I’m just some guy, you know.

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Joined 6 months ago
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Cake day: May 7th, 2024

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  • Churning. The art of spending money in a circle using accounts that offer rewards.

    I knew a guy who had like 50 credit cards and 25 bank accounts. He could move money in circles all month, and get like $100k/year in cash back rewards on top of his $100k/year job. His credit report said he spent $8M a year on credit cards. His credit score was 845.

    He also pretty much flew for free, and he flew all the time. There were a few mileage programs in his little scheme.

    As far as I can tell, 100% legal. The banks just make frequent changes to their offerings to make it hard to do.