It’s been a little while since my last credit card application, a month or two i’d say, so high time to give it a try on another one! Here’s a screenshot of what I was eyeing up earlier today;
Please forgive the amount of notifications on my phones screenshot, I’m bad for ignoring them! You can read about this card further on the forum thread on RedFlagDeals right here. With the fee waived for the first year and 50,000 td points this is a decent deal for me. The 50,000 points will be worth about $250 in travel credit on the Expedia for TD, I’m not super interested in any of the other “perks”, like insurance as I already carry other cards that have the needed medical and travel insurances for when I trawl the globe. 🙂 This card has an income requirement of $60,000 or household $100,000, with my extra job this year I was able to jump through that hoop so I applied!
It’s always a little bit of a surprise doing these applications, and a happy party when it’s succesful! Can’t wait to snag these points and use them! 😀 I’ve only been declined one card in the past four years (the Chase Marriott Visa that no longer exists, sadly, it was great value and very churnable) Do I worry about these cards affecting my credit? Nope, because they don’t really
Why do I do this? To afford travel, travel will never be totally free as there are always costs involved but travel hacking has allowed me to see and do things I wouldn’t be able to afford otherwise.
Does it hurt my credit? MMMnope!
I keep tabs on my creditscore using creditkarma.ca; my score updates every Monday, I request my free Equifax report once a year and am generally watchful of whats happening on my credit.
I also have a fraud warning on my profile to verify identification prior to extending credit as I previously had a compromised creditcard.
Does it hurt my ability for future big things like buying a house? Not really!
As I am not currently in the market for any car or home related loans I have no problem continuing this game. With any new application my score may drop a few points, usually nothing big and sometimes there is no change at all. This application had zero effect on my score. Were this to change and were I to need to start shopping for a mortgage I would take the appropriate actions, shut a few things down and slow down my applications but for now… happy travel hacking!
Have you ever tried travel hacking?