Frequent Flyer Bonuses for Opening Credit Cards | Personal Finance & Lifestyle | Yakezie Forums

Yes, I do have experience with this and it definitely does work.

If you only apply for a couple of cards and have a good enough income to qualify then your credit score should be fine in the long run. If you have an important loan you are going to need to qualify for in the near future, then this may not be the best idea.

I typically stick to North America with this strategy because one credit card is usually good enough for one flight and if you fly coast to coast then you do get good value out of the miles. Flying to Europe can be a lot more expensive and would probably take up to 3 credit cards for 1 ticket. You'll have to pay the annual fees and ticket taxes for each flight as well, which does add up.

My experience is mostly in the Canadian arena, where it is a lot hard to pull of this type of thing than in the USA. So many more credit cards in the USA with lower annual fees and more airlines.

I wrote one such article here:

http://www.howtosavemoney.ca/s…..ights-fast

If you have any specific question, just ask.

Awesome. Thanks for the input everybody. Nerwallet mentioned a couple of cards, but does anyone else know of other popular options? Preferably, I'd like ones that don't require spending X over X months to receive the bonus. But "Earn 20,000 points after your first purchase" is fine.

Should I set aside some time to apply for 2 or 3 at roughly the same time? That way my credit score won't take the temporary hit before I apply for another.