Chase Ups Their War on Churning: How To Fake 0/24

Well, we done did it! Chase finally shut the door on us churners buy applying 5/24 rules on their remaining cards. The for sure datapoints for 5/24 expansion are for Hyatt Cards, IHG and British Airways. Previously we could get these cards despite having more than 5 new cards in a rolling 24 month period. For example this report shows someone that is at 10/24:

In the past we could apply for these cards regardless of how many cards we have had in the past. Chase’s high end cards such as the Chase Sapphire Reserve and United club card have a limitation where if you have 5 cards anywhere in 24 month period they would simply deny you, but I know for certain that this rule will expand now for every Chase card. Keep in mind that you will be denied for a new Chase card if your credit karma report shows ANY more than 5 cards in a 24 month period from ANY bank!

The rumor that 5 cards in a 48 months window has been squashed! Now for those that want to get in on the chase action, I suggest you fly under the radar for 24 months by applying for any of these AmEx Business cards (in this order) since they are not reported to the credit agency. Hit only these cards over 24 months to get under 5/24, then apply for chase cards:

  1. AmEx Platinum Business
  2. AmEx Gold Business
  3. AmEx Green Business

The name of the game here is to upgrade the Biz green and gold (right away, no 1 year wait needed) for a total of 3 Biz Platinums in order to capture Delta, United, and American Airlines for the 35% points back. These cards also don’t count against your 5 AmEx credit card max.

  1. Delta Reserve BIz
  2. Delta Platinum Biz
  3. Delta Gold Biz

Here you would then upgrade the Gold and Platinum to two more reserve cards for a total of 3 annual first class companion passes for delta. Extra bonus if you live in Hawai’i since you can use them to fly from Hawai’i to the mainland.

  1. Hilton Honors Business
  2. Blue Business Plus
  3. SPG Business 

These above cards are kind of a dead end since they can’t be upgraded to anything with an annual benefit. The SPG Biz does come with one free night (up to 35k points), but I rather have the SPG Lux card. You can just hit these last three cards and replace them with the consumer version after you get all the chase cards you want.

  1. AmEx Plum Card
  2. SimplyCash Card
  3. Lowes Business Rewards

These last 3 cards I have no other experience with, but are some interesting Business card options.


New Data Point: $200 AA For Single Gift Card Credit on AmEx Plat (Biz & Personal)

Good news! My O-6 select friend in Hawai’i and myself were successfully credited for a single $200 AA Gift Card using his AmEx Personal Platinum (Upgraded from PRG) and my own Biz Business Platinum (just recently upgraded from Gold Business). Initially my friend goofed and bought a $200 not knowing that $100 was the supposed max gift card denomination for AA. Multiple flyer talk data points found here said a single $200 gift card would not work, however our evidence speaks otherwise. On 09 October 2018 he charged $200 for a single gift card and was reimbursed three days later:

I upgraded my Business Gold Card after hitting my $5k spend for 50k points. It took me over 12 tries in the online chat to get a CSR to upgrade me. I then immediately chose American Airlines via chat and charged $200 for a gift card:

I charged a $200 AA gift card on 06 November 2018 and got the credit two days after on 08 November. These two data points seem to be pretty solid. I need more input from all those readers out there, and so please post in the comments on your personal experience in buying $200 gift cards with AA. If the $200 credit is true then we should also test if a single gift card of $250 works on the Hilton Aspire. This would be a game changer, since we are limited to 8 AA gift cards per ticket, now we can book up to $1,650 a reservation. If true, then I would now choose the following airlines for my credits in 2019 long term plan (links go to referral):

