fluffy
Recycles dryer sheets
- Joined
- Jun 16, 2006
- Messages
- 82
If you are an organized person, stoozing is not risky at all. You have a few weeks to make your payments, whether online or by mail, and the ability to easily verify online that the payment credited correctly. It just takes a little organization and can yield a few thousand dollars per year with very little effort. The problem these days is lower interest rates and stingier credit card issuers
As far as signing up for rewards and cancelling the card afterwards it's an OK strategy as long as you realize that every new card lowers your credit score which in turn may result in higher mortgage/loan/insurance/home equity/credit card rates. So a few $100 rewards may not be worth it if you are going to apply for a large mortgage or other loan soon.
As far as signing up for rewards and cancelling the card afterwards it's an OK strategy as long as you realize that every new card lowers your credit score which in turn may result in higher mortgage/loan/insurance/home equity/credit card rates. So a few $100 rewards may not be worth it if you are going to apply for a large mortgage or other loan soon.