Starting Out with Credit Card Offers

I offered a friend help with managing credit card offers. Here’s my letter to her:

Now that you’ve made your spend with your Chase Sapphire card, don’t you think your husband should get a card?

When the new card arrives, stick your old Sapphire card in a drawer and make sure you’ve set an alarm to cancel your first card about the 10 months after it first arrived, you don’t want to accidentally get charged $95 for the yearly renewal! (I have a suspicion that if I cancel my cards too quickly, the credit card company won’t want to issue me another one)

When cancelling, tell them, “I’m cancelling because I don’t want the temptation of spending money I don’t have”. They shouldn’t pester you at all about maybe keeping the card.

I’m pretty sure that you earned about 60,000 Chase Ultimate Rewards points. I’d recommend that you not try too hard to get the extra bonuses, just turn it into cash money. For example, your points are worth 10% more if you spend them on internet or cell phone charges. I say, “yeah, whatever, just give me my $600 free money!”

You won’t be able to get another Chase Sapphire card and earn a bonus for 4 years, it’s in the contract. They also stipulate something like “you can’t get a card if you’ve opened more than 5 other cards in the last 2 years.” They do that to prevent people from doing what you are doing :-)

So set an alarm for late 2026. You -might- be able to get another Sapphire card, or you might just be relegated to getting other cards. Don’t worry, there are lots out there!

Have fun with the free money :-)


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