Most folks who churn already have a mortgage or some don't care about maintaining a really high credit score. I was mostly talking about what you can do, what people do, not what you maybe should do.
American Airlines and Citicards right now will give you between 75,000 and 100,000 miles for opening a new card. That's a free round trip business class ticket to europe/asia/south america. $10,000 in flights for opening a card.
Mostly people churn to try and get life time status, it's how people get status without BIS, Butt In Seat miles flown.
I personally get status mostly by flying crazy routes, Uruguay to South Africa via New York and London. I also focus on purchasing tickets which will earn me maximum miles, but for flights i'd fly anyway.
American Airlines and Citicards right now will give you between 75,000 and 100,000 miles for opening a new card. That's a free round trip business class ticket to europe/asia/south america. $10,000 in flights for opening a card.
Mostly people churn to try and get life time status, it's how people get status without BIS, Butt In Seat miles flown.
I personally get status mostly by flying crazy routes, Uruguay to South Africa via New York and London. I also focus on purchasing tickets which will earn me maximum miles, but for flights i'd fly anyway.