When it comes to applying for new credit cards, you need to play by the rules. Each bank needs to balance its ability to extend new lines of credit against the expense of giving miles or points to every person applying for a new card (or cards). Therefore they all have their own set of rules in place to try and accomplish this goal. Whether these restrictions are successful or not, only the banks know for sure, but for the time being, as points and miles collectors, this is the environment we’re in, so we need to adapt or die.
When writing about cards issued by American Express and Chase, I thought to myself, “Which one of these rules do I hate the least?” Neither of their rules are perfect, but if you know what you’re doing, you can learn to live with both banks. I’ve come to the decision that while both banks are opaque with their restrictions, I’d rather deal with one bank more than the other.
Continue reading “Which Card’s Application Rules Are Worse, AMEX or Chase?”