  1. AmEx Platinum (Vanilla) $200 AA
  2. AmEx Platinum (Mercedes-Benz) $200 AA
  3. AmEx Platinum (Charles Schwab) $200 AA
  4. AmEx Platinum (Morgan Stanley) $200 AA
  5. AmEx Platinum (Previous Premier Rewards Gold) $200 AA
  6. AmEx Platinum (Previous Green) $200 AA
  7. AmEx Platinum (Ameriprise) $200 AA
  8. AmEx Platinum (Previous Ameriprise Gold (Upgrade March 2019)) $200 AA
  9. AmEx Platinum Biz (Previous Biz Gold) $200 AA
  10. AmEx Platinum Biz (Previous Biz Green) $200 Delta
  11. AmEx Platinum Biz (Vanilla) $200 United
  12. Hilton Honors Aspire $250 Southwest
  13. Hilton Honors Aspire (Was Hilton Honors (December 2019 Upgrade)) $250 AA
  14. Wife’s AmEx Platinum (Vanilla) $200 AA
  15. Wife’s AmEx Platinum (Mercedes-Benz) $200 AA
  16. Wife’s AmEx Platinum (Charles Schwab) $200 AA
  17. Wife’s AmEx Platinum (Morgan Stanley) $200 AA
  18. Wife’s AmEx Platinum (Previous Premier Rewards Gold) $200 United
  19. Wife’s AmEx Platinum Biz (Previous Biz Gold) $200 AA
  20. Wife’s AmEx Platinum Biz (Previous Biz Green (instant Upgrade 2019)) $200 Delta
  21. Wife’s AmEx Platinum Biz (Vanilla) $200 United
  22. Wife’s Hilton Honors Aspire (Apply After 5/24 drops and Chase cards) $250 AA
  23. Wife’s Hilton Honors Aspire (Was Ascend) $250 AA (after 1st Aspire Bonus)

When we tally the score up it is incredible:

AA Delta United Southwest Total
Platnium 13
Biz Plat 2 2 2
Aspire 3 1
Totals $3,600 $400 $400 $250 $4,650

This is just counting airline gift cards! I think $4,650 is plenty of flights for a year. For those that think this is too much work, let’s divide this amount by federal minimum wage of $7.25 per hour. You will realize this bonus is worth at least 642 hours of minimum wage!


210k Delta Sky Miles, 30K MQM for $11k Spend: Ends 07 Nov 2018

Right now the three best offers of 70,000 Delta Sky Miles and 10k MQM for the AmEx Personal & Business Delta Platinum ($3k spend in 3 months) as well as the Delta Business Reserve card ($5k spend in 3 months) end in about two days. The first card is the Delta Reserve for Business:

And the Personal Platinum Delta:

And finally the Business Delta Card:

With $11k spend over the holiday season you would get enough sky miles for 16.8 bottles of Dom Pérignon Champagne Brut 2009 in the Delta Sky Club at 12,500 miles a pop:

or better yet almost two round trip tickets on a non-stop from JFK to LAX on your own bed in Delta One:

but if you want to spread it out you can get 19 flights from ORD to JFK:

Your 30,000 MQM would bring you instant Gold status for next year. You could also apply for the Personal Delta Reserve to get another 10k MQM and 40,000 Sky Miles, but to spend $14,000 in 3 months would be a bit much. If you have a spouse they can hit their own Delta Reserve and gift the 20k MQM to you. If you hit all 4 cards and tak your gift points you would have enough MQM for gold without even flying!

Keep in mind each card gets the annual fee waived for AD and some spouses, and each one comes with a companion pass every year starting with completing the first year of having the card. The reserve companion pass can be used from Hawaii for first class or Main Cabin. The Platinum companion pass works only for Main Cabin, but you can upgrade the card to another Delta reserve after one year (presumably no wait for the business version (no datapoint yet))

If you want to take advantage please use the links below:

  1. Business Delta Platinum (70k Sky Miles, 10K MQM, $3k Spend)
  2. Personal Delta Platinum (70k Sky Miles, 10K MQM, $3k Spend)
  3. Personal Delta Reserve (40k Sky Miles, 10K MQM, $3k Spend)
  4. Business Delta Reserve (70k Sky Miles, 10K MQM, $5k Spend)


Even with 5 Cards, $25k Loan Approved, but 0.00% APR Will Be a Challenge

This is an update to the 0.00% SCRA waved loan from AmEx I wrote about here. Reader Marcus writes:

So I’ve gone through this process and took the $25K loan through a login that already had several cards with SCRA benefits. Unfortunately, AMEX did not automatically apply benefits to the loan and I am projected to pay roughly 7% APR. Calling into the personal loans customer service will get you referred to the SCRA customer service number which simply reads off your benefits but then doesn’t provide any support. No one knows how to apply SCRA benefits to your loan through any of the numbers I called and I was constantly transferred back and forth to the same departments. I finally decided to simply resubmit the online SCRA benefits inquiry and then under “other accounts to be considered for SCRA benifits” I wrote down my personal loan number. Then at the end of the inquiry I added an explanation that I was resubmitting only to have SCRA applied to my loan. That was 9 days ago and I am currently waiting for my request to be processed.

