Like Matt said this is just #churning for sign up bonuses/miles.
Show me an incentive and I’ll show you an outcome.
Most sign up for a year, meet the minimum spend, get bonus, then downgrade/cancel when the Annual Fee comes up the following year.
They do not carry a balance if they know what they’re doing, and there’s a lot of wasteful “manufactured spending” (think buying rolls of quarters with a card then depositing them back into a bank, gift cards, etc)
I haven’t paid for a flight with money since 2015 when I learned about it. Not for everyone though..
Stacking Functions
npub1paq…ezs0
2023-09-08 21:24:01
in reply to nevent1q…hc3u
Author Public Key
npub1paqpz9vuyjn220hw5uhpct5hupp9h690zhnauwtsq0wktk0g6fuq4dezs0Published at
2023-09-08 21:24:01Event JSON
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"pubkey": "0f4011159c24a6a53eeea72e1c2e97e0425be8af15e7de397003dd65d9e8d278",
"created_at": 1694201041,
"kind": 1,
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"content": "Like Matt said this is just #churning for sign up bonuses/miles. \nShow me an incentive and I’ll show you an outcome. \nMost sign up for a year, meet the minimum spend, get bonus, then downgrade/cancel when the Annual Fee comes up the following year. \nThey do not carry a balance if they know what they’re doing, and there’s a lot of wasteful “manufactured spending” (think buying rolls of quarters with a card then depositing them back into a bank, gift cards, etc)\n\nI haven’t paid for a flight with money since 2015 when I learned about it. Not for everyone though..",
"sig": "62ba650f41edd0ce7c9b5a18f38e54e1da1d37b2ed3c810f773a9401fd36b25f30ebb49e3246c77f856d0764408ed8b4640454486487aa54c9112e3ff171c516"
}