The act of “churning” charge card describes making repeat signup bonus offers on the exact same item by cancelling your card and reapplying at some point in the future.
How practical is this method? Well, in the past, it’s something I have actually honestly advised here on this channel, however it’s no longer something I suggest rather as enthusiastically nowadays. In this video, let’s discuss why.
In the United States, banks have actually set up rigorous guidelines to fight this kind of behaviour, and we’re seeing early indications of these guidelines here in Canada as well, even though the enforcement of these guidelines might not be rather as rigorous simply.
In my viewpoint, we’re headed in the instructions of more stringent enforcement– and openly advising these methods here on the channel would just serve to accelerate their death.
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