skip to Main Content

Credit Card Churning 101

Credit cards, when used with care, can yield amazing benefits. One of the main benefits are the travel perks.  If you have good credit, there are many credit cards out there that are willing to give you free flights and hotel stays if you sign up with them.  There is a small community of people who travel on the credit card company’s dime all the time—they are called credit card churners.

Credit card churning is the practice of signing up for credit cards that offer large sign-up bonuses, and then canceling the cards once the bonus points are redeemed and used.  The bonuses can be in the form of miles, points, or cash back.  So if you want to be able to travel on someone else’ dime, learn how to churn credit cards and play the bonus miles game.  But before you start, here are a few tips and tricks that you should know about credit card churning:

keep reading

Ways to Get Your Credit Report for Free

Your credit is extremely important to your financial prosperity.  It enables you to used leveraged money to buy a house, get a credit card, or buy a car.  So it is extremely important that you check your credit report often to see where you stand and if there are any discrepancies in the credit reports.  There are many ways to get your free credit report.  Below, here are several of the ways you can do so.

keep reading

What Is The Average Credit Score?

The average FICO credit score in the United States is a 687.  The medium credit score in the US is a 723.  Which one is a better determinant of the credit worthiness of Americans?  In assessing credit scores, the medium is a better indicator when assessing the credit scores of Americans on the aggregate.  That is because in terms of talking about an average credit score, that is just a number and does not tell you where you fall within the credit score range—as in, what is your percentile.  Whereas, if you measure credit score by the medium, you know what your score is and where it is in relation to the rest of the population.  In other words, the medium score tells you precisely and accurately what your score is and where you rank.

Before we go into the post, if you want to check your credit score for FREE here.
keep reading
Back To Top
Join Our Community of Wealth Builders
Sign Up for our FREE Newsletter!
We respect your privacy.