I have a confession to make: I’ve only applied for one new credit card in the past 9 months. Last year, I got 11 new credit cards for nearly 500k miles and points and 4 free nights at hotels. This year, I’ve only gotten the Citi Executive AAdvantage card once for 100k miles.
I’m not sure exactly why I haven’t been more active in applying for credit cards, as they’re one of the easiest ways to accumulate lots of points. Part of it is due to not having particular uses in mind for the points. A lot of my previous credit card churns were very targeted to specific trips that I was planning (e.g. getting a Chase Hyatt card to use at the Park Hyatt Tokyo, getting the Hawaiian Airlines cards to transfer to Hilton for the Conrad Koh Samui when that was still a good deal), but I currently have relatively healthy miles balances on Alaska, US Airways, and American, so I don’t really need more airline miles (although I guess I’m no longer diversified with the US/AA merger), and I don’t care that much about nice hotels.
Miles and points are only useful if you use them (I guess there is some benefit to having a stash for emergency trips), so I don’t really see that much of a point in accumulating miles from credit cards just for the sake of it. And while credit card sign-up bonuses are a really great deal, they’re not completely free: even if there’s no annual fee for the first year, you’re paying with a credit score check, and meeting minimum spending requirements takes a non-trivial amount of cognitive overhead for me since I don’t really spend that much money naturally. There’s also the fact that banks seem to be increasingly clamping down on the actual churning part (i.e. getting the sign-up bonus for the same credit card multiple times), which makes me think that I should save future apps for when I really have a need for them. (On the flip side, a lot of cards are much more churnable than people think, and part of this misconception is due to the credit card salesmen aka points/miles bloggers perpetuating false information on behalf of the banks).
Just goes to show that I must be a pretty bad miles/point blogger.