Are you considering the miles game?
If so, is it really a good idea for you specifically?
If not, what’s your hang up? Is there a rational reason for you not to proceed?
These are the questions I attempt to address with the below flowchart.
Consider going through this chart with a fine tooth comb just prior to jumping into the miles game…or ruling it out.
Please Click to enlarge
*The Cash Back Game is essentially the same as the miles game. A player in this game just focuses on cash equivalent points rather than miles. Some good cards to consider for this endeavor include:
1. Barclaycard World arrival Mastercard.
2. Amex Fidelity Investment Rewards
3. US Bank Simply Cash
4. Capital One Venture
5. Chase Freedom, INK, Sapphire (remember ultimate rewards points have a cash value of .01$.)
6. Discover it.
** Spoiler Alert: Despite churning cards your credit rating should be pretty stable (it may even go up over time) but expect a temporary hit to your score from the recent hard credit inquiries following a churn. And you must monitor your FAKO and FICO scores going forward. Credit Sesame and Credit Karma are great (and free) services. And you can get a yearly copy of your actual credit report at: https://www.annualcreditreport.com/index.action
***Here is a nice post from Frugal Travel Guy about managing your credit with ample links at the bottom of the page to credit building resources.
