Interesting article on the “side hustle” of card churning. Put simply, they apply for credit cards with great intro offers, meet the offer requirements, and move on to the next. Evidently, you can make $15K more more per year doing this.
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From the article:
But churners often have surprisingly high credit scores. While opening a new credit line can lower a customer’s score, having low credit utilization — spending only a small fraction of one’s available credit — can raise it. Because churners often have access to vast amounts of credit through their card collections, many enjoy superprime scores.
I don’t know if I qualify as a churner exactly, but I regularly open credit cards for the sign up bonus and close them when the bonus is collected. I have a near perfect (and sometimes perfect) credit score.
The result has been enormous amounts of benefits, mostly free travel. The limiting factor is meeting the spend.
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