(*) Whenever possible, I will provide you with a link that does not require a subscription. Having said that, those curious enough to learn the fundamentals of grace periods and spending allocation to the appropriate card(s) would find performing an app-o-rama valuable. also states: “App-o-ramas are less effective than they used to be, and require more research because credit inquiries now show up on a credit bureau’s database in close to real-time.” Please note that I am not advising that everybody should try an app-o-rama.(**) In fact, little did we know that the next year, we will experience a huge housing crisis. That was good enough for 3 round-trip tickets to my native Peru. Process: I applied simultaneously for both credit cards, got approved, met the thresholds, and earned 100,000 miles. That you could apply simultaneously to the Visa credit card version on Safari, and to the American Express credit card version on Firefox or Google, and get approved for both credit cards. For example, earn 50,000 miles after meeting a spending target over three months.Īnd then I became a huge fan of Fat Wallet (sold to eBates in 2011 and put to sleep by Rakuten in 2017) as well as of Million Mile Secrets where I learned about the “ two browser trick”. Some other cards came with substantial acquisition bonuses. Then you could park those borrowed funds in high-yield savings accounts, paying 5% or more. For example, Citi American Airlines Advantage at some point had three versions: Visa, Mastercard, and American Express. A balance transfer involves moving the debt from one or more credit card accounts to a single credit card. By limiting the span of time between applications, an app-o-rama limits the odds that you’ll be turned down for a card due to multiple applications” īack then, many US credit card issuers such as Citi, Bank of America, and Chase offered 0% APRs with no balance transfer fees as well as multi-branded products. “An app-o-rama describes the practice of credit card points and miles junkies to apply for multiple credit cards in a very short period of time.
In particular, the term App-o-Rama struck a chord. Summer of 2007, in my early tours of duty post MBA crunching, forecasting, and data mining 5-year P&Ls at a New York banking powerhouse of credit cards, I read an article in the Wall Street Journal(*) about cashing in on 0% offers for credit cards.
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