Churning - Fiberglass RV


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 02-25-2018, 11:22 AM   #1
Member
 
Name: Don
Trailer: Shopping
Alabama
Posts: 56
Churning

If you are disciplined with credit cards and spending regularly on gas and fees you might head over to https://www.reddit.com/r/churning/

I'm able to make between $500 and a $1000 a month (I do every card twice... one for me and one for the wife.)

If there is a good bonus bonus I'll buy pre paid gas or grocery gift cards... pay the credit card off out of savings... get the bonus and then use the gas cards for a month or three while the savings builds back up.

It's a little bit of effort and you need some cash on had as well as a spreadsheet so you know exactly which cards are opened when... what the fees are and when to close them if there is one and it's a terrible idea if you don't have the cash and don't pay the cards off immediately.

As for my credit score. I started at about 780. After 2 years of 'churning' and dozens of credit cards I've noticed it will run my score up and down a bit. As low as 700 at one point 'too many new accounts opened' and then in a momnth or so it will drift back up to 760 or so.
__________________

dcs02d is offline   Reply With Quote
Old 02-25-2018, 01:10 PM   #2
Senior Member
 
Name: bob
Trailer: Was A-Liner now 13f Scamp
Missouri
Posts: 2,739
doing that

don I have been doing that latest one is spend 1k in 3ms get a 200.00 credit how good is that?

bob
__________________

k0wtz is offline   Reply With Quote
Old 02-25-2018, 03:46 PM   #3
Member
 
Name: Don
Trailer: Shopping
Alabama
Posts: 56
Quote:
Originally Posted by k0wtz View Post
don I have been doing that latest one is spend 1k in 3ms get a 200.00 credit how good is that?
It's a trade off on your personal expenses... For me. We can burn up $1000 in gas and groceries in a month (still have kids) so that is not a bad deal I think.
dcs02d is offline   Reply With Quote
Old 02-26-2018, 07:48 AM   #4
Senior Member
 
Name: bob
Trailer: Was A-Liner now 13f Scamp
Missouri
Posts: 2,739
pay our expenses

pretty easy thing to change our c/c s for paying automatic expenses in the household. Most deals are use the c/c for 1k in 3 mos that's a pretty easy do and by the way I found one spend 1k in 3 ms get 200.00 back.

by the way this hasn't dropped our credit score from 800 yet. but at 76 I don't care not buying anything big!


bob
k0wtz is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Upcoming Events
No events scheduled in
the next 465 days.
» Featured Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 11:20 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.