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This is a small time question, no coins or crypto or get-rich-quick schemes, just a simple plan to skim ~$1000 bucks this year for no work. There's a lot of credit cards right now with some pretty good sign-up bonuses, $150-$200 just for spending money that I was already going to spend. What's to stop me from opening a card, meeting the minimum purchase requirement, cashing my check, and signing up for the next one? In the past I worried about tanking my credit score, but my score is 790 and I just bought a house last month. I really don't see myself borrowing large sums of money in the next five years, which is more than enough time for my score to come back up from all those inquiries. Is there anything I haven't thought of as a reason not to do this?
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called churning
many ppl do it. its an art thats been more or less perfected
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>>2765998
Nope, like you said, you're tanking your credit score.
Think of your credit score as something which you can sell for money.
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>>2766005
>called churning
Just knowing that term has now opened up a world of information to me.Thanks.
>>2766009
That's exactly why I never did it before. I've spent the last ten years religiously grooming my score. Now that I bought the house it just seems less important. Inquiries drop off after a year anyway, it's not like I'm doing permanent damage.
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