Here's Why Credit Card Churning Isn't Illegal | Really? no, Really?
Really? no, Really? with Jason Alexander & Peter TildenShow Notes
Credit Card Churners are people who repeatedly open and close credit card accounts to primarily earn sign-up bonuses like cash back, points, or travel miles. Is this type of hack strategy illegal? On this episode, Jason and Peter ask financial expert and senior advisor at Magnetar, Roger Hochschild, to explain how this process works.
We'll also have Roger clear up a few myths and answer some questions that you might also have when it comes to finance and credit cards. For example, does it actually hurt your credit score every time you check it? Is it actually a good thing or bad thing to pay off your credit card every month? Why do lenders look more at your Fico Score instead of your credit score?
Roger also takes a moment to explain the process of closing our your loved ones credit cards after they have passed away. He'll also offer his advice on finding a good company for long term investments instead of trading.
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New episode next week! In the meantime, in honor of Star Trek: The Original Series turning 60 this year, we’re revisiting Jason and Peter’s 2023 conversation with Captain Kirk himself, William Shatner. If you’re new to the Really? No, Really? podcast—or simply want to hear it again—this is the perfect time to catch up. Learn more about your ad choices. Visit megaphone.fm/adchoices