The process is NOT a slam dunk as Marcus eludes to. Today, I logged into the application status check site and saw this:

Clicking on the link showed me welcome news:

So they gave me three days to decide if this is a worthwhile venture, check out the interest rates if it all falls apart:

We are looking at about $2,372.07 without a waiver (which is about 4.3 AmEx Platinum annual fees). I am surprised that even with 5 credit card slots taken, we got the loan offer! I went ahead and accepted the loan and got this message:

You’ve successfully obtained an American Express® Personal Loan!

A link to access your loan documents, including your signed Loan Agreement, has been emailed to you for later reference. Your American Express® Personal Loan will be available to view in your American Express online account within the next 72 hours.

What happens now?

We will send your loan funds to the credit card accounts you designated in your loan application. It may take some time for your credit card banks to post the loan funds to your credit card accounts. In some cases, it is possible that your credit card banks may reject loan funds from us. If any loan funds do not post to your cards within two weeks, please contact your credit card bank. Please remember to continue making all required payments on your credit cards.

Now time to apply for the SCRA waiver. From the article at Military Money Manual says:

Military Hotline for SCRA Personal Loans at 1-800-253-1720 or 1-336-393-1111.

Ask for your loan to be reviewed for SCRA military benefits. Be polite and courteous! They may take a few days to review your account and then send you an email.

I called the first number and they pretty much transferred me to the personal loan department which suggested I just ask customer service to do a blanket review of all my account for the SCRA. I reached out to someone who got the 0.00% SCRA letter such as reddit user u/FreshBalkiB who suggested I just call the number on the back of my Platinum card. I turned to the online submission for SCRA benefits and got a slew of options:

Servicemembers Civil Relief Act (SCRA) eligibility:

  • Any member of the U.S. Armed Forces on active duty (Army, Navy, Air Force, Marine Corps and Coast Guard) or a reserve component called to active duty (Reserve, National Guard, and Air National Guard).
  • National Guard personnel under a call or order to active duty for more than 30 consecutive days (for purposes of responding to a national emergency declared by the President and supported by federal funds).
  • Public Health Service and National Oceanic and Atmospheric Administration Commissioned Officers.
  • U.S. citizens serving with the forces of a nation with which U.S. is allied in the prosecution of a war or military action.
  • Spouses of active duty Servicemembers listed above where credit is extended to a Servicemember and spouse jointly.

Requesting Servicemembers Civil Relief Act (SCRA) benefits:

Submitting your request online is the fastest way to request SCRA benefits. You may also submit any relevant documents through the Document Center: this includes paperwork establishing active duty, such as documentation prepared exclusively by a branch of the military, the Department of Defense or your commanding officer which indicates that you are on active duty (e.g., active duty orders, change of station orders, DD-214 forms, letters from commanding officers, etc.).

Please note that SCRA benefits can only be requested online if the Card account you’ve selected is enrolled in American Express Online Services. If it is not, you may enroll your Card now.

Call the number on the back of your Card or 1-800-253-1720 to submit a request. If you are outside the United States, you can call us collect at 1-336-393-1111.

Fax documents establishing your active duty to 623-444-3000. Please make sure to include the applicable American Express Account numbers.

Send a copy of documents establishing your active duty to: American Express, Attn: Servicemembers Civil Relief Act, PO Box 981535, El Paso, TX 79998-1535. Please make sure to include the applicable American Express Account numbers.

SCRA benefit review process:

We will determine eligibility and confirm active duty by reviewing any military documents provided and by checking the Department of Defense Manpower Data Center (DMDC) website. If we are unable to confirm active duty, we will send you a written request to obtain a copy of acceptable military documents. You will receive a response within 60 days regarding the status of your request.

SCRA benefit removal process:

If you would like to have SCRA benefits removed from your account, you may contact us via the same methods above.

I tried to submit another request online, but it was not loading for me tonight. I decided to fax in a written request with the proof of AD obtained here. I wrote a letter with the new loan account number asking for SCRA benefits to be applied. More to post as it happens, so stay tuned!


The $400 WeBull Challenge Is On!

We got 10 participants for the WeBull Challenge!

Each participant will post their portfolio’s at the end of the day today. I have some preliminary screen shots from three participants right now. They will report in at the close of market on the first of each month.





Julia’s College Fund & Magoo:
Current Standings:
  1. Jouster $1,010,427.01
  2. Heimtime $1,007,259.08
  3. Julia’s College Fund, Magoo (Tie) $1,000,000
  4. MJV305 $996,327.42
  5. Derpreporter $989,313.34
  6. SheepDoggyDogg $???

I am still waiting on three others to report in their first day trades. I just ask everyone participating to be a good sport and not reset their paper money accounts if they are in the crapper like me! Plus we can all tell and do some back testing on your monthly holdings!

