this post was submitted on 16 Nov 2024
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Asklemmy
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Bahaha that is pretty awesome.
I've "debated" doing that, since I'm debt free aside from mortgage and have a good credit score, so I could probably open enough cards to get the cycle moving. But the research to find the best hidden gems of reward programs is probably hard.
Other thing I've seen people with great credit scores do is basically put EVERYTHING on 0% intro credit cards, pay minimums, save all the money in a HYSA or a mutual fund, then pay off the balance right before the 0% ends, and then open a new 0% card and repeat. Which seems finicky, but basically gives yourself a 4-8% raise if you set it up to just take care of itself automatically.