4 ms·
Not OP but I think the intent here was something analogous to credit card churning but for the bank accounts, e.g. join for 60 days, get the sign-up bonus, imme
by tedmiston 8y ago
Not OP but I think the intent here was something analogous to credit card churning but for the bank accounts, e.g. join for 60 days, get the sign-up bonus, immediately move the money elsewhere, rinse and repeat.
- astura 8y agoI do this myself, though I don't hit it as hard as many people (I do about ~$1,500/year). I've never heard of anyone being banned from existing accounts, just being prevented from opening new accounts.
- tedmiston 8y agoThat sounds interesting. Are there any particular sites you follow to find out about bonuses? I like Bankrate but don't think they have info on signup bonuses.
- astura 8y agoYes. https://www.doctorofcredit.com https://www.doctorofcredit.com Its one of the very few financial blogs that doesn't do credit card referrals, thus they don't try to steer their readers to any specific financial products or using any particular links that are less attractive than other ones available but earns them commission. Bankrate (and others) shouldn't be used, because of the following (directly from their site): >Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.