My wife did her five card round of applications on the 17th. Going in her scores were 750 on CreditSesame and the FICO style scale and on Truecredit with the VantageScore scale her numbers were: 949 and 4 inquiries with Transunion, a perfect 990 with 14 inquiries on Experian and 925 with 8 inquiries on Equifax.
Katy currently has 17 open credit cards.
Her scores tend to be slightly higher than mine although she did have a 30 day late in August 2006. She usually applies for just a few less cards than I do and she has cosigned on a student loan for her son so it diversifies her file more than mine. I only have credit card debt.
Our picks for her were:
- Chase United Explorer for 55K – Delayed decision, then approved!
- Chase INK Plus for 50K - Delayed decision, then approved!
- US Airways for 40K - Instant approval
- American Express Gold Business Card for 50K - Instant approval
- Bank of Hawaii Hawaiian Airlines card for 35K miles to be transferred to 70K Hilton - Delayed decision
Now lets look at the economic value of this bunch of applications. I’ll assign the value I give for each point earned based on the price where I will use points or miles instead of paying cash for a hotel or flight.
United Explorer 55K x 1.7 cents each = $935
Ink Plus (Ultimate Rewards) 50K x 1.9 cents = $950 (UR are versitile)
US Airways 40K x 1.6 cents = $640
American Express Membership Rewards 50K x 1.6 = $800
Hawaiian card to Hilton x2 =70K Hilton x .5 cents each= $350
The total value of these applications= $3670 of NON taxable income … Not bad
Deal of the Day
For today’s Deal of the Day American Airlines AAdvantage® has provided 2500 AAdvantage® miles for the best deals, fares, promotions, anything related to American Airlines, their oneworld partners or AAdvantage® partners. Add it to the comments section of this post or this afternoon’s Deal of the Day post (with your first name, last initial, and home airport) to be eligible to win.
IHG® Rewards Club Select Credit Card
- Annual Fee: $49 fee waived for the first year
- Foreign Fees: No
- Card Type: Hotel
The IHG Rewards Club Visa is often cited as one of the most underrated hotel credit cards, with good reason. The official offer is for 70,000 points after $1,000 spent within three months, with the first year’s fee waived. The card comes with an annual free night certificate that can be used at any IHG property, including Intercontinental hotels - making this certificate worth upwards of 50,000 points. This is far more generous than some other hotel cards, which limit the categories in which free night certificates can be redeemed.
Cardholders earn 5 points per dollar at IHG hotels; 2 points per dollar at gas stations, grocery stores, and restaurants; 1 point per dollar everywhere else. Moreover, you’ll get a 10% rebate on award redemptions, up to 100,000 points per year. The card also comes with Platinum status, though that doesn’t get you much with IHG. Still, this is a fantastic card to have in your wallet, with benefits that far outweigh the already low $49 annual fee.
- Earn 70,000 bonus points after you spend $1,000 in the first 3 months of account opening
- Enjoy a free night of card membership at over 4,700 hotels worldwide
- Earn 5 points for each $1 spent at our hotels
- Earn 2 points per $1 spent on purchases at gas stations, grocery stores and restaurants
- Bonus points redeemable at hotels such as Intercontinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts and Holiday Inn®
- Automatic platinum elite status, as long as you remain a cardmember
- $0 introductory annual fee the first year, then $49