Your Money: Few profit from credit card churning

Dave Ramsey: Flipping credit cards for additional perks such as airline miles takes time and risk, and won’t lead to financial success.

BY DAVE RAMSEY Published: February 25, 2013
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DEAR DAVE: What do you think about the practice of credit card churning?

Ethan

DEAR ETHAN: I think it’s a pretty dumb idea. The concept is to run up the balance on one card as high as you can, then flip the balance from card to card in order to get perks like airline miles. So, if you want to go through all the trouble and hassle over such a small amount of money, be my guest.

I’ve met thousands...

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