Also known as Credit Card Churning, one thing I’ve been doing for fun on the side is racking up credit card points. I’ve been able to fly to Canada to visit family multiple times for completely free, literally just by opening up a credit. I have enough points now to fly round trip first class to pretty much anywhere in the world, and stay a few nights at a world class resort, all for free, and this only took a few minutes of my time. Here’s how. Add me on Snapchat/Instagram: GPStephan
One thing most people don’t know - you can actually profit, quite a lot, from credit card sign up bonuses. Lets face it, credit companies make money off people who carry balances and don’t pay off their bill. The interest credit cards charge is astronomical and most people lose a ton of money every year to credit card interest payments. So to lure people in, credit cards will offer a sign up bonus. Usually if you spend a few thousand dollars in the first few months of opening a card, they’ll give you a certain amount of points- this is called the minimum spend. Once you hit the minimum spend, those points are deposited to your account and can be redeemed for travel, hotel, or sometimes it’s cash.
1. Credit Cards make money off people who charge money on the account and don’t pay it off in full. Do not be that guy (or girl) who keeps a balance on a credit card and pays interest. To do this effectively, charge the minimum spend needed to hit the bonus - with money you would have spent anyway - and pay it off in full.
2. This is not for beginners. If you’re just starting out, do not do this. This is meant for someone with already established credit history and a good credit score.
3. . This is not for people who can’t responsibly handle credit card. Do not buy things you wouldn’t ordinarily buy just because you have more credit.
4. Credit Card bonuses can be redeemed for free travel, free rental cars, free hotels, cash back…the possibilities are endless. It costs you nothing other than spending money you would already be spending, anyway.
5. The best ways to use these points is by transferring the points to an airline and then booking directly with the airline. Usually booking plane tickets through the credit cards portal offers you a lower rate.
Using this strategy, and browsing reddit, I’ve made thousands in points and gotten free airfare, travel, and hotels for free with almost no work. Do this correctly and you can continue building your credit while getting free stuff at the same time.
Favorite website:
www.Reddit.com/r/churning
My favorite cards:
1. American Express Gold - https://apply.uscreditcardguide.com/credit-card/amex-premier-rewards-gold/apply/?t=0 (Incognito mode for 50k offer)
2. American Express Platinum - https://goo.gl/7ZpUdr
3. Chase Sapphire Reserve - https://www.referyourchasecard.com/19/MO0IMZTC25
4. Chase Sapphire Preferred
5. Bank of America Cash Rewards - https://goo.gl/1xwB4B
For business inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
One thing most people don’t know - you can actually profit, quite a lot, from credit card sign up bonuses. Lets face it, credit companies make money off people who carry balances and don’t pay off their bill. The interest credit cards charge is astronomical and most people lose a ton of money every year to credit card interest payments. So to lure people in, credit cards will offer a sign up bonus. Usually if you spend a few thousand dollars in the first few months of opening a card, they’ll give you a certain amount of points- this is called the minimum spend. Once you hit the minimum spend, those points are deposited to your account and can be redeemed for travel, hotel, or sometimes it’s cash.
1. Credit Cards make money off people who charge money on the account and don’t pay it off in full. Do not be that guy (or girl) who keeps a balance on a credit card and pays interest. To do this effectively, charge the minimum spend needed to hit the bonus - with money you would have spent anyway - and pay it off in full.
2. This is not for beginners. If you’re just starting out, do not do this. This is meant for someone with already established credit history and a good credit score.
3. . This is not for people who can’t responsibly handle credit card. Do not buy things you wouldn’t ordinarily buy just because you have more credit.
4. Credit Card bonuses can be redeemed for free travel, free rental cars, free hotels, cash back…the possibilities are endless. It costs you nothing other than spending money you would already be spending, anyway.
5. The best ways to use these points is by transferring the points to an airline and then booking directly with the airline. Usually booking plane tickets through the credit cards portal offers you a lower rate.
Using this strategy, and browsing reddit, I’ve made thousands in points and gotten free airfare, travel, and hotels for free with almost no work. Do this correctly and you can continue building your credit while getting free stuff at the same time.
Favorite website:
www.Reddit.com/r/churning
My favorite cards:
1. American Express Gold - https://apply.uscreditcardguide.com/credit-card/amex-premier-rewards-gold/apply/?t=0 (Incognito mode for 50k offer)
2. American Express Platinum - https://goo.gl/7ZpUdr
3. Chase Sapphire Reserve - https://www.referyourchasecard.com/19/MO0IMZTC25
4. Chase Sapphire Preferred
5. Bank of America Cash Rewards - https://goo.gl/1xwB4B
For business inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Capital One is not in my wallet. They just turned me down and did a hard check that most other companies didn't do.
Lol whys his voice so different
Great video. Tell us the downsides too, so we can be prepared. Do the points expire and typically when?
So, do you cancel the card after the first year so that you don’t continue to pay annual fee?
FASTC.YBER IS THE ONLY PERSON WHO SUCCESSFULLY RESTORED MY DISABLED IN FEW MINUTES°
So use it are saying don’t cancel them after a year or stay with it and pay the yearly fee?
This is great stuff.
why does he sound so different than usual
Question! How do you still profit from these if you still have to pay the yearly fees? After you received the bonus that is
“SunCor Financial MPI review” "
ahhh 2017 . If only we knew what 2020 had in store for us.
Theres a $250 membership fee for AMEX GOLD?
yey
Do you know of any credit cards with no annual fee that I could keep for a while instead of just churning some cards for only like 1 year
OMG I just got my Mastercard from cashmain on wickr he also trade flips and dumps
If I cancel the card after I receive the points, will the points be recinded?
Cashier: okay and how will you be paying today?
Graham: staring at 50 different credit cards 😅😅😅
Read the fine print when bank churning /credit churning. I went to HSBC to try and get the 225 and had the minumum ballance of 5k, made direct deposits but you also need to have "An HSBC U.S. residential mortgage loan." whoops.
Yeah so you can get scammed trying to scam them
does this work in other countries? such as france for example
Hey Graham, are those $3000 life time purchase on the card and not doing that every year?
Got my first credit card and I did the exact opposite. Spent money on stuff I don’t need, for the points lmao but you gotta fail to learn, I’ll be on my way to the top soon!
Where are the points stored?? It is a centralised system?
$500 piece of wood. 😱😂😂😂
Why do his pupils look so crazy?
Does he then blocks the card after the usage to block annual charges ?
is this applicable in different countries (Ie: Canada?)
$550 annual fee is waived for military so getting it and using the VIP lounges is a no brainer.
"..but you're smarter than that, and you're not gonna do that…"
me: "…..anymore…"
I can see the other side through his eyes.
The timing of this video worked out way too perfectly. By random chance (I filmed this video last week), I booked a free ticket last night using credit card points, to visit family in Canada and flew out this morning…I’m posting this between a layover from a Denver Colorado airport lounge where Priority Pass/Chase Sapphire Reserve got me complimentary access, a free truffle burger, fries, dessert, and nitro iced coffee. Check out my snapchat to follow the adventures 😉 GPStephan