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/biz/ - Business & Finance

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55431081 No.55431081 [Reply] [Original]

Credit card companies are denying me wherever I apply for new credit cards because I have too many active credit cards. I have about 11

Should I start to close my credit cards so I can apply for new ones or do I just wait longer before applying again

>> No.55431151

>>55431081
I have 37

>> No.55431856

>>55431081
Yes. That's how you make money churning. If you don't close before a year then you have to pay the anual renewal.

>> No.55431943

>>55431856
All of my credit cards have 0 annual fee I haven't applied to any feed credit card yet

>> No.55432511

>>55431081
I keep my oldest and good cards. my churners I typically cancel shortly after utilizing the SUB.
>11 cards
that shouldn't be an issue

>> No.55432564

>>55431856
All of my credit cards have 0 annual fee I haven't applied to any Sneed credit card yet

>> No.55432590

>>55431081
>>55431151
>>55431856
>>55431943
>>55432511
>>55432564

is churning actually worth it?
what kind of profit are you guys actually making?

>> No.55432632

>>55432590
between me and my wife we can usually do 2k churning alone without making it a job. we just look at it as savings. I spend 5 minutes filling out a paper and 7 days later a piece of plastic shows up that gives me a 10%-30% discount on the first $1000-$4000 I spend. we use this to buy shit we need anyways like food and groceries.

>> No.55433093

>>55432632
any good list of churning cards? I tried it at one point and just got disillusioned with all of the different options that are product specifc

>> No.55433128

I just paid a $10k credit card debt on full.. only got like $1200 in my bank account.. these fuckers haven't called me again to offer me another credit card, wich would help to my debtmaxxing plan.. so i'm gonna wash trade my savings account and pump it with cash transfers and i'm sure they'll call me again giving me more credit or something... it has happened to me before. Fucking fags, i'm going to enjoy it so much...
$150k in btc and not going to pay anything back , unless i "make it"

I'm gonna jew the jew

>> No.55433145

>>55433093
not really. just get cards you qualify for SUB. don't worry about categories, points, cash back, etc unless your going to be keeping the card.

>> No.55433198

>>55433145
how does canceling affect credit score? Probably gunna churn 5 or so a year

>> No.55433415

>>55432590
If you use it to buy things you actually need you can manage a couple hundred every few months

>> No.55433440

>>55432590
I did it during 2010-2015 much more aggressively when I was a student. Was making like $7k/year and finished college with a 800 credit score and like 100k total limit. It's great if you love to travel but the cash equivalent options dry up/get restricted pretty regularly. I probably do 2-3k/year for bank account bonuses now for my wife and I in total plus like another $1k in credit card bonuses.

>> No.55433534

>>55433440
how do you manage to stay on top of new offers (bank acc bonuses and cards as well)?

>> No.55435007

>>55433198
it doesn't beyond a couple points if you keep your oldest and daily cards open.