Our family of 5 wants to fly to Florida in February. My wife received an offer for the American Express Gold Rewards Plus for the first year free and a credit of 50,000 MR points if we spend 500 on the card by Jan 31. Those 50,000 would score us 2 tickets.
I was wondering if the following is doable : opening up four Amex Starwoods cards - 1 personal and 1 business each for myself and my wife. These cards would give a 10,000 point signup bonus for a total of 40,000. These 40,000 would transfer over as 50,000 in airline miles and score us two more tickets.
Besides for whether this is doable, how could opening up a whole bunch of credit cards affect my credit score and how could I close these accounts or consolidate them after I have my tickets without affecting our credit scores too much. The only card I may be interested in keeping is one Starwoods card.
Thanks
