This financial advisor opened 3 credit cards to pay for his wedding, but he says it's not for everyone.
individually to help cover the costs. At the time, Ma estimates that the welcome bonus on the Preferred Card was 50,000 points after spending $2,000 to $3,000 after three months.
But Ma doesn't recommend it for everyone. If the spend requirement is higher than your normal living expenses, it can be difficult to earn the bonus on one credit card . "If someone was thinking about doing this strategy, I would suggest they only proceed if they could pay off their balance in full each month," he says. "Otherwise, it's not really a bonus when you pay 20% interest to get the points!"
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