As I mentioned in this post, I have been thinking off and on for a while about trying travel hacking. Now that Mrs. Dragon and I are officially done with the mortgage process, I feel like the time is finally right to try it out.
Actually, I made the decision to try this out before we closed on the house, so on our closing date I was ready to swoop in and attempt to scoop up some sign-up bonuses.
As I mentioned in the first travel hacking post, you generally want to apply for all the cards you’re going to get on the same day. This is because each credit card application affects your credit score, but your score isn’t updated instantaneously. So if you get all the applications submitted in a short time window, the credit card companies won’t know you’re applying for a lot of cards.
I figured the same rationale should hold for any new debt. That is, I didn’t want my new mortgage to affect whether or not I got approved for the credit cards. So the day we closed on our house, I also applied for 5 new credit cards.