Churn

Discussion in 'Other Credit Card Programs' started by knvinvest, Mar 25, 2012.  |  Print Topic

  1. knvinvest

    knvinvest Silver Member

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    Hi,
    Dumb question here - what does it mean when someone is about to churn their cc? Can someone explain the strategy/goal of churning?

    Thanks,
     
    tondoleo and miles and smiles like this.
  2. LarryInNYC

    LarryInNYC Gold Member

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    Original meaning: applying for the same credit card over and over again and getting the bonus each time you apply.

    Current meaning: applying for credit cards (not usually the same ones) specifically for the bonus miles associated with getting the card.

    Many people apply for several cards every 3 months (different people have different periods between applications). Usually one card per issuing bank per set of applications. Many people call one set of applications a "churn".
     
    wrxmom, deant, tondoleo and 2 others like this.
  3. knvinvest

    knvinvest Silver Member

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    Thanks for the info.
     

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