Plus I hope the top 3 have balances far beyond $1,000,000!

Keep posted! Thank you for all that are participating!


$25k AmEx Personal Loan at 0.00% APR?

Dane, an O-3 reader in Japan, alerted me to Spencer’s article over at his blog Military Money Manual which claims that the SCRA benefits will reduce interest rates to 0.00% APR for an AmEx unsecured Personal Loan. Data points also reported here on reddit show this SCRA reduction method is possible. The APR waiver seemed to be a extension of goodwill for military members rather than a legal obligation. If the APR would go up to anything at all, I would just immediately pay the loan back (at no penalty), and I suggest you do the same if the APR does change.

Seeing that I really had nothing to lose, I went ahead and applied at the site here, I had no pre-qualified offers:

but my wife (who is active duty) got this:

Wow, $25k for much less than $760 a month seemed pretty good, the application was already preloaded with my bank information as well as my address. It did have a question for what the loan was for, and had this caveat:

So the loan is not for bitcoin, investing into stocks, education, or cars. I chose vacation and then had this last page:

I submitted the application and it went to pending. I was able to check my status here and it showed this familiar page:

Dan chimed in and mentioned that the loan may count as a credit card account and against the 5 max rule:

There is a Reddit thread on it here. This post in particular states how it counts for one of the slots. Might have to call in and close one of her 5 cards:

  1. SPG Luxury Card (Keep for $300 Credit and Free Night)
  2. Hilton Honors Ascend (To Be Upgraded To Aspire for $250 Air, $250 Resort, and Free Night)
  3. Delta Personal Platinum Card (Keep for Companion Pass)
  4. Delta Business Reserve Card (Just Opened)
  5. American Express Everyday Preferred Card (most likely to be closed)

Update: Approved despite having 5 cards, SCRA is not for certain


Marriott Gift Cards are Charged As Room Rate (In Person Only)

I had just a few days left to redeem this offer:

I happened to be in Waikiki, so I walked in with my O-6 select buddy stationed in Hawai’i and bought a physical gift card at the Waikiki Beach Marriott Resort:

When the charged posted, it was coded as category: Travel – Lodging, and showed an entire month’s stay:

This triggered the AmEx offer of $60 back on $300 spend:

It also took the last bit off from my remaining $300 annual hotel credit for SPG Lux:

I am not alone on this datapoint, reader Scott says:

Hey Derp, wanted to add another datapoint. I was able to buy a $300 gift card from a Marriott front desk in the Bay Area and it got reimbursed just a few days later. I was able to do it again with my upgraded card, this time buying a $360 gift card and getting reimbursed for the $300 credit and the $60 of $300 spent Amex offer. After my card renewal later this month, I’m going to do it a third time for a grand total of $960 in Marriott gift cards in around 2 months of having the cards.

Reader RWHR writes:

It worked on $300 gift card at hotel front desk. It triggered the $300 credit plus it triggered the $60/$300 promotion I had added to the account as a sweet bonus! I bought gift card on Monday. $60 credit showed up on Thursday and $300 credit on Saturday (Hotel was the JW Marriott)

Now I tried to buy a card at the Courtyard By Marriott in Waikiki, but was sent to the real Marriott down the road, Scott also had the same experience in SFO:

I did it at a local hotel’s front desk, and got physical gift cards.  Not all Marriots do it though.. I had to call a few before I found one that did.  I’d say the bigger one’s in the cities are your best bet- I had no luck at any of the other Residence Inns or Towneplaces etc that were closer to my home.

The gift card can be applied at the end of any stay towards room rate as well as any incidentals. I have not tried buying online, but will keep this trick in mind in case I don’t spend the $300 on my SPG lux card before it resets! Please use this link if you are at all interested in the SPG Lux.



Last Chance To Sign Up For Derp WeBull Report Challenge

If you are interested in participating in the Derp Report WeBull Challenge, this is the last call for sign up! Prizes will be:

  1. First Prize: One (1) digital $250 Southwest Airlines gift card (Thanks to AmEx Hilton Aspire)
  2. Second Prize: One (1) digital $100 American Airlines gift card (Thanks to AmEx Platinum)
  3. Third Prize: One (1) Physical $50 Saks Fifth Avenue gift card (Thanks to AmEx Platinum)

I have 18 eligible people so far, but I am not sure if they are up for the challenge. I just have your email address and phone numbers and will be reaching out in the next few days. Please comment below if you are signed up and ready to go!


