- Platinum Member
- Posts: 57
- Joined: Sat Mar 09, 2013 12:24 pm
- Location: Pennsylvania
customers who sign up for their cards to get bonuses and don't use their cards for much else...at least initially? For example, applying to a card that has 0% apr for X amount of months and spending up to the limit required to get a cashback bonus(ie spend X amount in 3 months and get X amount back). You do that but don't buy anything else on that card UNTIL all you've charged is paid back? Might charge up to $1500 to get a bonus and then pay down on that over the course of a few months. Each month you'll be paying them money, but you won't be charging anything new on it. Is that considered "inactivity"? Do they frown upon this or can you possibly get rewarded with new CLIs? You are paying on time and demonstrating responsible use of the card by paying down your limit.
To be clear---you have the money to pay all of it in full if need be, but you're utilizing the 0% APR, as well as stopping yourself from buying something new each month on every card.
I, personally, believe it's a smart way to rotate cards for those who have a lot of them. To me, you'll have something going on with all of them. There will be the card(s) you're currently charging on and others you're actively paying off.
(1/13) Fingerhut - $1,100
(2/13) Capital One Quicksilver- $3,500
(3/13) Capital One Quicksilver One- $750 ($19 AF)
(8/13) Discover IT- $2,000
(8/13) Citi Dividend- $1,200
(8/13) Chase Slate- $2,500
(9/13) Chase Amazon Visa Sig - $4,000
(9/13) Victoria Secret- $750
(9/13) Paypal Extras Mastercard- $3,000
(9/13)] MyPoints Visa- $1,500
(10/13)Walmart Discover- 3,000