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Million Mile Secrets reader Michael emails:
I have a friend I’m trying to bring into the miles game. He has good credit (740), but only has … wait for it …. just ONE credit card, which he’s had for years. Only a $2,500 limit. 100% pay on time.
Is he ready to apply for the big bonuses? Or should he get a few more cards and a little more cumulative credit limit by starting with cards like the Chase Freedom, and other beginner cards?
Basically, is a 700+ score and only a single card enough to swing for the fences and apply for 4 or 5 cards with 50,000+ bonuses right out of the gate?
This is a great question! What should you do if you want to start applying for miles and points cards, but only have ONE long-established credit card currently (with a good credit score)?