February 25, 2014

Emily's Latest Round of Credit Card Applications

Last weekend, Emily applied for her quarterly round of credit card applications.  If you haven't already, check out these posts for my last round as well as background on the whole process.  Here is the overview and results.

1)  Starwood Preferred Guest American Express Card

One of the best all around cards out there.  The current bonus is 10,000 SPG points after first purchase and an additional 15,000 SPG points after spending $5,000 in 6 months.  I will also receive 5,000 SPG points from the SPG Amex referral offer I posted about last week.  The $65 annual fee is waived for the first year.  30,000 total SPG points is good enough for 2-3 nights in a high-end Westin or W hotel in the US.  Or you could use 28,000 points for 5 nights (fifth night free) at the Le Meridien Bangkok!  I value SPG points at around 3 cents each so the value of this approval is $900.

Result:  Pended and then approved after waiting two days

2)  Citi Executive American Airlines World MasterCard

After getting in on this offer last month, I wanted to make sure Emily got to take advantage before the offer expires in March.  The $450 fee is not waived for the first year but the offer comes with a $200 statement credit and 100,000 AA miles after spending $10,000 in 90 days.  The annual fee and minimum spend are steep but it's well worth it in my book especially given the statement credit takes almost half the "sting" out of the annual fee.  100,000 AA miles is good enough for a free roundtrip business class ticket to Europe!  I value AA miles at 2 cents so the value of this approval is $2,000!

Result:  Pended.  Emily had to call, answer a few questions and was approved over the phone in about five minutes.

3)  Bank of America Alaska Airlines Visa Signature Card

I got in on this offer as well last month.  Emily was able to pick-up 30,000 miles with no spend requirement for a $75 annual fee.  For some reason, the offer is not showing up so the link above drives to an offer that provides 25,000 miles and a $100 statement credit after $1,000 in spend in 3 months.  Both pretty good deals.  We'll use these Alaska miles for a future first class flight on Emirates.  I value Alaska miles at 2 cents so the value of this approval is $600.

Result:  Auto approved.

Not a bad haul (three for three!) for about 30 minutes of work on Saturday.  Total "value" of approximately $3,500.  We'll need to spend $15,000 in 6 months but $6,000 out of that will be taken care of by Amazon Payments.  So $1,500 per month for 6 months is easily done.  And the end result will be well worth it.  Including minimum spend, we'll earn 175,000 miles and points for $325.

A very successful quarterly round of apps!

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