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3
Signing up for new credit card bonuses?
Post Body
I get a lot of credit card offers in the mail that give a substantial bonus after spending a certain amount of money within the first few months. Some of the offers are cash back or 50,000 miles after spending a nominal amount in the first 3 months which I could easily do.
Aside from my home, I have no debt, pay off all my credit cards every month, and I have a current credit score of 812.
Is there any downside to signing up for these cards, getting the bonus offer and then canceling the card?
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- 7 years ago
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