At the beginning of this month I finally fell under 5/24, which is one of Chase’s limits where they typically won’t approve you for a card if you’ve opened five or more new card accounts in the past 24 months.
So the first thing I did on October 1 is apply for the Ink Business Preferred℠ Credit Card, which I’m really excited to finally have. This is a card that will help me long term, and that offers an excellent welcome bonus, triple points in select categories, and an excellent cell phone protection plan.
Now that I have this card in my possession, what’s my plan from here?
My strategy from here
Early November: Apply for the Ink Business Unlimited
The next card I want to apply for is the Ink Business UnlimitedSM Credit Card. This is the only card subjected to 5/24 that I want, and when I have it, I’ll have six cards in the Ultimate Rewards ecosystem, which is pretty awesome.
This card offers a welcome bonus of 50,000 points after spending $3,000 within three months, and offers 1.5x points on all purchases, so will be one of my go-to cards for business spend (more details here).
Next up: two Amex Cards
After I get the Ink Business UnlimitedSM Credit Card, my plan is to go for two Amex Cards:
- I really want to get the Hilton Honors American Express Aspire Card, which has a $450 annual fee, and offers Honors Diamond status for as long as you have the card, an annual free weekend night reward, a $250 Hilton resort credit every cardmember year, and a $250 airline fee credit every calendar year
- I then want the American Express® Gold Card, which offers 4x points at U.S. restaurants, and 4x points at U.S. supermarkets (on up to $25,000 of spend per year), plus a $120 annual dining credit and $100 annual airline fee credit
The good news is that I should be able to apply for both of these cards the same day. That’s because the Hilton Card is a credit card while the Amex Gold Card is a charge card, and Amex will typically approve you for a credit card and charge card the same day.
I can’t wait to get easy Hilton Diamond status and also earn 4x points at U.S. restaurants.
After that: three more hotel cards
The above three cards are my top priorities, but then sometime between now and the end of the year (or so) I’d ideally like to get three more cards:
- The $95 annual fee World of Hyatt Credit Card, which offers lots of great benefits, including five elite nights towards status annually, a further two elite nights for every $5,000 spent, an anniversary free night certificate valid at up to a Category 4 property, and more
- The $89 annual fee IHG® Rewards Club Premier Credit Card, which is a great complement to the existing IHG Card I have; the card offers an anniversary free night certificate valid at a property retailing for up to 40,000 points, and offers a fourth night free on award redemptions, so I’d get a lot of value out of that
- The $450 annual fee Starwood Preferred Guest® American Express Luxury Card, which offers a $300 annual statement credit for spend at SPG and Marriott hotels, plus an annual free night at a property retailing for up to 50,000 points per night; realistically I’ll have to cancel my existing SPG Personal Card to get this, since I’m at my five credit card limit with Amex
I’ll have to play it by ear as to the timing of these applications. I don’t want to be too aggressive, so my plan is to space these out. I’ll probably apply for the SPG Luxury Card 30 days after my previous Amex application, and will probably apply for one of the Chase cards around the same time, and will wait a couple more months for the next one.
After a credit card hiatus for a while, I’m really excited to finally get some of the fantastic cards that have been on the market for a while. I’ll wait a couple more weeks before applying for the Ink Business UnlimitedSM Credit Card, and once that’s approved plan to pick up the Hilton Honors American Express Aspire Card and American Express® Gold Card. All three of these will be fantastic long term cards.
After that I’ll regroup a bit, though will have three more cards on my radar after that.