AmEx Rose Gold $10 Dining Credit

I didn’t think much of the AmEx $10 dining credit until I was out late at night and had a craving for cheesecake. Luckily I had my Rose Gold AmEx card and we were around The Royal Hawaiian Shopping center where the Cheesecake Factory is.

They had closed at 22:00, but the O-6 select was very convincing to have them accommodate us for a to go order. Each slice came to about $8.90 a piece with tax. I decided to get two slices, but in the future probably only get one slice and tip $1.10:

The cake was yummy, and about 3 days later the charge posted and I was compensated $10 without even asking:

So the $10 dining credit is real, and works without any problems. I plan on using this with Seamless or Grubhub in the future. I also earned 71 points. Please use my link here if you are interested in the new AmEx Rose Gold Card!



The Perks of Multiple Business Platinums

There has been multiple reports of inconsistent upgrade practices regarding a product change from AmEx Business Green, and Business Gold to a second AmEx Business Platinum. I was able to upgrade mine via online chat just a mere 2 weeks of applying for the card. I spent $6.56 at Walgreens and paid the balance when it posted on October 2nd.

Three days later my 5k MR point bonus hit:

I then used the online chat and Upgraded from my business green to platinum after trying three times.

There are three reasons we are seeking multiple Business Platinums. One is for the sweet $200 in airline fee reimbursements we get every January 1 to use on Delta, AA, and Southwest gift cards. If we can do this upgrade before the year is up we can get a gift card now and again in January. Another is the fact that all the AmEx business products don’t show on your credit reports as they use their own internal systems for approval. This means there won’t be any cards against you if you are seeking 5/24.

The best reason for multiple biz plats is for the 35% points back when booking flights with points on amex travel. You only get 35% on the airline you select, so with multiple Airlines selected you can get effectively 1.5 cents per point for multiple airlines. Whenever I book an airline ticket (of the airline I selected) with MR points I get this email:

For example I selected American Airlines for my new Biz Green Turned Platinum and booked 2 tickets to Springfield, MO to go and visit Branson for 80,128 MR points. In 6-10 weeks I should get 28,044 MR points back (35%) effectively costing only 52,084 MR for a $801.28 fare for two. This makes it out to being 1.5 cents per point which is par with Chase Sapphire Reserve level of redemption.

I am planning to select United, American, Delta, and Southwest to both diversify my points redemption possibility and also to have gift cards (with exception of United) in each airline. I am also happy to show an interesting datapoint my O-6 select friend in Hawaii was able to get a $200 gift card reimbursed for American airlines (previously possible with $100 cards):

Now MR points for Southwest is tricky, you just have to charge the Southwest tickets to the card and then call customer service after the purchase to apply points to the charge. Million Mile Secrets suggests these steps:

Fortunately, there is a workaround that is faster and more convenient.  And I’ve recently had success using it!

Several AMEX travel agents have told me to go ahead and make a flight booking directly at using my AMEX Business Platinum card.

Then, after the charge posts, call AMEX Travel at 800-297-2977 and request to pay with AMEX Membership Rewards points.

It is all here in the terms:

If you select Spirit Airlines, Southwest Airlines, or AirTran Airways, to receive your 35% Airline Bonus you must call Business Platinum Travel Service at 1-800-553-9497. A flight booked as part of a travel package or booked with the American Express U.S. Representative Travel Network is not eligible for the 35% Airline Bonus. In addition, to be eligible to receive extra points, Card account(s) must not be cancelled or past due at the time of extra points fulfillment. If booking is canceled, the extra points will be deducted from your Membership Rewards account. Extra points will be credited to your Membership Rewards account approximately 6-10 weeks after eligible airfare purchases appear on your billing statement. See for Membership Rewards program terms and conditions. This 35% Airline Bonus is the maximum Membership Rewards points you can get back for Pay with Points on flights booked with American Express Travel. Bonus ID: A6ZB.

Diversification over multiple Biz Platinums will make redemption of points more worthwhile. There are several airlines to choose from:

Here is my current situation and how I am planning to diversify my gift card portfolio:

  1. My Biz Gold turned Platinum: American Airlines
  2. My Biz Platinum: Southwest Airlines
  3. My Biz Green turned Platinum: Delta
  4. Wife’s Biz Platinum: American Airlines
  5. Wife’s Biz Gold turned Platinum: United Airlines

I hit American Airlines twice to take advance of both points pools. I didn’t want to be stuck with United twice because their travel bank is still broken. If you want to apply for any of the AmEx Business Products, please use my links below: