Credit cards are something that people often use with caution. They can bring on unnecessary debt if you lack the discipline, and generally, people carry around one to two cards personally.
If you want to grab lots of points and miles, having many credit cards can help create this path. Gaining rewards and not damaging your credit can be tricky and make many people feel uneasy.
Simply put, credit card companies want people to sign-up for their cards. They give out bonuses for hitting minimum spending, and the customer now has money they can use for travel.
Credit card churning opens up cards, hits the sign-up bonuses, and closes them. People will use credit card churning to earn air miles, travel rewards, or cashback.
You can achieve many bonuses and reap the rewards through many cards like Chase credit cards or American Express cards.
Credit card churning makes the process of earning points and miles quicker.
- Open up a card for a particular credit card currency.
- Hit the credit card bonus to get the rewards.
- Once you have the bonus, close the card before the annual fee hits the account.