Travel hacking is the mode of gaining free or cheaper travel by earning points and miles through credit card sign-ups and bonuses. Simply put, credit card companies want people to sign-up for their cards.
Banks Protecting Themselves From Credit Card Churners
The Chase 5/24 Rule:
When looking at creating a strategy, you must be mindful of the Chase 5/24 Rule. Chase doesn’t want people to be signing up for cards and canceling all the time. They can see this when you apply for new cards.
Now manufactured spending may sound a little illegal, but it is not. Manufactured spending is spending money to achieve card rewards from credit cards. You have to manufacture enough spending where you are not losing money.
Credit card churning is not for everyone. It brings on many complexities but also brings on many rewards and bonuses. If you are thinking about doing some credit card churning, it is time to make sure some of these other factors will not affect your strategy.