When you see bank advertisements that boast bonus cash rebates and rewards points, it can be difficult to resist the temptation of applying for a new card just to get those welcome bonuses. But is it really a smart financial move to apply for a card simply to get some extra points? The answer, like many others in the realm of credit cards, isn’t a straightforward “yes” or “no.”
in the world, and reward credit cards are outdoing one another to compete for the business of everyday consumers. Churners are simply taking money that is sitting on the table. However, this practice of “credit card churning” has its own pitfalls that cannot be taken lightly. Most cards only give welcome offers to people who manage to charge a certain amount to their card within a few months of account opening., for example, has you spending at least S$10,000 within the first 3 months in order to qualify for its 15,000 bonus mile offer. For many, this can be an immense strain on their monthly budget, especially if they are juggling multiple credit cards at the same time.charges users S$588.6 per year.
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