Hi Keith & The Community,
I recently got introduced to travel hacking by Chris Guillebeau (look him up if you are not familiar, this guy is awesome) and have been doing a tone of research into credit cards.
In his 12 day email course Chris explains how he applied for 13 credit cards in a single day for the bonus point promos and earned 300,00 points without affecting his credit score. Sounds great, right? Well here’s the thing… Chris is a US citizen and I am not sure if the laws down under for credit ratings would be the same as all the research I have done suggests that if you apply for more than 4 or 5 cards a year it does affect your credit score because lenders view you as a greater liability because you seemingly need more credit.
I want to know if this is true?
Has anyone ever tried applying for multiple cards a day in Australia?
Did it work?
Was your credit score affected?
Thanks for your great site and community.