3 ms·
What’s high risk about churning besides the risk of wasting your time? Forgetting to pay a bill with all the accounts you are juggling then wiping out your gai
by positr0n 1y ago
What’s high risk about churning besides the risk of wasting your time?
Forgetting to pay a bill with all the accounts you are juggling then wiping out your gains with one late fee?
- itake 1y agoYou must follow the rules exactly. Easy mistakes include: For credit card: - not meeting spending targets to earn signup bonuses - not utilizing all the cards benefits (For example, discover requires you click a couple buttons to activate 5% reward. - minimum points redemption (must have > x points to convert to cash) - Forgetting to redeem points before closing the account.) For checking/savings rewards: - not meeting direct deposit targets - not maintaining an account balance
- nunez 1y agoThat's exactly it! Got to have the discipline to make sure those balances stay at zero.