General Discussion > Share Your Badassity
First Foray into CC Churning!
frugalfoothills:
The CapOne Savor card is ridiculous as far as rewards go. First of all, 4% cash back on dining and entertainment, so for a single pringle Millenial like me (whose major non-critical spending goes to food/drink/fun), this card is a DREAM.
Secondly, there's a $500 cash back signup bonus if you spend $3K in the first 3 months of opening the card. I have rarely seen a cash back bonus that high for such a low spend! $1K a month? Most people hit that with basic utilities/groceries alone!
Anyway, I just got my $500 dropped into my bank account, and I'm hooked on the churn! Next up is a Wells Fargo cash back card, $200 bonus for spending $1K in 3 months!
I'm a newbie so I'm curious--to the veterans around here, what's the most you've made in a year off CC churning?
ketchup:
Very nice!
Last year GF and I (2-player mode) made about $300 in cashback and $7,000 in various travel redemptions. Still sitting on a few hundred thousand points of various flavors too.
HAPPYINAZ:
We have been doing travel hacking for a couple years now and it's amazing how much free money is out there!
In case you don't already know it, some CC companies are harder to get approved for than others. For example, Chase has an unwritten rule that they won't approve a card if you have had more than 5 credit cards opened in the last 2 years (commonly referred to as the 5/24 rule). So you might consider reviewing the Chase cards to see if any of those appeal to you and open those first. Otherwise you might get shut out of getting any of the premium chase cards. If you want to do some traveling, many people think Chase cards are the best. Their bonuses are large and the points are super valuable because you can transfer them to so many partners.
I highly recommend the travel hacking course https://www.travelmiles101.com/travel-rewards-course-registration
I am up to about $3700 in credit card bonuses this year. In the prior two years I had a total of $9355. Many of these are not cash rewards but points and I converted the points to a cash value to come up with what I make doing these cc bonuses. You might also consider bank acct bonuses. I have done about $2000 of those. So in total for credit card bonuses and bank acct/brokerage bonuses, I have made $15,230 in the last 2-3 years. And that is just on bonuses....doesn't include continuing value I get one some cards (like cash back cards or Barclay card where you remove travel related charges).
ducky19:
I currently have $8500 worth of travel benefits across all programs, and have a $1500 first class flight booked that's not included in that. I like the simplicity of the cash back cards and will churn them every chance I get, I feel like I get the best value out of hotel and airline programs. We love to travel and we would definitely not be staying in the hotels we stay in or flying as often without them.
Trifle:
We churn only travel cards, and we cash in points for plane tickets -- it's where the value is for us. (We usually don't stay in hotels when we travel). We get the equivalent of $2k-$4k per year this way.
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