Looking back on my updated credit report several days ago I noticed that I had applied for a good deal of credit cards in 2011. If memory serves me right, that was our big year for big sign-up bonuses. In the last days of February 2011 and the first few days of March 2011 I had twelve inquiries including three from Capital One for the first 100,000 points match card offer they had. I was denied for that 100K offer because I had a bunch of applications the last week in February and “too many recent inquiries” killed my chances for the 100K match. Katy took advantage of that offer. Ah, the good old days.
All those inquiries are about to fall off my report as they are approaching two years of age. Half of them (six) are on Experian, where I currently have 19 inquiries that are less than two years old. With the absence of a monster offer available, a huge pile of miles in my account, and nothing of interest or need, I’m going to postpone my next few applications until March 18th from my originally planned date of February 22nd. By waiting the extra three weeks, another 8 inquiries will fall off my report making my file look stronger than ever. The extra time will also put a little more time between my last few applications and my next few. I will actually have 6 full months since my last applications dated 9/18/2012.
Between Katy and me, we have over 2 million miles in our accounts, and there is no hurry to pile on more. Between now and mid-March I’ll:
- Look for a monster offer to change my mind.
- Research the Club Carlson card and all the current chatter online about its bennies.
- Try to confirm that I can hold both the Chase Sapphire Preferred Visa card and Mastercard at the same time and receive the signup bonus for each. (I’ve had the Visa version for about two years now.)
As an added point of interest, Katy’s recent Chase Sapphire Preferred Mastercard application was approved after a reconsideration call. During that call there was considerable questioning about her previous card applications earlier in 2012. There was more interest by the Chase reconsideration rep than I recall ever hearing before, particularly for inquiries more than 90 days old. Don’t be surprised if you encounter the same questioning.
As always, answer truthfully when asked. We did have approvals for mileage cards from US Airways which is the only airline that flies out of our local Hilton Head airport. We did get an approval for a Bank of America card (Alaska) as they partner with my primary carrier American and our Citi application was for a business card that would have added to our American balance as well. The reps are looking at your report while discussing the situation with you. Play it straight. Katy will be getting the Sapphire Preferred card. Ultimate Reward points are certainly very flexible. We like flexibility in our house.
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 by 11:59PM ET (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