This part of rankt was developed for the reddit community https://www.reddit.com/r/churning/
Referrals have moved to a new sub! Come post your referrals at /r/churningreferrals/
Acronym
Term
Definition
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1/8
One for Eight
Citi only allows one credit card application in 8 days.
2/30, 1/30, 0/30
Two for Thirty
Chase only allows two credit card applications within a 30 day span. This includes personal and business cards. The #/30 is the number of cards this person has applied for from Chase in the past 30 days.
2/65
Two for Sixty-Five
Citi only allows two credit card applications in sixty-five days.
2/90
Two for Ninety
Amex has a limitation of only allowing 2 credit card approvals within 90 days. This applies to both business and personal credit cards. Charge cards do *not* count against this limit. This is not a hard and fast rule, but it does apply to most applicants.
5/24, 4/24, 3/24, 2/24, 1/24, 0/24
Five for Twenty-Four
Chase only allows 5 credit card applications in the past 24 months. If you have more than this, you will be auto denied for more cards from them. This includes credit cards from other banks. The count does *not* include business cards. #/24 is the number of cards this person acquired in the past 2 years. More details courtesy of DoC
A+
Barclays Arrival Plus
AA
American Airlines
AAoA
Average Age of Accounts
The average age of all of your credit card accounts opened in the last 10 years. This is used as one factor in determining your credit score. The higher your AAoA, the better.
ACH
Automated Clearing House
A bank to bank transfer of funds.
AF
Annual Fee
The yearly fee associated with having a credit card.
AGC
AmEx Gift Card
A gift card offered by American Express.
AMEX
American Express
AOR
App-O-Rama
Applying for multiple credit cards on the same day. An old tradition that many people still use, it has its benefits and detriments.
AS
Alaska Airlines
AU
Authorized User
A secondary user of an account (typically a credit card).
AYOR
At Your Own Risk
Taking such advice has its drawbacks, the decision and repercussions are on you.
B6
Jetblue Airways
BB
Amex BlueBird Prepaid Debit Card
BBP
Blue Business Plus
BBR
Better Balance Rewards card
The Bank of America Better Balance Rewards card that earns $25 per quarter when you pay your non-zero balance off.
BGR
Business Gold Rewards
BOA
Bank of America
BRM
Business Relationship Manager
A Chase manager responsible for dealing with business clients at banks.
CB
Cash Back
A cash reward credited back to a customer after meeting some criteria (min spend, age of account, percentage cash back, etc...).
CB
Credit Bureau
The major ones are Experian, Equifax, and TransUnion
CBTYP
CitiBusiness Thank You Points
CFU, FU
Chase Freedom Unlimited
Chinese Method
A way to try to get targeted American Express offers by taking various paths to get to americanexpress.com. Details can be found here.
CIC
Chase Ink Cash
CIP
Chase Ink Preferred
CK
Credit Karma
A free credit score provider for TransUnion and Equifax.
CL
Credit Limit
The total amount that is allowed to be charged on a particular credit card.
CLI
Credit Limit Increase
Asking your credit card issuer for an increase in your total spending limits on a particular credit card.
CNB
City National Bank
CPC
Chase Private Client
A higher tier Chase customer who has an established history with Chase banking. They are occasionally targeted for personal/business offers that are not offered to the general public.
CP
Companion Pass
A Southwest airlines promotion offered to fly a designated passenger for free every time you fly after meeting certain requirements. Details at southwest.com
CPP
Cents Per Point
Refers to the monetary value out of reward redemptions. 1cpp is the general minimum offered by all points/miles partners, meaning $.01 per each point/mile earned.
CSP
Chase Sapphire Preferred
CSR, CS(R)
Chase Sapphire Reserve
CSR
Customer Service Representative
A representative of a bank/credit institution.
CTR
Currency Transaction Report
CX
Cathay Pacific
DD
Direct Deposit
The act of taking a payment directly from an employer directly into a checking/savings account by an ACH.
DL
Delta Airlines
DoC
Doctor of Credit
A reputable blogger in the churning space. www.doctorofcredit.com
DP
Data Point
People will usually post 'DP' when posting some information to the community that others may find useful/helpful.
EK
Emirates Airline
EMV Chip/Smartchip
Europe and Aus/NZ often use a smartchip instead of a magnetic strip swipe card to process payments. Often times, cashiers will not know how to process a payment using a swipe card, so EMV chips are useful when traveling to these countries. (See FAQ below)
EQ
Equifax
One of the three major credit bureaus.
ESB
Early Spend Bonus
EX
Experian
One of the three major credit bureaus.
EY
Etihad Airlines
F/J
First Class/Business Class
Flying in either first or business class.
FF
Frequent Flyer Miles
An airline currency redeemable for flights/goods directly through an airline partner.
