I’ve been holding off on applying for new credit cards for the last 6 months because I knew we were going to be looking for a new truck. Last year we bought a truck and a camper (now I need a bigger truck to tow the camper) and although I got financed, I was told by the car dealer that their first choice of bank turned us down due to “too many inquiries” on our credit report. My current credit score averaged from 3 different sources is 781.
As the new year rolls around, we have still not purchased a truck. I’ve been itching to open some more credit cards and get some more miles and points so I decided that I’d bite the bullet. BUT, I decided to go for business cards. Since we own a business, I can use the FEIN# to open the accounts. It will still show as an inquiry on my credit report but I was willing to take that risk as we are no where near finding a vehicle yet.
So how did it go?
First there was a good offer on the Chase Ink card. I’ve had it in the past, but it’s been 4 years since I received it and 2 years since I closed it. The current offer is 60000 ultimate rewards points after meeting the minimum spend. Annual fee waived the first year.
STATUS: approved via email 6 days after application.
Next I went for the Citi American Airlines AAdvantage Business Platinum Select card as it was offering a 50000 mile bonus. Yes please… I love AA miles! I like that they have reduced mileage awards and off peak season awards. Citi and I have had issues in the past because for some reason, my address always shows up as not being an address in their computer system. I usually have to fax them verification info and plead with them that my address really IS my address. Annual fee waived the first year.
STATUS: INSTANT approval to my very big happy surprise!!!
Lastly, since the minimum spends on the previous two cards are about all I can handle in a 3 month period, I needed a new card with a low minimum spend. The hot commodity in the miles and points world currently is the very churnable (you can hold, and reapply for multiple cards) Bank of America Alaska Airways card. It is very versatile as it transfers to lots of airline partners, including Delta. Delta is the only airline that flies out of my tiny, one room, home airport IMT. The card does have an annual fee that is NOT waived the first year. The bonus is a measly 25000 miles after making one purchase of any amount. I got the business card version. I’ll let the business pay the annual fee. This is my trial to see just how useful these miles will be in my portfolio.
STATUS: Instant Approval.
January’s apporama: 100% approval! Happy dance in progress!