Best Way to Churn Credit Cards

Powls on 20/10/2018 - 12:48
Last edited 20/10/2018 - 13:42 by 1 other user

I currently have the ANZ Frequent Flyer Black card and I am looking around to churn and get a new one for the Qantas points.

Is there a general pattern of cards people go through to do this? I will probably prepay a bunch of bills to meet the spend minimum.

I was thinking of the NAB signature card. Then next year back to the ANZ Black?

Comments

reno on 20/10/2018 - 13:07

if u don't really care about your credit history, then you pretty much can just do a card every 3 months, and when the year comes up, u repeat
- Powls on 20/10/2018 - 13:23
  
  I don’t this it really has a big impact.
  
  Just trying to find the best card for bonus points.
Remorhaz on 20/10/2018 - 13:47

+4
ANZ FF Black
St George Amplify Signature
Westpac Altitude + Amex bundle
NAB (Qantas) Rewards Signature
HSBC Platinum (Qantas)
Qantas Premier Platinum/Everyday Mastercard (Citi)
Bendigo Bank Qantas Platinum Mastercard
Any of a number of Amex options (Explorer, Plat Edge, etc)

depending on your income/debts/etc you may have options within these for differing levels of cards - increased FF bonus & credit limit (e.g. Platinum vs Black Visa)

for many you also need to pay an annual fee to get the card (which can be as much as $400 or more) - sometimes there are promotions for some with a discounted annual fee

for most/all there is also a "cooling" off period between when you cancel before you can reapply at the same institution and get bonus (typically at least 12 months but for amex is 18 months)