FR
Financial Review
When a creditor puts an account under financial review, usually for abnormal spending behavior.
FTF, FOREX
Foreign Transaction Fee
Fees charged by credit cards when used outside of your own country. Typically fees range between 2-3%. There are many cards that offer 0% fees when used abroad. If you travel abroad, its advisable to have at least one card with 0% foreign transaction fees.
GE
Global Entry
A trusted traveler program, which also includes TSA Pre Check. Global Entry Website
HH
Hilton Honors
Hilton Honors Reward Program
HP
Hard Pull
Refers to a check that the bank will perform on your credit profile. This will result in a temporary hit to your credit score. Excessive amounts of hard pulls is detrimental to your churning profile as this appears to the bank that you are a "credit risk" seeking to incur a large debt without hope of repayment (See: Not Worth the Hit)
Hub Captive
Term designating that you're a flyer that's locked into to a certain airline. Most of your travel is through this airline's hub and thus they control the majority of your travel destinations.
HUCA
Hang Up and Call Again
Giving up on a phone call with a representative of a banking institution and calling back in. The hope being that you may have better luck with a different representative.
Incognito
Opening a new browser window in "private mode". This allows you to hit a website without any cookies, and thus possibly be targeted for better offers.
JL, JAL
Japan Airlines
KE
Korean Air
lol/24
LOL for Twenty-Four
A churner who has vastly exceeded the Chase 5/24 limit (oftentimes by ≥ 2x).
MG
MoneyGram
A US based company used to transfer money throughout the world. Similar to Western Union.
MIL
Monetary Instruments Log
MO
Money Order
A Bank or Post Office Certified document redeemable for a specified amount of cash. It is more trusted than a check as funds are provided at time of issuance, rather than time of withdrawal.
MPE
United MileagePlus Explorer
MR
Membership Rewards
MS
Manufactured Spending
Using your credit card to purchase items considered cash equivalents in order to meet spending requirements. This includes gift cards, money orders, and the loading of prepaid debit cards. MS'ing has many benefits and detriments. Usage of MS is AYOR.
MSR
Minimum Spend Requirement
The minimum amount that must be spent on a credit card in order to qualify for a sign up bonus.
NWTH
Not Worth The Hit
The reward given as the sign up bonus is not worth the credit inquiry and decreased average age of accounts that will temporarily hurt your credit score.
OP
Original Post/Poster
The person (who created) or post (that was created) for the initial thread/discussion on reddit.
OV
OneVanilla Card
A reloadable debit card. OneVanilla
PC
Product Conversion
Converting one credit card to a different one. Banks will generally allow you to upgrade/downgrade to similar cards in the same product category. It's often used by churners to signup for a card with an AF waived for the first year, earn the bonus, and PC down to a $0 AF. Doing this doesn't affect your AAoA.
PO
Post Office
PPBDMC
PayPal Business Debit MasterCard
PPMC
PayPal MyCash
PP
Priority Pass
A global lounge pass. www.prioritypass.com
Premium Card
Refers to any high annual fee card requiring a high credit score. Usually reserved for clients with a high income that will spend a lot on travel or dining.
PRG
Premier Rewards Gold
RAT
Rewards Abuse Team
An American Express team that monitors their reward systems for abuse.
RC
Ritz-Carlton
RECON
Reconsideration
The telephone line for a credit card company to call to get your application reconsidered. This is usually as a result of an online application being put on hold.
Redbird
Commonly used name for the Amex Target Prepaid RedCard.
RT
Round Trip
A flight to and from a particular destination booked during the same checkout process.
SAR
Suspicious Activity Report
SM
Secure Message
Messaging your bank using its secure messaging system. Typically used when referring to Chase's messaging system.
Soft Pull/Soft Inquiry
A credit check that does not show up on your credit score. Usually performed by banks for checking accounts or by free credit score estimate services like Quizzle, CreditKarma or CreditSesame.
SPG
Starwood Preferred Guest
SW
Southwest
T&C
Terms & Conditions
A legal contract you abide yourself to while signing up for a particular service.
TATL
TransAtlantic
Travelling oversees.
TPG
The Points Guy
TU
TransUnion
One of the three major credit bureaus.
TYP
Citi's Thank You Points Program
UA
United Airlines
UR
Ultimate Rewards
USPS
United States Postal Service
VGC
Visa Gift Cards
Visa Gift Cards purchasable in many retail locations. Fixed face value from $25 - $500, usually charges an activation fee between $3.95 - $6.95.
VR
Vanilla Reload Card
(No longer available)
WF
Wells Fargo
WM
Wal-Mart
WN
Southwest Airlines
WU
Western Union
A US based company used to transfer money throughout the world. Similar to MoneyGram.
YMMV
Your Mileage May Vary
A saying meaning "I had these results, but you may not actually have the same outcome as I did."