{"id":5084,"date":"2022-09-04T00:00:00","date_gmt":"2022-09-04T00:00:00","guid":{"rendered":"https:\/\/thewealthcircle.com\/?p=5084"},"modified":"2023-03-08T08:33:26","modified_gmt":"2023-03-08T08:33:26","slug":"what-is-credit-card-churning","status":"publish","type":"post","link":"https:\/\/kiiky.com\/wealth\/what-is-credit-card-churning\/","title":{"rendered":"What is Credit Card Churning? How it Works","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Credit Cards rewards are always alluring. While some provide easy access to cash for spending, some allow users to lay up sign-up bonuses as dust. The bonuses come either as cash, free card gifts, miles, and points, helping users pay for certain expenses, buy Litecoin,<\/strong> <\/a>and get more advantages.<\/p>\n\n\n\n

However, as a way of getting as many advantages as possible, people get involved in what is called Credit Card Churning<\/strong>.<\/p>\n\n\n\n

Churning of Credit Cards means going for more credit cards just to get welcome bonuses. Just like a two-edged sword, churning a credit card has its benefits and pitfalls which are expedient you have at your fingertip.<\/p>\n\n\n\n

Reading this article will help you learn more about Credit Card Churning and how it works. You will also know how rewarding<\/a><\/strong> and detrimental it can be to your finance. <\/p>\n\n\n\n

Navigate through the table of contents below to get an overview of all the points made.<\/span><\/h4>\n\n\n\n

What is Credit Card Churning?<\/strong><\/span><\/h2>\n\n\n\n

Churning credit cards deal with the application of new credit cards with the intention of getting rewards in form of miles or points as sign-up bonuses. You can get a quite number of miles or points or a hefty sum of cash within a short period just by opening many cards. <\/p>\n\n\n\n

Credit card churning can be done in two ways: first, you can apply for the same type of credit card over and over again and once they are approved, you take all the welcome bonuses and cancel the card before the next annual fee is due. <\/p>\n\n\n\n

Secondly, you can go for multiple card application at same time. Here, you can apply for multiple new credit cards at the same time, and repeat the same multi-application process every few months.<\/p>\n\n\n\n

With this credit card churning guide, you can earn several large welcome bonuses every few months that will enable you to build up huge amounts of miles, points, and cashback easily. Keep in mind, this process will favor you more if you know how to use credit cards wisely<\/a>.<\/strong><\/p>\n\n\n\n