Comment by MattGaiser
2 years ago
I am pretty deep into the credit card hobby and most of the people in it are high-earning professionals already. The last meetup I went to consisted of half of software engineers.
So we already have jobs that pay well for optimizing things.
It’s hardly a difficult skill. I have a spreadsheet with the date , credit limit, money needed to spend to get the reward and a date to cancel the card. Wall Street better get ready for me
So are you essentially constantly swapping cards that you use once you cap out their bonus sign up amount, so to speak?
If so, doesn't that cause the issue where your points are all scattered across various different credit companies?
How does one get deeper into the credit card hobby? I optimize for cash back on gas and groceries but not much else.
/r/churning is a good place to start. Lots of people doing cash back churning too, so even if you don’t want plane tickets, there is plenty for you.
/r/churning is notoriously unfriendly to newbies. They have absolute no tolerance for basic questions whose answer can be found via search. If anyone is reading this recommendation, just be a lurker there.
When I first applied for my CSR card many years ago, I was rejected by the web app. But a perusal of /r/churning led me to some powerful phone numbers where human customer service reps can override such rejections.
How much do you estimate you make off of it? It feels like the intersection of marginals gains and a high level of attention you need to pay to sniff out good deals, not hurt your credit score, remember how to balance charges across cards. I feel like it would need to be a fair amount to be worth the "time".
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