Waiting for the Best Bonuses Pays Off – 3 Inquiries, 5 Cards, 295K Points

This post may contain affiliate links; please read our advertiser disclosure for more information.
Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

app round 295k
Photo by Simon Cunningham.

A Breakdown of Our Recent Apps & Overall Strategy

Over the past few weeks I have covered a number of very good credit card deals. Of course as many of you know, I don’t just cover the great deals, but I also participate. In previous posts I covered how my wife and then I both were able to get two American Express cards in the same day. That is great because American Express generally combines credit inquiries from the same day.

Today I thought it would be a good time to look back at our entire haul and look back at the strategy that got us there. In total, my wife and I applied for 5 cards and were approved for all 5. This is a far cry from a Grand Slam app-o-rama, but that is alright for us. We are now focusing on great offers and try not to pick up cards which are not part of our greater plan.

5 Cards – 295,000 Points/Miles after $19,500 Spend

app round 295K

Here are the cards we picked up along with the bonuses and our method of approval:

  • Amex SPG Personal 30K – I was instantly approved for this card and will receive the bonus after $3K in spend.
  • Amex SPG Business 30K – My wife was instantly approved and will receive the bonus after $5K in spend.
  • Amex Business Gold 75K – My wife was instantly approved and will receive the bonus after $5K in spend.
  • Amex Platinum 100K – I was approved automatically the morning after I applied. I will receive the bonus after $3K in spend.
  • Citi ThankYou Premier 60K – My wife’s application went to pending. This has happened with all of our Citi applications over the past two years. She waited about five days and no approval came so she called in. She was told they could approve her for only $2K, however she was able to move over credit from another card for a higher credit limit. (It is a good idea to have a higher limit for future retention offers.) She will receive the bonus after $3.5K spend.

Highest Offers Possible

What do all of those offers have in common? They are at or close to being the highest bonuses ever on those cards. For cards like the ThankYou Premier, Amex Platinum and SPG Personal, it is important to maximize your bonus. With the personal Amex cards you can only get the bonus once and it takes 18 months at the least to get a bonus on the Citi card again.

In the past couple of weeks I have spoken to a number of people who missed out on one or more of these offers because they had too many recent applications. While some of these people had great strategies, others were just applying for whatever they could. In other words, make sure that an application for a throwaway card doesn’t keep you from getting a truly great bonus.

100K Amex Platinum Bonus Missed

app round 295K

My current strategy has evolved based on a painful experience. A couple of years ago there was a widely available Amex Platinum 100K offer through CardMatch. Unfortunately I had recently done a huge application round and didn’t feel I could get approved. It was a terrible experience, however I learned two things. The first lesson is simple. Dont over apply. The second lesson is more feel good. If you miss a great offer, it will probably eventually come back around. (Evidenced by this 100K Platinum offer!)

The Value

All three of these points currencies are relatively valuable. As a ballpark, I would say these bonuses have the potential to be worth close to $5,000. Even at $.01 per point (which significantly undervalues these currencies), the bonuses would be worth $2,950. That is a pretty amazing haul from 5 cards and only 3 inquiries. Also, four of those cards are Amex, so with AUs, we picked up many new Amex Offer opportunities, Amex Checkout credits and will have fun on Small Business Saturday.


I know I have been sort of advocating the slow approach lately and perhaps that isn’t everyone’s favorite. Every person has different goals and credit history, so there is no one right answer. The truth is using caution and a slow & steady approach does pay off. In this case it was $3-$5K worth of bonuses from only 3 credit inquiries. It doesn’t get better than that!

Shawn Coomerhttps://www.milestomemories.com
Since 2007 Shawn Coomer has been circling the globe with his family for pennies on the dollar. He uses that first-hand knowledge and experience to teach others how to achieve their travel dreams for the least amount of money possible.

More Like This


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. I’m surprised in the face of all the evidence anyone still thinks there’s benefit in app-o-ramas. I’ve been in the game short of 18 months, and my application strategy has been pretty much the same cherrypicking you’re talking about. I wound up with 247,000 miles/points and 140 point climb in my FICO in the first 12 months. Outside of actual travel spending, it’s been 95% manufactured. Tortoise and hare, and anyway, my personal travel aspirations don’t include burning miles at anything like 250,000 a year. No reason not to lay low for the next year and a half or so, waiting for big BA bonuses, that 150,000 mile Platinum Amex. My biggest regret was choosing the CSP even after the nice man from Chase urged me so strongly when I was just starting out last year to get the Ink Plus. Chase was still happy to give them out back then and I was too ignorant to grasp the long-range benefit of 5X at office supply stores. I got the CSP instead.

  2. I know the amex limit pp is 4 cards, but is that 4 personal + 4 business for a total of 8? How does the limit work? Thanks!

    • As of right now, I have 4 personal cards and 3 business cards, so that limit must be on the personal side only. Can’t imagine them restricting business cards.

    • The limit applies to credit cards only. As far as I know, you can have a maximum of 4 credit cards (business and personal combined) and an unlimited amount of charge cards.

  3. Shawn, do you think I can get the 100k bonus (or any bonus at all) if I’ve already had the Platinum card but never got the bonus when I originally signed up? I canceled my card earlier this year (had it since 1997), and I know that when I first got the card back in the day, I had no idea there even WAS a signup bonus available. What’s Amex’s policy on that?

  4. Shawn !
    I read your post DAILY ! Your site is the BEST!

    One quick question :
    It is a good idea to have a higher limit for future retention offers ===> With lower credit limit, do you feel the retention bonus are no good ?

    • No, but with Citi sometimes the retention offers are generous and it is better to have a higher limit to take advantage. I don’t believe the retention offers are based on the credit limit.


Please enter your comment!
Please enter your name here


  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!