It was also fascinating to watch it all break down in the end, as banks stopped accepting bulk deposits of the coins. A lot of panicked people trying to find some way to get their thousands of dollars of coins back into their checking accounts after every bank in town turned them away. IIRC, some credit card companies also stopped paying rewards on those purchases or closing accounts due to the obvious manufactured spending, making all of the risk and work pointless.
And if you had good credit and lots of credit cards already, having one or two cards occasionally nearly maxed out didn’t really hurt your credit score much.
Claimed to have made thousands on it, maybe even 10s of thousands
I always wondered if your credit scorn would be all jacked because it would report this high to zero usage
I shall add this to my list of unverifiable FICO score rumors.
> your homeowners insurance rate can be impacted by your churning activity, even though your credit score remains high. Your insurer regular does a soft pull on your credit, and they may increase your rate if there are a lot of new credit lines, even though your overall credit score and utilization may remain in good standing.