Learning about churning

Discussion in 'Introductions' started by imightbedave, Jul 6, 2017.

Welcome to Australia's leading independent Frequent Flyer and Travel Resource!
Our site contains tons of information that will improve your travel experience.
Joining AFF is fast, simple & ABSOLUTELY FREE -  join now by clicking on the JOIN NOW button, and take immediate advantage of these great BENEFITS.
Once registered, this box will disappear. And you will see fewer advertisements :)
  1. imightbedave

    imightbedave Newbie

    Mar 27, 2017
    4
    2
    Hi All,

    Long time lurker, first time poster.

    I recently applied and was approved for the ANZ FF Black. Same day approval and card arrived within about 3 business days.

    The $2,500 will be a piece of cake as I'm building a new house and have bulk spending to do!

    Have a short trip to Tasmania planned for later this year which will tick off the status credits. Once I have those and my 75,000 points I will likely close and look for my next card.
     

  2. Steady

    Steady Senior Member

    Feb 3, 2013
    6,834
    5,238
    NW Tasmania
    Flight Map:
    View my flight map
    Welcome aboard imightbedave - if you are in a position financially to do so, CC churning is a quick way to generate points
    #notfinancialadvice
     
    • Like Like x 2
  3. imightbedave

    imightbedave Newbie

    Mar 27, 2017
    4
    2
    Yep - it's a no brainer right now, as I have the savings available for my purchases anyway. So I'll be able to pay the card off as soon as I'm ready to close it.

    I figure as I enter the world of mortgagees it's my best hope (Bonus points) of being able to afford a holiday in the coming years, too!
     
    • Like Like x 2
  4. yld200

    yld200 Active Member

    Feb 3, 2015
    605
    444
    Melbourne
    Welcome!

    The Amex Explorer is a good card right now - 100K MR points after $1500 spend. Annual fee is $395 but this is offset by a $400 travel credit :)
     
    • Like Like x 1
  5. Steady

    Steady Senior Member

    Feb 3, 2013
    6,834
    5,238
    NW Tasmania
    Flight Map:
    View my flight map
    Are you collecting all types of points or focusing on QF (Qantas) VA (Virgin) other?

    As yld200 mentioned the Amex cards with MR (membership rewards) points are also a good option. If you do decide to get one it is worth using a referral link from AFF as you get more and the member who's link you used also gets some.
     
  6. blacksultan

    blacksultan Member

    May 1, 2017
    407
    20
    Don`t close the card before applying for your next anz card. Sometimes if you can`t qualify for fresh /additional credit they can transfer the limit of an existing card which you then close.
    Once you close it - you lose it !
     
  7. blueythecat

    blueythecat Active Member

    Sep 7, 2011
    873
    165
    Never on holidays enough!
    I highly recommend the churning strategy. The important bit is to keep it within manageable limits for your credit rating and keep really good record of when you closed accounts. The later is important if you reapply for the same card at some later time and the issuer has a timeout periods

    Welcome to AFF and have fun chasing points!!!
     
  8. JohnK

    JohnK Veteran Member

    Mar 22, 2005
    40,860
    8,930
    BNE, SYD and CNX
    Welcome to AFF imightbedave!
     
  9. imightbedave

    imightbedave Newbie

    Mar 27, 2017
    4
    2
    Is this available if you're an existing customer? I have a green corporate Amex for work and I've heard they can preclude you from some offers?
     
  10. imightbedave

    imightbedave Newbie

    Mar 27, 2017
    4
    2
    And thanks all for the welcome messages!
     
  11. Dr Ralph

    Dr Ralph Senior Member

    Jan 21, 2014
    8,474
    3,156
    Wollongong
    Flight Map:
    View my flight map
    Welcome to AFF.

    You should definitely close the ANZ card as soon as you get the points. You need to be ruthless in the churning game.
     
    • Like Like x 1
  12. burmans

    burmans Senior Member

    Feb 21, 2006
    6,315
    1,775
    Sydney
    Flight Map:
    View my flight map
    I would verify this with Amex, my understanding was the opposite!
     
  13. blacksultan

    blacksultan Member

    May 1, 2017
    407
    20
    It might not be your `Own` card and might be a corporate account thus allowing you to receive sign on bonuses.
     
  14. leoburla

    leoburla Newbie

    Jul 20, 2017
    6
    0
    Hi there,

    I'm definitely a newbie in this field. So here's my question: is the churning strategy the best approach to quickly accruing reward points? Is there another effective strategy for someone who doesn't fly too often?

    I currently have an ANZ Black (Amex and Visa) but I think it's time to move on and get more points.

    Cheers.
     
  15. JohnK

    JohnK Veteran Member

    Mar 22, 2005
    40,860
    8,930
    BNE, SYD and CNX
    And also a welcome to AFF leoburla!

    Churning would be the quickest way to accruing points unless you can manufacture spend.
     
  16. Dr Ralph

    Dr Ralph Senior Member

    Jan 21, 2014
    8,474
    3,156
    Wollongong
    Flight Map:
    View my flight map
    Churning has nothing to do with flying. Churning will get you the most points the quickest if you pick the right offers and unless you spend 100,000 or more a month on your card.

    You should also be award that you do not need to spend any accrued points on flights.
     
  17. leoburla

    leoburla Newbie

    Jul 20, 2017
    6
    0
    Hi JohnK and Dr Ralph,

    Thanks for the clarification. Considering that I spend no more than 5k per month on my credit card, churning is the only way moving forward.

    Will have a look at the current offers.
     
  18. TomVexille

    TomVexille Enthusiast

    Nov 12, 2013
    10,287
    4,781
    Melbourne
    Welcome aboard!
     
  19. BettyB

    BettyB Established Member

    Aug 22, 2015
    1,345
    198
    Brisbane
  20. Skyhawk

    Skyhawk Member

    Sep 28, 2016
    119
    16
    Canberra area
    I started off last year with good intentions of churning. I successfully applied for various cards, mostly that didn't have an annual fee for the first year - ANZ, Nab, StG, Amex Explorer. I've now reached a point where there don't seem to be any cards without the annual fees, and thus I've come to a bit of a standstill. unless someone can suggest some cards.
    Is there good value in paying for the annual fees? I'm not sure how much dollars spent on sign ups equate to.
    I've now got points in QF, Virgin, Amex and Altitude.
     
Loading...

Share This Page