Like Matt said this is just #churning for sign up bonuses/miles. Show me an incentive and I’ll show you an outcome. Most sign up for a year, meet the minimum spend, get bonus, then downgrade/cancel when the Annual Fee comes up the following year. They do not carry a balance if they know what they’re doing, and there’s a lot of wasteful “manufactured spending” (think buying rolls of quarters with a card then depositing them back into a bank, gift cards, etc) I haven’t paid for a flight with money since 2015 when I learned about it. Not for everyone though..
congrats. You got yourself a low-paid job. Courtesy of @jimmysong https://bitcoinmagazine.com/culture/bitcoin-songsheet-airline-miles
I maybe open 1 card per year if the bonus is good enough to pay for a round of flights for my family. Wouldn’t really call it a job- if I did I wouldn’t mind making $500-1000/hr while bleeding cc companies. Otherwise I use cash and Bitcoin. No need to be condescending
Yeah, I have been doing the same. Use the new card for gas, groceries, bills, never carry a balance and get a free vacation for the family (ok, depending on the card you might need to pay $100-300 for a one time annual fee). Most minimum spend is really easy to achieve so you never buy extra stuff to hit the target.