Overview Of Banks And Their Current “Churning” Rules

Discussion in 'Blogstand' started by BoardingArea, Jun 23, 2015.  |  Print Topic

  1. BoardingArea

    BoardingArea News Feed

    Messages:
    73,877
    Likes Received:
    463
    Status Points:
    20
    When it comes to miles and points, the easiest and fastest to accumulate a lot of them is through credit card bonuses. Many people do not just stop at one card, either. They apply for several to nicely pad their mile/point totals. Credit Card Churning The real benefit comes with what is known as “churning” – the practice of applying for the same card again and again to take advantage of the sign-up bonus. Several years ago, it was pretty much the “wild west” in regards to credit card churning. People were hitting the same card repeatedly, even on the same day, and getting the bonuses – and this was like this with all the big banks and issuers! Over the years, credit card companies have wised up to this practice, or at least weighed the cost of these customers against their own profits, and they have put the hammer down a bit on the practice. For the most part, those of us who apply for credit cards to get the big... The post Overview Of Banks And Their Current “Churning” Rules appeared first on Running with Miles.

    Continue reading...
     

Share This Page