We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

credit card hopping for cashback

is this a know thing in this part of the forum? after a default dropping of my file this month I have been able to apply for a first direct account switch for the free £100, but now looking on quidco there is so many CC's offering cashback, not huge amounts but if I could open say 2 / 3 at a time with only small balances then close them in 6 months and open 2 / 3 more?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You could. Whether you would get them is another matter and whether it's worth the effort and impact on your credit file is also something I'd consider.
  • guestman
    guestman Posts: 195 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    so if for example you was wanting to get a mortage within 12 - 24 months it wouldn't be a wise move?
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Certainly not within 12 months. You want to show stability, rather than frenetic madness.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.5K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.