The Five Chase Cards You Should Apply For: Combo #2

5/24 is a buzzword in the miles and points sphere.

The Five Chase Cards You Should Apply For: Combo #1

If you're just starting to collect miles and points, possibly the single best piece of advice is to sign up for five Chase cards before moving on to any other bank's rewards cards. This post is going to talk about which five cards you should choose, depending on a few factors, and why.

The fact of the matter is that Chase will cut you off from eligibility for their travel rewards credit cards once you've opened five credit cards from any bank whatsoever in the last 24 months (not counting most business cards).

Three Credit Cards I’ll Never Cancel

There are a few reasons I would never cancel a credit card. I wouldn't cancel a card:

With no annual fee. There's not much point, and eventually these old accounts will improve the average age of my credit accounts which will help my credit score. Plus presumably the card offers at least one benefit that has some value to me.
With a renewal bonus more valuable than the annual fee. Several cards offer bonus points or free hotel nights every year you pay the annual fee.

Reader Inquiry: At 4/24, Which Chase Card To Get Next?

I recently received the following email from a reader:
Hi Sarah,
 
My husband is currently at 4/24 (as long as the Chase Ink Business doesn't count) so I would love for him to get another Chase card. Which Chase card would be best? 

Chase Freedom
Chase Hyatt
Chase IHG
Chase United
Chase ? (Is there a better Chase card to apply for?) 

Thanks for your help!
 

The reader's husband opened all of the following Chase cards in the last 24 months:

Sapphire Reserve
Sapphire Preferred
Southwest Plus
Southwest Premier 
Ink Plus Business

Yes--that is five cards listed.

5x Per Dollar at Restaurants from April to June with Chase Freedom, Refer Friends to Get 50,000 More Points

From April 1 to June 30, you can earn 5 Ultimate Rewards per dollar using your Chase Freedom at restaurants. You must activate your bonus categories here to earn the 5x.

On top of that, Chase is offering 5,000 Ultimate Rewards for each person that existing cardholders refer to the Chase Freedom card.

Chase Freedom 20,000 Point Bonus

The Chase Freedom is offering 20,000 bonus Ultimate Rewards after spending $500 in the first three months. This is double the normal sign up bonus.

It is also offering up to 50,000 bonus Ultimate Rewards for existing cardholders who refer their friends to the Freedom.

I have the Freedom. The sign up bonus is puny, but the card has no annual fee, and has 5x bonus categories that rotate every quarter.

Since I Met Minimum Spends I Carry Three Cards

See the current top credit card offers for free travel here.

Don't try to optimize your credit card strategy for every last mile.

Activate Your Freedom Category Bonuses to Earn 5x at Gas Stations, Movie Theaters, and Starbucks

Activate your Chase Freedom 5% cash back categories for 2014 to earn 5x Ultimate Rewards per dollar at gas stations, movie theaters, and Starbucks until March 31.

Each quarter, you can earn 5x Ultimate Rewards per dollar on your first $1,500 in the bonus categories as long you register your Freedom card.

Chase Freedom Fourth Quarter Category Bonuses

Register now for the Chase Freedom's fourth quarter category bonuses. From now through December 31, 2013, you'll earn 5x Ultimate Rewards per dollar on purchases at amazon.com and these department stores.

Every quarter, the Freedom has a new category or categories in which you can get 5x Ultimate Rewards up to $1,500 spent. Maximize the category throughout the year for 30,000 Ultimate Rewards.

The Ultimate Rewards earned on a Freedom are not transferable to airlines or hotels.