bjoltus1973

Hi,
I'm new to the site.

Are there any pitfalls to continuously chasing down these deals?

The only ones I can think of are that the credit card deals hit your credit report which could be negative if done too much. I'm not sure getting a $50 gift card is worth it if it means extra points on a $200K+ loan.

Do the bank account deals make a difference toward your credit? I think they would just count towards the assets you have to pay off the available credit, but not as credit inquiries or credit accounts. Any comments?

the only other negative I can think of is if you get in and out of a bank and later want to get an account there for other reasons than a reward or bonus. But in that case they probably wouldn't turn away the account again, but rather just not pay the bonus/reward out.

Oh, yeah, more interest income statements to report at tax time.

Anyone think of any others?

bjoltus1973