Bad idea to sign up for promotional credit cards?

[trustcash]

TrustCash introduces a CASH ONLY payment system called "TrustCash Deposit". With this service, TrustCash hopes to liberate customers from the incessant problems associated with online payment processing. It also aims to provide smoother online transactions that may actually help in opening up new online payment options to adult consumers.

The TrustCash Deposit platform is essentially a proprietary payment system that allows merchants to accept CASH at over 16,000 TrustCash Bank locations in the U.S and Canada.

[orenwach]

Signing up for cc's is great - but don't ever have a balance

OP...I have almost 40 credit cards in my name. I sign up to get free things all the time. GPS, ipod, tons of skymiles...I cant tell you the last time we paid for a round trip flight. Matter of fact there is a british airways credit card deal going on right now, if you spend $2500 in the first 3 months you get 100k skymiles, enough for a couple RT tickets anywhere in the continental US, or 2 RT tickets to hawaii or alaska. Annual fee is $95 I believe.

Even with all those credit cards, the ones with annual fees I cancel after getting the reward, my credit score is just shy of 800. I know people say how cc's ding your fico score...I have no complaints...and no debt!

I agree with rennigade - why not get free stuff when they are offering it. I probably have about 10 credit cards and i use about 3 or 4 of them regularly. My credit score is also just shy of 800, but I have gotten lots of free money over the years. When I don't use the card again, I shove it in my drawer in the folder for that card.

If there is a chance you might carry a balance, don't get the card. The interest rates will eat up any money you get from the promotions. If you always pay your balance, who cares, take the free stuff.

This is all if there is no annual fee. If there is an annual fee, cancel the card right after they allow you to cancel and still keep your rewards. Usually about 6 months but depends on the card.

[Eric80]

It may not look great but it will increase your credit score - especially if you make a purchase and pay it off straight away. As long as you dont have bad credit ratings anyway then all should be fine.