Churn credit cards = constantly open and close new credit cards for the sign up bonuses but in a careful way that doesn't crash your credit score

So I've met quite a few people in tech who do this and they're literally all hardcore neoliberals. They hate any type of welfare for new immigrants, refugees, and the unemployed. They despise unions and think it's for lazy people. They worship companies and have snitched on coworkers to HR for doing stuff like stealing office supplies and abusing employee benefits

I'm wondering if all credit card hobbyists are like this or just the ones in tech because theoretically, there's nothing about having good personal finance that inherently makes you have shitty politics. I guess I can see how people who do this think poor people are poor because they don't do all this neurotic credit card min maxing shit?

    • silent_water [she/her]
      ·
      11 months ago

      so cc companies put sign bonuses on cards expecting people to use the cards for awhile after they have them. this is basically trashing your credit score for 2 years (cause you opened a bunch of cards) to make some money. it's not enough to live on or anything but some people get a kick out of it, I guess? like they're screwing the credit card companies if they do everything perfectly and getting screwed by the credit card companies if they slip up even slightly. like paying any fee for late payment or worse taking an interest charge is going to eat away at the profit real fucking fast.

      • 1nt3rd1m3nt10n4l [he/him]
        ·
        11 months ago

        like they're screwing the credit card companies if they do everything perfectly and getting screwed by the credit card companies if they slip up even slightly. like paying any fee for late payment or worse taking an interest charge is going to eat away at the profit real fucking fast.

        I mean that's exactly what I thought would be the case so I don't understand why you would bother. This seems like a lot of effort for very marginal returns.

          • 1nt3rd1m3nt10n4l [he/him]
            ·
            11 months ago

            I do not understand why people find screwing around with numbers on spreadsheets this enthralling.

            • silent_water [she/her]
              ·
              11 months ago

              there's a pleasure in working out how something operates mechanically and twisting its behavior to make it do something it's not supposed to. or that's my guess from experiencing something similar in games.