Imagine for a moment that you’re a 24-year-old recent grad “hacking” personal finance. You go to Reddit, because that’s where nerds that are into these sorts of things tend to congregate.
One idea you might come across is to use credit cards for sign up bonuses. This is often called churning. Another idea you might come across is to use credit cards for their interest-free loans. The signup bonus sounds great — you get a few hundred dollars for signing up for a new credit card. Less intuitively, (and this is the cool part!) the interest-free borrowing period can be used to transfer the…
