Questions and Answers

Due to work travel, I used to accumulate 400-500k MP on UA per year and (probably stupidly) never took advantage of sign-up bonuses via credit card churning. With work travel down to zero now, I’m looking to take advantage of some decent sign-up bonuses to pad my mileage accounts. What are anyone’s thoughts on as to whether or not companies like Chase/AMEX/etc will increase sign-up bonuses in hopes of encouraging spending/travel once we are safely past Covid?

Regarding opening the cards themselves: I haven’t opened in any new card in probably 5 years, so the 5/24 rule won’t be a problem. Zero current credit card debt and will have no problem spending/paying off minimum spend of $16,500 for the 4 cards I am leaning towards right now…Chase Sapphire Preferred, AMEX Platinum, United Club Infinite, and AA Citi Advantage Mastercard. If you have any thoughts on my CC selections as well, I’m all ears.

Thanks,
Chris

Chris, to your original question for attractive sign up bonuses from the banks… I think there is a very good possibility. Unfortunately, who knows when Chase/Amex and others will consider things safely past. But, just like the airlines, the banks will have to do some extra work to get business back, which should mean higher sign-up bonuses.

Are you eligible for small business cards? Based on your ability to cover the minimum spend, you may want to look at the Ink Business Preferred. The spend is high, but the bonus is the highest.

[URL]https://onemileatatime.com/chase-ink-business-preferred-card-review/[/URL]

Thank you for the response.
to be honest I’ve never looked at a business card. My wife does have an LLC in the energy industry, however it was just started a few months ago and hasn’t shown much income, so I’m assuming probably wouldn’t qualify for any credit cards

I signed up for that same card (Ink Biz Preferred) last month with just shy of $5k in free-lance income to show from 2019, and was approved.

Obviously only one data point, but worth a shot?

[URL]https://onemileatatime.com/applying-for-chase-ink-business-cards-what-you-need-to-know/[/URL]

I’ve gotten a couple of business cards and put $0 income and was approved. So long as you’re honest it’s usually not an issue. And later, if your business is doing well you can ask to be considered for a credit limit increase if needed.

[QUOTE=”Chris C, post: 69387, member: 6541″]Thank you for the response.
to be honest I’ve never looked at a business card. My wife does have an LLC in the energy industry, however it was just started a few months ago and hasn’t shown much income, so I’m assuming probably wouldn’t qualify for any credit cards[/QUOTE]

I applied for and obtained two business cards for my LLC with no LLC income based on my personal credit. It should not be a problem. But spend on the biz card should then be LLC spend. Not that everyone follows that… how does Chase know if your purchase at Target is office supplies or groceries?