Happy Dude
Established Member
- Joined
- Oct 13, 2006
- Posts
- 2,758
5 per year: I think that is poor advice to a 21 year old as they would run too great a risk of creating a poor credit record. And at 21 they are just starting out in independent life. The OP needs to appreciate that life is a balancing act and that they need to look after all aspects of their life, and that some long-termthinking is just as necessary as short-term benefits.. Investing in memories through travel is highly recommended but not at the price of risking financial handicaps. They may be seeking home or investment loans in not that long a time and so do not want a poor credit rating.
By all means they can take some credit card sign on bonii (though at 21 their income may limit them from getting the best deals). I would suggest that they focus on the ones that for them are best value, but not to overdo things. Churning many many cards is best done later once you have a number of financial aspects in place.
Agreed +100. Chasing a few points to spend a day at the pointy end at the risk of ruining your credit record is very silly.