As the saying goes if you have to ask what churning is it’s not for you. Churning is the slow process of finding credit offers applying making the minimum spend in most cases to get anywhere from 20,000 to 100,000 points then moving on to the next card offer.
I’ve personally met people that have over 50 credit cards and are constantly moving money from one card to another. The amount of time involved in a project like this is insane
There are risks involved to your credit it’s not for everyone. The number one tip for churning is to have a goal in mind and work towards that goal. For some people that goal maybe airfare to hawaii or a week in fiji in a suite using nothing but points.
You should not consider churning if you meet the following criteria
- Sub 730 credit score
- Possible Mortgage or Auto Loan within 2 years
- Credit Unestablished
- You are not sure you can pay the credit cards balance each month