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Hey there, you’re reading an outdated post! The updated series from April 2015 can be found here.
This is the seventh post in a monthlong series. Each post will take about two minutes to read and may include an action item that takes the reader another two minutes to complete. I am writing this for an audience of people who know nothing about frequent flier miles, and my goal is that by the end, you know enough to fly for free anywhere you want to go.
Continue to Post 8
I have a few derogs that need to be taken care-of, before I can start to app and be successful with recons. Thanks for the write-up, as it will all come in handy when my CRs clear-up.
I’m just catching up on your newbie lessons & have a question about something a few steps back.
I haven’t applied for any cards or loans in years. In late December I got a Citibank card and then in late March got a Chase.
So are you saying that I should not apply for another card from anyone for 91 days from when I applied for the Chase card? I get confused about that as I’ve read elsewhere of people applying and getting cards more often .
Yes, I am saying don’t get a card from anyone for 91+ days from that late March Chase card. That is my procedure because it allows me to do 4 app-o-ramas per year, and it means no inquiries for 3+ months when the banks see my credit report when I do apply for cards. Others do it differently, and you’d probably be able to get a single card from most banks today. But for long term sustainability, I would wait and get onto a 91 day cycle during which you open more than one card at a time.
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