topic Re: Credit card churning NYT and amusing comment in Credit in the News

Credit card churning NYT and amusing comment

bs1234 — Sun, 12 Oct 2025 12:31:07 GMT

NYT has an article, How Churners Earn Money By Regularly Signing Up for Credit Cards - The New York Times

about churning. Fairly average stuff for many on here. But what I found funny is the comments, in particular:

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I worked at a high level for decades in consumer finance at the largest banks. I am extremely skeptical about this article. There is zero chance this [people churning credit cards could happen in the banks where i was a senior manager.

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Love to know which banks they were and pretty sure that he is wrong!

Re: Credit card churning NYT and amusing comment

Realist — Thu, 16 Oct 2025 01:21:19 GMT

You have to go into nearly all comment sections of all online articles generated, understanding that most are bots, or agencies that employ a vast number of individuals to create confusion, or misinformation, to generate a narrative. I would think this is common knowledge to most by now, many years in the making now, but surprisingly it's not. The comments section is a controlled environment, where few individuals have their say these days, and if they do, they are drowned out intentionally. Some sites are very controlled in that they censor certain topics without debate at all.

Now with that said, reading through the article, assuming any of these comments are legit - they're about the lowest form of informed intellectual IQ as it gets. The herd. The mass. The unit itself is nothing more than mob rule and identity, where they feed off each other for a cause. They speak, without having walked the path. Without having a clue. It would have been better if they stated nothing at all.

But, at the end of the day, the collection of drivel in the comment sections, forms a narrative onto the readers downstream.

That's how it works. The readers down stream, don't actually receive the truth. They receive the narrative. For those that do churn SUBs, it's enjoyable, it's profitable, it's not difficult, and there is much opportunity in it.

Re: Credit card churning NYT and amusing comment

LivingTheAmericanDream — Fri, 17 Oct 2025 23:33:59 GMT

Hmmm, guess many of us are 'myths!' I'm hitting SUBS, using THEIR $$$ through BTs and don't feel bad about it as issuers have made tons of money from me in the past. Now it's my turn.

Re: Credit card churning NYT and amusing comment

bs1234 — Sat, 18 Oct 2025 13:36:52 GMT

@LivingTheAmericanDream wrote:
Hmmm, guess many of us are 'myths!' I'm hitting SUBS, using THEIR $$$ through BTs and don't feel bad about it as issuers have made tons of money from me in the past. Now it's my turn.

Right, but presumably that guy is no longer a senior manager at the banks you are hitting, so that's why it works!