Appreciate everyone’s circumstances will be different, but will be interesting to hear how you points gurus out there work the churn and burn strategy for Velocity points, especially if you have a cyclical process that’s relatively consistent.
So my wife has a Velocity Platinum Amex and a Bank of Melbourne Amplify Signature (from our mortgage package). She doesn’t work full time anymore so I don’t think she can apply the churn and burn going forward. As a result I’m thinking of keeping her on these cards for the next couple of years until she goes back to regular work.
That leaves me to run the churn and burn gauntlet. I’m also on a Velocity Platinum Amex but also have an ANZ Travel Adventures Rewards card. Both had nice promo sign up bonuses at the time (100k and 80k respectively.) I’ve earned those bonuses within the first month or so and booked both free domestic flights that come with both cards for travel later in the year.
So what do I do now? Should I churn both straight away, start the clock on reapplying for these 2 cards in the next 12-18 months and look at sign-up bonuses on other cards to cover me in the interim?