How dare these kids take advantage of credit card offers and exploit bonuses while responsibly paying for them! And how dare they keep so many cards active as credit scores skew positively towards keeping a large number of semi-active accounts to improve your credit age!
Chase's 5/24 rule (5 cc per 24mo period) kinda screws with Manufactured Spend methods central to a lot of churning, however it makes complete sense to rotate around new cards with a variety of benefits. I'm working on my southwest cards for a companion pass, which would basically be a buy 1 ticket, get 1 free offer thru southwest.
I started on this about 7 years ago. Up to then all I had was a single Amex card, lots of money I left on the table for that.
All it takes is knowing to set things to autopay and keep 2-3k in your bank to make sure payments don't bounce. It really is minimal effort for decent return, and the only real barrier is people thinking it must be Monterey black magic because "finances are so hard."
Chase's 5/24 rule (5 cc per 24mo period) kinda screws with Manufactured Spend methods central to a lot of churning, however it makes complete sense to rotate around new cards with a variety of benefits. I'm working on my southwest cards for a companion pass, which would basically be a buy 1 ticket, get 1 free offer thru southwest.
I started on this about 7 years ago. Up to then all I had was a single Amex card, lots of money I left on the table for that.
If I could spare the time to do the research, I'd definitely do this. I rock two credit cards, and the only impact they've ever had is to give me free money every month. Churners are both more wise and more savvy than the rest of us.
All it takes is knowing to set things to autopay and keep 2-3k in your bank to make sure payments don't bounce. It really is minimal effort for decent return, and the only real barrier is people thinking it must be Monterey black magic because "finances are so hard."