MileValue is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit to learn more.

Note: Some of the offers mentioned below may have changed or are no longer be available. You can view current offers here.

I have a friend who, after about five months off from applying for any new cards, decided to give it another go recently. He is writing a series for MileValue on his experience. Below is Part 1, where he decides on a new round of credit cards: the Ink Plus (this card is no longer available) and the British Airways Visa Signature® Card by Chase, as well as the Alaska Airlines Visa Signature and Business credit cards by Bank of America. Take it away, buddy:

I travel often, and for me to keep my expenses down and maintain the lifestyle that I want, I sign up for credit cards that earn me a lot of rewards that I can cash in for basically free flights. I imagine many of you are like me, to some degree.

I tend to apply for credit cards in batches, all on the same day. This is because I subscribe to the school of thought that if I apply all at once, the banks won’t see what each other are doing as all of the credit inquiries are being processed at the same time. Whether I apply all on the same day or spread out over time, I know the affect on my credit score will be more or less the same. I choose to apply in batches because I think it improves my chances of being approved for multiple cards in a short span of time.

My last round of applications were done in this manner, all on Christmas Eve of 2015. What greater present could I give myself than a bunch of free travel? I applied for five different cards, and my credit score (expectedly) took a dip. This ain’t my first rodeo, so I didn’t panic.

One of the perks I really appreciate about my Citi Prestige® Card is that I can check my real FICO score,  so I monitored it on

Screen Shot 2016-06-10 at 7.34.35 PM

… and also expectedly, after a few months, my score bounced right back up.

So I started researching what cards would best suit my travel needs, considering what cards I had gotten before and what cards I currently have compared with the latest and best offers. Scott’s articles about issuing banks rules for approvals and new bonuses and the Top 10 Travel Credit Cards both really helped with the research.

I decided to set my sights on:

  • the Ink Plus by Chase
  • the British Airways Visa Signature® Card
  • the Alaska Airlines Visa Signature card by Bank of America
  • the Alaska Airlines Visa® Business Card by Bank of America

How did I reach that conclusion?

Thoughts on The Current State of Chase Credit Cards

Unless you stumbled upon this blog post by accident, there’s a good chance you already know what the Chase 5/24 rule is. In a nutshell, the rule is that if you have opened any five credit cards, not just Chase cards, within the last 24 months, then your Chase application will be denied.

About a year ago, Chase started enforcing this dreaded rule to the purely Chase-branded personal cards. Then there were rumors that in March of this year, this 5/24 rule would also start applying to Chase’s Ink cards, and in April, to the remainder of the personal and business co-branded cards.

chase screenshot

I was really bummed about that news since I have certainly opened more than five cards in the last two years, and the Chase cards offer some of the best sign-up bonuses and perks out of any of the travel cards out there.

I looked on FlyerTalk to see if the rumors were true. The reports I read on this FlyerTalk thread about applying for Chase cards were mixed– many denials but still some approvals. What was clear was that the longer I waited, the less chance I would have of getting any Chase cards as more people (with five or more cards opened in the last two years) were seeing more denials as time passed. I saw my options as either:

A) Apply now and risk the denials to see if I can slip in before the 5/24 rule solidifies

B) Go two years without any new card applications, and then go after the Chase cards I want

Option B was not appealing in the least as I travel often and burn through miles pretty steadily. I decided the risk of a denial was worth the risk.

My spending power isn’t greater than the $7,000 in three months required to unlock the sign-up bonuses on the Ink Plus and British Airways Visa Signature® Card (assuming I am approved), so in my mind that left only two more options for this round of applications: the Alaska Airlines cards, personal and business versions.

Thoughts on the Current State of Alaska Airlines Credit Cards

Screen Shot 2016-06-13 at 8.12.22 PM

I already have two Alaska cards, one personal and one business card, but all evidence I read still points to the Alaska Airlines credit cards as being churnable. I decided to proceed with applying for two more (one each of the personal and business cards).

Preparing for My Applications

I learned from reading Scott’s primer about the Alaska cards that calling into Bank of America to lower the credit limits on my existing Alaska cards would smoothen the process of applying for two more. The logic behind that makes sense to me– it reduces Bank of America’s exposure to risk– so I called customer service (1.800.732.9194) to complete the process. The representatives didn’t ask many questions, just did as they were told.

As for the Chase cards, I had no preparations to make. After waiting a week to make sure the credit limit decreases on my existing Alaska cards were official, I was ready to start the application process.

Final Words by Scott

Stay tuned for more follow up posts to see how his applications turn out.

If you want to apply for the British Airways Visa Signature® Card,  Alaska Airlines Visa Signature, or the Ink Plus (all mentioned in this post) please consider doing so through the links below. I receive a commission, and your support keeps this blog going.

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.

With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel Portal and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!

Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are the author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

The comments section below is not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all questions are answered.