the opportunity.
Here are some examples of high point offers you might be looking for:
Personal Cards Amex Plat: 150,000 Points Amex Gold: 90,000 Points Amex Delta Blue: 15,000 Miles Amex Delta Gold: 70,000 Miles Amex Delta Plat: 90,000 Miles
Amex Delta Reserve: 100,000 Miles
Amex Hilton Honors: 100,00 Points
Amex Hilton Surpass: 130,000 Points Amex Hilton Aspire: 150,000 Points Amex Marriot Bonvoy: 100,000 Points Business Cards
Amex Plat: 150,000 Points
Amex Gold: 90,000 Points
Amex Delta Gold: 75,000 Miles
Amex Delta Plat: 90,000 Miles
Amex Delta Reserve: 100,000 Miles
Amex Hilton Honors: 130,000 Points Amex Marriot Bonvoy: 100,000 Points
If you're looking to maximize your rewards and intro bonuses from credit cards, it's essential to be strategic in your approach. Prioritizing Chase cards before you hit the 5/24 limit is crucial, and then turning your attention to other issuers can pay off big time. Just remember that you need to be careful not to overspend and only apply for cards that fit your needs and budget. By following these guidelines, you can make the most of your credit card journey and earn valuable rewards along the way.
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