What is credit card churning? Should you do it? Benefits, risks and how it works
3 weeks, 6 days ago

What is credit card churning? Should you do it? Benefits, risks and how it works

Live Mint  

Most credit card users are lured to them because of the rewards and benefits they offer. Credit card churning is a method of strategically opening and closing accounts to fully utilise rewards, bonuses, and other offers provided by credit cards. Advantages of credit card churning Higher savings: Various offers provided by multiple credit cards can help to save a lot on your expenses, especially on travel, airport lounge access, hotel stay, online shopping, movie tickets etc. Bonus: One of the major highlights of credit card churning is sign-up bonuses, which can be very high on some cards. Disadvantages of credit card churning Fees and charges Most credit cards charge annual fees, joining fees, and other charges, especially the ones that offer sign-up bonuses.

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Credit Cards: How to manage multiple cards without hurting your credit score? Here are 11 key strategies
1 month, 1 week ago

Credit Cards: How to manage multiple cards without hurting your credit score? Here are 11 key strategies

Live Mint  

Many people buy credit cards to earn rewards and cash back and benefit from the same. And no, multiple credit cards won't affect your credit score if managed responsibly. Today, let's explore some strategies to manage multiple credit cards without affecting your credit score. Set notification or account alerts Most credit cards give you the option to set alerts for …

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