Monthly Archives: February 2016

Hyatt or Marriott – Did I choose one?

In my last blog post I wrote about Chase’s upcoming rules as it relates to their co-branded credit cards.  As I mentioned in this post, I already have 5 personal Chase credit cards and didn’t think that I would qualify for anymore.  In addition to that, I was debating whether I wanted to apply for the Hyatt credit card or the Marriott credit card from Chase .  This would only happen IF I closed one of their credit cards.

Coincidentally, Frequent Miler wrote a blog comparing and contrasting both the Hyatt and the Marriott credit cards.  What do they say about great minds thinking alike?  I glanced at his post but needed to make up my mind as to what would work for me.

I just received Diamond status from Hyatt when they matched the status that I have with IHG in December.  I do not often stay with Hyatt because it generally is more expensive than what I want to pay.  I’ve been happy staying at Holiday Inns or Radissons yet when I stayed at a Hyatt in Fort Lauderdale last month, it was really nice being upgraded to a nicer room with a nicer view and a very nice breakfast.  Blogger Hubby does feel a little out of his element in some of the higher end hotels.  He’s more comfortable in the moderate priced hotels and that is where we stay most of the time but it sure is a treat for me when we do stay at the higher end hotels

Marriott would meet his need for moderation.  I have no status there and probably would not qualify to get it.  For whatever reason I have never been a Marriott fan and I don’t know why.  With their buyout of Starwood, will that change?  Who knows.

I thought more about closing my Freedom and having my husband apply for one but he doesn’t have another Chase card to get the Ultimate Reward points.  We had closed out his CSP thinking he would reopen it 25 months after closing – you know what they say about the best laid plans – and then Chase changed the rules.

I read another blog about a woman who also had 5 Chase personal credit cards and she decided to try for the 6th.  After she was told that her application was “pending” she called up the reconsideration telephone number, moved some credit around and was able to get her 6th.

I thought that I would do the same.  I filled out the application for the 6th card and after I filled it out, I too was given the “pending” status.  I waited about fifteen minutes and then called the Chase reconsideration telephone number (888-245-0625).  They asked a few income questions, how much was my mortgage, gave me my existing credit line and asked if I would consider moving some of credit from one credit card to the new one.  I agree and before you knew it, I received my 6th personal Chase credit card.

Are you wondering which card I chose?  Here it is:

hyatt

Now where am I going to go to use my two free nights?

 

 

 

 

 

 

New Rules for Chase Credit Cards

I receive no compensation of any type from JP Chase – in fact, they probably don’t know anything about me.  The views below are mine entirely.

Chase is tightening up their rules for obtaining one of their credit cards.  This past summer/fall, they began implementing the 5/24 rule.  If you opened 5 credit cards from any bank within twenty four months, you would most likely be declined for any of Chase’s own credit cards.  This was exclusive to their own credit cards such as Chase Sapphire Preferred, Chase Freedom card and any of their cards that are not co-branded with another company such as Marriott.

 

If you are new to credit card churning, then I would suggest before you get to the 5 card you apply for the Chase Sapphire Preferred credit card, one of my favorites of all time.  I do not have an affiliate link as I do not have a business relationship with them but if you are thinking of getting their card, I would receive 5,000 Ultimate Reward points if I refer you.  If interested, just drop me an email and I’ll begin a dialogue with you.  If not, I still HIGHLY recommend this credit card because of its flexible Ultimate Reward points.

Now Chase is changing the rules AGAIN!  Their co-branded cards will follow the same 5/24 rule sometime in April.  If you are on the fence or thinking about applying for one of their co-branded cards, my advise is to do it within the next month to six weeks.  In fact, I would do it sooner than later. Some of their co-branded cards include British Airways, Hyatt, Marriott, IHG, Ritz Carlton,  Disney, Southwest Airlines and United Explorer.

I have been thinking about getting both the Hyatt card and the Marriott card but my problem is that you can only have five personal credit cards from Chase.  Which card to close is my dilemma.  I already have the United Mileage Plus Select card (a co-branded card) which is my oldest credit card dating back to the early 1990’s.  It is a card that is no longer available and for those of us that have it, it makes it worthwhile to keep it.  I certainly do not want to close that card out since I have had it as long as I do – always keep your oldest card!

hyatt logo

I also have the IHG card ( a co-branded card) which gives me Aspire elite status with IHG (Holiday Inn, Intercontinental, etc) and I do participate a few times a year with their promotions and there ALWAYS is a step that has you paying with your IHG credit card.  Also, this card gives me one free night a year and the annual fee is only $49.  I have only had the card about ten months now and do not mind paying the $49 for the one free night, which we will use in Brussels.

ihg

I currently have the Freedom (one of Chase’s cards, not co-branded) which I do love for the revolving quarterly bonus categories.  It has been particularly useful to me before the holidays as Amazon has been one of the bonus stores.  That might be the one that I will consider closing and perhaps my husband could get it instead.

Freedom

In December I applied for and one month later  approved for the United Explorer credit card which gives me free checked bags when I fly on United.  Since I tend to fly United the most, that will be particularly useful to me.  Since I have had that card only about a month, obviously I do not want to close it.

Finally, I have the Chase Sapphire Preferred.  Thinking that I might never be approved for it again, I’m keeping it.  I love the Ultimate Reward points and since am boosting my United points with my new Explorer card, I can use those UR points for other airlines, like Singapore Airlines.

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Chase Sapphire Preferred

So if I want the Marriott or Hyatt card, I’ll have to close one of my Chase cards and it will probably be the Freedom, much to my chagrin.

Have you thought about applying for any of the Chase co-branded cards before the 5/24 rule takes effect?  Are you having the problem that I am as to which card to close?