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Yep. I put my brother in a bad spot. It doesn't really hurt him much right now but I messed up some business work using CCs under his name. With his permission of course. I can't pay them off right now, but I've managed to get my credit score close to 800. So I'm going to be getting a couple of credit cards and balance transfer my debts over to myself.

All the decent or better CCs I've seen, offer pretty nice opening offers. I'll definitely be taking advantage of the "spend $3K in 2 months and get $500" sort of deals and pay off those balances. It'll essentially be free money. Like churning you said, Reddits churning subreddit provides a lot of info. Not sure if there are other good communities, but that seems good.



Spend $3k and get $500 in rewards... Why not just spend $2k instead?

Maybe spend the time increasing your income.

(I have done this... Rarely would the hassle.)


Because you are probably spending 3K in 3 months anyway. If you absolutely aren't (or you can't hit the minimum spend in other ways [pay for your friends etc.]), sure, don't get the card.


More work: - cancel the card because yearly fee. - pay tax on churned $. - shorten cumulative account age (lowers credit score).

I've done this... Not worth it. Focus on more important things.


One card with a yearly fee is probably worth it for the other benefits. Other than that, the traditional way is to downgrade it to a free card. Either way, it's fine if you think it doesn't make sense for you, but it's pretty much no-hidden-costs net positive, and that's why so many people actively churn.


I understand why. Semi-free money.

Invest in increasing your income instead. That's my recommendation. Long term thinking.


Can't you do both?


The older you get the more you realize how important it is to focus. Specifically long term.


I'm spending the money anyway. Don't see the issue in this case.




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