Credit card welcome bonus. Am I missing something here?

Thanks for the thoughtful response but I definitely do not appreciate some of your comments.

  • I hear you. Simplicity is invaluable. As stated in my post, I cut those accounts and never use them again. In few cases I cut them up. Currently, I only have 4 credit card accounts, two of them are from my primary bank.
  • I am very financially stable. The apps take about 5 minutes and my spending continues on as normal. After use, I discard of them. My daily life is hardly changed at all.
  • I don't see the risk you are stating. My actions are not fraud as I met the intended guidelines. The company got the benefit of me using their card as I got mine. No fraud was committed. Although it does leave a trail of my financial moves, I don't mind being tracked because I don't plan on committing any kind of fraud any time soon.
  • I don't understand what you are trying to imply. In no way did I imply using this for financial security or as a steady source of income. It is realistic to maintain as I said it only takes a few minutes and I never deal with it again. I definitely do not appreciate your tone when you keep referencing "smart people have better ways". All of this is independent of my actual financial status. You clearly failed to understand the purpose of my post. Your skewed opinion of how time consuming and painful this process is fails to account for actually how it is. All in the while labeling me as being inefficient and a fool to waste my time applying. I have no financial concerns as I am well vested and anyhow, these tips could be make or break for some other people.

A lot of your assumptions are based on what you speculate. Time consuming? Credit card fraud? Smarter people have better ways? All of these are guesses on what you perceive but I have shown to you that none of these apply to me. I am no fool, and I have no reason to compare with anyone. This post is to help others that are not as fortunate as I am. Very poor assessment.

/r/personalfinance Thread Parent