Who signs up for credit cards just to get the initial rewards?

[lincolnboy]

I need to find a good c.c company to swith my capital one c.c. over to. Have 23% apr on that sucker.

[Gasser64]

What if you just rack up 10k and never pay a dime

[Barbie]

I sign up for the bonus then close the account. I got $100 off a Southwest Airlines flight so my round trip to Portland, OR cost me $96.20. I'm definitely not a slave to the plastic I make them pay me. Don- you should have called the credit card company and make them refund you. Before I was on auto pay I fogot to schedule my payment and I was late and I just called them up and made them refund the late fee and the few dollars in interest. I have the AA citi card that gives me free checked bags and each year before the annual fee is charged I call them and ask for it to be waived I'm going on year 3 with no fee.

[lincolnboy]

I sign up for the bonus then close the account. I got $100 off a Southwest Airlines flight so my round trip to Portland, OR cost me $96.20. I'm definitely not a slave to the plastic I make them pay me. Don- you should have called the credit card company and make them refund you. Before I was on auto pay I fogot to schedule my payment and I was late and I just called them up and made them refund the late fee and the few dollars in interest. I have the AA citi card that gives me free checked bags and each year before the annual fee is charged I call them and ask for it to be waived I'm going on year 3 with no fee.

Yup. You are a barbie

[0393gt]

Holy shit.

Holy cow...

[8mpg]

Im a credit card whore.. The fiance and I have a bunch. We signed up for the bonuses and rarely use them. Converted most of them to free cards after the year was over.

We cashed in 500k miles/points on a round the world trip. Take it for what its worth but these were our redemptions and their "value"
(2) first class tickets on Cathay Pacific from San Francisco to Hong Kong - $20k ish. each ticket is about $10k one way
(2) business class flights from Johannesburg South Africa to Barcelona Spain - $9000
(2) first class tickets from London to New York - $10k

I have also cashed in Chase Sapphire points a couple times. Id say $3000 or so in cash in my paypal from a broker.

So yeah. All of you people thinking you are slave of plastic just because you have them are simple minded. Use them to your advantage and dont let them use you to their advantage. Pay those cards off each month and reap the rewards.

[Barbie]

Yep. Why not get paid for spending the same amount you would spend anyway.

[black2002ls]

Yep. Why not get paid for spending the same amount you would spend anyway.

Exactly. Our daily spending over the last 4 months has covered all but $200 of our trip to Hilton Head SC in June

[MustangPoser]

I used to run a credit card deals website with a friend who did a lot of mileage/point/balance transfer hustles. My credit sucked, so I didn't get in on the best hustles.

If you are GOOD with credit, then you can do really well. My friend had:

• Over 100k in 0% balance transfer checks sitting in CD's
• 100,000 American Airlines Miles (from 1 card)
• 75,000 British Avios (from 1 card, better for domestic short flights when you spend on AA)

I think they put a stop to app-a-thons, but you used to be able to get approved for a bunch of cards at once.

What he would do to get the initial spend is find things like deals on xbox's and then sell them on eBay. So he would buy $8,000 in xboxs on the credit card and sell them on eBay, make a few bucks + meeting his minimum spend.

He registered a DBA and used that for signing up for business cards. Fat wallet and slickdeals are now the best places to find deals and advice on how to best take advantage of them.

Currently I believe he is buying a lot of gift cards? I guess category spending at places like Kohls that sell American Express/Visa gift cards so you get the 5% back, then use those cards to pay utilities/necessities.

[johnny--2k]

TRUTH! As long as you use them responsibly, there is no harm to having them. I have a whole bunch, but never use them all. I have one main one I use (Citi AA Executive) for everything, including work expenses which are reimbursed. So basically, I'm getting free miles since work pays me back for all my stuff when I travel. Otherwise, i have one other card that I use for large purchases that I plan to pay off over a short time vs all at once, and it has a very low fixed rate (6.25) so I'm not worried about the small interest that accrues. The rest of them sit in the safe, and if a good offer comes along for a 0% deal, and I want to buy something large, I will use that, pay it off, and viola!

Im a credit card whore.. The fiance and I have a bunch. We signed up for the bonuses and rarely use them. Converted most of them to free cards after the year was over.

We cashed in 500k miles/points on a round the world trip. Take it for what its worth but these were our redemptions and their "value"
(2) first class tickets on Cathay Pacific from San Francisco to Hong Kong - $20k ish. each ticket is about $10k one way
(2) business class flights from Johannesburg South Africa to Barcelona Spain - $9000
(2) first class tickets from London to New York - $10k

I have also cashed in Chase Sapphire points a couple times. Id say $3000 or so in cash in my paypal from a broker.

So yeah. All of you people thinking you are slave of plastic just because you have them are simple minded. Use them to your advantage and dont let them use you to their advantage. Pay those cards off each month and reap the rewards.

[inline 6]

OH but you guys are slaves! cash only or you cant afford it! blah blah blah.....

[Captain Crawfish]

No reason to have more than 1 credit card imo

[YALE]

No reason to have more than 1 credit card imo

What about several hundred thousand reasons?

Im a credit card whore.. The fiance and I have a bunch. We signed up for the bonuses and rarely use them. Converted most of them to free cards after the year was over.

We cashed in 500k miles/points on a round the world trip. Take it for what its worth but these were our redemptions and their "value"
(2) first class tickets on Cathay Pacific from San Francisco to Hong Kong - $20k ish. each ticket is about $10k one way
(2) business class flights from Johannesburg South Africa to Barcelona Spain - $9000
(2) first class tickets from London to New York - $10k

I have also cashed in Chase Sapphire points a couple times. Id say $3000 or so in cash in my paypal from a broker.

So yeah. All of you people thinking you are slave of plastic just because you have them are simple minded. Use them to your advantage and dont let them use you to their advantage. Pay those cards off each month and reap the rewards.