Anyone Churn Credit Cards?
Looking for real insight if this form of arbitrage pays off.
What Is Credit Card Churning?
Many credit card issuers offer great signup bonuses. New cardholders earn a big bonus for spending a certain amount within a certain timeframe — usually the first 90 days of opening the credit card. The more rewards credit cards you open, the more signup bonuses you can earn.
Credit card churning refers to the practice of repeatedly opening and closing a credit card to earn its signup bonus over and over. Doing this with several credit cards lets you rack up far more rewards than you'd get if you stuck with just one credit card. You can use some other strategies — like combining rewards from loyalty programs - to maximize the amount of rewards you earn.
