Reported 1 day ago
Credit card churning refers to the practice of opening multiple credit cards in rapid succession to take advantage of sign-up bonuses, such as cash back or travel points. While it can be lucrative for some, it poses significant risks such as damaging one's credit score, increasing the likelihood of application denials, and possible account closures due to issuer restrictions. Most consumers are advised to focus on long-term reward strategies instead of engaging in churning.
Source: YAHOO