The only con is too many hard pulls can result in your credit score dropping, which, besides the obvious reasons, is bad because it might make you ineligible to sign up for more cards that'll give you a bonus in the future.
I'd limit it to opening 2 cards per year, but otherwise, "credit card hacking" is a great idea. Especially if they don't have an annual fee, I'd just keep them open because your credit score will increase if 1.) you have high credit limits and 2.) your credit utilization is low, which will continue to get lower if your credit limit keeps increasing.
_Light_The_Way t1_j2d32lc wrote
Reply to Opening new credit cards just to get intro bonuses? by tidddyfricker
The only con is too many hard pulls can result in your credit score dropping, which, besides the obvious reasons, is bad because it might make you ineligible to sign up for more cards that'll give you a bonus in the future.
I'd limit it to opening 2 cards per year, but otherwise, "credit card hacking" is a great idea. Especially if they don't have an annual fee, I'd just keep them open because your credit score will increase if 1.) you have high credit limits and 2.) your credit utilization is low, which will continue to get lower if your credit limit keeps increasing.