One More Chase ...
What next? If those four cards are the only cards you have applied for in the last 24 months, apply for a fifth Chase card. That will take you up to the “5” in 5/24. Here’s some that I would consider:
Southwest Visa. 50,000 mile sign-up bonus, plus you get a 6,000 point bonus every year, which makes the $95 annual fee pay for itself (as long as you use the points and don’t let them expire!)
British Airways Visa. 50,000 mile sign-up bonus. This is a nice big bonus, and BA miles are actually good for domestic travel in the US. I wouldn’t keep this card long-term, though - I wouldn’t spend enough for the annual fee to be worth it.
IHG Hotels Mastercard. This is a fun one because its annual fee is only $50 and you get a free hotel night every year at any IHG property. For me, that includes the swanky Intercontinental Stephen F. Austin downtown :) There’s also a sign-up bonus.
The Marriot or Hyatt Visa. They also offer annual free nights, but at a higher annual fee. I hear the other perks are better, though.
United Visa. 30,000 mile sign-up bonus, and you get two lounge passes per year. Don’t know if this is worth it for me to keep it …
Word on the street is that the 5/24 rule may not yet apply to co-branded cards (United, Southwest, Hyatt, etc.) so if you want more than one of these, try for more of them. But if you get denied, it may well be because of the 5/24 rule, not because you’re a bad person or the credit card police are after you.
Remember that the 5/24 rule is specific to Chase, so the fact that you will have applied for 5 cards already won’t screw up your approval to AMEX, Capital One, Barclaycard, etc. (unless you run up the credit and default - don’t do that).
So now you have your five Chase cards, a fuckload of bonus points, and the means to earn more than one point per dollar - often WAY more than one point - every time you buy something. What next? Stop there? What if you want to keep going?
Since I don’t know when to quit, I would suggest that you keep going. Get as many points as you can, so you don’t even think twice about booking a flight to that dream location. Soon I’ll have half a million miles, and that’s AFTER using them to book three overseas and three domestic flights since I started this process. Including those spent miles, I’ve banked about 750,000 miles from the Hobby. Conservatively calling it 1.5 cents per mile, that’s $11,250 in travel value.
THE MILES AND POINTS HOBBY
BEGINNER'S GUIDE TO BOOKING AIR TRAVEL LIKE A BANDIT