0. Update column
- Citi card rewards get conditions have been limited to: within 24 months did not open or close this card.So now Citi card at least 24 months to churn once again.This rule applies to all Citi credit cards, including their own card, hotel and airline co-branded cards:
1. What is the repeated application (Churning)? why do repeated applications?
Churning means repeated applications to the same credit card, and gets a lot of card rewards and benefits.
Churn for the simple reason: some credit cards, particularly airlines, hotels and banks open cards of the co-branded cards often provide very high reward.For applicants, rather than for some other low cards reward credit cards rather than apply again for the same credit card, get a high reward.
2. How to Churn?
Before the churn, first point of concern is this card can churn, is of course key to repeat applications can get the card rewards and get the card rewards requirement.For this, different policies from different banks, in the article "Bank property" has been covered, once again features to analyze how to churn.
New policy is a personal card can only carry the same credit card rewards, so I can't churn.Business card does not have this restriction, so the cards can still churn, because business cards are not the main content of this blog, so interested churner flyertalk related pages on their Google or learn.Credit card of the same series, such as Everyday, and EveryDay Preferred, do not affect each other card rewards.
There is no policy against Churn.As long as you get the card, you can get the card rewards.So there you have just churn.
Now the system will automatically detect whether you have the card, if you still hold, cannot apply for and, of course, is no rewards.However, before you churn off the card, will be able to apply to, opening incentives could also repeat to.
Current policy is as long as two years without taking the card rewards could re-apply again to open card rewards.The card does not apply again and have already.So the method is: the card rewards get a card, note the time of reward, in annual fee off the card (or application level), wait until the reward after two years, applied for the same card again.
Current policy is not turned on or off for 24 months, a credit card, apply again for the same card can get the card rewards.So after the opening 24-month and repeated without passing any checkpoints to apply for this card, get card rewards.Of course, under this policy, if you level up, the 18-month recalculation.Unclear whether product change can affect the calculation of the 24 months.If there is knowledge of welcome messages later in this article.
Policies affecting all Citi credit card, including your thankyou point hotel and aviation groups
3. Which card is worth churn?
This question looks very complicated, it's really quite simple, of course, is able to churn out high rewards card.For example, Chase CSP, UA and some aviation card Citi AA,premier,prestige;Barclays's arrival; BOA in Alaska and so on.In short, should the churn is up to you to pay (HP, new account, risk) and the return (short card receipts) measured.So, bloggers in the commonly used credit cards are specially marked in the introduced the short-term value of card, for your reference.
4. Churn cards cost?
By churn, we get one more card rewards, costs and compared to ordinary applications, increase the HP and the new account is the same.Additional risks are as follows:
- Impact and relationship banking: If a bank you're applying for a credit card to get more card rewards, then perhaps later you'll be marked for special customers (dark room), you are likely to for some time were unable to apply for the credit card of the Bank.
- Could not get the card rewards: Although Bank policy writing is very clear, but did not rule out some natural disaster (system failure) and man-made (own wrong time), this time to open card rewards more difficult.
- For air account may be closed: recent Alaska Airlines due to multiple card rewards into closed, of course the real cause is not clear, need attention.
Churn is one way to obtain the Gao Kaika award again, but it is not suitable for novice, rather than take risks than Shen a good card on the market, maybe by that time, new cards and rewards is coming out.If you are sure you want to do a churner, please read this article and the "Bank property" and pay more attention to the latest news on the blog all in ensuring that safe.
Series of articles
- Talking about the credit card application-apply-no SSN
- Talking about the credit card application – repeat applications (churning)
- Talking about the credit card application – card rewards
- Talking about the credit card application–Reconsideration
- Talking about the credit card application – Bank properties (AMEX, BOA, BARCLAYS, CITI … … ）
- Talking about the credit card application–App-O-Rama (AOR)