I didn't say it was wrong or right just that the "misleading" argument goes both ways 
@Anonymous wrote:
@kdm31091 wrote:
Its also misleading to suggest that churning for bonuses can never possibly get you in trouble.It can absolutely get you in trouble.
But it isn't wrong.
I completely agree. I have no moral objection to it in the same way I am not morally opposed to card counting (which I actively do). I don't want to do it because I don't want my account closed by someone who (thankfully) extended me credit. The difference for me is I value credit a lot more than being thrown out of a casino.
It's also hilariously false to claim that no one has ever had their accounts closed for exploiting sign up bonuses. There are so many counterexamples to this that I would rather close my own accounts than enumerate them all. Lol.
@heyarrnold wrote:It depends on how much you value the rewards that each card gives and their reward structure. Let's take the PRG as an example. If you value MR points at .1c, you'd need 17,500 MR points to just break even with the annual fee. Unless you're MS, putting a lot of spend on the 3x category of the card, you'd have to spend at most $17.5k on the card to generate 17.5K points. For some people this does not make sense. And some, like myself, at times apply for certain cards for their sign up bonuses. And if the card, once the annual fee is about to hit, no longer generates value for me, well, I have no problem dumping the card. Unless a fee waiver or a retention offer is given of course
Could have not said it better!
@longtimelurker wrote:
@merlinflex wrote:Great converstaion on both sides of the issue. I just ok with paying AF as I am using my credit cards to pay for things that I would otherwise just pay cash for and get points, miles and cash back depending on which card that I use.
Of course now that I am in VA and not TX anymore, I have to pay all sorts of state income tax and property tax and this tax and that tax.
Counting down till the day I can leave VA and their stupid taxes behind and move back to TX.
So I pay my taxes via my credit cards for rewards right now, might as well get back as much as I can while I can.
So fees for using ccs to pay taxes are low enough that it is still worthwhile?
For me at this current place in time and location, it will work for me. When I was in Texas, no, it would not, simply because TX does not have the "tax to death" mentality that VA has, a much better run state IMO, but off topic!
@merlinflex wrote:
@longtimelurker wrote:
@merlinflex wrote:Great converstaion on both sides of the issue. I just ok with paying AF as I am using my credit cards to pay for things that I would otherwise just pay cash for and get points, miles and cash back depending on which card that I use.
Of course now that I am in VA and not TX anymore, I have to pay all sorts of state income tax and property tax and this tax and that tax.
Counting down till the day I can leave VA and their stupid taxes behind and move back to TX.
So I pay my taxes via my credit cards for rewards right now, might as well get back as much as I can while I can.
So fees for using ccs to pay taxes are low enough that it is still worthwhile?
For me at this current place in time and location, it will work for me. When I was in Texas, no, it would not, simply because TX does not have the "tax to death" mentality that VA has, a much better run state IMO, but off topic!
Eh, they do on property... 